POW is the only fair distribution model if done correctly with full announcement and no instamine settings.
ICO = total abuse and gaming in so many ways it's hard to even set out a group of guidelines to ensure it's fair.
1. it turns out to be a scam with no tech behind it and they run with the btc and dump their coins
2. it's good tech with insta ICO for devs and a few pals (let a few members get some to help pump it)then talked up and pumped on here whilst being withheld from exchange to build hysteria. Then released for 50x ICO price. Then dumped and new project started later.
POS? who cares - if the distribution is fair it does not matter about the POS so much unless it's a crazy %
Couldn't vote since i wasn't sure what 1 and 2 indicated.
POW only - boycott other methods unless extreme measures to show ICO was well handled.
Topic: no more POS and ICO - page 2. (Read 3528 times)
After long term of PoW, say 3 years, I think it is OK to be PoS. PoW can dilute the value of the developer's coin and distribute the coins fairly.
Just very few coins live for 3 years 
That is right. Most of the coins are just scams. They are created to scam people. I think we will not touch those coins.
After long term of PoW, say 3 years, I think it is OK to be PoS. PoW can dilute the value of the developer's coin and distribute the coins fairly.
Just very few coins live for 3 years
After long term of PoW, say 3 years, I think it is OK to be PoS. PoW can dilute the value of the developer's coin and distribute the coins fairly.
Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
I agree with you not every one have the hardware to mine coins,that s why big only big companies can concentrate mining and gets hold of the big shares,while pos coins ,holders has shares on the future of the coins..
Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
I agree with this statement POW is waste of electric power and energy!But i'm against ICO , those are mostly scams!
I don't know why people falling on those dirty tricks?
Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
I agree with you not every one have the hardware to mine coins,that s why big only big companies can concentrate mining and gets hold of the big shares,while pos coins ,holders has shares on the future of the coins..
I don't think so that POS is free. You also have to keep your computer turned on, that uses CPU, GPU, everything, so it's not free.
ok... not that I want to rain on anyone's parade... but..
I think there are huge misunderstandings about POS vs POW.
What I mean is this :
If you have a POW coin, the money spent on POW by the miners, gives the mined coins a price floor. In the long run, miners cannot sell for less or they will go out of business. Simple. Just like real miners mining Gold.
POS is FREE! (comparatively) Yipee!.. BUT.. there is no price floor.
A POW network, cannot be replicated with the same security, unless you also have all the hashing power as well. Costs a lot. This is important.
A POS network, can be replicated with exactly the same security. Costs almost nothing.
..
I like them BOTH, but they play very different roles in the crypto scheme of things..
The issue seems to be that no-one has come up with a way of distributing POS coins without an IPO / ICO.
For instance, you could, if you wanted, just hand them out evenly to every 'Legendary' Bitcointalk user.. Would that annoy people less ?
I think there are huge misunderstandings about POS vs POW.
What I mean is this :
If you have a POW coin, the money spent on POW by the miners, gives the mined coins a price floor. In the long run, miners cannot sell for less or they will go out of business. Simple. Just like real miners mining Gold.
POS is FREE! (comparatively) Yipee!.. BUT.. there is no price floor.
A POW network, cannot be replicated with the same security, unless you also have all the hashing power as well. Costs a lot. This is important.
A POS network, can be replicated with exactly the same security. Costs almost nothing.
..
I like them BOTH, but they play very different roles in the crypto scheme of things..
The issue seems to be that no-one has come up with a way of distributing POS coins without an IPO / ICO.
For instance, you could, if you wanted, just hand them out evenly to every 'Legendary' Bitcointalk user.. Would that annoy people less ?
i understand that you don't like ico. but what's the problem with pos coins?
Miners like me, hates High POS because we are getting crazy to mine when other people simply buy and wait! 
I hate those ICO IPO coins!
And from my experience(few years in crypto) i'm convinced they are alway worst scams! And people don't realize that they are supporting to these madness every time they bought those coins.
Pos or Pow , i dont care, those with miners will tell you they hate pos coins, i wonder why?
And from my experience(few years in crypto) i'm convinced they are alway worst scams! And people don't realize that they are supporting to these madness every time they bought those coins.
Pos or Pow , i dont care, those with miners will tell you they hate pos coins, i wonder why?
More POS and POW/POS, pure POW should die 
Won't somebody please think of the children? The shittie Bitcoin experiment is over people
POS is a good system technologically, especially in the absence of better (completely different) solutions.
ICO works for certain types of distribution but not for others, it depends on the objectives of the coin/token.
The problems lie with the motivation behind the creation of a coin/token.
ICO works for certain types of distribution but not for others, it depends on the objectives of the coin/token.
The problems lie with the motivation behind the creation of a coin/token.
ICO worked well for Ethereum. It makes sure the developer team have enough money to do the work. ICO for scam coins are bad.
I don't think so that there is a problem with pos coins. If the coins are distributed fairly then no problem. This method gives the chance to that people who don't have a mining rig.
POS is a good system technologically, especially in the absence of better (completely different) solutions.
ICO works for certain types of distribution but not for others, it depends on the objectives of the coin/token.
The problems lie with the motivation behind the creation of a coin/token.
ICO works for certain types of distribution but not for others, it depends on the objectives of the coin/token.
The problems lie with the motivation behind the creation of a coin/token.
Umm, Peercoin anyone? Kinda solves these problems. The original PoS coin, it's been solid this whole time. No fancy ICO stuff or anything like that. Its from back in the day ya know, where people weren't just looking for their next scheme to steal money from people..
for redeveloping pow , but with other conditions speed Connection Time etc , it must be equal to the miners or earning much large mining or very little those with less power that would encourage community I think I , item and ico not I see a future plan for this, do not make any sense to buy some coins and take them into a portfolio without knowing if the next day will be 1 satosis portfolio or just stops working
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Definitely agree, PoW should die already. PoS FTW.
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Meh, sure PoW has issues but PoS is way worse imho;
The price of PoS coins is completely arbitrary. It's not based on anything. ICOs and crap like that setting the initial price is useless and similar to how FIAT works.
While PoW does sink money into electricity and taking it out of the ecosystem, it also creates a floor price; miners tend not to sell coins cheaper than what the cost of mining them was.
PoW coins therefore have an actual cost of making therefore floor price, not just magic internet money created for free out of thin air.
PoS investors are also just as greedy as miners can be, but miners at least have to invest into mining equipment and more importantly electricity to mine while stakers doesn't need anything but to just hold some coins.
And stakers will earn coins at the exact same rate as everyone else staking which means everyone earns more at the same rate so in reality nobody really gains everyting.
Yes, I'm a miner but I'm not saying PoW is perfect, far from it but I think Proof of Stake is awful and it's based on a fallacy.
I can't take PoS only coins seriously. Same goes for stakers; holding coins for the prospect of a few percentages in the volatile nature of crypto is probably as sound of an investment as gambling or ponzis. But, it's easy and doesn't require anything so of course people want it.
The price of PoS coins is completely arbitrary. It's not based on anything. ICOs and crap like that setting the initial price is useless and similar to how FIAT works.
While PoW does sink money into electricity and taking it out of the ecosystem, it also creates a floor price; miners tend not to sell coins cheaper than what the cost of mining them was.
PoW coins therefore have an actual cost of making therefore floor price, not just magic internet money created for free out of thin air.
PoS investors are also just as greedy as miners can be, but miners at least have to invest into mining equipment and more importantly electricity to mine while stakers doesn't need anything but to just hold some coins.
And stakers will earn coins at the exact same rate as everyone else staking which means everyone earns more at the same rate so in reality nobody really gains everyting.
Yes, I'm a miner but I'm not saying PoW is perfect, far from it but I think Proof of Stake is awful and it's based on a fallacy.
I can't take PoS only coins seriously. Same goes for stakers; holding coins for the prospect of a few percentages in the volatile nature of crypto is probably as sound of an investment as gambling or ponzis. But, it's easy and doesn't require anything so of course people want it.
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I am a miner also but your statement that POS coins are not based on anything is wrong. It is based on bank deposit schemes and those are surprisingly working. lol
but to take this seriously the problem IMO with POS coins are the developers, 90% of them don't care at all about their coins and of course they are dying sooner or later, i believe that POS is the future just someone needs to bring it up, minning is just as costly as printing cash and that was not the initial goal of decentralisation(i guess)
but to take this seriously the problem IMO with POS coins are the developers, 90% of them don't care at all about their coins and of course they are dying sooner or later, i believe that POS is the future just someone needs to bring it up, minning is just as costly as printing cash and that was not the initial goal of decentralisation(i guess)
POW made sense early on, but right now, its interesting to see people suggesting POS as the proper alternative. Ive been saying that for years and thats why we have the coin we do!
Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
The coin has to be distributed fairly first, then do the PoS. Ethereum did ICO, it is now in the PoW phase. It will become PoS within a year.
As far as I can tell a small premine with a well advertised ICO is just about the fairest way of initially distributing a coin that exists.
People just hating on ethereum because they weren't perceptive enough to invest in the ICO. Probably also buttblasted litecoin bagholders.
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