Topic: no more POS and ICO - page 3. (Read 3509 times)
I have already given up on ICO many years ago when they started scamming many people. Now I would rather pay a premium to see a working coins that risk my btc to buy an altcoin with promises.
Got any coin that might loom large in your mind when you shat this thread out of your mind onto my screen?
Why don't you tell us how you really feel?
Why don't you tell us how you really feel?
Can't we just work in harmony?
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.
Die think Pow has also somehow failed since mining is not possible any more for the average Joe. I agree POS is far away from perfect but it's the same for Pow.
And a ICO at least helps to keep the price stabile and avoid dumps
And a ICO at least helps to keep the price stabile and avoid dumps
By me is about 0.30$ for kilowatt
That won't happen... These threads have been popping up for years. People keep falling for them. Just ignore them people will never learn...
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.
According to your argument if I'm using some sort of free electricity then my coins worth zero, and if I'm mining in Europe then my coins should worth more than those mined in China (with cheaper electricity). BTW PoS at least not wasting energy on mostly pointless (except curecoin a few others) operations.
Rofl! 1, 2
Death to POS! 
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.
More POS and POW/POS, pure POW should die
Definitely agree, PoW should die already. PoS FTW.
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.
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)
More POS and POW/POS, pure POW should die
Definitely agree, PoW should die already. PoS FTW.
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.
More POS and POW/POS, pure POW should die
Definitely agree, PoW should die already. PoS FTW.
More POS and POW/POS, pure POW should die
Coins Out Stop fucking POS & ICO doing is the only thing that destroy the community of altcoins mother fukers
POS & ICO = SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
POS & ICO = SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Coins Out, Stop fucking PoS & ICO, doing is the only thing that destroys the community, altcoin mother fuckers.
Fixed^
Hmm I don't know that I would call that fixed.. Also OP your poll doesn't make sense. It just shows a 1 & 2 as options.
Coins Out Stop fucking POS & ICO doing is the only thing that destroy the community of altcoins mother fukers
POS & ICO = SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
POS & ICO = SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Coins Out, Stop fucking PoS & ICO, doing is the only thing that destroys the community, altcoin mother fuckers.
Fixed^
Coins Out Stop fucking POS & ICO doing is the only thing that destroy the community of altcoins mother fukers
POS & ICO = SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
POS & ICO = SCAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
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