Topic: [POLL] Should PandaCoin (PND) add PoS? - page 3. (Read 6407 times)

it's a classic routine we have seen lots in the last year.. a method of refresh coins to compete with the P&D's
in turn under mine the old coin and original investors.. seen this go down lots

i thought this coin was wrapped up is so much bs and drama the coin was basically dead.. changing the coin is going to clean off old stains ?  

Updated the poll with a few more infos and an option for merged mining.

This would be too much of a hassle. It is easier to just go full PoS if anything.

Not to over complicate but just to brainstorm, what about a hybrid solution.
keep some POW traditional mining (could be merge mine with Dogecoin) along with new POS too?
 

I totally support POS. POS plus multipool just makes sense, for now at least.

I don't mind mid way rule change, it shows flexibility, which is key to survival. As long as the decision making process remains democratic, it's all good.

Nothing has been changed yet. This thread exists to determine the opinion of the people currently involved with the coin. You know, those who are planning beyond the quick buck that most miners on this board are trying to make.


Presenting an option doesn't mean it's a definite solution.


Clearly you're not aware about the current state of this coin or what it stands for.

Please refrain from posting senseless assumptions without doing your research first.

why are people changing the rules in the middle of the game ?

Honestly you guys see the PoS hype train and think that going pure PoS will save your coins.

Next thing you know, you guys will make the PoS pay out 100% per year, but not before loading up on PND.

pretty sleezy if you ask me.

Nice to know it is an option for us to upgrade to POS, thanks for the update and opportunity to discuss and vote on this important Pandacoin PND decision. I didn't vote yet but do believe POS offers us a more secured coin as well as rewarding long time community members and offering an incentive not to dump Pandacoin PNDs...  We can always Mine via our multipool, which is an awesome service we should all be participating in to some degree if possible.  The Multipool at least gives us a fighting chance now to hold off the declining value of our Pandacoin due to too much mine and sell at any lowest price (dumping).

It is really nice to have a POS coin in your wallet that is also essentially mining equipment so to speak, instead of using lots of electricity or buying expensive hardware or even generating unwanted heat in the summer, just POS. Proof of stake, essentially lets your balance represent mining equipment, permitting you to mine new coins using your stake according to your staked balance. You don't dump your mining equipment do you, so your not going to want to dump your Pandacoin if it is POS, the more you have the better your mining will go.  There are going to be plenty of Pandacoins to use them too, but most of the new Pandacoins mined through POS will be by Pandacoin supporters and users not so much by mine and dumpers so the coin value will increase for many reasons IMHO.  It is very scary to have only a few litoshi of value for such a good coin and community when we have a developer / team who can and will support our Pandacoin advancement efforts such as the multipool and proof of stake technologies.




  

Voting will close on 29 April. The option that has received most votes will be worked on.

This post is still in draft and will be updated.

Some cons for PoS:

• Not minable anymore through normal means.
• Current stakeholders will likely benefit more than others buying in later on.
• Questionable long-term sustainability depending on the adoption of the coin.

Some pros for PoS:

• Multipool will be able to raise and support the price naturally, depending on volume on the market.
• Since it's not necessary to mine through normal means you will benefit from the coin by just running the wallet.
• Next to no energy consumption is needed to mint coins, compared to traditional proof of work coins making it less of a necessity to dump coin on the market.

Some cons for merged mining:

• Compared to the current model it doesn't seem like there's any real negative.

Some pros for merged mining:

• PND and DOGE miners will be able to mine both blockchains at once, essentially meaning free coins apart from the targeted coin.
• Better security for the PND blockchain should DOGE miners be starting to agree on merged mining.