Topic: PoW vs PoS (Read 222 times)
Personally I avoid full PoS coins since there's a high tendency that a large portion of the premine is on the hands of the developers without letting their peers know about it. Also, the one who controls a large portion of the total coin supply, controls the market of PoS coins in general. Imagine how much staked coins they're receiving without doing much, and it also gives them the power to artificially manipulate the prices at will. Imo, PoS has its own pros, but a PoW coin is more resistant to market manipulation compared to PoS.
It depends what you want from a coin and investment. If you can afford to mine ufront go for it. If you get n early with a good position coin then stay in and oos stake as much if it as you can to keep in big stakes with the network weight. Just experiment with a few $$$ on different os coins and see how they work untill you use to it then move on to something more serious you can slowly invest in and build up from them.
Hi all,
I guess I got now the base principles of minable coins with PoW algo. But I am not sure about PoS. I got the idea that you will be rewarded for keeping your coins and with that artificially shrink the amount of trade volume which might lead to higher prices.
I wonder if this ideology will become mainstream, because more and more full PoS or hybrids are flooding the market.
And I wonder if this idea succeeds, if it is not against base principles of modern capitalism.
We have the common idea that money shouldn't be kept under the bed but rather being invested so that new business are being born and new work places being created.
If noone would invest because of high interest income based on PoS, all of that would stop.
So in short: Is PoS the future and is it the future we wish to have? All perspectives allowed. Investor, common people and currency founder.
I guess I got now the base principles of minable coins with PoW algo. But I am not sure about PoS. I got the idea that you will be rewarded for keeping your coins and with that artificially shrink the amount of trade volume which might lead to higher prices.
I wonder if this ideology will become mainstream, because more and more full PoS or hybrids are flooding the market.
And I wonder if this idea succeeds, if it is not against base principles of modern capitalism.
We have the common idea that money shouldn't be kept under the bed but rather being invested so that new business are being born and new work places being created.
If noone would invest because of high interest income based on PoS, all of that would stop.
So in short: Is PoS the future and is it the future we wish to have? All perspectives allowed. Investor, common people and currency founder.
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