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Topic: [PPC] The Future of Peercoin - Sunny King - page 3. (Read 11704 times)
Thanks.
Received my 1PPC for the 2nd batch.
Received my 1PPC for the 2nd batch.
It is impossible to favor the poor with out some kind of identity system for a rich person can simply spread his crypto-money amoung several wallet addresses and appear to be many poor people. PoW favors those with more money much more so than PoS.
The Bitcoiin economy is very deflationary right now, I think even as adoption levels out to whatever it will be: 3%, 30%, whatever. There is a force driving up its price: new people joining the economy providing labor for fewer and fewer bitcoins.
The Bitcoiin economy is very deflationary right now, I think even as adoption levels out to whatever it will be: 3%, 30%, whatever. There is a force driving up its price: new people joining the economy providing labor for fewer and fewer bitcoins.
I think "the rich get richer and the poor get poorer" is stupid ideological nonsense in the first place. In a pure PoW coin, the rich get richer too. Or do you think the poor can afford high-end mining hardware?
In addition to what belltown has said I'd like to point out that PoS most likely makes a coin more stable than PoW with a hard cap on coin supply. Cryptocoins, like "real" money, get lost (in the sense that once a private key is lost the coins belonging to its address are effectively removed from the market). Therefore, pure PoW coins with a hard cap on coin supply effectively suffer from deflation. This is countered by PoS minting.
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In addition to what belltown has said I'd like to point out that PoS most likely makes a coin more stable than PoW with a hard cap on coin supply. Cryptocoins, like "real" money, get lost (in the sense that once a private key is lost the coins belonging to its address are effectively removed from the market). Therefore, pure PoW coins with a hard cap on coin supply effectively suffer from deflation. This is countered by PoS minting.
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I absolutely agree, Miners are not poor, at the current hashrate do you think poor person with a slow CPU could mine anything? Where is the democracy in that? POS is fair and I like it. I do not own much PPC but I agree with the concept and POS. Is you have people holding onto the coin, it gives the coin value, they believe in it and are holding it. They are also proving block chain work with POS so are making the network much more stable and safe, they deserve to get some coin for the work that they provide and the total overall stability to the network that they provide.
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Thanks !
Im mining with erupters @ d7
Thanks !
Im mining with erupters @ d7
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Neither the rich nor poor are getting richer with proof-of-stake—PPCoin is an inflationary currency. Some people are losing due to inflation, though—those who are not minting with their coins (such as, cryptocurrency traders holding coins in online wallets).
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Edit: Sorry I answered an old question.
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Edit: Sorry I answered an old question.
Coins updated, new coins will be available with the next q/a.
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thanks
thanks
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Agree!
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Thanks
PENa7J9ZtDTLLbnPaDkWPp5kRoL3uERkp1
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POS is better than POW. It obviously favors those with bigger stakes. So what, it's still better than POW - that favors ASIC insanity!
POS is better than POW. It obviously favors those with bigger stakes. So what, it's still better than POW - that favors ASIC insanity!
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Thanks...
Thanks...
online wallet will brought PPC to the future, to hold a local wallet is so boring.
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thx.
PHMDnZKTr4e5JCPQvSp923qSxWDj1G7Yfh
thx.
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