Topic: Should LOTTOCOIN change to POS? (Read 1123 times)
I am still mining lottocoin
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How about merge mining with another alt? Will be less inflation and more secure. I hate pos.
As far as I know, Lottocoin uses Scrypt algorithm.
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
Someone recently asked me the same thing with a different POW Coin.
What kind of algo is lottocoin?
What kind of algo is lottocoin?
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
I agree,
At this rate there won't be any use for POW miners
AArrgghhhh... Stop getting BOND WRONG!..
Sorry.. Force of habit.
If you want your coin to be worthless, switch to POS. By all means.
'Bitcoin does not derive it's value from the fact it solves the problem of distributed consensus.'
Ergo - just because you implement a chain which solves DC, does not mean it has value.
That's what the bitcoin mining is for.. The POW.. Please understand. (POS chains are DACs. POW chains are coins.)
Once lotto's mined out the only incentive for miners will be the transaction fees and I doubt they will be worth mining for. PoS seems the only option to keep lotto alive to me.
As far as I know, Lottocoin uses Scrypt algorithm.
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
Someone recently asked me the same thing with a different POW Coin.
What kind of algo is lottocoin?
What kind of algo is lottocoin?
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
I agree,
At this rate there won't be any use for POW miners
AArrgghhhh... Stop getting BOND WRONG!..
Sorry.. Force of habit.
If you want your coin to be worthless, switch to POS. By all means.
'Bitcoin does not derive it's value from the fact it solves the problem of distributed consensus.'
Ergo - just because you implement a chain which solves DC, does not mean it has value.
That's what the bitcoin mining is for.. The POW.. Please understand. (POS chains are DACs. POW chains are coins.)
I voted for POS, too, I invested some BTC into Lottocoin when lot was born,i like lot although it has two years near. 
pos is a good idea
Lottocoin is almost mined out, should we change it to POS to keep the network moving?
I dont know how to convert the current code to POS while keeping the same blockchain, but We could make a New POS coin, and do
a 1 to 1 coin swap, and also get the exchanges on board to make the process easier.
Any coins not swapped after a certian time, like 6 months, can be distributed via a faucet or something.
If we were to change to POS, how much interest should it pay? 10% 20%..?
What do you guys wanna do?
Hello, i have mined Lottocoin from the beginning. I have a lot of lottocoin, what must i chose mr.lottocoin? I dont know how to convert the current code to POS while keeping the same blockchain, but We could make a New POS coin, and do
a 1 to 1 coin swap, and also get the exchanges on board to make the process easier.
Any coins not swapped after a certian time, like 6 months, can be distributed via a faucet or something.
If we were to change to POS, how much interest should it pay? 10% 20%..?
What do you guys wanna do?
As far as I know, Lottocoin uses Scrypt algorithm.
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
Someone recently asked me the same thing with a different POW Coin.
What kind of algo is lottocoin?
What kind of algo is lottocoin?
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
I agree,
At this rate there won't be any use for POW miners
As far as I know, Lottocoin uses Scrypt algorithm.
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
Someone recently asked me the same thing with a different POW Coin.
What kind of algo is lottocoin?
What kind of algo is lottocoin?
I voted for POS, too. IMHO, POS is the future. Saves energy and gives everyone the chance to find blocks rather then POW where you need big mining farms over time.
Someone recently asked me the same thing with a different POW Coin.
What kind of algo is lottocoin?
What kind of algo is lottocoin?
switch to POS.
Lottocoin and Casino coin were made for each other.
I suggested that Casino coin look at merge mining with Lottocoin or taking over development.
Both coins serve a purpose, Casino coin for black Jack, poker, etc.
Lottocoin for slot style games.
I'm not invested in either now, but this seems like a no brainer. Setup a casino that supports both.
But if you aren't looking at merge mining with litecoin (this would be my suggestion, as you would find Litecoin miners who like
to gamble with something thats basically free to them) , then POS would be the way to go at about 10%.
Lottocoin and Casino coin were made for each other.
I suggested that Casino coin look at merge mining with Lottocoin or taking over development.
Both coins serve a purpose, Casino coin for black Jack, poker, etc.
Lottocoin for slot style games.
I'm not invested in either now, but this seems like a no brainer. Setup a casino that supports both.
But if you aren't looking at merge mining with litecoin (this would be my suggestion, as you would find Litecoin miners who like
to gamble with something thats basically free to them) , then POS would be the way to go at about 10%.
I support this. Lottocoin still has potential. It was never de-listed on coinmarketcap - Lottocoin is still there now.
I can't believe this coin still exists. I invested some BTC into Lottocoin two years ago before development was getting stuck. Then it was delisted from coinmarketcap and I tought this would be the end. A real resurgence
Lottocoin is almost mined out, should we change it to POS to keep the network moving?
I dont know how to convert the current code to POS while keeping the same blockchain, but We could make a New POS coin, and do
a 1 to 1 coin swap, and also get the exchanges on board to make the process easier.
Any coins not swapped after a certian time, like 6 months, can be distributed via a faucet or something.
If we were to change to POS, how much interest should it pay? 10% 20%..?
What do you guys wanna do?
I dont know how to convert the current code to POS while keeping the same blockchain, but We could make a New POS coin, and do
a 1 to 1 coin swap, and also get the exchanges on board to make the process easier.
Any coins not swapped after a certian time, like 6 months, can be distributed via a faucet or something.
If we were to change to POS, how much interest should it pay? 10% 20%..?
What do you guys wanna do?
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