Hello! I am back!
Work issues as always :S
We will change chain tech for sure, no way around it, the problem is that PoW + PoS is a temporary solution that we will need to change in the future again anyway
I am waiting for a strong backed technology that solves the problem (check hyperledger for example) that will probably emerge in the coming years, meanwhile we will develop the environment and tools so when this technology emerges (hyperledger? ) we will already have tools and services in place to become the best coin around. That's why I bothered to split the daemon from the wallet so we can adapt to any chain that wins the race.
I would not have any problem if some one helps making the switch to PoS + PoW as a temporary measure meanwhile (we will need a little coordination to integrate smoothly to the wallet, that's all), but certainly it's not an strategic development therefore I can't personally invest time on that.
Hi.
I agree that there are many different interesting technologies (perhaps in the future there will be even more).
But get me right, the big WDC owners are constantly losing a lot of money.
And this process is on the increase.
What's wrong with the fact that they will receive fair compensation in the form of POS ?
Just look at the situation -
http://coinmarketcap.com/ and you will understand that it's not just the wallet itself and its new opportunities.
If we move another 20-50 points down, then we will get into such a pit from which it will be almost impossible to get out..
There is nothing wrong with earnings.
But to be more clear, assume that hyperledger is the winner of the race. This will happen if we implement Pos + PoW (Amounts are just for making the point clear)
1] Current Market cap : 300 000 $us
2] 3 - 6 months invested implementing and supporting PoS + PoW. Market Cap: 3 000 000 $us
3] 3 - 6 months invested implementing and supporting Hyperledger. Market Cap: 30 000 000 $us
If I go according to my plan, this is what will happen:
1] Current Market cap : 300 000 $us
3] 3 - 6 months invested implementing and supporting Hyperledger. Market Cap: 30 000 000 $us
So, why exactly should I invest 3 - 6 months in PoW Pos knowing that we will change again in the future and the team won't sell any coins until then?
As I said I don't have any problem that someone invest his time in point 2] but for me personally it doesn't make any sense because I do not care on short time earnings, I want the final solution
PD: I expect hyperledger to make its big entrance in 2 or 3 years
Why do you think that hyperledger will be possible only for WDC? A lot of other coins will also switch to this technology if it becomes popular.
Against the backdrop of growing competition, people will choose those coins that firmly existed on the market.
What do you think will be related to investment assets that fell hundreds of times? Look at Ethereum ..
Their POW stage is on the verge of completion and they are preparing for the transition to POS.
If the POS was an unreliable option for the future, they would not ruin a coin with a capitalization of one and a half billion dollars.
I do not see any justice if after a year of continuing falling prices for WDC and lack of POS mode, what kind of speculator will be able to buy a several million WDC for a one bitcoin.
And believe me, these people simply will not give the opportunity to return the former capitalization for WDC because buying coins for a pittance, they will manipulate the market as they please, scaring off investors and new users.
If you want the WDC project to remain unchanged for a few more years, it means a severe sentence with oblivion (
With a series of forks that will soon begin to occur).
Just recall that when the project was launched under the name Friecoin (
Money Gesell), this supposed the title of the most fair and truthful crypto project, in which to avoid the accumulation of coins in large wallets, they just burned with time.
Now you can only find a reference to this project, since no one in their right mind would agree to invest in such a project and burning own money.
I hope that you do not want to do something similar with WDC?
I think that POS+POW cant help WDC now.Simply it is matter of will of Chinese "investors" that took over WDC,DOGE,QRK,even LTC and some other coins.They want complete control over coins and do not like any idea of competition with other big investors.They does not want stable coin and frankly they dont know how to do that.Theirs scheme is simple from the beginning of crypto world - dump coins to oblivion and pump into space. Of course,no serious investor like that and that is why these coins are so unstable and have price goes down constantly between pumps which happened once a year or more.