Mintcoin "MINT" is successful. Its a great PoS coin.
Lel
Topic: Why none of pos coin successful? - page 2. (Read 1684 times)
Lel
Mintcoin "MINT" is successful. Its a great PoS coin.
I don't see any pos coin being very successful.
Maybe it is because due to the lack of real world users using the coin and these coins are mostly for pump and dump purpose only.
Maybe it is because due to the lack of real world users using the coin and these coins are mostly for pump and dump purpose only.
Coinmarketcap is a completely useless number - or at least wildy overestimated or misunderstood in my opinion.
As fluctuating as the daily trading volume is, it still has way more merit imo (top15 by cap):
As fluctuating as the daily trading volume is, it still has way more merit imo (top15 by cap):
Code:
Name Market Cap Volume (24h)
Bitcoin $ 3,300,989,269 $ 17,898,000
Ripple Ripple $ 195,495,080 $ 1,409,630
Litecoin $ 56,792,579 $ 626,938
Dash $ 15,160,661 $ 34,191
Stellar $ 12,840,329 $ 43,370
Dogecoin $ 11,838,137 $ 178,075
Nxt $ 10,795,969 $ 212,975
BitShares $ 10,082,123 $ 75,738
MaidSafeCoin $ 8,190,701 $ 8,394
BanxShares $ 7,509,542 $ 13,836
Peercoin $ 7,429,548 $ 126,694
Monero $ 4,104,122 $ 95,280
Namecoin $ 3,908,745 $ 25,407
Bytecoin $ 3,803,262 $ 6,957
Infinitecoin $ 3,188,527 $ 32,529
Bitcoin $ 3,300,989,269 $ 17,898,000
Ripple Ripple $ 195,495,080 $ 1,409,630
Litecoin $ 56,792,579 $ 626,938
Dash $ 15,160,661 $ 34,191
Stellar $ 12,840,329 $ 43,370
Dogecoin $ 11,838,137 $ 178,075
Nxt $ 10,795,969 $ 212,975
BitShares $ 10,082,123 $ 75,738
MaidSafeCoin $ 8,190,701 $ 8,394
BanxShares $ 7,509,542 $ 13,836
Peercoin $ 7,429,548 $ 126,694
Monero $ 4,104,122 $ 95,280
Namecoin $ 3,908,745 $ 25,407
Bytecoin $ 3,803,262 $ 6,957
Infinitecoin $ 3,188,527 $ 32,529
There are plenty of pos coins still alive and well. Few have failed and so have pow coins. I don't think being #1 on market cap is the only way to see success. Dogecoin probably has more users than BTC but its value is as much. More people own Doge than BTC. In that case Doge is more successful.
Why none of pos coin is successful?
As we see, PPC once is in the third place in the coinmarketcap, but now, it's out of top 10.
As we see, PPC once is in the third place in the coinmarketcap, but now, it's out of top 10.
I assume by success you mean marketcap ranking. These winners will not be determined by mining algorithms. Traders and investors generally don't look at code when making financial decisions.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
You assume all POS algo's have inflation, which isn't the case.
With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
Damn, why isn't there a “follow” button on this BBS? That's three people I've encountered now who are also from planet Earth, I was beginning to think I was the only one.
Cheers
Graham
i think its because of there are so many POS coin to choose from and there are also lots of scams happening
that's why investors loose interest on POS
that's why investors loose interest on POS
^ LOL, can't we get a discussion without people shilling their bullshit coins in here? Thanks for the laugh though.
With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
TransitCoin will change the views of users about POS coin. It will have a floor price of 1$ we will always buy back it and user will be able to mine it on our pool using virtual mining contracts :-)
Please visit:
https://bitcointalk.org/index.php?topic=1057084.new#new
Do you know any POW coin that is successful ?
Yup, you have a point. Bitcoin can't be considered a total success yet.
Do you know any POW coin that is successful ?
With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.
Have you ever heard about clams? They doing great and the price is stable, not to mention that has a support that most of the altcoins dont count with.
Why none of pos coin is successful?
As we see, PPC once is in the third place in the coinmarketcap, but now, it's out of top 10.
As we see, PPC once is in the third place in the coinmarketcap, but now, it's out of top 10.
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