@solarion
Just to make my point clear. I am not implying that the PoS model is making the price drop. What I am saying is that PoS model does not provide you with any kind of additional protection over non-PoS coins, if the price drops a lot due to the loss of interest. 25% more on something close to zero, is still close to zero enough to make a coin disappear and to make your investment a failure. What I am criticising here is the belief that just the feature of a coin itself (PoS model in this case) can make a coin successful in the long run (whatever we understand by the long run). Actually, it is the strength of the community itself what makes any coin successful rather than any new feature or coin model, be it a very small number of overall coins, big number of coins, minting, you name it. It is exactly in this moment in which ZEIT community must stand and prove strong enough (bring news, create interest, etc.) to keep the coin alive on the market, e.g., see beginning of DOGE for a successful example. Just blind belief in PoS won't make it survive in the long run.
Just to make my point clear. I am not implying that the PoS model is making the price drop. What I am saying is that PoS model does not provide you with any kind of additional protection over non-PoS coins, if the price drops a lot due to the loss of interest. 25% more on something close to zero, is still close to zero enough to make a coin disappear and to make your investment a failure. What I am criticising here is the belief that just the feature of a coin itself (PoS model in this case) can make a coin successful in the long run (whatever we understand by the long run). Actually, it is the strength of the community itself what makes any coin successful rather than any new feature or coin model, be it a very small number of overall coins, big number of coins, minting, you name it. It is exactly in this moment in which ZEIT community must stand and prove strong enough (bring news, create interest, etc.) to keep the coin alive on the market, e.g., see beginning of DOGE for a successful example. Just blind belief in PoS won't make it survive in the long run.
Understood. PoS is not a price action insurance policy, nor is it intended as such, it's a method of securing a blockchain. People that have no intention of selling and instead store their coins in their wallet are rewarded with freshly minted coins. I fall into that group.
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There is a very good blog (in German) describing five phases of an altcoin life-cycle: Start- First Pump - First Dump - Dead Cat Bounce - De-listing. Although it uses PoW coin as an example, I don't see why a PoS model should behave differently.
There is a very good blog (in German) describing five phases of an altcoin life-cycle: Start- First Pump - First Dump - Dead Cat Bounce - De-listing. Although it uses PoW coin as an example, I don't see why a PoS model should behave differently.
PoS coins are somewhat different in that there's incentive to keep your coins in your own wallet staking and keep them off exchanges where they are frequently stolen. Many PoS/PoS hybrid coins have shown tendencies toward long term price stability(hbn, tek, phs, mint). Zeitcoin is still very young, but I think it's quite likely to join that list over time.
Having incentive to keep your coins in your wallet does not yet guarantee the rise of the prices - you need the liquidity.
Without liquidity, even the most innovative coin features you could think of won't bring much, you simply won't get enough time to demonstrate the coin can work.
In the end of the day, exchanges must earn their fees, if not the coin is de-listed.
So I believe it is a combination of coins features and liquidity that makes a coin successful.
ZEIT is a relatively young coin, that is right, but it is now time to demonstrate it can have a sustainable liquidity for a longer period.
And for that you need this proof of community strength that will create interest in the coin, I was writing about earlier.
So for me a valid question for today is, how apart from the PoS feature can ZEIT attract the liquidity?
Being just a clone of HBN, TEK, MINT (by that I mean being another PoS coin) does not increase your chance for the success, especially if you come on the market after these coins.
There are no guarantees and there's plenty of liquidity. There are roughly 2b(7.3% of float) Zeitcoin for sale between 2 & 10 on mintpal alone and there are bids for over 1.8 billion on the same exchange. People can get in and out of positions readily.
