Re: Do you think Bitcoin should modify to POW + POS ? --- VOTING ----
i would love to have Bitcoin as POW + POS. That way my small stash of coins earn me something for keeping them. Investing BTC to earn some interest is just not possible in the current scenario, too many scammers and ponzi schemes around and i just dont feel safe investing atm.
Currently, i earn some kind of interest by loaning BTC to people, but the inherent risks are just too high, there is always the nagging fear that they might run away with my BTC. If i was earning some interest for my coins, i would very gladly leave them in my wallet and get out of loan sharking, lol!
Currently, i earn some kind of interest by loaning BTC to people, but the inherent risks are just too high, there is always the nagging fear that they might run away with my BTC. If i was earning some interest for my coins, i would very gladly leave them in my wallet and get out of loan sharking, lol!
But that's one of the problems with PoS, it promotes hoarding and kills activity. Less activity leads to less adoption which leads to price decline.
Why non-innovative, ever-inflationary DOGE has similar market cap to innovative and non-inflationary NXT? Because people use DOGE, they tip, they gamble, they spend - that makes it alive.
ps I voted Yes, as I'd like the BTC devs to be more open-minded about implementing different protocol in the future, but I'm not convinced that PoS or PoW/PoS hybrid is the right solution.