Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EAGS]EagsCurrency SHA256 - POW/POS [POW Ended - Trading Now!]"EiB PLAN" !!
by
jasemoney
on 14/01/2015, 21:10:59 UTC
I am grateful for the explanation. In this case then mine eags is no longer possible and thus it will become a rare coin? If so, which makes desirable a rare coin? Is this the benefit of the pow stopped and pass for pos so there are not many eags in the market? Are weird concepts for those who always mined bitcoins... Youtubing it now.
its just a different way to secure the network and make sure that transactions process smoothly. POS doesnt require miners wasting electricity, it just requires holding some coins for a period of time, and keeping the wallet open. of course there are some shortcomings with POS just as there is with POW.
There are 10 million EAGS so they will be on exchanges, a coin being POS does not make it harder to buy or rarer to find. If its a good coin it will be on exchanges, and the price will reflect peoples confidence in it.
The marketcap for EAGS is 10-15 thousand USD depending on if your buying or selling
Currently on c-cex.com exchange people are selling EAGS, 1 EAG would cost over 800 satoshi to buy, and other people buying EAGS where 1 EAG could be sold for under 500 satoshi. the only limiting factor is that if you have a lot of cpu, gpu, or asic. you can not turn electricity into EAGS like you can with POW coins.  
Have a nice day,
-J