Post
Topic
Board Altcoin Discussion
Re: Best way of initial coin distribution
by
Cryddit
on 28/02/2015, 04:10:21 UTC
You do realize chain that what cry said is against PoS right? PoS distributes coins at the very beginning to shareholders...

Hey, I got nothing against Proof-of-stake.  In fact it's got a lot going for it and I think I know a better way to secure a PoS chain that I'll probably try to do.  But because I'd want a fair distribution, I'll start with proof-of-work or something like it, then transition gradually to proof-of-stake over the course of years, while continuing to distribute coins steadily -- making a very slowly-increasing fraction of the distributed coins be PoS as opposed to PoW until the PoW awards are insignificant compared to the rest.