It was a joke, a very good joke. I have never like pos coins. I do not want to leave my wallet open and unprotected for 3% to 6% per annum. Risk/reward is way out of line, for me.
Pos may become glc some day. But the best(most valuable) coins, remain to be pow if I am not mistaken....
Agree. POW has merit in the no need to stake, no need to unlock a wallet on an open machine. Global is in great position LONG term as in it can offer the comfort of POW without the high inflation for investors. And for users it is a great brand and fast coin. Even for day traders price peaks will still be reduced by miners rewards, this means just enough swing to keep short term traders interested in Global.
Energy consumption point is moot if GLC goes MM. Then it is just piggy backing on Energy already being burned by LTCnet.