Quote from: Terwa on December 14, 2015, 09:20:25 PM

0.00021 % ?
Too low... i wont hold with this pos

0.0021% generating 2.1 coins per 1,000 staking up to 21 days depending on final selected options.
Still low pos though to drive long term adoption and stability.
If each coin were to be valued at $100 each long term, foreach 1,000 held that would still be an at value increase of $210 per month, which is a good return.

To even make mining cost effective Bitcoin's price will have to continually increase and at which point the difficulty will get so high blocks will become so slow, for the numbers of transactions that Bitcoin wants to cope with mining power will have to increase by 10 times just to satisfy the UK daily transaction requirements I think.

At one point in the future it will be amost guaranteed that a proportion of mining support will depart from Bitcoin (along with its value) to other similar coins, for that reason SHA256 is the only way to go for a valuable future compatible digital currency, in fact this may happen several times from coin to coin until everything settles with 3 or 4 coins sharing and cross referencing mining power to secure networks.

Proof of stake is exactly the same as quantitative easing, that is devaluing the overall capital per coin, ultimately economically this serves no function or benefit for people with a low coin count, and in this instance coins will retain much of the capital value because the numbers of units distributed will not increase dramatically because the POS amount is sufficiently low.

Cryptsy and the digital currency exchanges have been flooded with POS coins for around 6 months, some with stealth launches, but look at how the value of those coins has decreased, it's like 200 years of the US Dollar in 6 months! TEK, Hyper, Sprouts, Caps these are all coins which ultimately will go the way of the high POW coins like Mooncoin, Zeitcoin unless there is some significant adoption by mainstream to invest in Altcoins, because without Altcoins Bitcoin has no exchanges and therefore no future - i will not use the original Bitcoin if altcoins are not equally supported, and I also think that there should be two or even three identical fully fledged Bitcoin alternatives - BTC, XBTC21, XBTC42 (42 million coins) for example - because just one BTC Bitcoin is recipe for disaster.

So yes, low POS because it's not designed to make people rich, it's designed to retain higher value for longer and keep demand higher than supply!! Cheesy

P.S. yes I had accidentally put .00021 instead of .0021 :S