Quote from: allknowingeye on June 16, 2016, 02:55:11 PM

I don't support any POS insanity. Might as well shut the coin down, it serves no purpose to another completely and totally useless POS Coin.

And what purpose does the coin serve now? With POS you improve the efficiency and security of the network by removing the need to rely on POW miners, regardless of the mining algorithm it's now a hugely competitive domain seeing wild swings in hashrate on and off coins for the purpose of profit. With POS the security of the network is provided by those invested in it and the fly by night miners who dump straight away for profit are no longer a worry. Allowing more people to support the coin without specialized mining hardware also gives future-proof immunity to hardware centralization concerns. Once the Globalcoin network is secured and running efficiently with POS we can begin focusing on usage cases and adoption so it actually serves a purpose.