Post
Topic
Board Altcoin Discussion
Re: Why i prefer POW over POS
by
minerman121
on 16/05/2017, 10:21:07 UTC
POS on the other hand favours early adopters. People who come late to the show have a serious disadvantage.


HAHAHAHAHAHAHAHA you must be kidding.

A man payed 10000 BTC for a pizza once.

POW favoured early adopters too... Even more extremely. Nothing can even compare.


Yes, ok. And throughout the course of said coin activity, it still provided adequate rewards to secure the network and invest in it.

Yes, a man payed 10000BTC for a pizza once, fine, fair enough. However throughout the existence of the coin, it could still be mined. And at the very least, it did not require 150K to make less than 1% monthly return. The reward stayed consistent with the network difficulty.

This argument is not because early adopters made more than late ones, this argument is about providing adequate incentive for investing in a network and securing them voluntarily. Why would any idiot in their right mind decide $1400 monthly return was worth the staking of $150K. Where is the incentive and the balance in the Risk/reward there in PIVX? It's an absolute joke.

And to the people saying they needed "specialised hardware" are just ignorant to the entire game. GPUs are not specialised hardware, and I have made a lot more in PoW than I can possibly in investing in staking in a coin that already took a price jump. NEM, PIVX, CROWN; it's all the same shit. The reward is crap, the network needs the stakers, so only early adopters see a proper return as per their stake and risk. You can't lie about the figures. $150K can earn you a lot more with other investment vehicles. I think the PIVX devs are dreaming.