Whats wrong with POS coins?
Its not a promotion I am asking a serious question. Sprouting beans is the most profitable method of satoshi generation I have found. Is there some drawback to POS that I don't know about?
The one drawback I can think of off the top of my head is that PoS is hyperinflationary unless block reward is reduced after every n blocks. You end up needing a Weimar Republic style wheelbarrow to haul enough cryptocurrency around to pay for a Pepsi... metaphorically speaking, of course.
And for you tossers that keep suggesting I sign up with Madoff (currently serving a rather lengthy prison term, as I recall) I am ASKING QUESTIONS TO LEARN MORE, NOT TO SHOOT DOWN YOUR PRECIOUS COIN. I am skeptical by nature and don't necessarily believe that every "fantastic opportunity" is, indeed, such. It probably has something to do with my mom dragging me to a timeshare sales presentation just so she could get a free camera.
lol, Timeshares! Silverleaf... man what ever happened with those folks?
As to the hyperinflationary thing. I understand that. That's why I don't mess with redd or ESP. With Bitbean it was created after Doge so they saw the stupid thing Doge did releasing all those coins at once. They have it planned so there's like 90 years worth of growth. So its scaled to gradually grow instead of some crazy developer yelling: here's some coins! come what may! They paid attention to Gavin Andreson and followed his suggestions for how he would fix Bitcoins scaling issues and built that into the coin from day 1. 20mb block sizes, lightening fast transactions and they pioneered POS v3.