Quote from: MagicSmoker on April 23, 2018, 05:23:13 PM

Quote from: krypt0id on April 23, 2018, 04:58:07 PM

Quote from: Speedie on April 23, 2018, 04:04:16 PM

Correct. PoS in my opinion encourages hoarding of the coins rather than distribution, whether by outright sale on an exchange or in transactions for goods. It's part of the reason that raising interest rates generally cools down inflation (or at least so the Fed thinks). It encourages saving rather than spending.

Actually it's to slow down velocity of circulating supply (kind of like PoS). It's kind of used to hide inflation that has happened already, not really lower it. It's really just semantics at this point but I wanted to feel like I was part of the conversation.

M2, IIRC... but it's been a loooong time since I took an economics class.

In other news, that's a helluva spike in price for DERO today. And not to give out any financial advice, but I sold a fraction of the 300 coins I bought a few days ago so the remainder effectively cost me nothing to acquire. I have to admit I am a bit puzzled at the extreme strength today, despite there not being any notable news (except the Atlantis announcement, but that was a couple days ago) and the massive increase in network hashrate (I saw 132MH/s at one point today!?!). My theory that ASIC miners dump their coins as fast as they mine them seems to be suffering from a reality that does not agree.

That seems pretty accurate. The atlantis news would have taken a while to catch on though and the ASICs probably panic sold a bunch trying to get the top. I think this is Atlantis related and some new groups are aware now not to mention the fact that coinmarketcap is coming soon.