Re: [ANN] SPECTRECOIN | Anonymous Tx | Tor | Ring Signatures | Stealth
I think that this project is not so wide spread because it only offers 5% of new coins per year per person (in average). This is very very low compared to every other POS crypto coin. In fact it wont even pay itself if you let any server run 24/7 to only stake this coin.
I know it's not all about money ... but in the end it is.
I know it's not all about money ... but in the end it is.
People forget that compared to possible growth of coin price if the project succeeds, any staking profit is negligible. On the other hand, if project fails, _any_ staking profits, no matter how high (we are talking about reasonable yieldd, that means tens percent) are useless in the end because you lose more on declining coin price.
I don't expect anyone runs server or VPS dedicated for staking one coin only and nothing more , thus taking your note irrelevant.
Better take staking as helping securing network and keeping it more decentralized. Staking reward is just pleasant bonus on top of it.
Yeah but it usually takes a very long time for a project to gain popularity and a big growth in price. Meanwhile you can make nices profits from your stakes. For example I own several other POS coins which I keep at a certain amount of coins. I sell all the stakes once a month and make ~ 1000$ from that. A nice add this to my regular salary
Those coins will also rise in price at a certain time in the future. But I also benefit from them right now. Thats not the fact with XSpec. Thats the reason I own not very much of those coins and I am thinking about going all out ..
Do you get my point? There can be something to benefit from even before the coins (eventually) rises in price.