Post
Topic
Board Announcements (Altcoins)
Re: BiblePay | 10% Charity | POW/PODC | CPU/Cancer Mining | Sanctuaries
by
MIP
on 08/02/2019, 08:43:08 UTC
dont forgot one think: pog is creating coins like bank of zimbabwe
do you need more coins? here you are...
with no effort, almost 0 costs of electricity, wallet could be running on few watts device
there will be more and more coins with no value, staking is no answer as it is one time thing, not repeating with new coins

why btc is still dumping? because there are lots of coins mined when value was less (e.g mined with costs ~1000/btc) so it is no problem for somebody to sell it now for 3400
same will be here if you allow low value coins (replace podc with pog)

for fun it is ok to have small pog like now and trying gamble there


It is the old discussion about PoW and PoS.

So doing PoW you are getting coins minted from nowhere in exchange of electricity/hardware that secures the chain, and with PoS you get the same minted coins from nowhere in exchange of old enough coins (staking).

PoG is a flavor of PoS with a in-build pool, but chain is still secured with PoBH.

About which system is better, everyone has an opinion more or less strong towards one or the other.