Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise
by
Btc_1856
on 11/06/2019, 05:00:05 UTC
With the price going down at the moment we can expect the staking difficulty to rise even further up. Even with 6k Veils, it's getting harder to get a stake every 3-7 days.

Please excuse my ignorance. Is it possible to do PoS mining with just 6,000 Veil? I thought that for doing that you need to have a minimum of 10,000 Veil in your wallet. Anyway, the decrease in mining reward is good news for people like me. That means that the supply of coins is reduced and the exchange rates may rise due to the scarcity.
It seems, most likely the opposite. The decrease in mining reward is associated with an increase in complexity, the emission is the same.
In this case, you will get a reward less often, and large holders will receive a large part. They can sell rewards of the same volume, but already from a limited number of holders.

Not only in the Veil, but there are also many other companies who will make more coin through staking, people who have lower coins will get low coins. We shouldn't blame the investors and according to their investment that's how POS model will work for them.