Post
Topic
Board Bitcoin Discussion
Re: Economical mammoths versus PoW and PoS
by
Khaos77
on 04/07/2019, 03:56:34 UTC
Well, PoW is 10 years consecutive and only champion so you should have got used to it.

 Cheesy
Nothing lasts forever.
Until then enjoy the ride.

The people that actually wanted to hold their own money , would run their own node.
No doubt companies would run their own in addition. Choice is there, people will be free to choose.
Their is also confusion , a staking node does not have to run 24x7 like a ASICS to avoid losing money.
Staking Nodes can run intermittently and receive stake whenever their coinage is higher,
so a staking node can be turned on, sync a month worth of blocks and then stake.
They do lose compounding, but leaving the Node up 24x7 is optional.  Smiley

People who want to stake their money, not people who want to keep their money in a wallet, big difference.
The same way people don't want to turn their asics, pos holders won't want to spend their money Tongue.
All pos coins will turn into a desert where everyone is staking but there are no fees because nobody is spending as they are all staking.

Not the reality, I am seeing.
Here is some info you seem unaware of, Most PoS coins actually burn all of their transactions fees from sending coins, as an offset to the so called free coins. Most PoS coins also use a fixed rate and process transactions in the order they are created, which means the rising fee for inclusion in a block is a non-issue for most PoS coins.
So in a very few PoS coins, the transaction fee can exceed the interest rate.
Making that specific PoS more deflationary than bitcoin or litecoin as a negative inflation rate is possible.

But that is enough of that , if you prefer irrational hate , I'll leave you to it.

Good Day.  Smiley