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Topic
Board Announcements (Altcoins)
Re: [ANN][PHS][PoS] PhilosopherStone | Fast | PoW-PoS | ASIC Resistance | Messages
by
Palmdetroit
on 19/02/2014, 05:51:47 UTC
Hi All,

Tell me what's so cool about this coin and why I should mine it. I have 10MH available.

Let me know.

The proof-of-stake benefit is considerable if you hold your stones. Accumulate enough stake and you can reap (POS 'mint') new coins faster than you could POW mine them. Less volatile than many cryptos as there is less dumping (likely due to the inducement to keep one's stake). In essence, a stabilizing factor is inherent in the very design of the coin. This is an intelligent coin. Not another copy-and-paste litecoin knock-off. Nor is it a coin with gargantuan block rewards flooding the crypto ecosystem with a gazillion meaningless new trash-coins worth microscopic fractions of a penny each. That may be exciting for noobs, but it gets old fast. So it's a coin worth mining, and I'd also recommend buying outright. Sell off your crappy coins and move into quality. Really, this and Vertcoin are about the only two I can take seriously (barring Litecoin and BTC, of course).

Thx

It is like peercoin then.

I was thinking what's stopping someone from making super POS coin that would generate 2000%  or more per year. Why not?



because your coin would soon have little worth....even 50% year is very high if PHS grew really big they would probably reduce it a little bit.  PHS is a good coin get a few k, it's fun watching the pos come in. Load your wallet from the exchange every day with a bit... it's nice to see the pos coming every day.

cents was 1000% every 10days... that killed the coin.

PHS has about 1.74 million in money supply, compare this to QRK with 256 million, USD with 400 trillion, or some other with many billions, trillions, or BTC (12mil) LTC(25mil). PHS will not inflate by 50% simply because of lost coins and users not staking and of course exchanges, pools, etc who never stake and hold large %s of total supply. Unlike these other coins mentioned PHS is not controlled by miners but by minters who are more then welcome to change this specification at a later date if they so choose as well.

And don't take my word for it, simply look at previous days on explorer to see how many PHS get minted every day- the blockchain is open for all to see.