Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *15 Exchanges
by
blueangel01
on 02/03/2014, 08:25:33 UTC
Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.
With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?

Only 28% of total coins will be produced in this initial stage. 50 Billion have yet to be produced through minting. I disagree with you that everyone will save their coins. We don't live in a world of "savers," in fact quite the opposite is true. New coins will enter the market constantly. These are just my opinions, we will have to wait and see what happens. Right now it's cheap to speculate, so I would suggest doing so..up to you though.

So if no one could not wait for the 20 days minting, no additional coins will be created?