Quote from: mikesbmw on March 03, 2014, 03:03:45 PM

Quote from: tokyopotato on March 03, 2014, 02:56:28 PM

Quote from: mikesbmw on March 03, 2014, 02:45:33 PM

I wonder if it's going to be a solid coin.

It's nice that all the tech is a-okay and that this coin will be POS in 2 weeks, but in the mean time you have the miners dumping the sh*t out of this coin. I wonder what is left after the POW has ended. Let's hope it will regain some value, but who knows?

20% interest sounds nice, unless you bought in at 39 (like I have) and the coin stays in the lower twenties...

I have only POS crypto's, with mainly NXT and some MINT (and stakes at NEM and eXo). All for different reasons.

We are working towards a long-term development that is branded and works well for people new to cryptos who don't want to setup miners in order to get the benefits of mining.

Instead of mining, everyone holding will be minting, and they will help secure the network.

Cheers.

I know what POS is and how it works, but my problem is about the mining phase.

There must be people with tens of millions MINT and then there are those like me (don't feel sorry, because this was an sidestep for me and I only have 0.9btc worth), who have far less. From a distribution point-of-view that doesn't really look to good. You end up with the same whales and a lot of people with very small amounts (the ones that don't mine but buy).

I'm really curious how this coin will develop (or not) in the next 2-4 weeks.

Yes, we are going to be doing giveaways and bounties in order to spread to those who did not have the opportunity to mine it or get in early.

Everyone is welcome to buy in right now the price is very low.

The beauty of the PoS is that the people with the most amount of coins have the most to gain by giving those coins away as bounties for the coin development.