Quote from: porcupine87 on March 16, 2014, 07:00:16 PM

Quote from: Baleinium on March 16, 2014, 06:39:57 PM

Quote from: mellomike on March 16, 2014, 06:35:47 PM

Quote from: porcupine87 on March 16, 2014, 06:30:24 PM

I don't really get what this pool does when there is only POS?

It mines alt coins ... buys BTC with the alt coins .. then Buys BC with the BTC. So it's feeding sold BC back into the stake holder's hands while increasing the value of BC.

This is the most inovative mining idea I've ever seen! Do you know when the pool will be up and running again?

ah cool. But what is so innovative about that? This is just one step further to a normal mutlipool like middlecoin...

Normally mining contributes to pushing the price down, because multipools usually sell their coins at the lowest price. This means that for the price to stabilize there has to be at least as many new buyers buying up the new coins. What the BC guys are doing is the opposite; they have created a pool that will buy the coins up which will help to drive the price up by increasing demand. Furthermore it will greatly increase volume which will make the coin more interesting for exchanges to add.