Quote from: infofront on March 18, 2014, 02:01:33 AM

Quote from: solid12345 on March 18, 2014, 01:11:40 AM

Quote from: eddilicious on March 18, 2014, 12:36:08 AM

Quote from: Joshuar on March 17, 2014, 01:36:21 PM

What we need is PoS COINS. Not scrypt, Not Sha, Not anything besides PoS.

PoS= Proof of Stake, where No Mining is involved!

Those are the future of cryptocurrencies.

I am not buying this PoS concept. For one reason, human society does not favor socialism in the past. If you can get paid without effort, then nobody will end up working. If you want to succeed, you work harder than others. so far I am wrong with pos coins, they seems to be hold on longer than pow coins, but we will meet in the finish line. When satoshi create btc, he actually had an economic model in his mind(the distribution cycle is much better than mec or the rest), those pos, has nothing comparable.

Turning on your computer and running a script to mine for coins hardly meets the definition of labor, just saying...

Busting my ass at work everyday to pay my $550/mo electric bill, and pay for $1000s in hardware is labor.

No, it isn't, its called speculation, learn the difference.