Post
Topic
Board Altcoin Discussion
Re: altcoins are all dead
by
anyone4u
on 20/03/2014, 02:00:00 UTC
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.  
POS coins are all I go into, and I believe in the concept as a hard conservative. The reason society hasn't bought into socialistic money principals is because it is really hard to "Believe" when you deposit money into a savings account and get .01% interest a year. It's just plain bullshit.
meanwhile, they can loan .07 from your original .01 deposit. Then they can charge you interest depending on your credit score, or simply say "nope can't loan to you because of your credit score". its a rigged system, did they actually ask you why your score was that bad or whatever and then offer assistance such as job finding for you so you could get the loan you might need? nope....