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.
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...
it is not that only human beings can be a labor. one overheated gpu is a labor too.
an day you play CoD is a day you are not making a penny.
an outdated 386 with a POS client opening on the desktop waiting for new coins to rain does not count as a labor, because it can bearly do anything at all. And I can still open 10 client window on that 386, all waiting for new coin.
