Post
Topic
Board Announcements (Altcoins)
Re: [2014 FLAGSHIP ALT] *EarthCoin* EAC +1 Community, +1 Exec Team, +1 Best Talent
by
testbitcoiner
on 20/03/2014, 15:59:12 UTC
and again:

if you worry about money supply, it is strikingly dishonest to keep avoiding the fact that POW creates 400% inflation this year alone.

then focusing on POS as too much supply? ridiculous.

also: why 'secondary'. just stop POW and switch to POS completely. we DO NOT NEED MINERS. they are just parasites as long as they instantly sell.
and every miner will sell, cause of a 6 weeks slide that can only end in 1 sat.

if a miner tells you he does not sell, he is lying. cause power costs are so high, people have to pay the bills.
miners NEED to sell.

so unless you can explain why 400% inflation through continuing POW is good,
yet stopping POW, or severely reducing it to a fraction of what it is now, the 20% money supply increase through POS is suddenly bad