Post
Topic
Board Announcements (Altcoins)
Re: [MOON] Mooncoin 🌙 built in 2013 with the future in mind
by
Abiky
on 13/10/2021, 01:13:42 UTC
In the moment the only thing I have to say is that I agree with Mooncoin Fellowship terms and conditions and that I am adhered to the proposals, all for the permanence of Mooncoin decentralized and mineable, with strong network. I never accept hybryd or stake Mooncoin.

Staking Mooncoin is like giving your money to the bankers. Believe me, Proof of Work is far more decentralized than any other consensus algorithm known to date. It's no wonder why Bitcoin is still a PoW coin, when most altcoins are switching to PoS (cough, cough....Ethereum). I can imagine how disastrous PoS would be to Bitcoin or even Mooncoin in the long run, as whales will be able to control the Blockchain at will. Remember what happened with the STEEM/HIVE dilemma? TRON's Justin Sun planned to take over the network by encouraging exchanges to vote against the hard fork with staked users' funds. This resulted in honest witnesses (validators) being left out of the game, eventually losing access to their hard-earned money. That's why Mooncoin will never switch to PoS no matter how good its proponents claim it to be.

What's important is that Mooncoin stays true to its roots by being as decentralized and censorship-resistant as possible. It's not about hype or how much money you'll make within a short amount of time. Instead, Mooncoin is all about providing utility to the crypto/Blockchain space. As long as MOON is useful, nothing else matters. I'm sure the community will strongly reject any attempts to make Mooncoin a PoS cryptocurrency.  Wink