Quote from: Conqueror on May 13, 2014, 05:21:41 AM

Quote from: balu2 on May 13, 2014, 02:36:50 AM

These days it is the hype of pos-coins. I thought a thread is needed to show the advantages of POW over POS.
I prefer pow-coins for a number of reasons. Those are:

-POW gives everybody the opportunity to get in on a coin through mining. POS on the other hand favours early adopters. People who come late to the show have a serious disadvantage.
-For the above reason POW-coins are more widely distributed over a longer period of time.
-POW means the creation of coins is decetralized where many POS-coins are mined out within days and weeks which makes flashmining an even greater issue
-POW is time-tested
-POS means high inflation. Of course it is nice to get 100% interest on an asiacoin but that also means the coin is not scarce so its value will after the initial pumps probably decline while the high pos-interests last.

These are the main reasons i prefer POW-coins with a good reward-decrease over highly inflationary, even more experimental pos-coins as an investement.

Please stop thinking pos would be superior to pow which is not the case. POS just makes the rich ones richer while excluding people with no coins or not so much money as well as miners from accumulating the coin. POS-coins are more like exclusive circles of traders while pow is open for everybody even later in the game.

So really, i don't buy into the hype. I think anything over 2% or 3% interest a year is not a good investement even if i would be the one harvesting those interests.
Also decentralized moneycreation over a longer timeperiod is to prefer from an ethical standpoint over a flashming or ipo in the beginning and heavy whale-monopoly thereafter.

love to hear your opinion on the pow vs pos discussion.

Good points

i like pow coz i have a farming rig << well that is a better point

edit: anyway both are in experimental stage ea has their own advantages and disadvantages and ea have their own community / fan
like not all people have hash power or the ability to buy equipment for mining and cpu is almost obsolete to use cept for some coins that is only intended for cpu mining.