Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available
by
hotdk
on 05/07/2014, 08:10:27 UTC
If Doge would change to PoS it would be a real unique coin. It probably would be the only coin with unlimited number of coins in an environment of unlimited number of PoS coins.
https://bitcointalk.org/index.php?topic=674029.0;topicseen  

Nice sarcasm.  Coming from the guy that said PoW is "backed" by energy (who obviously has no clue what "backed" even means, https://bitcointalk.org/index.php?topic=361813.msg7624335#msg7624335), I think we should take our chances changing it to a PoS coin.  If we change it right now, somehow I have a feeling 85 billion coins (with hopefully a low inflation rate) is going to sound a whole lot better than 100 billion + 5 billion every year.  And I love your definition of "unlimited" by the way.  I guess there must be different levels of inifinity.  So if 85 billion is infinity, PoW dogecoin with 100 billion + 5 billion a year must mean infinity + 20 billion? is that how your math works?

Way to further make up/exaggerate things.  You are ALMOST at the level of Lynn when it comes to making ignorant statements (the difference between you and him? at least you TRY to make yourself sound smart), and that is pretty sad.

My reason to change to PoS is POW is too expansive and wast of money. as the litecoin's price lower and lower and the ASIC's can't be improve Efficiency. You will see this soon: Miner A dig 1M dogecoin a day, and he need pay 0.95M to electric fee; Miner B dig 1 M dogecoin a day too, but he need to pay 1.01M to electric( Because his electric company is expansive than A). Then miner B have to stop the equipment or sell the equipment to the miner who can get cheaper electric. Miner A is survive,but anyway he have to pay 0.95M to electric.  5B new dogecoin a year? 4B will be exchanged to USD to pay electric fee at least. Power company pumping USD out of the market every year. It need to be avoid.

PoS is expansive too if 5B a year. But at least it could atrack people to deposit money to dogecoin to make the system run.

My Opinion: to run a system, the cheaper the better. Too many cost will ruin the system itself.