flobdeth: that's just more buzzwords. Still not satisfied.
POS is the end of UTC.
The last pump and dump before its end.
I really liked this coin and I thought it had a future right there next to DRK, VTC and BC.
But I guess the developers have other plans.
Can you maybe deliver some arguments to substantiate your theory instead of just throwing buzzwords, please?
History of all other POS coins that have all been pumped and dumped into oblivion.
The most successful alternative coins to litecoin are those that champion different algorithms.
Making ULT POS basically makes it abandon the algorithm market. It's strong point was the scrypt-jane algo.
Maybe, I'm not sure about how things will sort out (to be honest: I do not have any experience with the price-related development of other coins which went into full PoS). What I'd like to know is: what concretely makes PoS worse? I read here that transactions might take longer as an argument, but the counter-argument was that the transaction times were well considered in this decision. So, who's right now?
Also: how many coins are in circulation right now? If I remember correctly, 100kk coins were initially to be released over the period of 1 year (is that correct?), plus the PoS, of course. Now that the supply is being cut way earlier, is there any way to find out what the current total supply is?
And the argument that noone is willing to let his coins sleep in his wallet to support PoS/network: at least I setup a dedicated box which runs my wallet 24/7. I'm not sure about others but I don't think that lots of people would relinquish the interest, as well as I totally cannot imagine that there's so many people letting their coins sit on exchanges over a longer period of time.
And even if that is the case, I could imagine that the exchanges' wallets do have coin control features enabled, so maybe they also support the network (not sure about the amount of movement in exchange wallets in general, so it's just a guess).
If anyone wants to prove me wrong, please do so. At the moment, I'm here to understand the benefits and/or risks of going full PoS, so any arguments (besides "clusterfuck") are highly appreciated.
.edit: grammar
+1..
is flobdeths post deleted? If thats the case, when are you guys going to stop the censorship? Even though i didnt like the negativity, things arent going to get more positive by censoring...