Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XC][OFFICIAL] PoS/Privacy
by
therightmintality
on 18/07/2014, 02:34:31 UTC
My opinion, among many parity features of XC vs. DRK there is one, 'instamine' that intrinsic to XC, and not intrinsic to DRK. People's psychology does not accept unjust feature such as 'instamine'. You may contradict with 'stake' feature. But to stake coins, one need buy them first, buying is not so psychologically comfortable, as minig on the equipment you already possess.

So I call on Dan to return the mining feature, and let XC be PoW coin again, at least 50% PoW, 50% PoS.




You forget that, for investors, one of the central features of XC is that its money supply is not being continually diluted by mining.

So no, we're not bringing back mining.



If there was even a hint of something like that I would dump my thousands in a heartbeat....and it would not only be me either. The coin price be under 80K in short order.

+1,  If you want to read why this is a horrible idea, click on my username and read my post about dilution...  Mining coins until 2050 is an ill fated strategy and will not succeed.  Take any investible asset and continue to add shares to the mix the price will eventually be walking up the down escalator...  

Well, PoS also adds coins to the mix.

They do, and it is small amount, but still attractive.  This is similar to a dividend being paid on a traditional investments share which does not cause dilution. The difference being one coin has a small amount being added to the mix which may not even be greater than the projected coins that are typically lost on a yearly basis, and one still has >75% of their coins still to mine...