Re: ║ANN║GRID║GridBit║ Decentralized Grid Storage ║ Launching soon! ║ X13 POW + POS!

i feel stupid for not getting this but why on earth do people collect a coin for 5 days .. and then decide to sell it as fast as possible.

at least ATTEMPT to support the coin for a full month it will improve everyone earning , every new coin has a chance to be a scam coin however with this attitude we are ruining good coins and hurting our chances of good revenue in the process.

miners are the plague. They don't care about anything but paying their electricity bills and returning investments made to buy the hardware. Coin developers should get rid of POW completely and distribute coins through ICO or some kind of cool giveaways.

If that's the case the the DEV's get the seigniorage, not the miners.

why would you want to feed miners who do nothing for the coin? dev is the one who's developing the coin and if we feed the dev thers at least a chance tha coin will some day become useful.

How do you want to feed the developers?

If you follow his logic, the i'd bet he's happy letting these banking families like the Rothschilds or Roccafella's print our 'PRIVATE' money out of fresh air too. Grin

my logic is simple - instead of giving money to miners (who will spend it to pay electricity bills and do nothing good for the coin) rather invest money to the ICO and fund the development process. Any development must be funded. There is no way any good C++ engineer will work for free. How do you think its going to work? Do you people hope that some awesome developer will have nothing better to do then work for free in order to make you bastards rich?

Now you are showing your true color. Please, go launch ICO coins, who has stopped you?

I am not a developer, but I do invest in ICO.

Could somebody explain how do miners help POS coins now? How does buying hash on nicehash helps the coin? Wouldn't it be logical to give the money to the dev instead and fund coin development?

You cry when dev runs off with the money, but why don't you cry when you pay for nicehash since the result is excactly the same as if dev would run off with the coins? Money that you pay for the nicehash are gone to pay electricity bills. How can it possibly help the coin?

We are in the business of mining or investing.I also invest in IPO/ICO. In business you can have either profit or loss. But when you loose everything due to a scam it's not a normal business loss but it's due to con or criminal activity.

As far as strengthening the network of a coin as a miner is concerned i am not a technical geek but as per my knowledge more hash means fast block chain movement and fast transactions. This is the reason POS coins have very slow transaction time and speed. (Please,correct me if i am wrong)

You are mistaken. PoS coins are as fast as PoW coins. This is why there is no need in miners for PoS coins. Most coins now have a short PoW phase just to initially distribute coins. Then miners are supposed to hold these coins and help them grow, support them. Instead they just dump em as soon as the coin is added to the exchange where investors like me will buy em. But I see absolutely no reason to pay miners, I would rather give my money to the developer and have a hope that he'll actually do something worthy of the coin. If I have to pay miners I have no hope what so ever since miners do not care about the coins they mine

then go give the money to devs, there is currently 20 ipo's you sure think it's better that one person takes the money instead of all of us mining/renting and more people sharing the wealth, so just go buy into ipo's(which are the real scams whether you buy them or dev from himself (free coins) then selling it to you bellow ipo price it's still profit to him)