Post
Topic
Board Altcoin Discussion
Re: Best PoS coin to invest in?
by
Lauda
on 25/08/2014, 15:56:38 UTC
Total supply : 1,000,000 -> 40% -> 1,400,000
Person A: Holds 100,000 coins -> 40% -> 140,000
From 10% to 10 %
Person B: Holds 1,000 coins -> 40% -> 1,400
From 1% to 1%

The same.
Minting is retarded but it works : some people really believe they get richer from inflation.
That's why central banks use massive inflation.

Well, the price doesn't necessarily have to go down.
Person A: 40 000 Bitcoin earned from stake -> 20 000 000$ (assuming $500 per btc - unless inflation killed it along the way)
Person B: 400 Bitcoin from stake -> 200 000$  (I'm taking Bitcoin as an example; obviously bitcoin is not POS)
How isn't this making the rich richer?The percentage of their holdings remains the same indeed. (I didn't even think of that)