Quote from: Stealthcoin on November 14, 2014, 02:27:59 PM

Quote from: djm34 on November 14, 2014, 02:06:48 PM

Quote from: Stealthcoin on November 14, 2014, 01:53:47 PM

Quote from: Daedelus on November 14, 2014, 01:49:26 PM

So you would accept that going from owning 1% of a coin today, then 0.9% in a year and ~0.5% in 5 years is good for long term value?

Inflation effects everyone at the same rate, it doesn't matter how much you hold.

This is why PoS is so great. If you hold long enough your coins you will always end up in with the same value but with more coins.

But why would you be rewarded for not using a currency ?
The point in any currency is that it can be used, traded against other things.
If your money is just stuck into your wallet forever it has no intrinsic value.
Hence if you want a currency which is valuable there must be enough of it so it can become a mean of exchange.

That's the whole contradiction of crypto... people don't want currencies they want stock options...

Why would you reward miners ? They just sell and give you a less uptrend.

Same crap with miners they only cry how bad PoS is but never thought how bad PoW really is. Make some math and look how it will look in the future for Bitcoin. Its Grim.

(was reading your next post and still laughing... why are you making this thread about for or against PoS ? Grin

)

But hey lets play... First of: any successful PoS coin ? Blackcoin may-be... how do you get BC ? From mining on a multipool (or from the initial distribution through mining) Grin

Any successfull real PoS only (without multipool): NO ! Why ? Because the coin is just sitting in the wallet of a few user not doing anything and since nothing happens to the coin... everybody just lose interest and the coin its value.

I was very interested in the PoS with free distribution at the beginning of the year ans was a supporter of Community Coin, but lets admit it didn't go anywhere. Bagholder just sit on their coin expecting it gains value (but since every bagholder do that... the coin doesn't gain any value... obviously Grin

)

So you don't like miner, but the role of the miner is
1: to secure the network and being rewarded for doing it
2: to distribute the coin by selling it... (yeah yeah I understand that's what you don't like).
And actually depending how well the coin sell, how it gets hyped or else, it acquires a value which reflects its adoption by the (or a) community.

So how does get distributed a PoS coin only ? (Giveaway... well does not work) or IPO with only the dev coin deciding the value of the coin based absolutely on nothing except his own greed...

But I think this has absolutely nothing to do with inflation (since you can make PoS with n% inflation in the same way as in PoW)