RE: $20 DASH for Everyone Who Helps Someone Open #FirstDashWallet

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$20 DASH for Everyone Who Helps Someone Open #FirstDashWallet

in bitcoin •  8 years ago 

What are the total number of coins? The price of each individual coin doesnt matter the percentage of total coins you own is what matters. If you own 1 21millionth of the total supply thats equivalent to owning one bitcoin

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8 years ago by

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      ·  8 years ago 

    Great analogy. I found this article from Feb. on the coin
    http://www.digitalcurrencyalliance.com/altcoin-news/zeitcoin-pos-go-ultra-low-inflation/

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        ·  8 years ago 

      The biggest question with POS is how do we know there is proper distribution? If someone owns 50% of the coins they could already be completely controlling the network.

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          ·  8 years ago 

        I don't see it that way, for me, POS just means more owners to the network and less centralization.

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            ·  8 years ago 

          But a big whale who sold all his coins a long time ago has the power to create blocks quickly and rewrite history to regain his holdings

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              ·  8 years ago 

            True. I also trust people and believe in karma ☺️ 😊

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                ·  8 years ago 

              The whole point of bitcoin was to have a trustless system! If you can trust people why even use a cryptocurreny!

              I also believe in the inherent goodness of every person but that doesnt mean I'll let anyone have the keys to my house or the password to my bank account

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