Some POS thoughts

in cryptocurrency •  7 years ago 

why invest in anything that doesn't stake? the answer is that you can also get returns from rising price.

but aren't there plenty of POS coins that can also go up in value? $lux has 50% roi staking, why not invest in that instead of something that doesn't stake?

also monkey ($monk) is going insane still, $20 a token from $2 just a few weeks ago. roi is ridiculous, 650% for normal blocks, and 1850% / 3650% for super and ultra blocks (super is 1/5 and ultra 1/10 IIRC, "random", based on what number the block ends with). i'm having a bit of trouble justifying holding much of anything besides $monk at least short term. maybe it crashes, but MNs coming and solid project generally.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This post has received a 1.85 % upvote from @boomerang thanks to: @crypto-ramble