As I write this - the highly inflating Proof of Stake (PoS) B3coin - is the new talk in alt coins. Why? To put simply, the implementation of Proof of Burn (PoB) may soon be introduced into the coin. When? We are not sure yet. What does this mean? Gradually after 4-5 years the max supply will be approximately 25 million B3coin, rather than the current billions. This will drive up the price and the potential to become recognised in the meantime by new investors who can buy early. It really does bring an all new meaning to the term HODL, as time passes the coin will inevitably increase in price.
B3coin will be one of the very first, if not already, the first to implement PoB. So, what is PoB. It takes some time to get your head around the concept. However, instead of writing in my own words I found a forum which explained it quite simply, https://bitcoin.stackexchange.com/questions/50525/how-does-proof-of-burn-work.
As a community, we want your vote on whether or not you want this idea to go forward, http://www.strawpoll.me/14264268, your vote is greatly appreciated to help us decide the future of this coin.
This will hold rise to many questions one that can be answered in due time. Some FAQ already include:
Will this affect Masternode capabilities at block 82k?
When will PoB be implemented?
Will this alter the PoS rewards before block 80k? etc.
Although I have no answers for these questions, I just want to finish in saying that this post was purposed purely to spread the word of B3coin, I believe the future just became much brighter. The roadmap is already promising with the implementation of Segwit, new and improved wallets to support B3 core updates and more, including my favourite, the production of a decentralised exchange!
If you're leaving with questions, drop past the discord group, https://discordapp.com/invite/ARpuv79.
Also, have a look at the current B3coin website which will soon be revamped, http://b3coin.net.
Thank you, for your post, I understand the PoB much better. Whatever additions to the roadmap of B3coin would be great, however, I truly hope that the stakers who are holding out benefit the most (not pointedly meaning the masternode carrot).
Ultimately, I vote for whatever raises the coin price sooner than later.
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I completely agree, the dev team seems to be working overtime as well, bringing out announcements sooner rather than later. Im really proud with my investment in B3!
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