Back in the days (which means ie 4 years ago) there were two types of coins mostly - the ones using PoW (Proof of Work) which is mining and ones with Proof of Stake - staking.
To stake means to move coins to wallet from exchange and then keep wallet open. The coins will try staking and this way will grow.
The first coin that i recall that staked was PPC - Peercoin. Its still alive but you need a really big stake to get anything there.
The first coins i was staking a lot was HBN and just lately i re-runned my wallet with really a little coins (sold most when it was 10x more expensive) and started staking.
Just with 200 coins i was capable of doubling that to 400.
The coin is not worth much but oh the memories.. priceless!
I doubt this coin will rise but it just reminds me of this and i know many readers of mine are new to crypto so wanted to explain this a bit.
Here is another coin that has PoS (it also has Masternodes like DASH but its not about that) is EXCL.
It mines 0.5 EXCL per block.
Its actually trading good now and we have it even on Bitshares - OpenLedger.
So mostly all this coins work the same, just have different stake options and such. You buy them, put to wallet, keep it open and await money.
Here are some other PoS coins that you may wanna check:
- RDD
- BLK
- DMD
- HYPER
- CLAMS
- NVC
Worth to note, Ethereum is going to change its mining to PoS in the future, but we have no date yet.
Next time i will write about masternode coins, to mine with masternode its more expensive but its also a good form withotu buying ASICs.
Know other PoS coins? Leave them in comments, esp with your stake screens :)
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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today i found a Crypto Signals app it's good and also ads free you can try
https://play.google.com/store/apps/details?id=com.cryptosignals
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great find, i will check it out!
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Trusted 2014 - 2017
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You should check out BitConnect token staking, here is a link to a great tutorial--
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Thanks for sharing this, did not yet saw, I'll give it a try.
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Yo ,
Very interesting read, Thanks you for sharing it!
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Hypnotic!
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that's how things look like in 4 dimensions!
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I think this is a great opporunity for everyone to double their coins, but this needs a good computer to run multiple wallets on it.
Good Luck everyone
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Yes I agree @coinlend, thank you @kingscrown
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increasing your money for free means you are taking resources from those who do real labor to create them.
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It is not free, because the holder is staking, and that is the "real labor" according to pos guidelines. Hence the "(almost)" in the title.
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no its not. Having money isn't labor, that's stupid.
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Stupid is, as stupid does.
Why the mentioning of money? The author didn't mention that term or word you are referring to. How are you defining that word? The word "money" is abstract and has biblical origins directly synonymous with "gods" whom your profile name claims to deny. What money is, or is not, is irrelevant to this article.
Once again, it's not free because; ACCORDING TO PROOF OF STAKE GUIDELINES aka the system set forth by the authors of the token requires a computer to be functioning and ready to complete and verify a circuit. If you don't like the rules then don't play the game.
My intention is not to insult or say that you are wrong; or to defend pos tokens. It is, however, to question the terms and presuppositions this article seems to have attached to it with some.
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capital, sorry just trying to use terms you people understand lmao
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Think of it like an investment or like a savings account at a bank. You deposit a bunch of money and over time, it grows. That's the basic concept of POS coins.
The more you buy, the bigger the investment and hence more money in your pocket. When you buy more, it raises the price of the coin and therefore those early adopters get a higher ROI. So on and so forth.
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resources have to come from somewhere. That extra money comes from the labor of the workers
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It's a similar concept with nodes on other POS coins as well. Those who manage the nodes, are investing money on servers and get a share of the profits
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So I did some research and as it turns out, money on steemit doesn't come out of thin air. There are those who actually manage the nodes (and get a certain percentage of the block rewards) so technically speaking, you could consider them the miners who are managing this blockchain..... Hope that makes sense....
I don't get what workers you're talking about over here. If by workers you mean those who manage the nodes then yes. They have volunteered for this and get paid for it with a certain percentage of each block's rewards. They are also investing their time, energy and money and we can be considered the employees of this firm where we produce content and get paid for our work
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it's somewhat like if you were to lend your money to someone, they use it to make profits and give you a % of the profits. You can't access those funds without losing your stake from there on in, you deserve to get rewarded for that.
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"you deserve to get rewarded for that."
so you deserve what somebody produces because they do not have the resources to take stuff from others themselves? So let me guess, you support hitler? You support the system that causes 20 million to die a year from poverty in the name of fairness?
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That escalated quickly. You know that Steemit relies on staking right? The algorithm is somewhat more democratic since it is delgated proof of stake, but the whales still hold enormous power and can decide who gets to stake. There are other algorithms out there that we can debate the merits of, but why are we talking about Hitler?
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"somewhat more democratic"
as democratic as a guy with a gun saying he is right commanding others because he has a better weapon
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Why are you supporting Steemit with your time and energy if you fundamentally oppose the system that underpins it? Are you going to call Dan a fascist next? You act like you have all the answers and the rest of us are lucky to have your insights to set us straight. Remind you of anyone?
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"but why are we talking about Hitler?"
ruling class is ruling class, dictator is dictator. I am showing you how your procapitalist propaganda applies to capitalists people don't like too
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I'm confused...... are you referring to Hitler as a capitalist that "people don't like too"?
If so, history 101: Hitler was a Nazi, which is a German abbreviation for Nationalsozialists, or National Socialist. Socialism is almost the exact opposite of capitalism, let alone Nationalism.
Just to clarify.
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"That escalated quickly. "
no. I am telling you the effects your preferred system is having today. If you think it escalated quickly you were deluding yourself.
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quite interesting! So you don't believe in savings? how do you explain savings?
saving =collection of labor surpluses.
as labour has value=money
saving =collection of values(money)
if there is no incentive to hold values(staking) then wouldn't the value itself lose value
and money would be just a paper?
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savings is keeping value you created for the future. Investment on the other hand is taking resources from others (profit) without doing labor yourself. In other words it is slavery.
"if there is no incentive to hold values(staking) then wouldn't the value itself lose value"
true value how much socially necessary labor it takes to create an object. I don't care about the price of stupid coins.
"and money would be just a paper?"
That's all it is right now, we just pretend it has value.
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If you don't care about the price of stupid coins, then why are you entering a discussion on an article about cryptocurrencies?
I read all of your comments and wonder if you just want to argue.
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"Investment on the other hand is taking resources from others (profit) without doing labor yourself. In other words it is slavery."
Incorrect. Investment is risking capital. The terms of how investors are rewarded for taking that risk is measured as rate of return or ROI. A person or entity holding a significant stake in crypto is taking a risk. PoS ensures that people participating in the system have a proven stake in the system this ensures that the actions they take will be in the best interest of the system.
Debt is a form of bondage (slavery if you prefer) it is a contract to repay what was borrowed with interest to account for risk and opportunity costs that the investor bears.
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"Incorrect. Investment is risking capital"
on average capitalism must make profit, or it will literally collapse. So its like saying a casino risks all their money because they are gambling.
"PoS ensures that people participating in the system have a proven stake in the system this ensures that the actions they take will be in the best interest of the system."
Is upvotig yourself the best interest of the system?
also I really don't care how currency is used, I'm talking about capital.
"Debt is a form of bondage (slavery if you prefer) it is a contract to repay what was borrowed with interest to account for risk and opportunity costs that the investor bears."
When a person has no choice in life but to borrow money, college, a house, a car, or even food can put him into that position. It is mass slavery and there is no way to justify it.
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"Is upvotig yourself the best interest of the system?"
I am new here and have no idea how upvoting works. I will say that the incentive of people participating in a system need to aligned with the best interest of that system or that system can not be trusted. That is as true for a crypto-currency as it is for the voting system of a representative republic.
"When a person has no choice in life but to borrow money, college, a house, a car, or even food can put him into that position. It is mass slavery and there is no way to justify it."
So everyone is entitled to a house they didn't build, a car they didn't pay for and food they didn't grow just because they were born? That is a very childish and ignorant view. There is no incentive for anyone to INVEST their time (yes time is an investment) to produce any of those things unless there is a direct benefit to them. Stop with the nonsense.
There is no capitalism today, it's oligarchy, socialism and fascism paraded around as capitalism. IT IS A LIE.
Everyone should be angry; we've been cheated, lied to and enslaved. Plantations and slave owners are gone but the US has become the plantation with globalist slave owners. Our lives and the lives of our children have been sold to globalists and banks who rob everyone through inflation and deflation all while creating war and division between countries, races and religions.
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Would not that all be an utopian fantasy....have not we gone too far already?
is it not accepted values in our current interpretation of free market democracy?
( you may question the integrity of free market)
That
We are constantly manufactured to be competative and greedy, furthermore, being greedy is encouraged,as a result,casino definately florish, Overconsumption lead to overproduction that generates even more debt, more debt= more necessities - more necessities bring up more invention. And we are constantly competing in the name of individul freedom.
greed and debt are the foundation that generate our necessities & creativity.
Quantitative easing , print money out of thin air, currency devalue, crypto arise ...we definately evolving regardless...i guess crypto is the best answer to mould conventional model of free market into more accepted method.
Main point: staking is necessary to preserve our current acceptance of free market values, incentives are the rule of the game... cryptos are here to survive and cant affort to be radical altogether.
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http://anticapitalismfaq.com/
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@leesmoketree I recommend that you enter https://goo.gl/d4ZFjk you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!
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Not if the 'money' isn't backed by 'real labor'! However, I see your point with interest bearing money, this is an endemic problem in our present currency! If you're interested I designed a new currency that addresses this issue along with 'depressions', wealth inequality, basic income, all in new currency!
Challenging the Old Money Gods (Including Bitcoin)! A New Crypto-Currency for a New Society!
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Interesting story you got there rieki. What's your end goal? to replace old money?
Follow me @Yehey
Thank you.
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look my post about waves is leasing coin
https://steemit.com/cryptocurrency/@superpako/waves-plataform-and-lease-cryptocurrency
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Well, to redesignate money to its place as a medium of exchange, and not an all-powerful store of value. It's what's driving our conversion of our world into money. While we're at it we can design a money that suits a lot more of our collective needs as well... So essentially yes, replace old money...
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value is backed in real labor and money is a measure of value
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Only if the value of money was derived that way, but it in reality, it isn't.
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Money is a store of value m8. You need something to measure value in to trade objects effectively
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Money as a store of value is the opposite as money as a medium of exchange (trade objects effectively). They are opposing forces, and one of the main drivers of capitalism...
There are at least 9 other highly viable forms of capital as stores of value, outside of money.
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"Money as a store of value is the opposite as money as a medium of exchange "
last I checked to be a good medium of exchange it has to be considered a measurement of value
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Measurement != store.
You can measure and exchange value with money (in fact that was the main purpose of money, to begin with) it wasn't until later (with gold, etc) that money evolved to being a store of value... It evolved further to be able to seek economic rents (interest) of that value as well. All of these are in addition to, the medium of exchange. They are separate functions, not inherent.
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Time = money - which is your labour; I get what you are saying - how to apportion value to something you can't see or touch? That's why I think the cryptos that retain value will be the ones that do something tangible.....provide a service, etc. and have differentiation.....Ripple is being investigated for adoption by the banking sector; Dash is an Apple pick; Lisk provides a service and enables the functionality of further cryptos, etc. Ultimately, cryptos that survive will have to have functionality, otherwise why bother?? And I get what you are saying about the measure - that's why I think eventually, crypto might resurrect the gold standard as a measure of value....as opposed to the value of a service....Bitcoin is valuable for what it allows - the digital exchange, but also the brand has established trust.
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what? That makes no sense.
Labor is the only real measure of value is what I'm saying.
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From my economics text book (coauthored by Ben Bernanke):
"Store of Value
As a store of value, money is a way of holding wealth. An extreme example is a miser who keeps his life's savings in cash under his mattress. But even someone who spends his cash wages 15 minutes after is using money as a store of value for that short period.
In most cases only money functions as a medium of exchange or a unit of account, but any asset-for example, stocks, bonds, or real estate- can be a store of value. AS these other types of assets normally pay the holder a higher return than money does, why do people use more as a store of value? The answer is that money's usefulness as a medium of exchange makes it worthwhile to hold, even though its return is relatively low."
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Value is set by the price people are willing to pay for a product and not by the amount of work done or hours worked.
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No. The labor theory of value is better, because that measures what it takes to produce an object. The true value of an object lies in the amount of socially necessary labor it takes to create it.
You are thinking of the price, not the value.
This explains it well:
https://www.marxists.org/archive/marx/works/1847/wage-labour/
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" designed a new currency that addresses this issue"
wow you designed a currency called the destruction of capitalism?
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Well, ya... I mean, that is the point... Destruction, however, is not my goal. Building a vastly superior alternative to capitalism is. Being such a dominant force in our world transitions don't happen all at once, this is designed to transition away to a new model, it's built right into it...
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ah yes I forgot that the rich people are fine with a peaceful economic transition away from capitalism and won't just stop it at all costs, including through the use of violence. I totally forgot that mass murders of millions and millions of these anti-captialists never happened. I totally forgot what happened when chile elected a socialist. I guess it is possible
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For sure, some people are in a different position and feel the use of violence is best suited to meet their needs. It may very well be, I'm not the one to say. However, you are correct, I am not in that position. In fact economically speaking I would have a lot to lose by fully implementing the system I propose. But, that's just economic loss, on near every other qualitative measure for joy and happiness I would gain. Which is why I chose a transition. I don't have to resort to violence because I'm designing a new life without the need to do so. I am fortunate to have that ability, and this design can help others who aren't so fortunate a financial position as well. I spent 6 years in the military carrying out violence, it is not something I wish to ever do again.
Further, I'm against capitalism just as much as I'm against state run socialism or any form of communism we've seen employed. In fact it would be fair to say there hasn't been a single system implemented in living memory (at least in our dominant culture) that I would ever wish to be a part of. So, by advocating against capitalism I'm not by default advocating for any other typical system...
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' I spent 6 years in the military carrying out violence,"
there is a difference. The violence you carried out was mainly against people who had done nothing wrong, as the tool of the rich. There are two ways to stop the military. Asking politely and destroying it. How many people do you think begged for their lives before a military killed them and their families? How many people do you think never even had a chance to because of drone strikes?
You could not stop hitler by asking nicely. The economy of Chile could not change to the peaceful will of the majority. Same in Venezuela today.
https://espressostalinist.com/u-s-imperialism-page/
Do you know how many millions of peaceful communists, anarchists, mutualists, and socialists where slaughtered by governments? This was all done to keep capitalism in place. Do you know how many unions were broken up by killing? 20 million or so die of poverty a year, and I'm sure the majority would prevent that peacefully if it could, but that hasn't happened yet and it never will.
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"For sure, some people are in a different position and feel the use of violence is best suited to meet their needs."
let me guess, you think asking politely would stop hitler?
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I'm not interested in stopping Hitler... I would be more interested in speaking with his army and demonstrating to them a better life that could be lived so they didn't carry on with his orders. That is where my efforts are best spent. It you feel like your efforts are best spent in violence. Then, by all means, carry on. Sounds like we have different approaches to solving our problems. There is by no means a one-size-fits-all solution here.
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Further, I chose to create a life that, to me, seemed pragmatic and obtainable. Which is why It's a transition. Because that can, and is, something that creates a solution immediately while striving towards larger goals. People have been seeking the demise of capitalism for the last century at least. How well did they do?
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All money in crypto was invested by people who worked for it. Some do well some lose it all, making money off of other's labor isn't even a factor...
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"All money in crypto was invested by people who worked for it."
wrong actually. Profit can't exist without taking others resources through force. The majority of money that has gone into bitcoin is from the capitalist class or the labor aristocrat.
https://www.marxists.org/archive/marx/works/1847/wage-labour/
That book explains it well
"making money off of other's labor isn't even a factor"
its just moving around money. As the price of the market increases more people invest. Once it goes mainstream they will be profiting off of the work of the majority without doing any themselves. Mining is an example of this. Currently you are making money off of investors who hope to do just that.
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Staking needs computer and electricity, to pay for computer and electricity you need to labor to pay for it!
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Yes you do, but not necessarily your labor. You could easily make enough from staking to pay for the electricity. The labor then comes from those paying for the coins, which more often then not comes from another type of investor. One that invests in capital. This profit from capital directly comes from the worker. If not it still comes from a worker who paid for the coin with his own labor, unlike you who paid for it in electricity bought through others labor.
If you do not make enough staking to pay for all of the electricity you are considered petit bourgeoisie. (I guess you are losing money but it still is capital, oh well)
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Well I can't get anything from staking until I purchase some with my own labor as you said here:
"...it still comes from a worker who paid for the coin with his own labor..."
It's not that those workers give me free coins and then I stake on top of it.
Also how much staking do you think coins like Peercoin gives? its 1% yearly, so for example if you have 100 coins in your wallet and you have it open all the time you're getting 1 coin in one year which in usd amounts to $2. do you think that pays for my electricity in one year?
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"Well I can't get anything from staking until I purchase some with my own labor as you said here:"
or the majority of your money could have come from capital investment, which is where the profit made on crypto comes from ultimately. So it doesn't matter if you originally bought it with your own money, its like saying you bought a slave with your own money so you deserve what it produces.
"Also how much staking do you think coins like Peercoin gives? its 1% yearly, so for example if you have 100 coins in your wallet and you have it open all the time you're getting 1 coin in one year which in usd amounts to $2. do you think that pays for my electricity in one year?"
Then that makes you a petit bourgeoisie, I already explained that.
The reason it isn't profitable is because you can't put enough of your own labor to reach that point. Try stealing somebody elses, any competitive business can't survive without it.
(The one in a million person able to scrap together enough to enter the territory of the free ride through life will be very lucky. Making it look like its possible gives everyone hope, which causes them to work harder, giving the rich a bigger profit and a lower likeliness of a revolt.)
"It's not that those workers give me free coins and then I stake on top of it."
Yes fine whatever you can believe that, but just because you have resources doesn't mean you deserve other peoples resources.
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You didn't answer my questions! then you just want to argue for the sake of it.
And not everything is labor...the real money is earth resources
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the only way to access resources is through labor. Labor is needed to do literally anything, it is the only thing tied to everything we do.
The real value of an object is how much socially necessary labor it takes to obtain it.
more on that here
https://en.wikipedia.org/wiki/Labor_theory_of_value
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what happens when hypothetically everything is done by robots and the generations after generations over thousands years who made us to this point (that everything is done by robots) are all dead and there's no way to reward them?
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what do you think about SolarCoin? you get coins if you create 1MW of electricity.
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I don't care. This electricity is most likely created through solar panels that were manufactured by others' labor for profit for a member of the ruling class. Again, you are buying the means of production and claiming profits for yourself. This will then compound, giving you even more access to the labor of others allowing you to increase your power exponentially until you have a monopoly or are crushed.
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So what are you proposing? Should we go back to farm and each of us produce our own foods? Or should I create my own solar panel because some people maybe are being taking advantage of in the society? Things are so complicated and intertwined in this world that no one can't easily say: "Yes that's the correct way to do this". We know at least one thing that the system of paper and fiat money that invented by bankers is a form of slavery. That's why crypto-currencies finally came into play. But things take times to get fairly distributed and that get reset to a new system.
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@anarchyhasnogods I recommend that you enter https://goo.gl/d4ZFjk you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!
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can you not
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Thank for the explanation..
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I am so honoured to be the first to mention these:
Syndicate (SYNX) - Masternode and staking coin - need 5000SYNX for Masternode - i have 2000SYNX right now staking only and earning 5-10SYNX per day.
Arctic Coin - (ARC) - Masternode and cheap! 1000ARC needed - 100% return per year.
Golem (still in alpha) - Collective supercomputer allows you to rent your processing power for ETH.
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Any thoughts on Particl?
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Nice way to make some passive income
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I think masternodes are better than pos but dont have enough crypto to make either one worthwhile
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PIVX is another great coin to stake, they have the best community among all cryptocurrencies that I've seen, by far!
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RDD is really cool. CLAMS can grow too like this spring!
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You're missing the best one right now, NEO. Might want to get you some while it's still cheap, the GAS is already in the 20's.
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wow, that's a good one!
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Yeah I agree. A lot of my friends have shared similar experiences on investing in NEO and loving it as well as the GAS returning strong profits.
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does that GAS have anything to do with Ethereums gas?
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Nope, totally separate blockchain and technology. You store your NEO in a wallet and it automatically generates GAS which is needed to fuel transactions on the network.
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No
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meep
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PART - Particl is a good PoS(v3+) for passive income. Plus being a token holder makes you a governor on the platform. The dev team has some things in the works that other teams don't and that will give stakers more income.
-- Sellers pay fees to list which goes to stakers. Extra income on top of block transaction rewards.
-- PART owners govern the direction of the platform, can vote on item listings deemed "illegal"
-- PART is the fuel on the marketplace. Any coin will be able to be used but it's shifted into PART to complete the transaction.
-- More secure than "unlock for staking"
-- Works with multi-sig to allow single node to be a cold staking wallet and another node to be able to spend the coins.
The #particl platform is really decentralized too if you look at the extraction numbers on CryptoID explorer: https://chainz.cryptoid.info/part/#!extraction
I mean, look at that pie chart!
Supply inflation numbers:
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thank you for this informative comment
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BCC - I like this coin - it is controversial but still it has a blockchain and staking looks like on the picture
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The trick is to find a coin that earns interest at a faster rate than the value depreciates against btc. Otherwise you will be better off just holding btc.
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that's right
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@grizgal I recommend that you enter https://goo.gl/d4ZFjk you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!
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Nice post!
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What does that mean "keep your wallet open" ?
Does the wallet have to be online 24/7 ?
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To be staking, yes. Also, the longer you keep it open, the more network connections your "node" makes within the network (the more you have, the better the odds of a sooner stake, unless I'm mistaken.)
The 24/7 is one reason I try to migrate wallets to a raspberry Pi 3. It only draws 4 watts or so of power and it takes up so little space on my desk. The downside is that I have teach myself linux, including commands and trouble-shooting.
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Thank you very much for the explanation, that is what i wanted to know.
I am getting into rasperry slowly now as well.
Another idea would be to rent a server on which the wallet is open. But the raspberry version should cost less in the end.
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Need more ETH. Hoping price will go down a bit.
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ARK, VRC, DOPE, PIVX, DCR going forward OMG, TFL (dividends from the games).
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You forgot NEO! Earn GAS :)
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Ahh the good ol days....i remember building rigs every week. I can still remember the smell of the first time i blew a circuit in my house by running a vacuum cleaner.
3 rigs with 4 GPUs each + vacuum cleaning at the same time= sadness
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@kingscrown I have both a ION and DASH masternode and both have been very profitable for me and provide a very stable recurring monthly income.
Right now ION masternode actually provides the better return monthly based on startup costs.
Here are 2 sites that help me see details better http://ion.nodes4u.com/
http://masternode.pro/
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This post received a 1.5% upvote from @randowhale thanks to @kingscrown! For more information, click here!
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Not exactly PoS but WCX Tokens will entitle the holder to their stake-weighted share of revenues from the WCX digital currency exchange. You can get 50 here: https://wcex.co/?ref=JKZNcXp that will be worth $5 but will generate you BTC, ETH, etc. just by holding them.
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woah nice to see u in here talking about proof of stake coins! Steemit helps people learn about crypoto faster than any other "forum" out there! reddit crypto currebncy forums sucks u cant talk about whatever u want and you dont get anyonehaving ANY incentive to tell u abouit cool stuff ! noone has ANY incentive or reason to make apost like @kingscrown did here to educate the masses! steemiT DOES have incentive to become a teacher! All teaching for even school for children should all be done on steemit from now on! hoemwork getting u paid!
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@ackza I recommend that you enter https://goo.gl/d4ZFjk you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!
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ok cool i signed uop under ur link!
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Cryptocurrency coin are like girlfriend when it changes no buddy now's
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crypto currency is like a girlfriend, totally unpredictable behaviour.
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Great article
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You've fully ignored NEO which is probably one of the best future coins out there and with excellent payouts on GAS
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so u get GAS from staking NEO? is that the same GAS as ethereum?!?!?!?! is that how NEO and Ethereum are connected via both being smart contract related cryptocurrencies?
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http://www.bitcoininsider.org/article/4927/neos-gas-vs-ethereums-gas
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Thanks for the tips! Resteemed!
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I still don't understand the purpose of PoS but i do like the idea of "free" money!
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Here you go:
It's basically using your wallet (and PC) to perform transaction confirmations on the network, sort of like the function of mining, except there is incentive to hold coins (which helps stabilize the price, because there are that many fewer coins being traded ((which in turn means less opportunities on exchanges for prices to go up and down.)))
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@ricecakeonfire, Thanks for this, POS is a lot clearer to me now!
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Thanks for sharing🌞 good trip down memory lane😊
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steem will eat at social media like bitcoin eats away at fiat
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Always good to see your post because I learn something and thank you for sharing, upped. Wish you a blessed weekend.
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You should check out BitConnect token staking, here is a link to a great tutorial
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Out of curiosity, is there any reason you did not mention Peercoin?
It was launched in 2012 as ppcoin with a trading symbol PPC
It was renamed Peercoin and known today that way.
That code was the invention of Proof-of-Stake on the blockchain that many of the coins you mentioned have forked their source from (which is Peercoin)
Peercoin is alive and well. It's currently 0.5.4 but soon to be released 0.6
The chain is stable. There's lots of value stored in the chain, and it is very popular with most major exchanges.
It is weird to talk about PoS coins and not mention Peercoin.
For a reference, in Dec 2016 Peercoin was trading at 0.23 on Dec 31st.
Today, it is trading at $1.69
In less than a year, the value has jumped huge. Give it another year, it will probably jump huge again.
Is it simply because you are not familiar with Peercoin, or ?
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Maybe it was edited afterwards, but Peercoin is the first one he mentions...
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I see it now. I must have missed it.
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Wow, @kingscrown, Do you do crypto tutorials for the beginners at YouTube? If yes, I would like to Subscribe and start learning from you. Resteemed!
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This post received a 5% vote by @minnowsupport courtesy of @kingscrown from the Minnow Support Project ( @minnowsupport ). Join us in Discord.
Upvoting this comment will help support @minnowsupport.
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SPRTS
COXST
LIR
GPU
ARCO
AMBER
RBT
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Congratulations @kingscrown! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
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how many types of cryptocurrency available in the market.,
Amazed to know...
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This post recieved a vote from @minnowpond. For more information click https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond
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🤘👉 @apvlog
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Is it worth it to Stake Neo for Gas? it doesn't seem like much money
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PoS is indeed a great way, how about ICO and lending ?
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Get some SolarCoin. It's another POS Coin.
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Can you tell me which wallet version you are using hence the one ive got doesnt want to download the blockchain
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LDOGE (LiteDoge) is PoS:
Step 1. Buy some LDOGE
Step 2 Download Wallet, Set password and Unlock for staking
Step 3 Transfer $LDOGE to your new wallet address and wait 8 hours (501 confirms)
Step 4. STAKE ON woof and receive block rewards
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Do you have any advices on upcoming coins from the ICO available right now?
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https://steemit.com/money/@dobartim/prediction-of-the-crypto-currency-market-by-october-1-2017
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thanks, but i think Dimecoin and Yocoin are just garbage
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Better to do this than invest in hyip which 100% closes after pooling a lot of investors.
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Amazing post on steemit
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it has huge potential never knew about this coin before !!
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bitconnect has proof of stake wallet! Also Piecoin and a bunch of other @trevonjb recommended coins! hes all about Staking coins now!
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You can stake STRAT, right? I just tried the other day after reading your mining guide (failed miserably with CPU), but they offered me only 1 more STRAT in a year so I gave up :D
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Great info. thanks for sharing it.
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So nice bro go ahead
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Nice
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nice post
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I know that BRO (Bitradio) is a proof of stake coin, but I've yet to receive a reward from it. I think you have to have quite a few of the coins for you to expect frequent rewards.
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Nice trick
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Informative !
Thanks for sharing and many many thanks for your effort @kingscrown !
👍👍👍
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Proof of Stake coins have been blowing up recently
I've been trying to accumulate more of them
Thanks for the suggestions @kingscrown
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If you are considering getting into mining I suggest your reconsider and buy tokens on the market instead. I explained why in this post.
Bitcoin future uncertain - cryptocurrency mining is OBSOLETE!
https://steemit.com/bitcoin/@slavix/message-to-all-mining-is-obsolete
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nice post....
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going to statecoin
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Great info
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keep up the good work!
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Always full of info my one true king @kingscrown ...always learning from the master...tks for sharing this
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I've done well staking with these:
HYP - HYPERSTAKE is undervalued (original developer passed away but has been taken over by a PIVX developer).
PIVX - Incredible team with lots going for it
BITB - Rebranding soon to BEAN and possibly the easiest of the 3 to stake.
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Thank you for sharing the good information, Upvote and i follow you! :)
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What do you see happening when Ethereum changes to PoS? How big of an impact will it be?
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im not quite good with numbers but all i know you gain something in return... and that's small percentage i think its not bad... i mean less hardwork with a chance of high profit in return.....
free to follow guys ill follow you back tnx..
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Thanks @kingscrown for this information this will hepls me to know some other cryptocurrencies also.
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Equitrader EQT is starting POS as of today for 30% annual gains. They are the Etoro of the crypto world.
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Its a awesome incentive to hodl coins, make more and make profit hold term.
Thanks for the info
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nice post
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two others that could be work staking: stratis and dope
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There is better future for cryptocurrencies , Bitcoin is doing really good now a days and Ethereum may perform well in the near future, I think so.
Nice post , Thanks for the share..
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thanks for the new lesson :)
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@kingscrown, great article about PoS cryptocurrencies.
Even without all of the other great information, it would have been worth it to me just to find out the Ethereum is moving towards PoS. Interesting!
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Thanks for sharing this...............
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Nice Post! My favorite POS coins are DMD, RAIN, RENOS, XWC, HYP.
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https://steemit.com/money/@dobartim/prediction-of-the-crypto-currency-market-by-october-1-2017
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Thanks for sharing the news. Ill have to follow up with that information to understand it better. So what I am hearing is that some cryptocurrencies are paying a sprt of dividends that get reinvested into itself? Is that correct?
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Wonderful blog! I share and upvoted.
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Thank you for the information .. this is good news .. hopefully many who ngevoted you .. follow me maybe we can be friends well
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Good information to learn
Double up our coin. I think i have to try this one
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CLOAK coin is also proof of stake. 5 million circulating without much volume. Really hoping this meets parity with Monero in the coming year as crypto goes mainstream.
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But isn't a year way too long for cryptocurrency? I mean, you may buy 100 coins on PoS, wait for a year and have 120 coins, right? but in a year, your coin can have much less value since there is a new coin almost every day... PoW is still somehow better in this, you get your investments back sooner... Although I realize PoW is bad for enviroment etc.
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I love you all and love your publications. You are heroes in my opinion. I want to be like you I would appreciate it if you followed me and you liked my publications😍😍😍😍
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Thank bro for your info.
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I love you all and love your publications. You are heroes in my opinion. I want to be like you I would appreciate it if you followed me and you liked my publications😍😍😍😍
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Btc,eth,ltc..Now wouldnt bring riches.Even if btc reaches 10k, portfolio only doubles.
I always believe in holding alts too and yes trading to btc once a while.
Doubling down on neo(~got in ~$5) was probably the best one but only next to ripple(got in ~$0.02,now doesnt seem to be so awesome, but still love it as it gave the max roi yet based on the time i got in) ...Also waiting for ♨️teem to moon. Theu say end of the year to $10. I hate powering down.lol
Will def check out the coins you mentioned and glad to connect maye😎
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Hello, good post I'm new to steemit give me your vote
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For an investor, something like NEO is even better than PoS because you don't even have to actively stake! Just hold them in the wallet. Saves me the hassle of keeping a computer online non stop!
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RISE is a Delegated Proof of Stake coin which allows you to earn additional coins by voting for delegates.
Here are some details if anyone is interested:
RISE DPoS
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Very informative post. Thanks for sharing!
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Pos is much more enviroment friendly. Btc and etc mining together are consuming more electricity than most countries...
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NEO is probably the biggest one for me at ~ 6% interest rate. Really good considering the bank is only giving 0.1% here.
Sadly the exchanges don't give the GAS payout at the moment, so if you want it, you got to manage it yourself.
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Nice post
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Good post
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I bought RDD and it has been dropping ever since, I dont know if it is going to rise again. Anyway, I bought very little usd of it.
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Helpful info. Ethereum got to take a bold step...
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