It might refuse to dive, but that doesnât mean anything. It was the first POS currency and some people hold it for various reasons, mostly sentimental reasons (something like you are doing with Nu. I hope it is sentimental and not that you actually hope that Nu will go back to 1$). They might be waiting for another pump etc. Many people might still be holding because they can mint every now and then without having to run a node all the time. Also donât forget that you it is listed in BTC-e and they might keep the prices artificially high. Being on such an exchange for so long is what is keeping Peercoin there. They might have had a lot of peercoins themselves and are either unloading slowly or are preparing for a minipump.
Everything I said was this one sentence? I was talking about this specific model that is full of flaws. What about the rest that I said about your stupid project? Peercoin doesnât even have to develop that much. Open source is opensource. Take Blackcoin/NXT/NEM/Vericoin and put them into Peercoin. Peercoin devs had 2 years to do that and they havenât done it yet. Chaning the POS algo on a coin isnât rocket science! Casper might change things when it comes out, Tendermind might be better overall, but the current state of POS is poor. DPoS is the only one that is currently out perfoming the rest and even BitFury acknowledges that.
There is a reason why POS coins havenât gained traction and that is that they have more flaws than POW coins. So what you said doesnât have a base. Big money, isnât stupid money. Peercoinâs cap was once massive, you forgot about that? Do you think that there are many people out there, who really know what they are doing, that would put their money in projects like Nu and Peercoin?
