POSW - What Went Wrong?

poos

Nothing going wrong, it just pumped way too fast because everyone loved the idea behind it. 1 million market cap is pretty attractive now. If the developers just came back with more updates and promises, it would be a solid buy.

>inb4 shill
i dont own any, but i wont fault if you buy now

>>2582387
>new management
and you would know it's new management because it would be some less anonymous pradeep?

>>2582387
Fucking Pajeets thats what went wrong

>>2582414

so the dev team?

>>2582421

I don't think it's fair to say only the pump was responsible-- the delisting of PIVX along with many other currencies and the decision to switch to a focus on making POSW a currency instead of a staking project seem like they destroyed investor confidence.

Do you think if it was relaunched with a new team and refocused it could get back on its feet?

asking for a friend. ;)

>>2582426

I'm talking in a scenario when the former dev team exits the stage completely and completely new folks took over the project with a rebrand.

>>2582447
probably. People are literally reviving dead 2014 coins right now with great success.

>>2582470
This to me is ridiculous though and not a good thing.

People are bringing literal shit out of the ashes again. This could be headed for a disaster.

>>2582512
>taking an old idea that had potential and updating with new tech and improving the core it was built around
>preventing more and more coins to be created; stopping over saturation
idk, sounds good if you ask me

>>2582534
>>2582512

I think a big change that one could make is removing POSW as a unit from exchange, which sets it on a negative trajectory, and instead drastically scaling back the available amount of the coin itself so it essentially represents a share of ownership in the profits of the site-- keeping it's dividend function for those who hold it.

It'll take a whole new team and some capital but it seems very doable.

bunch of i4-idots at the wheel. dumped lossleftovers from posw into espers weeks ago.

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8KB, 219x187px

>promising service

it was just another backwater crap exchange with a staking pool

every single goddamn coin can be staked in its own wallet, safely and without the change of the exchange going down or you being unable to retrieve them

i feel no pity for whoever bought into this, it was doomed from the start

>>2582685

so do you think it could be successful without them at the wheel? even after all this time there's nobody doing it out there.

>>2582700

So cut the backwater exchange and keep it as a simple online wallet staking service, adding masternode shares.

Not everybody wants to maintain a 24/7 active device to stake/masternode and they don't trust themselves to do so securely.

Same reason people use My Ether Wallet

Bump, looking for a little more feedback.

too nice

>>2582387

> Implying it failed

I'm still holding, staking, will be rich while all weak hands wonder why they never make money. PoSW 2.0 will drive this price to a dollar. Cap this if you don't believe me, faggots.

>>2582387
Combination of pajeet team (the people who brought you BitBean!) and the false promises of other exchanges adopting a coin that would competitively threaten them.

/thread

>>2583057

what'd you say about me mum m8?

>>2583071

POSW 2.0 is centered around POSW being adopted as more of a currency. Considering the very crowded space for this, I'm not sure what would lead to POSW being widely adopted as an exchange of value.

They've only sold 16% of their hardware wallets that have been up for ICO for 2 months.

>>2583117

Okay, so it seems like if you removed the team and the exchange element, that's going to remove most concerns

Holding 3,000 coins. I only spent about 300 bucks so no big deal.