This is part of POS that I’m uncomfortable with, not having to buy up a ‘huge’ supply, but having to buy up any supply at all. It forces people to use traditional banks and/or exchanges to acquire NIM instead of earning it through mining. I’m concerned that it might limit wider distribution and adoption.
Mulling it over some, im not sure you can sell iou's without that being considered a derivative. �would that fall into some kind of futures definition? �that'd be a no-no for us the way that yobit did it. �