- snip: quote above where I specifically addressed profits several times since they are critical
Since the only point in question was a matter of profits, I was curious why you decided to rant further in this thread. Then I remembered having asked a question about your feelings about PoW mining. Of course I won't quote the entire thread here, but you answered it nicely here.
- snip: incomplete quote from a different thread which is pretty unrelated.
I'm struggling mightily to see any point to (or sense in) your post here.
I also don't remember your asking my feelings about PoW. In a nutshell I like proof-of-work fine, but like anything it needs to be implemented fairly carefully to optimize it's usefulness.
PoS is a different matter (to the limited extent that I understand it since I've not studied it at all.) I see little benefit in a monetary system to having the ability to make the rules by virtue of having the most money. That's pretty similar to and no improvement over our current fiat systems IMHO and it's brought us a lot of troubles. There are probably some corner cases (besides scam-coins) where it makes sense economically but I cannot think of any off-hand.