I think both of you bring up valid points (insults excluded).
I agree, Senj,
Price dropping until it is unprofitable to mine certainly sounds promising. But I see no large volume on Cryptsy or BTER since he took over. As long as he sits on so much mining power, he is able to control network.
And all the folks who quit mining now, made it possible for him to drop hashrate to just above 50%, which raised reward, made him richer and consequently he grows more in PoS power.
I am mining full time with 100% loss and intend to keep doing it. Unfortunately I only have a tiny portion of hashpower.
I haven't checked what happens to transactions now, but having them included in blocks can be considered an act of mercy.
What is happening here is not exploitation of chaintrust vulnerability - issue that Balthazar warned about (that renders whole system unusable anyway). This is simple resource domination.
Transition to PoS only would mean throwing away main yacoin feature. I would not have any incentive to participate in development afterwards. I am in only because of scrypt-jane. Perhaps if we can combine that ...
I was wondering if there could be a way to nudge/bribe/incentivize/... PoW miners to include PoS blocks that aren't theirs, into their chain? Somehow? Perhaps shortening the PoW reward delay period some amount for each PoS block that ain't from his/her IP address? Or some trickery like that??
But I also think there is a high possibility that yacoin is being run in the ground right now.
I am surprised how easily one person/group can destroy a crypto with pure mining power.
Ron