Quote from: r0ach on September 30, 2015, 07:34:08 AM

Quote from: DecentralizeEconomics on September 30, 2015, 07:19:16 AM

rigable version of PoS which they termed DPoS

I guess I'll post my quote again below since you don't understand how standard PoS works. It's the same thing as DPoS, just less efficient, lower performance, more Rube Goldberg approach in implementation. PoW, PoS, and DPoS all use delegation and the act of voting for a delegate. Anyone who claims otherwise is flat out lying. If you dont believe me or dont get it, I dont have time to try to convince you, sorry:

Quote from: r0ach on September 29, 2015, 11:33:39 AM

For standard proof of stake, the end game stake scenario results in people having to pool or lease their stake, otherwise there's no point to stake at all. They're delegating their vote power to determine the longest chain to the pool owner. The act of doing so results in two things. First, you've recreated the centralization of PoW pool mining, where most of the blocks are being validated by a handful of people and one out of million being done by some random guy. Secondly, you've also recreated DPoS, just a less efficient, less decentralized way of doing so. Most blocks being signed by a few pools vs larger number of block validators in DPoS.

Stake leasing (centralization) isn't required in NXT's PoS. Delegation (centralization) is required in Bitshares DPoS. The centralization imposed upon Bitshares' users is deemed "necessary" and "an end game scenario" because of the flawed notion that you espouse that the cost of running a node is unaffordable to the masses. The reality of the situation is that the costs of running a PoS node is negligible and even more so if you are running a business that utilizes the platform. Being able to process 100ktps or even 1ktps on any crypto platform is total overkill at this stage in time. Bitshares is spinning this "DPoS centralization is necessary to increase tx speed" as an excuse to centralize forging away from the home user and into their grasp. At the time 1ktps or 100ktps is necessary, which will be years and years in the future, consumer grade, retail hardware will most likely be able to handle the load anyway, which will render their "DPoS centralization is necessary" mantra as null and void.

Quote from: testz on September 30, 2015, 07:39:56 AM

Quote from: DecentralizeEconomics on September 30, 2015, 07:19:16 AM

NXT was first to implement PoS as it's accepted today.
...

With all my respect to you as Nxt supporter, PoS was developed by SunnyKing in Peercoin, please don't try to mix everything into one big Nxt heap.
Nxt, BitShares and many others has different PoS implementation but all of them based at "Proof of Stake" idea.

Obviously, PoS started with Peercoin. There was a reason I ended the sentence with "as it's accepted today". You should and I know that Peercoin's PoS is inferior to NXT's PoS implementation.