I haven't studied this. Is Ethereum going the Dash masternode or Bitshares DPoS route of the rich get richer and usership disappears?
[comparing PoS designs]
PoS can't redistribute from HODLers to users. Users drive the economy. HODLers strangle it.
However, PoW in its current incarnations can't redistribute either, due to economies-of-scale in mining such as ASICs and
cheap electricity.
Proof-of-share can't distribute shares of the money supply to those who do not already have some of the money supply. Proof-of-share is thus not a debasement power-law flattening (recycling) distribution compatible scheme, although neither is proof-of-work once it is dominated by ASICs. Without recycling of the power-law distribution, velocity-of-money suffers unless debt-driven booms are employed and then government becomes a political expediency to "redistribute from the rich to the poor" (which is then gamed by the rich and periodic class/world warfare). Proof-of-share suffers from conflating coin ownership with mining, thus if not all coin owners are equally incentivized to participate in mining, then the rich control the mining. A coin owner with a holding that is only worth less than his toenail, isn't going to bother with using his share to mine. Thus proof-of-share is very incompatible with the direction towards micro-transactions and micro-shares. Any attempt to correct this by weighting smaller shares more, can then be gamed by the rich who can split their shares into micro-shares. Ideally debasement should be distributed to an asset that users control but the rich can't profitably obtain.
Good point. Yeah we don't want 'cash' in the name of the juice that can drive the web. It should be something users generate for free from mining and web activity and don't even know it.
Hey! He's an artist.
What is hilarious is that so many people don't realize I am taking on Google and advertising as a model for the web. Do these dolts think users want these fucking ads on their Youtubes.
I am quite ecstatic that no one seems to grasp the "killer app" which is right under their nose and I have even explained it yesterday, but still I assume readers don't have a clue. Which is perfect. I am smirking from ear-to-ear that there are so many marketing dunces on this forum who think netcodes is a poor name. When they get their ass handed to them in the marketplace, it is going to be so sweet the taste of seeing them realize they've been PWN3D.