Quote from: nexern on March 07, 2016, 12:18:21 PM

pow isn't bad in general but a monetary based incentive model doesn't work. it may on the paper, in theory
but you have to deal with humans here and they have totally different demands (mostly accumulation driven).
i mean, is there really any doubt that this model already lead into a very unhealthy centralization?

Absolutely there is doubt. There are what 15 million bitcoins worth of doubt. Most of the value of PoS coins also is also based on that doubt as well, as PoW is the underlying creation of the tokens which are then staked. I see no signs of unhealthy centralization as of yet, though this doesn't mean we shouldn't be concerned it could happen in the future and consider how to avoid / be ready.

Quote

perhaps for those denying reality, granted, but assuming this centralization is the case you have to accept
that pow is much, much more vulnerable by bad actors than other models.

What are these attacks on PoW coins which you refer? Curious.

Quote

taking this into account you can ask yourself now what gives you more confidence for a multi-billion
ecosystem. pos, where an attacker has to reveal his intention by positioning building* to get the majority
thru a very expensive asymptotically nearing or a handfull powerlines driven by an even smaller number
of miners?

*silent positioning building is pretty hard, even in traditional markets, where most parts of the books
are closed but in crypto this much harder since most data is visible and many tracking tools already
looking exactly for those kind of pattern.

Show me some tracking tools that could figure out that one person had control of any amount of hashpower or stakepower. If they don't choose to reveal anything about the keys they control, we know nothing.

Quote

well, for me this is a no-brainer. sad how things are evolved but i would bet the probability an attacker
could get the control on pos by buying old gen keys is magnitude smaller than satoshi is heavily pissed off
how things are going and therefore switching his 1mio btc stash into ethereum.

lol! well certainly this is true if the coin has a max_depth_reorg parameter.