Quote from: YarkoL on May 20, 2016, 01:36:02 PM

Quote from: freshman777 on May 20, 2016, 12:15:48 PM

Distribution of hashing power requires capital investment and so tends to centralize. Capital investments to issue proof of stake coins that keep wealth re-distributed are negligible.

What do you mean by centralization? Concentration of ownership of
means of production?

Both cannot be accepted by populace.

Quote from: YarkoL on May 20, 2016, 01:36:02 PM

It is a moot point at best, since we have a multiplicity of
cryptocoins that can be mined with consumer-grade equipment. Your
critique makes sense only in the context of Bitcoin maximalism. But
you yourself already invoked the altcoin environment with its many
opportunities.

As for PoS, the difference is only of a degree, since significant returns
can be obtained only by heavy investment. And any perceived
differences in the fairness of the two schemes are, I am afraid, offset by
the flaws in the fundamentals of current PoS implementations.

Again, local communities don't have a good reason to invest in existing popular ledgers, they can issue their own POS scrip for local trade. Globally traded cryptocoins will be used but not at the extent some on this forum like to imagine, dreaming about trillions of dollars volume taking over the world is utter nonsense.

Quote from: r0ach on May 20, 2016, 01:32:04 PM

you Eth shills

I still don't own 1 Eth and don't create threads on Eth.
I advocate for POS viability and utility in general and don't dismiss POW either by the way. Compared to you, I'm trying to be open-minded and receptive of various ideas.