Post
Topic
Board Altcoin Discussion
Re: Proof-of-stake can never scale without blowing up, because PoS isn't trustless
by
joe 90
on 13/07/2016, 23:35:35 UTC
Also instant distributions (ICOs and coin drops) are antithetical to developing a critical mass and a successful coin (Ethereum avoided this by adding PoW mining distribution to follow their ICO).

Probably not. The amount of PoW distribution in Ethereum is quite small compared to the ICO. The "initial distribution" effects discussed at the above link are dominated by the ICO.



Vitalik reserved an obscene amount of coins out of the premine for himself. He dumped a quarter of his stash but still dominates the rich list. Whatever POW whales own is nothing compared to what he still owns. Moreover, I doubt any of the ICO buyers own as many coins as Vitalik still has. The "initial distribution" effects  are dominated by Vitalik's stash.