Quote from: thejaytiesto on May 17, 2017, 05:53:08 PM

Quote from: balu2 on May 13, 2014, 02:36:50 AM

POS-coins are more like exclusive circles of traders while pow is open for everybody even later in the game.

How is this even the case? How can you jump in the mining game in bitcoin anymore? it's centralized in china for a long time so im just wondering how it's possible in your mind to get started with mining in 2017, that's ridiculous.

At the end of the day, in both POS and POW, it's the same, you need to invest millions to have a say in the mining game.

Traditional banks have been more like more like exclusive circles of traders " since there inception. They pay interest on your deposit. Dont see why anybody finds the idea unpalatable.