I think PoS isn't secure (explained upthread) and if I am correct, you have similar risks then.
Your points stand and my points stand. Thanks for the discussion. Any way, we can have both. That is the point of this thread. Let the market decide.
I agree.
You might see security issued with PoS that I don't see, but you fail to see that there are security issues with PoW aswell. It's pointless to discuss which one is better on it's own, but a combination beats them both. That's something bitcoin will never be able to implement, even if there were no PoS rewards.
PoS is a way to get a decentralized "central authority" that validates a block chain. PoW will never be decentralized since only the strong have enough hashing power, on PoS everyone can participate and noone can be forced to stop doing it.
Your argument is invalid, since it basically says it's impossible to waste resources at all.
No.
Waste is where there is no return. Efficiency is output divided by input.
That's an akward definition of wasting.
If I have 2 ways to finish a job and one takes 1000 times the resources than the other it is wasteful to go with anything but the efficient method. We don't have unlimited energy so we have to use it efficiently.
People sending funds loose fees and interrest, but it's these people that need a safe and non reverseable network. Someone holding a wallet doesn't need that once it's in the blockchain. Why should someone else or all pay for them the efford to do the work.
You could try to rewrite this last paragraph so I can understand your point.
Once my funds are in the blockchain burried after a few 100 blocks I don't care about the network beeing safe and non reversable. It's expensive to keep it that way so people loosing the PoS rewards pay for that. Fees alone aren't enough in a late state. People rather loose profits than money, altough it's the very same.