...Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?
jeez man, what youve just posted is EXACTLY what we've been shouting for months. The difference is that your ASICs depreciate, consume lots of power, and require maintenance
That's right. With Bitcoin early miners have their ASIC equipment depreciate. Furthermore, to keep up with the mining they have to consume power, do maintenance and acquire new rigs.
With 100% proof of stake, the big holders just sits there forging coin without any real costs.
He does not do any mainetance, he is not required to add new investments, he just sits on his hoard and acquires new coins.
Did I miss something here?
much easier than bitcoin mining, right? and imagine how dirty filthy stinking RICH these people are going to be when transparent mining REALLY kicks in to allow 1000s of transactions per second, and NXT spreads wide...
just imagine.
or heres a thought: instead of just imagining, you can risk your $ like everyone else here has and get your own hoard.