Quote from: r0ach on February 04, 2014, 02:20:59 AM

My proposal maintains normal proof of work, but allows you to run it 24/7, on a single core with little power use. People would leave it running all the time because they wouldn't want to miss out on any block reward while they're out of the house doing something. There would be little reason to turn it off when you're only using a single CPU core, so the network distribution would be bullet proof, light years ahead of BTC. Once you build an encrypted messaging client on top of that, it would really be something.

Also, if you can use PoW without power consumption issues, there's no reason to use PoS. It just brings unneeded complexity and annoyance.

it is your PoW bringing unneeded complexity. PPC might be complicated I give you that (an hybrid mess) but 100% PoS is actually the easiest solution as it doesn't bring the PoW hardware issues in the equation.
lets say everyone in the world is given just one unique wallet and everyone for fairness gets awarded 100 starting coins on genesis block .
with PoS all people would need to do to "mine" the transactions and keep the system secure is be connected. that's all. from a mobile phone or whatever. like seeding on bittorrent.
it's all done through stake comparisons.
obviously you cannot expect big returns...as most people will be connected most of the time to the network (expecially as the network will not just be "money" but packed with features or even a new decentralized internet) .....so you can only expect "profits" comparable to a saving account (3-4% yearly) at best.
to actually earn a living and increase your stash you will have to work (yes real work lol), commerce etc. you need to forget about mining as a job.
the sooner the cryptocurrency gets rid of the hardware based miner problem the sooner we will get to the ideal decentralized sustainable and fair crypto.