4) PoS can be used as a financial weapon. If you look at HBN from another angle, its pretty much a High-Yield Investment Program.
If Goldman Sachs came out today and announced a Scrypt-based "digital bond" paying out 100% annually, they would create a billion dollar market overnight. You would get every heavy hitter dumping money into that bond just for a chance to double up.
Exactly. What happens when all tech stocks and real world companies are replaced by nothing but Goldman Sachs, financial vehicle, proof of stake coins? The world collapses. This is obviously not a sustainable model. When government gets involved making Bitcoin laws, they're either going to come down on proof of stake coins hard, or they will have the same relationship how Wall Street currently exists, to enrich insiders and screw over everyone else.
"Interest" is not really something I want to see survive in the Bitcoin protocol's future. The idea of trying to replicate the current, broken financial system is outrageous.
I obviously don't see how this could be used as a "financial weapon" or even know what a financial weapon looks like. But I think PoS is a more efficient way to mine new coins than GPUs electricity addict and heat producing mechanism.
Plus why is "interest" or yield so bad? I think it has it's use in some markets. How is deflation any better? today you buy some bread for 1$, and down the road, your bread cost you 50 cents because of deflation. Wouldn't you want to wait to buy your bread so you could buy 2 instead of 1? How can you have a sustainable business model based on deflation?
Can the "ideal" world, if it exist, be a a mix of both inflationist and deflationist currencies? I can see an HBN type of currency witch would be used as some sort of "savings" account or whatever the financial term is for that and another more "day to day" currency to buy other types of goods.
Life is complexe and I don't think there is any ONE good solution. And what is really broken about our financial system is that it is closed and reserved to insiders... but with this new cryptocurrency wave... everything opens up and is accessible to you, me and everyone out there. And the more we put effort in sharing and building better systems TOGETHER, I REALLY don't see how only "insiders" would benefit from this. Since the merely concept of insiders can't exist if everything is "open source" and public.