Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
rpietila
on 27/04/2014, 15:21:28 UTC
What about the DPR seized coins?  Perhaps these should be redistributed for the "greater good" too?

Since PoS schemes aim to create value out of nothing (cf. alchemy), surely they can decide to exclude whatever entities from the nothing ahem. value distribution if they want. There is no social contract that forces the creators to give shares to anybody. Most altcoins only give shares to the creators themselves and exclude all the others.

If we are aiming to have another social engineering fiat experiment, do as you wish and don't be surprised if nobody wants to hold your paper except (max) at gunpoint, as is the case with national fiats.