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.
Yes. Thank you Risto. It is clear to me that PoS is Fiat 2.0, but I think a lot of others here haven't had that epiphany yet.
I actually hope SlipperySlope proceeds with his bit
shares experiment. It will be very interesting to see the dynamics that unfold. If bitcoin holders believe in PoS, they should trade out of bitcoin and into SlipperySlope's bit
shares as they could profit immensely should bit
shares become dominant. On the other hand, if they are wrong, then they will transfer some of their wealth to bitcoin holders. SlipperySlope's experiment will give PoS supporters a chance to "put their money where their mouth is."