Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
BldSwtTrs
on 27/04/2014, 16:45:58 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)
Are you disputing the affirmation that value is derived from the usefulness of the network and therefore not from the cost of maintaining the network?

No. I had a long treatise concerning this as my first post in the thread.

I dispute that the network can sustainably gain any value if the currency unit is created out of thin air.
PoS doesn't involve by itself creating new currency units.
Everybody imagine that should be the case because everybody are reasoning within the PoW paradigm which make necessary to create new units. But a PoS network can work fine without creating new units (see NXT and soon Bitshares X, or any brick and mortar corporation).