Quote from: neofelis on June 10, 2014, 11:33:38 PM

NXT is 100% Proof of Stake and seems to me to be a good protocol. Sure the initial investors will be gozillionaires (so are the bitcoin early adopters), but eventually all those coins will be relatively evenly distributed if there are enough people involved in the network. Even hoarders will eventually succumb to the lure of high prices and sell their coins for either goods/services or fiat. The price will fall temporarily and people will scoop up cheap coins and there will be a more even distribution. Plus, the whole electricity savings thing, I think, will be a big issue in the future. Sadly, right now, you have to be pretty rich to afford mining..

Besides the additional security concerns with NXT and PoS I don't see how the direction will move to a more egalitarian distribution model. Centralization of mining I believe is merely temporary(Asic space heaters and hot water heaters may be a great future to recycle all that wasted heat. ) Bitcoin and Nxt both have finite supplies and when most of the btc is mined all those miners will have to depend upon transaction fees for profit just like in NXT forging. The difference between the two is that with bitcoin their are high maintenance(electricity and equip) costs; profits from transaction fees are linear and competitive with new entrants adopting new technology everyday. With NXT you can effortlessly scoop up most the transaction fees with no competition further securing your dominance. Large bag holders from nxt may eventually be able to hold onto their initial investment and use the "interest" from transaction fees as spending money.

This is further exacerbated with crypto currencies because a portion of those anonymous investors will choose to not pay taxes thus aren't subject to progressive policies of wealth redistribution as we see with fiat.