Wow, very very good points raised there...and to think I was semi interested in NXT. Now that interest is out the window...PoS coins are indeed crap.
Well that seals it. If darkota's not interested I definitely am
This thread is basically a load of b.s. written by posters who are clueless about both the analytics of monetary systems in general and - so it seems - crypto currencies in particular.
Firstly, if the argument is that POS is threatened by monopolies of buying power, then POW is even worse because it is threatened by monopolies of BOTH buying AND mining power.
Secondly, the POS implementation that NXT has is about as secure as any coin can get against 51%'s (in fact 90%) because of its ability to transparently disable the staking capacity of holdings which are not actively generating blocks. So that shows you how much of a clue darkota, in hist post above, has about NXT.
Thirdly, sure, active stakers earn interest, but if that's your best argument against an algo then I'm kind of about as impressed as if you'd told me that you didn't like it because it sounded too much like you had to have attended a barbecue
Fourthly, the criticism that POS coins aren't backed by anything ? Are you serious ? This is crypto. Try to convince an ordinary Joe that POW represents "backing" and you won't need to work for the rest of your life. ALL crypto is base money - not proxy money. Base money, by definition, does not have any backing.