Quote from: manfred on June 27, 2014, 07:05:45 AM

Proof of Stake coins have many issues here are some:

PoS is not backed by anything other than the belief there are worth anything and there will be an endless supply of PoS coins because one created today does not have a significant advantage over on created tomorrow, next week, next month.......
What currently is happening is new coins are created with PoW, mined for a week until a fixed number is reached and then change to PoS and then you can claim your stake at buying xyz coin. The only advantage a coin released today has over on made sometime in the future is; somebody already bought into it. The advantage quickly disappears if the new coin has a better catch phrase a flashier webpage or bigger marketing capital....
There is no end in sight for stake claimed coins and all promising x % return if you know a bit of programming you will have your very one coin too and everyone can buy into your claim based coin completely deluding the marked.
Its a barrel without bottom and once it clicks by the herd run for the hills if you own a stake.

With a PoS the richer get richer. Nothing more to add to it that's just how it is.

PoS is a technological dead end. Once the coin is released the only thing to do is "claim your stake" no research, no new capital outside the buy in, no evolving industry...

To 51% PoS is dead easy:
You start aggressively buying until you have 51% of a PoS coin, and then sell off your coins so that you no longer have 51%, but your history of having once owned 51% makes it possible to attack the network at any time in the future at next to no cost only some computing resources (and thus electricity costs, etc.).
As you once had a 51% stake, you can build a better blockchain than the other 49% can, starting from the point where you owned 51%. You develop this blockchain in secret, after you have sold off your coins (and profiting from it); and then release your secret blockchain to the world, and nodes will pick it up because it carries more stake than the 49% blockchain. Now not only do you have your profit from the original sales of the coin, you have your 51% back (to the extent that it's worth anything). Not all coins need to be in one address, in fact, doing so would prevent the attack in most PoS implementations.
There is no way of knowing if any PoS chain is already "dead", as it could have been done at any-time in the past.

PoW is backed by energy. There is no better backing than energy because everyone needs it, wants it and i will never have any problem selling it. To create a PoW coin you need x amount of energy and you can not cheat. The best you can hope for is to have a more efficient miner. Because the energy has been spent, the coin has a base value (many other things on top) and is a kind of a storage medium.

yes i can confirm that for you if you like, PoS as a concept inside a crypto design is DOA, to all intents and purposes.

however "PoS" in the form of p2p lending is is probably the future of a new economic model, that same system and an evolution of crowd funding.

- Re "NXT" please take two things into account:

1. there will always be some suckers
2. you can't know how much is just the original holder sloshing it back and forth amongst themselves (because they IPO'd it to themselves) , i like to tell childlike and naive people that if it literally cost nothing and they own it all, what is the cost to trade it back and forth? - so you can't know how many people have been suckered by these systems and you can't know how much is just "Wall st" style volume trading.*

I mean thats one of the oldest Rat hole "Wall St " scams in the history of being taken for a ride, and people are (seemingly) ha ha ; ) lining up for it. (lots of new accounts support IPOs and PoS systems)

of course this could happen to a degree with ANY crypto, PoW installs a certain cost of course and also secures a certain amount of distribution.

so of course just like "Ripple" et al , and the rest you can ignore them or you can not ignore them it really doesn't matter, the result is going to be the same.