Quote from: mczarnek on July 06, 2014, 09:16:50 PM

Quote from: darkota on July 06, 2014, 08:21:56 PM

You can only buy into a IPO for a limited amount of time with PoS.

With PoW, you can mine for decades to come.

PoS has horrible, unfair distribution and it will always be that way, simply because PEOPLE(the devs) choose who gets what amount of coins. You have to rely on them, with PoW, you don't have to trust anyone, you can go buy a mining rig and get your own damn coins.

100% PoS will always be shit and never go anywhere.

HOWEVER.

PoW transitioning to PoS over time is the best method, it's better than 100% PoW and way better than 100% PoS.

Again, people who got in earlier got more coins, and people who threw more money into the fanciest highest powered rigs, get the most coins out of it.

And yes the devs chose who got which coins but let's say when it comes to Nxt, the people who got the most coins were those who threw in the most money.. I haven't heard any of those who got in on the original IPO complaining that they didn't get their fair share.

First of all, it's Very Likely that most of the "IPO investors" for NXT were simply sockpuppet accounts, as No taint anaylsis was done whatsoever. Also, check the NXT richlist, the first 50 accounts own over 48% of all NXT there is. You call that good distribution? That's downright laughable.

With 100% PoS, the early investors get Everything.

With 100% PoW, the early investors get more reward, but they almost always sell early, and there is Always a chance for latecomers to buy their own mining equipment and get coins themselves.