Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
ofp
on 16/07/2014, 01:27:31 UTC

PoS is like gravity though it really is a weak force that encourages centralization by rewarding people for hoarding coins.

What makes people hoard coins in not POS or even the staking payment (which btw is not interest payment, its built-in inflation). People hoard expecting either future appreciation of value or withdrawal security (meaning more money in the future or same money for sure).