The ideas I see amount to forming a private cartel for the dozen or so vocal members of the community, fundamentally changing the way a coin works to the detriment of the general user and betraying the philosophical principals of crypto in general.
And I see a bunch of people, who should be ashamed of themselves, agreeing with it.
I agree with you.
Proof of Work is not just waste of energy, it is also the Proof that
transactions really happened.
I always assumed that Darkcoin was going to make the public ledger into an
anonymous ledger (not readable by outsiders), but certainly not to make it totally disappear?!?. That would be disastrous.
If we only had masternodes, and no POW, I am not sure that the integrity of who owns which coins can be guaranteed AT ALL.
Masternodes are not here to look after the integrity of the ledger. They are basically mixers. They have nothing to do with guaranteeing the integrity of the ledger.