Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS

In a PoS system, acquiring enough stake to attack will cost you astronomical amount of money

Well it didn't cost the government an astronomical amount to obtain those massive amount of bitcoins from the silk road bust.
Lucky bitcoin isn't POS or it'll be screwed.

the amount they acquired wasnt even more then 1-2%? you would minimum 51% of coins to attack the network..

What I was pointing out is that doesn't always take an astronomical amount of money to acquire a large amount of coins. It's just a long running myth.

I'm not anti-pos by the way.

Part of the argument is that acquiring 51% coins means buying and pushing up the prices so that the current holders get compensated. Besides, its stupidity to buy up 51% and then destroy it.