Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS
So.. you are going to cherry pick the version of PoS that best fits your argument? DPoS is PoS, it is just a variant of PoS.
There should be no confusion here. Please don't claim PoS has some features that are present only in DPoS as a supporting argument for PoS. When the title shows DPoS I will consider it fair to use those features as part of the discussion. I don't think PoS is the same as DPoS. What do you think?A lot of people (me including) use the term PoS as more of a broad term that includes all consensus algorithms that are not based on PoW. This includes many different variants of PoS... PoS as in Peercoin, transparent forging as in Nxt, DPoS as in Bitshares, etc, etc...
Many people would refer to Bitshares and Nxt as being PoS even though they are actually a variant of it. I agree it is confusing, but a term was needed to differentiate PoW coins from non-PoW coins and I think PoS is a natural choice since it was the first non-PoW consensus algo. As long as people realize that there are different variants of PoS, each functioning differently and with their own sets of pros and cons, then I don't see any issues with the terminology.
Let's consider Proof Of Waste for a second. 51% of Bitcoin's hash power is on 2 to 3 mining pools. The paid NOTHING to obtain it. You are entrusting them directly (or indirectly when they get "hacked") to not fork your coin. By the way... this statement I can back up with facts and readily available data. 
First, it's not "waste". It's a highly specific impossible to forge or reuse effort to ensure security while also fairly converting value (energy) into tokens, bridging the outside and indise economy seamlessly.The pools and their costs argument is only temporarily valid. The pools paid nothing, but they have nothing long-term. If they fuck up, miners will move quickly, miners paid A LOT of money for their power and have not usually recouped. I am entrusting the miners that need to collaborate and play fairly to profit.
You see the difference now?
I will concede you have a point as to the pools only being able to mount an attack temporarily before everyone switches pools. However, I stick to the fact that you simply made up "as it happens for many coins an exchange owns more than 51% of the supply", and you have no proof of this and it is not true. The point was that there are different attack vectors for PoW that exist other than achieving 51% of the hash power. Both PoW and PoS variants have vulnerabilities and different pros and cons. There is no perfect solution, and I believe that PoW is often touted on these forums as being a perfect solution when in actuality it is not.