Quote from: inBitweTrust on December 27, 2014, 09:36:49 AM

Quote from: cbeast on December 27, 2014, 09:33:43 AM

Quote from: inBitweTrust on December 27, 2014, 09:15:35 AM

PoS coins have value because the marketplace dictates so based upon both utility and speculation.

This is mostly true and why I am a big fan of PoS coins. I think every Central Bank should have one.

Fiat really is an archaic form of PoS. Centralization also has advantages over decentralization. Decentralization is very costly and inefficient.

How is PoS a form of fiat? The government tells me that I have to use NXT and assigns a value to it?

Decentralization is only "costly and inefficient" in the constructs of PoW.

Quote from: inBitweTrust on December 27, 2014, 09:41:16 AM

Quote from: DecentralizeEconomics on December 27, 2014, 09:37:10 AM

They already own Bitcoin. Why not PoS coins too?

Ohh goodness, they really should bring back the rule of sand boxing newbie accounts . You are ignored my friend.

Uh Oh... I spoke the unspeakable truth.