Post
Topic
Board Bitcoin Discussion
Re: Proof of stake mining of bicoin
by
cbeast
on 27/12/2014, 09:41:40 UTC
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.
Decentralization is a form of chaos. The Bitcoin ecosystem is complex. Order emerges from complex chaos. It's called fractal.