Post
Topic
Board Bitcoin Discussion
Re: Proof of stake mining of bicoin
by
DecentralizeEconomics
on 27/12/2014, 09:45:22 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.

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.

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.