I would like to propose a criteria that should hold in all alternative proof systems.
In Proof of Work systems (e.g. Bitcion/Litecoin), this holds:
If miner1 devotes N times more computational resources (measured in MH/sec) to mining than miner2, than miner1 will, on average, receive N times more financial rewards.I propose that every
Proof of Stake /
Proof of Activity must adhere to this next rule:
If hoarder1 devotes N times more financial resources than hoarder2 to block-signing, than hoarder1 will, on average, receive N times more financial rewards.(financial resources can be devoted to block-signing e.g. by locking them in the blockchain for a certain amount of time ... the details will vary between the system).
I believe that the common designs of Proof of Stake, as well as Proof of Activity both adhere to this principle. I am not too familiar with the details of PPCoin, but I believe it adheres to this principle as well.