My main question is: Why Cuckoo PoW instead of PoS? Ok it is a new type of PoW but... in any case PoS is better! You do not have to waste any hardware for getting coins!! It is true that PoS has some points to improve, but Cuckoo PoW is also experimental... so I do not get the point. In my opinion PoW is old and was chosen when Aeternity designed the ICO... the new projects are all born with PoS.
As Tone Vays says, "any PoS blockchain is not a blockchain". Looking back to the token/ICO exhuberance, I understand Vays' position that Bitcoin is the mainframe and 99% (99.9% in Vays' version) ICOs are scams, not necessarily by intention, but by economics. They are marketed as solutions for not-yet existent problems, that "require" the transfer of value for a special token.
I value PoW coins higher than PoS for a simple reason - PoW coins have an actual cost, they were mined <> electric energy was converted into coins with a certain purchasing power. In my opinion, PoS coins have only 2 advantages - reduced environmental cost and higher-than-PoW transaction speed. Out of Top-20 CMC, 1/2 of coins don't belong there simply because they are either too centralized, are faulted by design or no resources have been spared for their creation:
Centralized - Bitcoin Cash, Ripple, Stellar;
Faulted by design - IOTA;
Free of creation cost - Tron, Cardano, Bitcoin Gold.
Corolary to PoW superiority - PoS coins will come and go in Top-20 CMC, while major PoW-coins will only advance to higher positions.
I am as confident in Aeternity as I am in all the startups - i.e. 1% condifent. If Aeternity fails "at least code" the principles and mechanisms from the Whitepaper, and a new PoW mechanism was a major value proposition, it will top up my scam list and will only reinforce my belief that we are in the most stupid, irrational and ignorant bull market run ever described to our days.
