POS system is the future of cryptocurrencies if they are to survive forever!
Just for example take bitcoin's current system, pure PoW, so the better the equipment the Better the Mining Speed.
Now just think about the super computers we have today, fastest is a record 33.86 petaFLOPS (think about the hash rate this makes),
Guess where is it located? CHINA!!!
OMFG if Bitcoin is gonna rule the world, i'm sure china will use their Super PetaFLOP computer to mine it, just to take control.
MAYBE CHINA IS ALREADY DOING IT, except they have to limit their speed down OTHERWISE THE WHOLE BITCOIN INFRASTRUCTURE would be probably mined in 2 full Seconds!
Yub that's right 2 second to mine everything there is to Bitcoin, and to hell at that speed THE super computer will mine blocks already mined in YOUR ACCOUNTS TOO!
AND its bloody cheap to operate this computer ($400 an hour or about $3.5 million per year) and with just 2second it will proft 10billion.
China is being easy on everyone on the bannin,there are just making headline for popularity, if they are really serious, this is exactly what will happen to BITCOIN,
and all other PoW system. Even a 0.01% PoW system is no match.
NOW THAT's just CHINA TODAY! In the future we would all have petaFLOP PERSONAL Notebooks IPAD SIZE!
PoW. Flawed. THINK ABOUT IT.
https://nextcoin.org/Invest early, invest in Nxt! Pure POS, MACHINE PROOF.
THIS IS ALL FACT. It's written like this because some people do not have the brain capacity to understand if written formally.
Go do some research about PoS and think about how our future is going to be like.
In the future when you remember after reading this message, it got your thickhead straight and now you are very wealthy, by then please come back to this post and donate to me!
Nxt: 8897013707391239174