Anyone else starting to think the inevitable centralization of mining hashrates inherent to proof of work coins will push the market toward proven reliable proof of stake coins?
nope
p o s can be also centralization .both are centralization
There are a few guys in the discussion forum that feel the way you do, that it will all centralizes over time.
And the true answer is that for some PoS coins they will centralized , however for some others like
ZEIT it will not.
ZEIT is one that will not centralize over time, and what makes the difference is the Specs.
Shorter Stake times less than 10 days , extremely high interest rates, or coins with extremely long stake times like 3 months, or the coins that have a fixed number per stake , or the ones using PoSP, will all centralize over time.
It is the nature of their design, our Design is a staking of 20 to 40 days , our interest rate will drop to 5% yearly in ~ 6 months.
Everyone at
ZEIT stakes the same, there is no difference like other coins where some wallets have higher rates, IMO that is unfair as we must all be on a level playing field.
Things blocking Centralization at
ZEITSo at only 5% yearly, with staking only every ~20 to 40 days .
When someone wants to exchange for BTC / LTC /Doge, they will have to sell their
ZEIT, doing so will decrease their ability to make more in the future.
The Knights are setting up a fund from a Yearly Tithe to be used for Charity in the future.
ZEIT keeps a free faucet available for anyone wanting
ZEIT.
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