We are thinking about that for weeks now.
We may go PoS soon... more details to come.
Thank you for this concern.
Yes I know you are onto it, I have voiced my opinion in this argument a few times in the old thread.
I was just bringing this up for discussion again, since most talk has been about Karmashares lately (rightfully so). I just think changing to PoS is a bit cheesy these days, every 2nd coin is going that way. Who would have thought that half a year ago? Maybe its just a short lived trend, maybe its PoS finally establishing itself as a true competitor to PoW? I don't know.
TBH I just like the idea of miners securing the blockchain more than PoS. Miners have an IMO important role to play in crypto and completely taking them out of the picture puts a coin's fate purely into the hands of investor/speculators. That's why I brought up the algorithm change as a possible alternative...
yep PoS = POS
there is essentially very little difference between a 50+% premined coin, a centralized coin and a PoS coin.
without giving new people real financial incentive to adopt the coin they simply wont bother, this is why nothing that came before Bitcoin ever had much traction.
Just imagine if the largest stakeholder in a PoS coin got corrupted in some way (hacked, lost his keys, robbed, died, seized by government etc).. if that happens then its game over for the PoS coin because the coin supply is effectively monopolised from that point onward.
I absolutely believe that the key to a successful crypto currency is to decentralize it as much as possible and that goes for the coin supply as much as it does for the transaction processors (nodes) themselves.