If DaT ever endorses a POS, I will take my bitcoin go all in with what I feel like I can afford to lose! He clearly knows what he is talking about and admits what he knows and doesn't know. I would love to have him really grind out the NXT code and know for sure just what is and isn't possible.
I agree DeathandTaxes is an expert.
No question.
However, I think it would be foolish to dump all
your bitcoins in favor of an altcoin, and I'll
give you 5 reasons why I think so:
1. You must be careful not to misconstrue
something he (or any expert) says to be an overt "endorsement".
He might say something is good, an idea is good,
or even a coin is good. Heck, he might even launch
his own coin, but that doesn't mean he's
going to sell all his Bitcoins. Why would you?
2. A new idea from an alt may later have problems and I
would bet on 5 years and thousands of people vetting
Bitcoin over what one expert says in a short timeframe.
3. Just because a coin is technically sound doesn't
automatically mean it will be adopted by merchants.
That takes a very long time, and meanwhile other clones
may leapfrog the new coin.
4. DeathandTaxes seems to like the "bootstrap an alt
with a Bitcoin based distribution" idea, meaning that
any new coin that comes out that has promise, may
be cloned and given freely to people that hold Bitcoins.
So if you sell your Bitcoins, you would miss out
on that.
5. There is no social proof that people
will accept a PoS coin. Recently, Gavin Andresen
was asked "can PoS work". His answer was: "maybe,
but is it fair?"
I recall when I first learned about Bitcoin and
being struck by the fact that the miners actually
had to solve problems to get the coins. I didn't
even know the phrase "proof of work", but my reaction
was "wow, they have to DO something to earn the coins,
its not just something out of nothing. This seems real
and legit".
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Bottom line: Invest in alts, if you desire. But you
don't have to throw out the baby with the bathwater,
even if an expert says something.