So tell us what is the most important then... If the blockchain cannot come into consensus because of POS .... then the rest of the features are useless...
I mean, it's irrelevant if nxt is POW or POS, me, personally, see POS more secure, is in the holders interest to protect the network, and if an attacker want to kill the network will have to invest many more than to attack any POW coin. Would you have a different opinion about nxt if you can mine it with gpu? Give me some convincing argument against nxt which isn't a problem too in any other crypto.
PD: Sorry for the offtopics in this thread, but I feel the need to discuss with people criticizing the innovation
For me it is very relevant that is POS. If it was PoW I would be ok and I would support it.
My issue is that is actually not secure at all..
In PoS, you use your stake to determine the longest chain thus total cumulative stake on a chain is the one to make other clients follow that chain.
Say currently 5% of the stake is used to secure the network. An early adopter/exchange/group of people/stake pool with more stake (more than 5%) at some point in the coins history (the people might have sold long time back) can create a parallel chain and reverse the current chain by showing more cumulative stake. How do you get the current chain with this decision mechanism? It cannot be decentralized... No matter what the approach is the attackers can repeat the steps of any PoS approach...
You only need to own the keys at some point in the past. For example, a person who deposits/withdraws multiple times from exchanges (think of exchanges using multiple addresses and withdrawing money from different accounts) can get the keys for a lot of stake ownership in the blockchain history and use it to create an alternate chain. Exchanges own a lot of stake in their history... Pools do the same.... and many other services...
The system will always be dependent on past stake ownership and this is a bad solution to propose to the world who dont understand much. From centralized banks to centralized devs decision making.
I feel that you guys hype something not sound at the base to make money. Focus on innovation but on a solid basis
TL;DR I support innovation but not at the cost of centralization. Past stakeholder will always control the fate of the coin unless you have human intervention aka checkpoints.