Why isn't proof of stake more widely supported?

[DeathAndTaxes]

Wasn't SolidCoin a Proof-of-Stake chain, where a few trusted miners started out with 10,000,000 coins each to make sure the "benevolent stakeholders" were the only ones able to mine/sign transactions?

It was only in the mostt bastard form.

1) There was one stakeholder.
2) He gave himself 12M coins via a premine.

It isn't much of a "stake" if you get it for free.  It isn't much of a decentralized currency if you rig the rules so that you and you only will be the only stakeholder into perpetuity.

Pretending solidcoin is a crypto-currency just devalues the term.

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[Rassah]

Kinda demonstrates the problem with getting PoS started, too, doesn't it?

[DeathAndTaxes]

Kinda demonstrates the problem with getting PoS started, too, doesn't it?

No. 

[cbeast]

Wasn't SolidCoin a Proof-of-Stake chain, where a few trusted miners started out with 10,000,000 coins each to make sure the "benevolent stakeholders" were the only ones able to mine/sign transactions?

SolidCoin starts as a monopoly and becomes a cryptocurrency when miners are rewarded with transaction fees based on hashrate.
PoS starts as a cryptocurrency and becomes a monopoly.
The only thing worse would be to code PoS rules into SolidCoin. OTOH, some people might like that.

[Cubanlinx81]

I want to ask the same question!! PoS support the core values that Satoshi Nakamura held. Proof of Work allows the same moneyed elite to dominate the system. PoS levels the playing field for the average person. Not to mention the devastating environmental impact from PoW....