1. It allows the rich (those who have the most money and hold the most ETH) to become richer. If Bankers put hundreds of millions into ETH and become stake holders it will allow them to reap the most rewards over small-time stakers.
2. Someone will eventually get enough stake to manipulate the blockchain. There's lots of whales who will form groups and stake together which allows them to manipulate PoS to their liking and make the most mining rewards.
3. PoS is no different than the current corrupt capitalist system. The wealthy become richer and the poor get poorer.
Ethereum isn't any better than PoW controlled mining in China. It only gives power to the wealthy.
"DPOS leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way. All network parameters, from fee schedules to block intervals and transaction sizes, can be tuned via elected delegates."
And when all those stake holders are bankers & wealthy assholes... do you think they will ever care about the small town guys who invested in the currency?
Once again.. dPOS doesn't help the little guy. It only allows the "wealthy stakeholders" to have a say.
Luke Cook
Go make a commie coin then, faggot
Jayden Wright
I sense a chopper in your future commie-kun
David Cox
>little guy/
get a load of this loser
Isaac Parker
Care more about those who have less than you.. give to those in need.
That's what all currencies should be based on.
True wealth is helping others become abundant and successful. Not by enriching yourself and bank account...
Ryder Long
The largest delegate on ARK is the Veeky Forums delegate, which also has the most number of total voters and the lowest share-per-voter rate.
Liam Sullivan
POS is much more accessible to the average person than POW -- you don't need to know anything about computers or have the minimum amount and capability necessary to set up a mining rig.
The thing is, you have to disincentivize the 51% attack, and you should reward people for investing in the coin. There's no way around that. This "rich get richer" argument doesn't really make sense... they are getting the same percentage you are, they're just putting up way more money so they end up getting way more too. They're the ones taking on all the risk that the coin could just collapse at any moment. They should be rewarded for that.
Lucas Stewart
>person with large amounts of coin splits their amount into small wallets >now they get 90% of the weight with a small minority of coins
You commie cucks are intelligent.
David Turner
Why is there no fair crypto currency that looks like this....
Wealth should be distributed back to the poor...
Those with the least coins should reap the most rewards.
