[mtrycz]

There's more than one Proof of Stake cryptocurrency, and Ethereum does want to go PoS sometime.

PoS have been around for 3 (maybe 4?) years by now.

Proof of Stake is quite genius in the politics of it, and the power needed to run is minimal (you still need to keep your hardware powered on)

[GordonS]

Can you give a short summary of how PoS works?

[lloyd-christmas]

Not a personal summary, but this is Ethereum's FAQ:

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

[GordonS]

So... the more Ether you lock up, the more Ether you stand to gain; sort of like having a higher chance of winning the lottery if you buy a lot of tickets?