[seanwilson]

> I'm surprised nobody has caught on to the fact that the present fiat system is in essence a Proof-of-Stake one.

That was what I was meaning really. If the people that have large amounts of money (whether that's in owning coins with proof of stake or owning hardware with proof of work/space) have a disproportionally large say in what happens it's not much of an improvement to the current systems we all live in.