[freeloop10]

It's quite a gimmick imo. The amount spent has no basis in what is needed, but simply chosen by multiplication of the guesswork of a person several years ago by the chaotic swings of the market.

It's also quite inefficient and even if it was chosen with some rationale basis, the idea of burning energy for years in the hope of providing a high enough bar to prevent a single tsunami of effort over the a brief period of time, less than a few hours and only required to match it, is one of the dumbest security ideas I've ever heard.

I'm not against cryptocurrency, not do I think it will fail in concept, but I very much hope that PoS proves viable and will succeed this utter waste.