| > PoS at least gives everyone an even playing field; big or small you get the same percentage return. Your cost basis in the underlying coin is by far the largest determinant of ROI. It’s like the old real estate adage: “money is made on the purchase, not on the sale”. Fairness of mining has always been virtually irrelevant to ROI. (Except insofar as accusing competitors of shades of mining “impropriety” supports a narrative — and invariably a narrative which disproportionately benefits investors with an ultra low cost basis in a benefactor to said narrative.) “China miners, special deals” etc — it’s a trope that’s been going around for about a decade. Virtue signaling aside, judging by the raging bull market for ICO coins amongst cryptocurrency investors, clearly no one is concerned with fairness whatsoever. These things are majority premined by insiders and/or sold to prestigious investors in pre-pre-pre ICOs (yes, there are “levels”). What happens is the general public gets sucked into these coins then adopts narratives which suit them. That’s what you’re seeing here. Not that anyone cares. (Disclosure: I’m invested in a true hybrid PoW/PoS coin, and I’m rather familiar with the downsides of both PoW and PoS mining.) |