[raedah]

The largest downfall in PoS is how the new coins go to existing coin holders, causing the rich to get richer .. centralizing the ownership of the network. PoW miners have hard cost to pay in the competitive market and the profit margins tend towards zero. This real cost means that miners have to sell coins if they need to recover production costs. The selling creates downward pressure until the market settles at a natural price floor. Gold buyers have understood the market price floor in relation to production costs for a long time. This lack of production costs with pure PoS systems leads to centralized ownership and a manipulated market, and this is why we see pure PoS coins with manipulated sky high market caps. I will never buy a pure PoS coin because a manipulated price doesn't satisfy legitimacy by fairness.