| > Proof of stake doesn't enable stakers to attack non-stakers yes it does. it allows stakers to prevent non-stakers from becoming stakers. all rewards go to stakers. rich get richer even faster. > there was absolutely no scam in the premine. It was publicly announced, and the majority of it was distributed via a programmatic crowdsale. public announcement means nothing if participation is permissioned. there was 12% blatant premine and 60% so called "pre-sale", of which undisclosed amount went to scammers that organized it and didn't have to pay anything. > applies to dealing with early adopters of other currencies this doesn't apply to BTC which literally anybody could mine without asking approval and permission. ETH is just another scam. > dev grant is somehow a "scam" of course it is. > open premine crowd well, at least you used the right word to describe it - premine. any crypto premine is a scam by definition. some of those scams just manage to bamboozle enough people to stay afloat longer and get a chance to scam even more. good job shifting conversation away from discussing PoS flaws into complaining about randoms on internet being rude to scammers. |
No it doesn't. As I already explained, there is no practical way holders can collude to force all holders of the currency to not sell. There will always be significant liquidity for any currency that has as wide a distribution of holders that Ethereum does.
>>public announcement means nothing if participation is permissioned.
The crowdsale was not permissioned. It was completely programmatic.
>>there was 12% blatant premine
Which was publicly disclosed compensation for the developers who created Ethereum, as well as an allocation for grants to further develop Ethereum.
>>and 60% so called "pre-sale", of which undisclosed amount went to scammers that organized it and didn't have to pay anything.
This allegation of the pre-sale being a scam is totally unsubstantiated. It's irresponsible character assassination.
>>randoms on internet being rude to scammers.
The credibility of avowed critics of Ethereum, who make totally unsubstantiated allegations of the organizers of Ethereum's crowdsale of being scammers, is relevant to these discussions.
Moreover, your criticism is not relevant to PoS. It's specifically critical of Ethereum, since Ethereum had a premine and crowdsale. PoS doesn't have to have either. So once again, your analysis seems entirely biased and agenda-driven.