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Re:The Imminent Decentralized Computing Revolution by woah on Sunday October 12, 2014 @09:27PM (#8447154)
Proof of stake, while probably achievable technically within the next few years, has a major incentive problem. Anyone can show up and start mining a proof of work coin, and earn some. In contrast, all coins ever available in a proof of stake system must be given out by someone at some point. Most people distrust a system that claims to be decentralized, but has a central group or person giving out all tokens that will ever exist at the beginning.
Re:The Imminent Decentralized Computing Revolution by wmf on Monday October 13, 2014 @12:12AM (#8447455)
You have to buy hardware to mine. Arguably buying stake directly is simpler.
Re:The Imminent Decentralized Computing Revolution by tg3 on Monday October 13, 2014 @03:50AM (#8447854)
Simpler probably, but unless you can buy stake from anyone (like you can with hardware), it lacks the same decentralized advantages.
Re:The Imminent Decentralized Computing Revolution by wmf on Tuesday October 14, 2014 @05:47PM (#8456018)
In the Bitcoin world there are multiple exchanges and multiple ASIC vendors. Any healthy ecosystem should have multiple exchanges.