RE: The History of Delegated Proof-of-Stake (DPOS)
the distribution of coins is still better on Steem than Bitcoin
What do you mean exactly by distribution? people who are using the coin, people who are mining or getting or using the coin? those are different chains, and the consensus for transaction refusal is not reached in the same way even if the technicality of it (transaction refusal) is the same.
`considering that the trend is for ever increasing concentration of coins into fewer and fewer hands and the same for hash power``
Unless those people are using nuclear fusion and not seeling anything to cover the energy cost.
You are mixing Bitcoin (the coin) with the question of hash power and transaction refusal consensus.
people can cooperate to ignore transactions without any problems what so ever
A known fact.
What are you talking about 'those are different chains', the ones mining vs the ones using the coin, or steem vs bitcoin? Not that it gives any credence to the notion that somehow bitcoin, or any other medium, is more resistant to transaction refusal by some inherent system properties, because it isn't and since you seem to think that somehow people agreeing to refuse transactions is different on Bitcoin than steem let's hear exactly why or how that is, when technically it is the same..
There's no "unless". You are free to disagree with my assertion, it doesn't bother me if you want to deny the trends.
No, I'm pointing out that coin distribution is shit poor on Bitcoin and otherS compared to Steem, a tale tell sign of concentration of power which is a good vector for transaction refusal to be implemented by the demand of the whales who could threaten to crash the market and thus make Mining a fruitless endeavor.