Hostile takeovers over pure proof of stake open source digital assets
Does a decentralized currency with pure proof of stake rule exist?
ETH and DASH still use proof of work, so they are not pure.
EOS is a delegated proof of stake, which is similar to a parliament, not to direct meritocracy.
What is wrong with decision making by a majority of stake holders, or a big enough majority as is the case with dan's creations (I think it is a 13 out of 21 in BTS,STEEM and EOS)
If a big enough player buys a big enough stake to perform a hostile takeover, that player gives free money to the preexisting ruling class, and in case of success of destruction of the proof of stake system, it can be forked or copied and restarted or resumed as it was or better.
Typed and posted at 2018-7-30.
EverGreenCoin
https://evergreencoin.org/
You got a 100.00% upvote from @sunrawhale courtesy of @stimialiti!
This service has been created with the help of @yabapmatt so please show your support by voting for him for witness!
You got a 55.56% upvote from @luckyvotes courtesy of @stimialiti!
You got a 35.13% upvote from @sleeplesswhale courtesy of @stimialiti!
Thank you so much for using our service! You were protected from up to 20% losses!
Earn passive income in SBD/STEEM by delegating to us! 100sp, 500SP, 1000SP, ANY SPYou just received 46.13% upvote from @onlyprofitbot courtesy of @stimialiti!
This post has received a 82.64 % upvote from @steemdiffuser thanks to: @stimialiti.
Bids above 0.1 SBD may get additional upvotes from our trail members.
Get Upvotes, Join Our Trail, or Delegate Some SP
This post has received a 50.00% upvote from @aksdwi thanks to: @stimialiti.