I'm starting to wonder if the multipools are a good thing for PoS coins in the long run. Isn't the whole point of a PoS coin to relieve the dependence on miners and prevent energy waste due to mining? With these multipools, the price is once again dependent upon miners and the coin is going back on its claim to be environmentally friendly. It seems to me that the price will bubble due to the buy support of the multipools, but if for any reason the multipools go down or if people lose interest in them that bubble will pop. Please somebody quell my fears, I really like PoS coins and I want to see them succeed.
Well this is only because people give value to some Scrypt altcoin and therefore are able to trade this value into BCs. I could also run an offshore oil rig (not very nice to its environment) and spend the profit I make on BCs. The currency itself does not create the energy waste, but if you can create SOME value by wasting energy than you of course can trade this value to BC/gold/USD.
The multipool bubble is in fact a point, once it is down a significant amount of buy support will be missing which might create a selling panic. However, we saw over last week that even without the multipool we had a steady grow so this bubble (hopefully) will only lead to a price correction, not a crash.
