What is the problem of POS? inflation?
That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.
I don't think you know what a ponzi scheme is, then.
From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.
Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?
Note: I'm not expecting bitpop to actually be able to answer this. Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.
is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.
Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?
It's the definition of a ponzi, there are no questions. And vitaly owning a ponzi makes him a criminal.
Lol we quite definitively established that it's not the definition of a ponzi, by the fucking definition itself!
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
- a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors: Vitalik is neither the operator, individual, nor organization who is paying returns to investors.
- ...from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.: PoS rewards are not issued from capital paid to the operators by the new investors. These rewards are generated via the protocol, in exchange for miners processing transactions and minting new blocks.
- Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.: PoS implementation in no way solicits abnormally high short-term returns on investment. Certainly no more than PoW does. The currently expected numbers in the latest Muave paper from Vitalik prove this.
Maybe...you don't understand how PoS works?
![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
So,
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
bitpop spouts shit he doesn't understand, and then can't explain himself.
You're a worthy opponent
See:
More centralized
Not fungible
Mutable
Delusional community
Constant losses