Topic: POS a typical Rich gets Richer scam - page 2. (Read 214 times)

Its clear why POS is a proven failure. Everything being equal 10% richer should stay 10% richer

Coin "any" minimum staking requirement 100 coins, reward 10%                        
                        
Rich with 1000 coins can stake 10               Sucker has only 100 coins, 1 stake         
Start with 10                       1000   10%         100   10%      Start with 1
Now he can stake with 11   1100   10%         110   10%      staking 1 and has dust
Now staking 12                   1210   10%         121   10%      1 and more dust
......                                     1331   10%         133   10%      ....
                                           1464   10%         146   10%      
                                           1611   10%         161   10%      
                                           1772   10%         177   10%      
                                           1949   10%         195   10%      
He can now stake with 21  2144   10%         214   10%   Gets reward from 2 stakes now
                                           2358   10%         236   10%      
                                           2594   10%         259   10%      
                                           2853   10%         285   10%      
                                    31   3138   10%         314   10%   Ha, 3 now getting rich   
                                           3452   10%         345   10%      
                                           3797   10%         380   10%      
                                           4177   10%         418   10%      
                                           4595   10%         459   10%      
                                           5054   10%         505   10%      
                                           5560   10%         556   10%      
                                           6116   10%         612   10%      
                                           6727   10%         673   10%      
                                           7400   10%         740   10%      
                                           8140   10%         814   10%      
                                           8954   10%         895   10%      
                                           9850   10%         985   10%      
Staking 108 now               10835   10%        1083  10%   Staking 10 now   
                        
Well, one started with 10% more, both staked at 10% and one has become 8% richer at this stage. Next is 119 to 11.......                  
But, the rich guy screams from the corner there are services which offer to stake fractions of a coin.                         
YES, only makes things worse, as the rich (exchange) now not only staking more also collects fees from 10 guys (or what ever many it takes to make another full stake).