proof of scam. pos , i think it is the main idea this year
Some people worked very hard this year to perpetuate this, though the established POS crytpos are still here. The technology is intact, scams were the product of human nature (lies feeding people's greed). I only heard of a couple newborn coins that had problems where a huge proportion of funds were stored on exchanges
Can you point to a POS scam that was caused by corruption of the tech/blockchain?
Fortunately, the weak/scam POS are dying/dead in this bear market. POS will remain and grow until someone proves it is insecure. The serious analytical research so far suggests that the opposite is true. The future of POS is getting brighter each day.
POS coins carry everything that is needed to scam people: initial distribution through IPO/ vague promises of interest/ no miners
may-be POS is victim of human nature
, but POS is clearly scammer best friend...
So just don't put money into new POS until it has shown itself to have some longevity. It is a completely different crypto landscape since the first POS cryptos were launched.
It is much easier to scam using POS, all you need is a copy and paste of a technical coins OP, change a few words/logo, add the lastest buzzwords (anon, sidechains etc.), have 3-10 sock puppets post and be enthusiastic and send some confidence payments to the genesis account. People follow the heard and give up their money willingly without knowing what they are doing. And they are eaten by sharks.
This still doesn't detract from the technology of POS, which still hasn't been breached. "Nothing at Stake" is likely to be shown to be BTC/POW propaganda, they have provided nothing to prove it is fact (even admit they only have assertions in their POS.pdf).
Blaming POS for scammers is the same as blaming telephone cables for cold callers or the internet for phishing attacks
