MarkM provided some good context to the cons.
When researching PoS, it's best to avoid recent posts in the altcoin subforum. They mostly don't know what they're talking about.
Instead, some of the oldest posts about various PoS protocols as discussed in the bitcoin subforums were explicated in profound detail by the more technically-inclined early programmers and adopters. They really mete out criticism well, but it's over the heads of most pump-and-dump noobs.
This is not really correct. Most of them now agree that PoS is secure, if not more secure than Bitcoin itself, the only problem is centralized checkpoints.
This is why I'm attempting to make decentralized checkpoints then building pruning off that feature the #1 priority of the Whitecoin community takeover, to finally bring PoS to a level that surpasses Bitcoin in security and decentralization, using multipool tax to fund that goal.
Many of these older posters would love to say that until PoS coins remove checkpoints entirely, or convert to decentralized checkpoints, that they shouldn't even be considered cryptocurrency. The only problem is, they can't type that since they already know Bitcoin itself is using checkpoints in each update.
But you're correct in some regard, many of these coins just cruise along with centralized checkpoints not even caring about removing them and waiting for someone else to figure it out.
Good on you for the PoS development. Surpassing Bitcoin's security is a worthy and certainly attainable ambition. I wasn't thinking of centralization per se, but I do understand what you mean. I was more thinking of the technical minutiae as analyzed by the code-slinging hardline bitcoin supporters. They bring up great points missed by more casual developers, yet they do tend to be less open-minded to altcoin development. I understand their attitude to some extent, having seen the long-term degradation of the cryptocurrency community with the rise of so many clonecoins and noobs, but I also think they sometimes lose perspective and miss the proverbial forest for the trees.
Any development that further engenders decentralization is a good thing. Keep it up!
