Like it or not, some variation of PoS is going to dominate. The general opinion is slowly being aware that the money given over to the electricity and the hardware companies is better off being utilized to develop the coin itself.
No one is forced to give any money to anyone, people exercise their own choices.
Competition requires energy, no-competition doesn't.
So which of the competition is better suited - the one which is spending resources to keep the network running, or the other which is using the same resources in improving itself?
Again, confusing security model with distribution model.
Security costs depend on distribution rewards (issuance of new coins),
not whether the coin uses PoS or PoW.
You can buy miners and spend electricity and earn coins.
You can go to an exchange, spend money and buy coins.
Not really sure your point. Mine is that cryptos like NXT
can claim lower security cost because they aren't issuing
new currency. Very simple.
) and you successfully attacked your false representation. Rather than attack the reality of POS (see the bit about Jinn and value not being depending on regulation or acceptance from authority). Far from ignoring your point, I addressed it directly. That was the starting point.