On: Ethereum: A Store of Value with Cash Flow [pdf]

[inter_netuser]

It will likely not fail due to a direct attack on PoS. Ethereum has shown they are willing to rollback the chain in case of attacks.

What's more concerning is that Proof of Wealth (which is what Stake really is), is just going to lead to those with biggest balances dictating rules to everyone else. Exactly what happened in EOS, Steem, etc...

It will become a plutocracy with cute emojis.

[birracerveza → inter_netuser]

>It will become a plutocracy with cute emojis.

Three comments repeating the same point are not enough, you should spam this argument some more, maybe then it will make sense.

[inter_netuser → birracerveza]

Do you have any actual counterpoints w.r.t previous numerous failures of POS?

[mratsim → inter_netuser]

EOS and Steemit are delegated Proof-of-Stake, people elect "grand stakers" that will do everything, and this lead to briberies.

[Kbelicius → inter_netuser]

> What's more concerning is that Proof of Wealth (which is what Stake really is), is just going to lead to those with biggest balances dictating rules to everyone else.

So if PoW and PoS both suffer the same problem of minority dictating rules to everyone else do you know of any consensus algorithm used in crypto that avoids that problem?