Proof of stake protocols that become significant are immediately overrun by shadowy concerns who have virtually unlimited amounts of unsound money to throw at them, and as soon as their influence is established they begin to punch the holes necessary in the mechanism through governance attacks to subvert the people participating in that mechanism.
This is as true of fiat as it is of PoS altcoins.
Sounds interesting, do you have more on this? Maybe a quick rundown or a link to a longer discussion? Not into crypto currencies, so it's news to me.
The picture is taken from SOFTWAR: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin
It is available on Amazon, and I cannot emphasize enough the importance of this work.
It provides a fundamental view of the importance of proof of work, and a full throated, well explained refutation of proof of stake.
