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Message: <blockquote data-quote="notimp" data-source="post: 9284661" data-attributes="member: 101990">Stablecoins are what you'd 'need' to conquer the international money transfer space and optimally profit. (You try to make people forget, that they are holding deposits in funny money, which gives you more time to speculate with their assets). But the comment was ironic - since facebook coin is not PoS based (in the traditional sense - they dont create currency through mining).Why would people cannibalize each other? Because with PoS the more you invest the higher your gains. (The game is to grow fast, earlier, than others.) They do it as rational actors. If you cap them to a max pool size and stop the size effects (?) investment already taken helps you in creating additional pools. If size effects ('the richer you are the more likely you are to make money') are somehow disabled by pool size caps, you do it for power. (The higher percentage of verifications you get - the more important your voice becomes on 'protocol changes').Normal miners dont 'scale' as well (as people investing big early), you are telling big players 'keep at it' you can become 'number one' even past 51%,  - in theory, to prevent them from mounting attacks against the integrity of the network (because they can still grow). So they are still 'motivated and enthused' to get bigger.At the same time lets say at some point demand for validation for transactions per second stabilizes. Small miners get less and less returns (as the bigger invested guys have been growing faster), turn their machines off - and the 'active network of validations becomes smaller'. This then is 'cannibalization'.I can't. I dont look at specific coin models/setups, because If I'd do, I'd go crazy. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="wink    ;)" loading="lazy" data-shortname=";)" /> You would need the 'best protocol' coming out 'first' because of market competition. Currently you still see bitcoin dominating the market (value and transaction wise). Which means the entire 'market' for cryptocurrencies is more or less still an incubator - where the best idea certainly doesnt win. But the right angel investor can bet on a certain currency, to raise its perceived importance, and thereby value.And everybody tries to get the highest investment into their currency, to grow (perception wise), to also grow in worth. You can have the best idea, and nobody noticing or backing.Thats why I asked if PoS was mainly a play to attract big investors early, which would make sense in such an environment.I cant get into 'but with Tezos, that doesnt occur', because I'm not that interested overall. I dont try to design my life around knowing 'which is the most promising solution' at any point, from multiple stakeholders perspectives.</blockquote>

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