Proof of Stake has emerged as the dominant method of writing blocks and ensuring security. In many ways it makes perfect sense- it is efficient, it doesn't waste energy, it incentivizes people with large holdings to perform good deeds for the network and makes bad behavior very costly. However it seems quite convenient that POS also redirects block rewards from miners to the people who own the most coins- usually the coin founders. This could very easily be used as an elaborate well designed Ponzi scheme- and in the unregulated markets of the crypto economy, coins operating this scam are virtually inevitable.
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