Witness EOS, Where 11 wallets control most of the wealth within that  crypto "Ecosystem' Earning rewards every Epoch. Not good.

Is there a better, improved way to Stake (Proof of Stake) and earn rewards for providing Consensus services  to settle transactions or,

Should we be looking at improving PoW "Proof of Work"  to be less of an energy hog?

Or Maybe it's just the whole notion of  PoW mining and arbitrary Gas Fees which need to go?

Is eVoting and eGoverance better served bottom up with PoW (Me think's so, no chance of PoS Staking influencing the vote..)

 Questions, questions, questions.

So what are some of the obvious and not so obvious answers for both camps to 'fix' PoS (Is #PolkaDot  PoS the answer?)

First this post is about solutions and looking forward, touching the historical points only to baseline the problems in each camp so as to postulate, explore, note the possible ways forward (some being pursued vigorously) for both.

Also at the end of this post are a few links to alternatives to both PoS and PoW as food for thought.

So here goes (please don't shoot the messenger in the comments ;) )

WOE is EOS - From PoS to PoS in just over a year, Is there a bounce back V recovery in the Offing?

#EOS has many problems on many fronts, that said the powers behind Dan Larimer have not totally dumped, to hollow out the wealth locked up there which is some where around US $3B, clearly some hodlers think there is away out (or they are asleep at the switch?)

n.b- I only reference EOS, given they were the first big "poster child" for "delegated" PoS...

Let's dwell on what EOS and other PoS camps  might do to change the game a bit.

The TK PoS Fix Ideas:

A few ideas if you like TK style, to salvage the real high performance TPS "Transaction Per Second" innovation  which is PoS.

Here is how EOS with its #dPoS (and other PoS camps) might engineer a come back

A - Shard first, and allow regional and even functional PoS Consensus on a geo and Vertical basis among many Stakers (not just 21 of them)

   Sounds simple, technical its much tougher, still Sharding EOS, plus compartmentalizing PoS Consensus and Stakeholder count while increasing Stakeholder count at same time per Epoch could very well be the right answer and the logical way forward for EOS (and many other PoS Proliferaters in the crypto space)

B -  Move the development toolkit capabilities solidly behind Go and Rust, as the C++ thing is old and its time to move on...

   Deprecating the C++ effort and going after the growing count of developers migrating to Go and Rust is going on everywhere in crypto, This is an easy decision to make at the developer level, should b even Easier for EOS.

C - Transparency of Investors in EOS (or complete lack of it). Beyond the EOS "VC Veil" lurks big NYC money players, many of whom have lost 'a bundle' at the EOS pump/dump poker table (and have left and may never return), with the "retail" crowd of small cap wallets being the small investor, 'coat tailing'  and enduring big up and down EOS price movements daily, which in fact are simply echos of where BTC is going daily.  EOS price movement certainly gets tiring for the remaining 'Whale' hodlers and all the micro-holdlers, each of which insist on  smokin' the current  EOS hopium (marketing spin). Recovering from this generally held perception is much harder. (Perhaps Larimer and the boys need to get innovative, with an EOS 3.0 hard fork propelled by a massive air drop of their own holdings to encourage a shift into the A. recommendation ? Oh Yeah the 11 wallet holders should share in the pain of conversion and donate to such an airdrop to the new era suggested in A.)

D. Get off PoS (Whatever the form), Stop being a PoS and, embrace newer faster forms of PoW which are more energy efficient 

Let's face it PoW "Proof of Work" in the BTC form is a giant energy pig,  using way too much energy to secure the network.., what is needed is quantum proof PoW algorithms., really smart math to get out from under the energy pig label. Oh and guess what, those smart PoW algorithms actually exist, in other working PoW projects, IOTA being the leading candidate. (More on this in a later post, its a big topic)

Also, if one thinks about evoting and eGoverance being in the hands of the people "for the people",  then any form of PoS and especially PoA as a method of consensus to a validate an election result  really aren't good consensus options for those use cases. In such use cases you need as close to  100% consensus (a level approved by the voters) from the network nodes to validate evoting and eGovernance budget management as  distributed voting results which need to work @scale (lots of TPS) really quickly to be effective/adopted/accepted.

'Other' Leading PoS Promises- Good PoS or collectively just a big pile of other PoS ?

IOTA- To PoS or Not PoS, that is the Question- Answer? not. Going Their own way with Hybrid PoW Shimmer consensus

#IOTA-  initially talked about PoS in late 2018, then in 2019 powered ahead with IOTA's existing and truly unique double transaction PoW Hybrid  as described by IOTA's Hans Moog (Circa Sept 2020), a very lightweight use of  PoW computing power operated by pending transactions  which are required to solve two PoW puzzles in order to then tip sdelect(IOTA's DAG can have multiple branches not just one blockchain)  attach  preceding transactions waiting for approval to the #TANGLE distributed public permissionless ledger running #DAG tech  where attachment location is determined by  "Montecarlo algorithm 'tip' selection" math.

Will IOTA keep pursuing PoS? Not likely as IOTA are the PoW low energy TPS champ today.

The current IOTA TPS performance is already over 1000 TPS proven by third parties and heading into  Visa and MasterCard territory as they add sharding. Maybe they will take note of suggestions A, B and C per EOS above, if they head in that direction and do , imo, PoS right. 

IOTA is fee-less and, has built in privacy communications channels in #MAMS and now #STREAMS, with many other value add oracle and gateway options and as well, runs on FPGAs (#Hornet node) on really small processors (#RaspberryPi and similar) . With really big corporations Bosch, VW, AUDI, Fujitsu, Rover etc..,  using IOTA DLT both in public and private form, squarely committed to scale-able "concurrency", the key to TPS @ scale (millions of transactions per minute) and IOTA's solid support of their toolkits and reference platforms growing fast in Rust programming language, there really are no technical hurdles anymore to usher in the machine economy on top of IOTA's #TANGLE.  Frankly,  in the world of crypto Fintech the only feature (or lack of it) holding IOTA back is the inclusion of the forthcoming Smart Contract capability, destined to be ready for developers to use imo,  by 3Q 2021. 

Ethereum 2.0- PoS Wonderland giving great TPS @ Scale with Sharding or, simply another PoS? 

Will PoS morph Ethereum into a TPS  Smart Contract juggernaut and make the 'flippening' a reality? Muh, maybe..,

#ETH -Ethereum  has been to date a PoW camp with absolutely abysmal TPS performance yet a legion of ERC20 developers building their own PoW blockchains which can gateway into ETH and essentially enable the transfer of wealth in ETH into their own Blockchain PoW plays, with their own liquidity pairs non-ETH. Flight of capital anyone? ETH 2.0 is all about PoS and Sharding. Maybe A, B and C find their way into the ETH model on time (it looks like it) or maybe they get usurped by #Polkadot and the ETH former CEO there. Right now there is a stampede of developers heading toward #DOT, more because of the TPS frustration of ETH 1.0 than the fact DOT is any better than other 2nd gen tech and, more likely because DOT looks a lot like #Cosmos and #Chainlink and is really an Inter-blockchain technology first, also looking to siphon off the wealth in the ETH world and create a better developer platform. Of Course moving between these camps with ERC20 and the use of Smart Contract scripting in  #Javascript like #Solidity  means this "Ecosystem is likely to grow"

Yes there are others squarely in the PoS camp, most with many of the challenges found here listed in Wikipedia

That said there are more in the PoW camp looking to refine PoW to be less of an energy hog.  The shear number of brains working on this problem are starting to bear fruit, the question will be can they match IOTA's PoW platform @ scale, or will they simply be content to focus on boutique value add features investors ,  operators  and retail/service outlets want and like.

Personally, #DASH, #Zcash, #TRON and few others come to mind along with #Tezos and especially #Cardano also come to mind as  innovators who will grab market share in the emerging game of crypto networked (#ERC20 and# UTXO)  advanced #FinTech features.

Will a Network of Crypto Currencies #PoW and #PoS equipped be enough to counter the Beast that is BIS?

Let's examine briefly what the current banking cartel is up to...

In the Belly of the BIS- Another flavor of Ripple- JP Morgan Coin Style?

For those immersed strictly in the world of crypto development and investment, it's time to pay attention to Rome and its 2000 year old banking behemoth, today found in BIS form, Likely Cryptocurrencies biggest future "Top Down" competitor.

A single, Central Bank Network controlled Digital Currency is coming and, it's likely to usher another version of Black October 1987, which directly threatens the existence of many big, medium and small  Commercial banks struggling to buy short term money to "loan out long" to the consumer. It's likely BIS and co. will wipe out/up most of the crippled banks out there, meaning UBI Universal Basic Income deposits to the consumer will compete directly with distributed cryptocurrencies for use in settling transactions and as a valid "store of value" in most consumers eyes, at least those which don't bother to do any home work on what is truly the best way to protect their "store of value'.

The Successful use of #XRP  (now called Onyx apparently, no mention of XRP anywhere...) altered to JP Morgan's own international clearing needs this past year is  certainly ushering in what many believe to be the BIS clearing  XRP model between central banks worldwide, the entities, mostly private, buying up Triple B bonds, tier 2/3 stocks now that A and AA bonds are all bought up and the big FT 100 shares have been bough  largely buy these same central banks to keep the markets afloat (buying time to re-engineer the money supply of Fiat worldwide as digital currency) . After all, if Ripple works for Moneygram and it does today, then XRP will work for UBI issued by any central bank converted into the local centrally controlled issue of XRPnat<<enter country name here>>.

BIS/Ripple Immunity- the US Treasury Fire Wall- The US Fed CDBC to US National Digital Currency Gateway

The players behind BIS (Canada included) is largely a Rockefeller and Rothschild  (uneasy) joint move to ensure the stability of their existing settlement networks SWIFT and IBAN to continue their operating dominance as private central banks worldwide, this time using #CDBC Central Bank Digital Currency. (in the form, likely, of Ripple XRP modified to BIS member liking) 

Where CDBC won't flow freely in a converted National form is the USA. The current US administration has placed the private US Fed under the management of the govt held US Treasury, a re-incarnation of the older JFK plan. 

How the US rolls out its own centrally controlled  National digital currency is still unknown, My best guess will be a partial return to gold backed paper, where gold is one of four or five key asset classes, where in fact crypto in the form of BTC might in fact be one of the US Treasury holdings backing up local US currency. I also expect other metals and even US plentiful commodities  also added to the US Treasury. So the spirit of JFK economic reforms live on, for now.

On November 3rd, 2020  we will all see if the JFK experiment in Trump form continues in the US.

If BTC gets added as one of the US Treasury Assets, backing their own National US currency, then most all of the crypto world will flourish.

If BTC is not added in to back the new US Local Currency then,  it's anyone's guess what the outcome of regulation will look like in the US for crypto. 

For the world, it might be a BIS triggered tidal wave of Ripple CBDC coming our way, in UBI form to further pacify the herd.

That's all for now, Stay safe and hedge with some metals, gold, silver, platinum, et al..

TK over and out

PS- A cryptocurrency not of the PoS or PoW camps to consider is  SafeNetwork (formerly known as MaidSafe, soon to be SAFE coin...) coming soon according to their own forum info. The SAFE is operating on the test network as we speak.