$500 million a year is not that much when you compare to something like Apple corporation which has a value over $600 billion.

I thin when the block reward halves it will make a big difference, as the difficulty will also be much higher by then.

It will not help either.

Distributed Consensus from Proof of Stake is Impossible ( by Andrew Poelstra, May 28, 2014 )
https://download.wpsoftware.net/bitcoin/pos.pdf

(From my side this link is unavailable now. Does anybody know the mirror link?)

You're so clueless and a parrot of myths, it's embarrassing. Somebody please attack NXT and finish off its 11-month run, I am sure it will be no more difficult that taking a morning crap.

A NAS attack with a PoS typically would happen from one of the original stakeholders. Thus the threat of an attack is always looming just like the threat of Satoshi dumping his 750k - 1 million coins on the market.  

Just because an attack is difficult or unlikely doesn't mean that it isn't worth considering. Any serious security researcher goes out of his way to consider all vectors of attack and protect against them.

You are in serious denial if you believe the NaS is a myth.

I suppose you consider all Vitalik Buterin research mythological too, right?

https://blog.ethereum.org/2014/10/03/slasher-ghost-developments-proof-stake/
https://blog.ethereum.org/2014/07/05/stake/

There are many different types of attack that harm a currency. Your delusional attitude suggesting that PoS is uncrackable needs some serious reflection. We just witnessed a single DPoS developer leverage a competing DAC to undermine the currency by switching it from a deflationary one to an inflationary one for the express purpose of paying for dev and marketing salaries. If you don't consider that an attack on certain stakeholders than you really aren't serious about security.

Don't quote mine without talking about the full context!


So are you admitting that Nxt has some yet to be resolved security flaws?

Lets say John have 100$ and he buys 0.3 bitcoin from miner and miner uses that 100$ to pay his debts and also buys new pair of jeans. So this is money "going out" of bitcoin ecosystem? And when John have 100$ and he buys 0.3 bitcoin from whale who bouht his 1K bitcoins 1$ each few years back, and this whale uses this 100$ on hookers, thats money "staying in" bitcoin ecosystem?

NXT will do fine as long as it's run by benign technocratic overlords, like pretty much every other currency in the world.

Bitcoin is a trust-less currency, able to do the one thing PoS coins can never do; Attain a decentralized consensus among hostile parties all over the world.

If you don't want to attain a decentralized consensus, then why bother with cryptocurrency at all?

I'm talking about the source code on the final adjustments of how transparent forging will function. The details on the whitepaper hasn't even been released let alone the source code for these changes.

So you agree that there are some security flaws within Nxt and NaS isn't a myth?

You're right that the source code of TF is not available yet. I meant the source code of the current version 1.3.1 is available for anyone's review.

The N@S security flaw you're referring to is only a theoretical flaw, orders of magnitude more theoretical than powerful entities coercing large Bitcoin mining pools to fulfill their agendas. In particular if you hope to get private keys to a few large balances in the past and forge a chain that others would have to accept, you will be in for a big surprise. If you need details on that protection, please visit nxtforum.org, this is bitcoin's forum after all.