
Why is ETH switching to a POS system? I think this could be a bad idea since in a POS system only those who control the most currency can mine coins. This sounds like Ethereum developers are trying to manipulate the currency so only they can control it and mine coins. I hope ETC does not implement this system. Maybe if the POS does not work ETC could pass ETH if everyone doesn't like it and switches to ETC instead, as long as ETC doesn't switch to POS over POW, ETC could work out better if POS turns out to be a failure then their will be no way for ETH to go back to POW.
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