My first post, hello everybody!
I went to the Sydney Bitcoin meetup last Wednesday and met Max, who introduced me to Ethereum (thanks!)
I asked whether or not Ethereum would use PoS, and he indicated to me that in his opinion it could create some kind of chaotic closed-system feedback loop. I vaguely understand the concept, but I'm not sure what it would look like with respect to a PoS blockchain. I was wondering if anyone could provide an example case, or perhaps a link to an existing discussion on this aspect of PoS elsewhere.
I'm personally in favour of Proof of Stake if it can provide the required security because of it's efficiency. DAOs are appealing for this very reason, and it would be a shame to create a standard for a minimal framework that is less efficient than necessary.