I’ve been really thinking about the devaluation trend of the network and to me the problem is the that there is not enough incentive for holders to hold AE, or for new holders to join in.
In this situation, miners also don’t have this kind of incentive and are dumping the mined coins on the market and the declining trend is non-stop.
If the block reward went to the people who are going to support the network in long-term (to the ones who are holding the coins), they would also hold the new issued tokens and the price declining would most probably reverse.
Waves already has PoS with bitcoin-ng, so its doable.
Why doesn’t AE team consider switching to it?
One of the core promises AE made with the whitepaper was that people would be able to mine it even with smartphones. This is not economically feasible with cuckoo, but with a PoS, it would definitely work.