Ok let me try to explain it.
POW is very heavily work-incentive. Bitcoin was the first cryptocurrency right? And that came with POW, they are burning a lot of electricity and other resources for building the mining computer centers. If you compare that with DPOS, that initially could basically run on minimum 20 raspberry pi's, if you dont know what a raspberry pi is then here it is:
Then there is a huge difference.
Today it seems like the witnesses are running more heavy services and APIs that demand more computer power (if anybody know the details of this today, then please tell me), but I am no expert on the details of that, I guess Hive could run on 1-3 households electricity and that is still A LOT less then Bitcoin and other POW coins uses of resources.
"To my understanding POW, POS, etc. are algorithms for distribution" <<-- no POW, POS, DPOS and POB is work for the creation of the new coins.
The term "creating money out of "thin air"" came from describing how fiat money works, you must have been misinformed in some shady troll box or something. Central banks are creating money out of thin air, true cryptocurrencies are not, they are "hard money" similar to gold and silver.
Some brainwashed dude (themarkymark) made some stupid posts about LasseCash which was pure misinformation. We are the only ones to reward "Anarchy, Crypto, Truth".. he believe in the planet, whereas we know its flat and reward posts about it. So he is brainwashed with too much fiat money at his disposal, dont listen to him.
HEX has centralized ownership and did 1800x since inception 1,5 years ago, it turns out that centralized ownership works in the real world:
I was myself thinking for years that decentralized ownership was the goal, but after I saw what HEX did, 1800x in 1,5 years, while Hive has been sideways for 5 years, then I believe in Richard Hearts statement that decentralization works very well for censorship resistance (DPOS), but centralized ownership works very well for price appreciation.
RE: Hive - 1 cent this year?