Edit: A follow video has ben made addressing most of your comments (watch this before commenting)
Delegated Proof of Stake (DPOS) non-technical whitepaper
Previous discussions on DPOS security
Podcast – Andreas Antonopolous and others critique DPOS (starts at 12:00)
Intro to DPOS (includes great prediction from Gavin Andresen)
Success Council offerings
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Is this the reason the bitcoin price is not exploding right now?