Post
Topic
Board Altcoin Discussion
Re: Nothing-at-Stake & Long Range Attack on Proof-of-Stake (Consensus Research)
by
inBitweTrust
on 17/01/2015, 17:23:20 UTC
... which would take about 5 seconds to verify. It's public info (in fact in the blockchain) and 3rd grade math. No user could have had close to 10% of the stake.

It is a premined ICO with only ~70 participants. The original blockchain explorer reflected granularity from 10 million to 100 million  instead of 1 million to  1,000,000,000 as shown here: https://nxtblocks.info/#section/blockexplorer_distribution

I was able to calculate that between 4-14 individuals control 51% stake in NxT at the time which indicates there could be a few people with over 10% stake. In fact it would be surprising that a couple of the developers didn't hold onto at least 10% of the premine.

No user could have had close to 10% of the stake.

How could you possibly know that?


This isn't a research paper refuting the previous work but just a statement just like below:


https://nxtforum.org/consensus-research/multibranch-forging-approach/?PHPSESSID=qi7nicmsk2cmc6ri87mtrstcd6

Quote
And I agree,  all Proof-o-Stake currencies share N@S concern. Even more, they share much more. So it will be cool to share research efforts as well.

Or are you just playing a semantic games and claiming that a little effort is expended in performing a N@S attack therefore it technically shouldn't use the word "nothing".