As long as *MINER is devoting more resources to mining than at least 50% of the rest of the network, there is nothing that can be done EXCEPT THE COMMUNITY DEVOTING MORE RESOURCES THAN *MINER, that will prevent *MINER from controlling the network. This is a universal truth for all *coin(s) Senj's changes will not fix this, Gavin's changes will not fix this, Satoshi's changes will not fix this. The fact that many of you have now committed to no longer mine and/or stake while waiting for a wallet change that you think will fix the issue is certainly making it look like " all over red-rover" to me though.
In the words of the CREATOR of PoW/PoS, "Controlling 51% of hashing power in ppcoin network does not get you direct control of block chain". It concerns me that as a 'main developer' you don't understand the basic concept of PoW/PoS.
You are right (by luck it seems) that if you control both PoW AND PoS, then it will take sheer resources to overcome that attack.
utc.tumblingblock.com has well over 50% of the network hashrate for ultracoin, yet I can solo mine ultracoin and have little or no problem with orphans at this very moment.
I also need to explain to you a very basic concept of how mining works... If it takes more resources (energy cost) to mine a coin, than what you receive in rewards, then it really doesn't make sense to keep mining it does it? At that point, it would be make sense (more cost effective) to buy coins on an exchange. I don't have enough resources at this moment to overcome the attack, but if you understood PoS/PoW, you would know it shouldn't take a lot. I have multiple PoS inputs trying to stake (unsuccessfully) every single day.
Following your mindset but adding in the understanding of how mining works, the realistic course of events that would have to occur is for the price to drop so much that it is a) no longer profitable for the attacker to dedicate so much of his resources and/or b) the attacker misses, and realizes, the opportunity cost of mining other coins. Of course, there is the possibility that the 'malicious' miner simply will waste resources to destroy YAC or somehow believe that mining at a loss is the best course of action.
If the community as a whole is unable to gather the resources to thwart *MINER, then possible the best move at this point, is to follow YbCoin's lead and move to POS only.
In my book, you lose all intellectual credibility with this statement.
I have expanded my rigs, which means I have invested more risk and more capital, to help secure the network. I also have large inputs of PoS trying to stake every single day. Luckily, senj understands the issue.