Post
Topic
Board Bitcoin Discussion
Re: Szabo just tweeted this
by
Sentinelrv
on 21/08/2015, 17:09:05 UTC
whats interesting is Peercoin Achieves the second, now by design.
By, by design, requring the blockchain to be periodically signed by a trusted authority... you have a weird notion of resistance to state attacks.


This won't be the case forever. As many Peercoiners know, checkpoints are similar to training wheels. They are an added protection when the network is young. Once minting participation increases and the network strengthens, centralized checkpoints will be removed by Sunny King and Peercoin will be able to exist without them.

The Nu Network, which is one of our Peercoin forks has already removed centralized checkpoints due to its higher participation of minting by shareholders. The participation is higher because of the requirement of shareholders to place votes when minting, which are needed in order to successfully run the network and change the supply of NuBits. Nu has run without checkpointing for almost a year now with no problems and Peercoin will eventually reach this state. It's just a matter of time.