Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
Fuserleer
on 11/01/2016, 15:30:31 UTC
Are you refering to this http://blog.emunie.com/?p=53 ?
Where do you see the similarities to POS ?

No, it was on these forums - there was a consensus primer, but it lacked critical information. What I could discern at the time was that it was vulnerable to long range attacks (like POS), and there were edges cases around when the validating nodes changed. Both of these problems challenge the idea of an append only ledger, unless you add trusted authorities.

Did you announce the details of these long range attacks you perceived, I don't recall.  

Also the voting nodes change at specific intervals, theres an edge case where the majority of the selected voting nodes are offline, or unavailable and dont vote.  That then results in a failed vote and the ledger state is in "limbo" until the next set of selected voting nodes then vote.  As they are voting on the state of the ledger, their vote encapsulates the data as a matter of course from the missing vote.  Not really a critical issue.