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Development & Technical Discussion
Re: Proof that Proof of Stake is either extremely vulnerable or totally centralised
by
funkenstein
on
05/03/2016, 14:30:16 UTC
Quote from: BARR_Official on March 05, 2016, 02:01:28 PM
Quote from: monsterer on March 05, 2016, 01:52:14 PM
Quote from: LiQio on March 05, 2016, 08:32:14 AM
Quote from: monsterer on March 05, 2016, 12:06:17 AM
If you remove the miners, you are investing in nothing. That is PoS in a nutshell.
As long as you believe this, any discussion is pointless.
It's economic nonsense, plain and simple.
Check the OP - that is what this entire discussion is about.
PoS is mining. It's cpu-mining, not much different than what satoshi designed for Bitcoin.
But while anyone can attack a PoW coin, nobody can attack a PoS coin without investing first. Even in your scenario.
Anyone can mine a PoW coin, nobody can mine a PoS coin without investing first.
FTFY