Quote from: TPTB_need_war on March 20, 2016, 02:07:06 AM

Quote from: spassbold on March 20, 2016, 01:45:55 AM

I do not see a problem with proof-of-stake really, could you explain further?

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Quote from: TPTB_need_war on March 19, 2016, 06:40:49 PM

...rely on the centralization of proof-of-stake which destroys the Nash equilibrium security in a power vacuum winner-take-all political economics...

Yeah but Gridcoin isnt Proof of Stake, its Proof of Research. The PoS is combined with the BOINC work which changes the way it works, staking a block isnt purely based on the coin age.

I get much more reward from my BOINC contribution in each block than from the PoS interest, so there is no barrier to me overtaking a larger coin holder if I exceed their BOINC contribution. The last block I got 3-1 BOINC versus PoS.