Post
Topic
Board Altcoin Discussion
Re: Which altcoins are most attractive to people not in crypto before?
by
Scalextrix
on 20/03/2016, 09:10:55 UTC
I do not see a problem with proof-of-stake really, could you explain further?

...

...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.