Post
Topic
Board Altcoin Discussion
Re: Proof-of-stake can never scale without blowing up, because PoS isn't trustless
by
iamnotback
on 14/07/2016, 04:55:05 UTC
Can PoS coins Hard Fork , Answer is Yes
Can PoW coins Hard Fork, Answer is still Yes.

I will address this because it is technical claim.

It is very difficult to hard fork a PoW coin, as evident by Bitcoin's block chain debate, the fact that Bitcoin was never forked (only a bug was fixed to make it agree with the protocol as specified), and also that Ethereum had to revert to voting by stake to take a vote to try to push the miners to support a fork.

Whereas, PoS coins have been forked by an exchange (as quoted from Vericon's white paper in the OP), something that could never happen to PoW coin with any decent amount of hashrate.

That PoS coins aren't forked willy-nilly is because of an adhoc social contract that records checkpoints and thus has centralized the coin. PoW doesn't require this because the math validates the time ordering.

Besides I have another design for PoW which will make it virtually impossible to fork the coin, because the miners will number (eventually) in the millions and they are transient (all the payers are the miners).

How much more disingenuous can this troll be? Does he refuse to understand that PoS places no computational limitation on how far back in the chain an attacker can begin attacking because there is no PoW cost to doing so (which is why checkpoints and a tenuous social contract are required).

On top of that, even after I asked him to not use blue text, he increases his use of blue text just to prove he is an insolent asshole that doesn't respect calm and sincere discourse.

Does he wish to have his reputation totally trashed by continuing to be disingenuous with me? Let's see if he wants to take me on. Come on fool!