Ninjastic
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Board Altcoin Discussion
Re: Proof-of-stake can never scale without blowing up, because PoS isn't trustless
by
presstab
on 16/07/2016, 21:29:29 UTC
Quote from: criptix on July 16, 2016, 07:41:43 PM
Quote from: presstab on July 16, 2016, 07:38:24 PM
Quote from: iamnotback on July 16, 2016, 05:26:23 PM
Charles has agreed that PoS requires centralized checkpointing:

https://www.youtube.com/watch?v=6zP4Chk8g7A#t=1632

You will need some hard checkpoints. In my opinion, a widely disbursed and actively staked coin does not need a checkpoint server. So the centralization would come from the source code, just like the protocol rules do for every coin.

you either have checkpoints or you dont. having just some hardcoded checkpoints makes no sense? Huh

There is a big difference. In one case the checkpoints are controlled by a single node and are given out to the network on the fly, in the other case there are maybe 5-10 hardcoded checkpoints in the source code.

In the case of a checkpoint server, it is truly centralized control and choice of the chain. In the case of the hardcoded checkpoints, it is simply cementing in the blockchain, usually months or more, in the past. There is a huge difference, don't know how you could argue that there isn't. In one case you have trust in one specific node, in the other your trust is given to the source code that you built from.