Post
Topic
Board Announcements (Altcoins)
Re: [ANN][YAC] YACoin ongoing development
by
St.Bit
on 02/01/2014, 19:03:43 UTC
Also, the gain from orphaning PoS is ZERO.
It feels like this could be used so game the system.

The new rules make it possible to destroy PoS since they favour PoW so extreme over PoS. Maby there isn't even a profitable exploid for them, but we surely couldn't rule that out. If there is one we couldn't fix without a hardfork and that's something we couldn't agree on.

On the other hand a lot of important groups could egoistically benefit from a non working PoS system. Miners would love to mine all blocks and rich people would like to exclude most other people from PoS. It doesn't matter that 99.99% get screwd in the current banking system as long as those 0.01% can make the rules and profit from them.


We need to find a way that favours a combination of PoW/PoS over a system with just one of those. The "no 2 PoS-blocks touching"-rule prevents PoW to extinct, but how can we protect PoS*?

The current system also protects both, but unfortuneatly it doesn't work. If we want it to be fixed with something that doesn't risk PoS or PoW. (Even if that is CentralCheckpoints, but I really hate that)


*)In a useful form. A fixed fee, f.e 50YAC/PoSbock wouldn't affect me at all, but most others couldn't PoS anymore and so make it useless. I'd even benefit from everyone having to pay such fee.

Sorry that it took me 20replies to write this. I will comment on those once I've read them.
Never took me so long to formulate an idea