Post
Topic
Board Announcements (Altcoins)
Re: [ANN][YAC] YACoin ongoing development
by
St.Bit
on 02/01/2014, 19:53:29 UTC
The new rules make it possible to destroy PoS since they favour PoW so extreme over PoS.
No, it does not favor PoW over PoS - both have the exact same value.
I'm not talking about individual blocks, I'm talking about the whole PoS system vs the whole PoW system.
It favours it since PoW can ophran a PoS but it's not possible the other way round.
That's something we want, but also something that brings new problems.

PoW miners will never be able to remove the whole PoS function and every block, but they could make the whole PoS system useless in order to maximize profits. I belive the rules you proposed are they only way besides CentralCheckpoints to solve the current doublespend problem.

They do come with some enourmous problems that we have to fix befor we implement them, later isn't possible. I don't think we can change your rules, but we have to add something to them to save POS. Doubling rewards for a PoW block after a PoS would strengten PoS but also increase inflation dramatically.

Then we would also have to change the chaintrust on PoS blocks so that always the biggest PoS candidate wins.
This will be a complex problem if we don't want to screw up.