Post
Topic
Board Development & Technical Discussion
Re: Proof that Proof of Stake is either extremely vulnerable or totally centralised
by
monsterer2
on 26/07/2018, 13:22:38 UTC
My question is this:
Let's say their are no checkpoints , rolling or coded.

Someone buy the old private keys or at some point just actually owned over 51% of a coin total.

Say they try your attempt , but it was 3 months earlier when they owned coins.

The Blockchain has 3 months of confirmations ahead of them at a rated say 1 minute interval.

How do they ever catch up , with the block height of the main chain, won't they always be ~3 months behind?

* Now if you say it is possible to trick the time setting and somehow condense those 3 months into a day, please provide details or proof on how that is done.*

Because block production has zero cost, and there is no way to objectively verify any given block as being created at time T.