Re: Proof that Proof of Stake is either extremely vulnerable or totally centralised
If you modify the wallet client to place false time date in the blocks , all you are doing is making a hard fork that the other nodes will ignore.
No, monsterer is right here. You cannot differentiate a blockchain with "fake" timestamp and one with "real" timestamps.The blockchain is a relatively simple database. It's only possible to check if the hashes correspond to a real block.
So less assume there are no checkpoints to block it.
If the Main Chain is 3 months ahead of your fake chain, (because you purchased old keys)
Detail exactly how you are going to fake the time stamp on your fake chain blocks.
Detail exactly how you are going to fake the required time & hashes between blocks so it's difficulty # matches or exceeds the main chain, while also exceeding the block height.
Your Fake chain has to exceed the length of the main chain and has to have a higher difficulty level for it to be accepted over the main chain.
* Feel free to demonstrate on any PoS coin you own, and prove your theory. *
* We'll need copies of the main chain and your fake chain as proof. *
FYI:
If someone steals coins with a fake wallet download, the incentive is to sell the stolen coins for profit, not waste effort trying to destroy their ill gotten gain.
It be the same as robbing a bank and then setting the money on fire.
FYI2:
N@S is not impossible, just an extreme waste of time and resources, which is why no one has ever even bothered to write a multistaking client.
The supposed benefits are mere hype and bullshit. It won't grant anything worth the time or effort of running one.
You drive up your needed resources for no real benefits.