Post
Topic
Board Altcoin Discussion
Re: Guard against 51% attack?
by
hacknoid
on 09/01/2014, 17:39:17 UTC
Would it be beyond reason or scope for developers of bitcoin to implement a hybrid proof of stake / PoW system?  Is it too late to do this?  This gives much more security to the chain as it requires both 51% of all coins AND 51% of network hash to be owned by one person or pool.

Interesting solution.  Apparently discussed before, for example, here.

While I have strong faith in Bitcoin and in general in the community, this issue does concern me, especially with the way mining is going.  I'm just thinking there has to be a solution, hopefully without requiring a hard fork.