Post
Topic
Board Bitcoin Discussion
Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)
by
Come-from-Beyond
on 13/02/2014, 05:41:06 UTC
I have already explained upthread that Proof-of-Stake is not secure because essentially you must trust those with the largest stake (and it can't distribute new coin out to the people through mining in a competitive manner).

It seems to me that the creator of Nxt fixed PoS by adding Transparent Mining. He also invented another "mining" algo that doesn't use "coin-days".