Post
Topic
Board Altcoin Discussion
Re: Proof of stake instead of proof of work
by
Jori
on 24/04/2014, 08:01:49 UTC
POS has its own very serious problem:

Someone with a stake can spend it to mine any number of forks simultaneously.

In contrast POW can only be created on alternatives if computing capacity is split between them. This forces convergence while POS does not.

What attack could potentially be launched from mining multiple forks simultaneously? What would be the potential gain of someone doing that?