Post
Topic
Board Altcoin Discussion
Re: Proof of stake instead of proof of work
by
ChuckOne
on 17/05/2014, 20:28:58 UTC
Chuck, based on your responses, you do not seem to be making a distinction between an initial release of software as a "centralized authority" and a checkpoint that was later announced for users of an existing cryptocurrency.

Exactly, because I cannot prove the past.

From an abstract point of view, it makes no difference if the block height is 0 or if it is X when currently being at X+T and T is huge.

One could use a client using X as a checkpoint (for whatever reason) and have no problem at all.
One could use a client using 0 as a checkpoint (for whatever reason) and have no problem at all.

One could use client using X as a checkpoint (for whatever reason) and be on a fork.
One could use client using 0 as a checkpoint (for whatever reason) and be on a fork.

Substitute X and 0 with whatever symbol you see fit. They are equivalent.

EDIT: And here you see again, you have to verify or trust the last checkpoint.