Post
Topic
Board Altcoin Discussion
Re: Decentralized Timestamp
by
bluemeanie1
on 20/05/2014, 16:42:38 UTC
I believe PoS could be used to raise the cost for an attacker further.  To date all the concepts I have sketched out have limitations I a find unacceptable but I believe there is a solution. Imagine if someday the hardware cost to attack the network was $5B but it also required another $50B in stake as well.

Here you are admitting that Bitcoin as it stands has a significant weakness.

-bm