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Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
gimre
on 26/05/2014, 20:10:48 UTC
Some PoW people even don't believe PoS is secure:   https://bitcointalk.org/index.php?topic=615843.0

Is POI reviewed by any crypto expert and proven to be secure?

I've read this thread ago, when it comes to NXT implementation of PoS, arguments are simply wrong.

Let's assume you have a lot of NXT. The fact that you can forge block with n traansactions with score X, doesn't mean that at the same time you can forge block B with similar score.
So yes in case of PoS you could SEARCH{*} for a block that would give you best score, but that doesn't mean it is beneficial for you to run "multiple forks simultanously".

{*} by including or excluding some of the TXes

People seem to simplify PoS to "bigger stake -> better 'mining'", when that's actually not the case.