Post
Topic
Board Altcoin Discussion
Re: Proof of Stake Mining and NXT's and PPC's Implementations
by
No_2
on 27/06/2014, 15:42:32 UTC
Here is the main problem with Proof of stake

https://bitcointalk.org/index.php?topic=615843.msg6751334#msg6751334

PoS need some form of trust like checkpointing or web of trust solutions to solve the problem which undermines the trustless nature  of cryptocuncies. IMO opinion we should aim for algorithms that make crryptocuncies more trustless i.e. removing dependence of pools etc

Thank you for this, its a very interesting point. Am I correct in thinking that PPC is SHA-256 hybrid in an attempt to rectify this ability to rewrite coin history if you were a large coin holder in the past?