Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available
by
xman89
on 03/07/2014, 09:13:27 UTC
I think Dogecoin should go PoS... the sooner the better. This is to protect it's investors. Because if the price is continuing to go down, in not so distant future it would be trivial to make 51% attack.


Really , how much do you know about PoS and it's vulnerability?
And what about the 51% attack against doge? Do you know how much it will cost?

It will be far cheaper to attack a full PoS coin.

 PoW is more easily to attack because you don't even need to buy the hardware to make the 51% attack, you just can rent it for 1 day make the 51% attack and be gone.

 But if you try to buy 51% of the coins to make 51% attack on PoS... that is just insane... it is much harder to do and you can't do it fast.

 Look on coinmarketcap the top 10 coins and tell me how many of them are pure PoW?!

 Dogecoin is more flexible than the old behemoths (Litecoin and Bitcoin), so the transition to PoS would be much more easier.

 

This is wrong.

Don't talk about things you have no idea how it works.

PoW is considered safer than PoS - if you google for it you will find out why.

 "Google it" is not an answer nor argument.

 Also PoW is not considered safer, because it is not safer. With PoW you can have anybody make an attack... but with PoS he needs to have a stake.

 Many alt coins that were victim to 51% PoW attack have become PoS. Nobody ever have gone from PoS to PoW.

 Can you show me just one coin that have gone from PoS to PoW?!  You can't because there are none.