Quote from: tspacepilot on July 08, 2014, 11:17:40 PM

Quote from: foodies123 on July 08, 2014, 10:39:30 PM

Quote from: tspacepilot on July 08, 2014, 10:19:55 PM

Quote from: foodies123 on July 08, 2014, 10:05:52 PM

spv don't play with pos thus there is no security against malitious nodes thus timebomb.

What is spv? PoS is 'point of sale', right?

spv is a verification process that only requires block headers to be verified and not the whole chain downloaded because it's too big for phones. pos is proof of stake I presumed.

Aha, thanks, yes, I understand now. By "template" he's talking about the fact that the schildbach wallet is open-source/GPL so you can start with that as a starting point. Now I understand why he's talking about scrypt coins. This makes more sense than point-of-sale system... lol

It's natural that you haven't made a correlation since POS is inherently flawed and shouldn't be used at all until it's heavily patched against all the problems it has thus no serious crypto enthusiast should put much thought into it as of now.