Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
duru
on 13/07/2014, 17:25:19 UTC
so, the question of "what security risk" is involved in POS coins that every coin is susceptible to just got answered in the most brutal way possible.
?

VRC 51% attack just became a very real scenario, they don't need half the coins... just half the staking amount, of which more than 51% was stolen. I cant say whether that is the problem cloakdevs fixed or not, but I imagine it has something to do with that. It's at least a sobering reminder to keep your coins in your wallet...