Quote from: onemorebtc on July 15, 2014, 08:31:55 AM

Quote from: Este Nuno on July 15, 2014, 08:27:09 AM

Quote from: smooth on July 15, 2014, 06:18:34 AM

6. PoS

What? PoS is potentially the most revolutionary development in cryptocurrency tech since Bitcoin. Just because some people have taken advantage of the hype doesn't automatically brand any PoS coin a 'shitcoin'.

as long as a pos system does not gets the same attention from security specialists as bitcoin i consider it flawed.
security/crypto is not something a programmer can get right without much training in the field

but the main problem (for me with pos) is basic-logic: i dont think its possible to secure a system with itself. bitcoin uses pow: which essentially means you need to get hardware and this hardware needs time to do some work: thats the key. its a physical key which lies outside the system.
my coding experience tells me: it is impossible to build something secure on an insecure base.

That's fine. It's still a technology in development. The debate is still on going and interesting. Which is why I'm incredibly suspect of anyone who just outright dismisses it. Having doubts like you do is part of the process. But listing along with things like pre mines and such is either intentionally misleading or cognitive dissonance.

I'd be surprised if one year from now we weren't looking at a generally agreed upon and robust PoS system. There are a lot of great minds working on it right now and on the other end of the spectrum equally great minds criticising it. Which is a good recipe for innovation.