Quote from: Alphi on July 15, 2014, 11:20:26 PM

Quote from: pingdigi on July 15, 2014, 10:36:22 PM

Until it's technically impossible to rollback the chain, this "problem" will continue. The argument of "I don't like what the VeriCoin devs did, I'm going to buy coin instead" doesn't hold because all other cryptocoins can be rolled back as well. Just because the devs say they won't doesn't mean they can't!

this simply is not true at all...

in a PoW coin you have to convince the miners to adopt the new fork.
If 51% of the miners do not agree then the fork simply does not happen.

due to its size and also its PoW implementation it would be virtually impossible for the bitcoin devs to do something like this with bitcoin without first gaining the consensus from mining community.

miners play a vital role in securing the network not only from outside attacks but from internal misuse of power. they are separate from stake holders with separate interests so they act as a counterbalance.

in a PoS coin there are no miners so there is no separation of powers.
in theory stake holders should play that vital role of making sure that power is not abused.
in practice however.. stake holders do what they are told or get locked out of the system.

this is not just a problem for PoS coins, it does affect all small growing coins, the PoS part merely amplifies problem because some crucial checks and balances are removed.

so I reiterate that it really isn't true at all so say that ANY coin can be rolled back. Some are many orders of magnitude more difficult to roll back than others.

the best example are all the miners mining at ghash.io with 51+% am i right? Roll Eyes

pos/pow have the same problems