Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
criptix
on 16/07/2014, 03:04:15 UTC

hope your listening to it.. they explained pretty much a lot of what I have been saying this past couple of days. (even the big difference between 51% PoW and 51% PoS attacks)

the only thing I don't agree with is that people had a choice to accept the rollback or not......

yes sure they could NOT update their wallets.. but if they did that then they would not be able to send coins to any of the exchanges or use any of the vericoin services so it really wasn't much of a choice.

everything else they said I pretty much agree with.



that what they explained was exactly what i told you l0l


and btw everyone can decide to not update their wallets, there were alot of community takeovers with new devs already if there was really a will to do it.
but there is no reason to do so.


/edit

also for you guys who want to know more about Proof of Work and Proof of Stake: https://en.bitcoin.it/wiki/Proof_of_Stake