Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
Alphi
on 16/07/2014, 04:24:22 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

well then if they said what I said and what you said then that must mean we agree. lol

and sure there could be a community based mutiny but as I said it wouldn't get very far when mintpal and the other exchanges are using the coin daemon supplied by the dev team.

doesn't matter how many people disagree with the rollback, they are forced to update their wallet when they realize they have nowhere to trade their coins...

I'm not saying that to be cruel to those people who didn't want the rollback, just telling it like it is.

it reminds me of the "choice" people had when TV switched from Analog to Digital... "sure you can keep your old analog tv you dont need to update to a new digital one... oh and one other thing.. we are going to turning off the analog signal.. but you can still enjoy watching all that free to air static on your screen" lol