Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
btminer8
on 16/07/2014, 11:05:00 UTC
It is not like the developer team decided to hardfork the blockchain for personal gain.

Let's imagine a scenario when the developer team or a government did it for personal gain or political reasons. What would be the consequence?

What would you do if you own that coin?

Would the majority refuse to update the wallet?

Would a group of people to come forth and take over the development of the coin?

This is the nature and beauty of decentralised & open source network.

If you try to dictate and insist what a coin should do or not do, isn't that contradicting?

To be fair all PPC POS builds are broken
and relay on centralized checkpoints servers
you have no freedom which client you will use
developer choose it for you(with exchanges i guess)...
that is why you need p2p exchanges markets projects like ( Bithalo/Blackhalo , Decentralized exchange counterparty to be able use currency on your own )
but 1st broken POS have to be fixed...


"centralized checkpoints servers"

Same as bitcoin and another other altcoin. They are call supernode. They are centralized.

What is stopping opposition from setting up checkpoints server if they decided not to follow the fork?

What is so difficult to change p2port of the wallet so each individual fork doesn't connect?

Yes i am excited for Bithalo and other decentralized exchange, as we are moving away from centralised exchange this would greatly reduce the risk of such problems for PoS coins.