Post
Topic
Board Speculation
Re: The BTC price is too high for it's current security model
by
r0ach
on 28/07/2014, 14:33:37 UTC
What are you trying to say here? Coin weight in a Proof of Stake type model only deterministically gives you control if you own more than 50% of the coins.

I don't have time to reply to all this right now, but it's pretty common knowledge that you only need 51% of coins currently staking to control the network and not 51% of total coins.  Using coin age as a finite resource in this system just makes it easier to attack, which is why NXT never used it, and why Blackcoin is removing it.  Reputation makes a much better finite resource than coin age and makes it so large holders can't perform effortless attacks, just like how PoW works.