Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
digitalindustry
on 06/09/2014, 16:05:09 UTC
In a PoS currency how do you guarantee that a 51+% stake holder remains a benign actor?

This is very hard and in fact the biggest issue with the approach (how do you know that a group of "large stake holders" haven't decided to collude?).

I think PoW is not going to die any time soon and that PoS approaches can be used to create "other chains" which will probably be "less secure" (but much more energy efficient).


global verification system. (its all coming together)