Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
aigeezer
on 07/09/2014, 21:45:33 UTC
In a PoS currency how do you guarantee that a 51+% stake holder remains a benign actor?

It's only logical that the 51% group of holders will not have bad intentions against a currency that they themselves have a majority stake in.


For individuals behaving rationally in a closed system that is true. With entities that may have some overarching agenda, such as, hypothetically, the dominance of a competing currency, then the cost may be well worth while, despite "collateral damage", as it were.