Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE
by
earlz
on 09/09/2014, 16:34:54 UTC
PoM is flawed and will enable very easy double spends.

Even though a 51% attack will yield no rewards from the block reward, it can still be easily used to overwrite transactions with 6 or more confirmations. This is a fundamental flaw with the design.