Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
jl2012
on 17/09/2014, 15:38:47 UTC
Is there a rebuttal from the PoS crowd to this:
  https://download.wpsoftware.net/bitcoin/pos.pdf

... other than "sure, the original PoS ideas were flawed, but the latest MegaUberPoS system gets it right and nobody has figured out exactly how to break it!"


I am not the best person to discuss the technical details here, but how do you explain PoW altcoins are easily 51% attacked to death. But then PoS altcoins all avoided this fate, and most of them (the non scammy ones), works and works well. Clearly when put in a equal competition (altcoins), the PoS system came out on top in an equal competitive environment (without early start advantage etc...).

Currently top 6 marketcap:
1. Bitcoin (early start)
2. Litecoin (early start)
3. Ripple (not PoW nor PoS, possibly a scam)
4. BitsharesX (PoS) (DPoS)
5. NxT (PoS) (possibly scam distribution)
6. Peercoin (PoS) (PoW initial distribution)

The answer is here at section 6.4: https://download.wpsoftware.net/bitcoin/alts.pdf