Post
Topic
Board Altcoin Discussion
Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS
by
LiQio
on 12/11/2014, 05:52:53 UTC
https://download.wpsoftware.net/bitcoin/pos.pdf

That paper explains why Distributed Consensus from Proof of Stake is Impossible

This paper is a lot of text that concludes that N@S attack is a "big problem".

Let's wait for such an attack to be successful (bring down NXT) before we conclude that PoS is impossible.

In the mean time let's simply assume that PoS is possible and saves a substantial amount of resources  Wink