Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: PoS is far inferior to PoW - why are so many people advocating switching to PoS
by
gatra
on 12/11/2014, 16:46:52 UTC
Quote from: achimsmile on November 06, 2014, 06:55:42 AM
Quote from: bornil267645 on November 06, 2014, 05:44:28 AM
Quote from: Kimowa on November 06, 2014, 04:21:37 AM
Quote from: kokojie on November 06, 2014, 04:15:14 AM
If you reverse PoS and PoW in your post, then your post would be 100% accurate and correct Smiley
Doesn't it cost nothing to attack a PoS coin? While you must use actual resources to attempt to attack a PoW coin?

Exactly, I thought attacking PoS coin is much more cost free (next to nothing) than attacking PoW coin.

You just have to buy 51% of the currency or track down majority of stakeholders and compromise their private keys. Much cost free

lots of people seem to believe this (I think it's even mentioned in Sunny King's PPC paper), but it's not accurate: you need 51% of the actively staking coin-age. That's much, much, less than 51% of the currency.
I had some ideas to help fix this, I'm working on it.