A 51% attack on a Proof-of-Stake cryptocurrency is an unrealistic scenario and it's strange to bring this up as a critique against Spectrecoin.

Think about what you are saying Acura: You believe someone can acquire more than half of all coins (!) and then will use that to attack the chain? Even if someone somehow managed to acquire such an enormous amount of coins (I doubt it would even be possible) it would cost this entity unbelievable sums as the price would increase to unforseeable heights and he would be the largest stakeholder in the network. So what possible reason could this entity then have to attack his own stake after spending an insane amount of money on this? It doesn't make much sense.

The Spectrecoin developers have implemented a unique consensus algorithm (PoAS or 'StealthStaking') which makes Spectrecoin currently the only cryptocurrency that has truly anonymous staking! The dual-coin system of Spectrecoin is a massive advantage and not a weakness. It allows users to choose. It allows services to implement xspec whereas spectre might be more difficult, or technically or legally impossible.

To quote Satoshi Nakamoto: 'If you don't believe me or don't get it, I don't have time to try to convince you, sorry'

Acura, I will make a spectre transaction and you will tell me where it ends up ok? Since by your claims Spectrecoin is not a good privacy coin because it has a dual-coin system, it should be very easy for you to track this transaction. Let's see if there is some substance behind your claims or if it was all just hot air to pump your Pirate bags. I wish you good luck Wink

https://chainz.cryptoid.info/xspec/tx.dws?8d17d8ecd9e5e32c8c2eebd1efd0e670a84e374d7d147c9177f552c6de35d206

So please tell me where this payment came from and where it ends up. Hint: it originally was in public xspec. Since you claim Spectrecoin's dual-coin system is allegedly a privacy weakness, I am REALLY interested to see this proven now.

Riboflavv

Posts

Merits