BitShares Forum
Main => General Discussion => Topic started by: CLains on June 08, 2014, 12:34:32 pm
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At the time of writing 7 out the top 10 most popular posts are about a potential 51% attack.
http://www.reddit.com/r/bitcoin
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+5% for that discussion
r/bitcoin realites the drawbacks of mining!!
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Peercoin using it for what it's worth already, from their facebook post,
Bitcoin is currently experiencing yet another 51% scare from the Ghash.io mining pool. If you decide to go into /r/bitcoin to tell them how Peercoin prevents the centralization of mining pools, take some ammo with you. This presentation explains everything about it: http://imgur.com/a/dG66c
Be warned though, they'll most likely attack Peercoin for its checkpoint system. Here are Sunny's comments on it from the interview yesterday...
"The checkpoints is there for temporary protection. It can be removed right now, but unlike some of our competitors who don't quite care about security, I take it very seriously. Last time I mentioned that even though proof-of-stake security is getting stronger during last year, we could do a lot better still."
Once network security is at an appropriate level, checkpoints will be removed, but not before then. We're working on 2 things that can increase network security, cold-locked minting and increased minting incentives. If all goes well, it's possible that checkpointing could be removed in v0.5.