3 ms·
So new users don't have proper security guarantees? That seems like a somewhat serious flaw.
by benchaney 10y ago
So new users don't have proper security guarantees? That seems like a somewhat serious flaw.
- drcode 10y agoYes, this is the weakness of POS systems. Of course, with a POW system new users still need to get a trusted copy of the genesis block.
- lappa 10y agoThey don't, however, need trust to determine which chain has had the most work done on it. An alternative genesis with much less work done on it is suspect immediately.
- murbard2 10y agoNew Bitcoin users also need to rely on trust to find out Bitcoin's genesis block. Yes it's trivially solved, but the same is true for PoS as long as the epochs are long enough.