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I guess... how long does it take to determine this? I have a transaction on a PoS PoS (lol) chain, and then... I guess... I've given my goods away for some coin
by codyb 5y ago
I guess... how long does it take to determine this? I have a transaction on a PoS PoS (lol) chain, and then... I guess... I've given my goods away for some coins. Now... it turns out my coins are lost because it was on the weaker chain?
Not trying to be disingenuous here. Is this occurring in a matter of a few blocks, a few days? Does this bring crypto closer or further from potentially being an actual currency one day?
I tend to think this centralizes things (PoS as opposed to PoW). I can't imagine I'd want to put my money into some whale controlled currency personally. But I'm not sure that part has really changed considering I think of PoW as relatively whale controlled (and rather centralized, and against all of the generally accepted Keynesian economic theories).
- slownews45 5y agoA POS POS chain may not have a ton of value or attacks. But when splitting off, ETC for example probably was hit by some attacks until the value was gone. The way it works is whoever accepted your coins can have them lost and you could respend them if you were the attacker. https://www.coindesk.com/ethereum-classic-blockchain-subject-to-yet-another-51-attack https://www.coindesk.com/ethereum-classic-blockchain-subject...