Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed? I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS?
https://bitcointalk.org/index.php?topic=168924.0 "There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
Try find ra4t posts, main dev of this coin.
Generaly there can be forks problem with POS but
R4t make something in code to prevent it and it works.
BC hasn't forked even once...
Some coin wanted copy BC (r4t changed some parameters)
they have forked few times in same night. I can find that coin for you.He called it Black magic.BC is safe so far i think he found some solutions to that.
Probably he found some good parameters to prevent forks.
I don't have reason to not believe him.
