Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1031. (Read 2509934 times)

Im making some buttons with a flat back, because of the flat back you can glue, stick, put them anywhere. And it just looks like a coin too.

Which one? Cant decide. Sorry for bad quality, only had low-ress images.

http://i57.tinypic.com/97mdex.jpg

When I try to compile BlackCoin-qt,
I get this message
How can  I solve it?
Can anybody help me?

This.  Although the math may make sense in a 'laboratory environment' the simple fact is that there is no comparison between PoW and PoS as far as actual operation.  If the BTC blockchain was secured by every open wallet, to the exclusion of PoW block creation... then the likelihood of a successful 'forgery' would drop to a value not even statistically viable.... as you would need to control not only the majority of the hashrate, but also a majority of the active addresses represented by the wallets themselves.  This would basically have 1 chance of success and about a billion of failure... every time you tried it.

To some extent that's what you have with PoS... as the 'mining' is done by the wallet - with near 0 energy cost, and at a speed which is very fast... there's really no 'downside' to staking other than from a personal security standpoint (which to me is the real achilles heel of PoS in some ways).  In other words - if you aren't afraid of having your wallet on a computer connected to the Internet - then there's no reason to not be staking your coins... as 1% is still pure profit!

In reality, the biggest mitigating factor to this 'problem' with PoS coins and BC in particular - is market cap.  Right now (provided people were willing to sell that is) you could theoretically buy enough BC for about $1M USD... however, once you had that - it would be nearly impossible to capitalize on that resource... since doing it successfully would virtually guarantee that your invested holdings would lose their value the instant it was discovered.  If the market cap reaches even $30M - wish is still far less than LTC - then it would require ~$7-10M for the requisite amount.

So essentially, the only applicable question is... do you believe there is already someone who invested tens of thousands of dollars or the equivalent value in BTC in BC... who actually wants to destroy BC in the near future (along with any real profit potential for themselves down the road).  I agree that this world is a very weird place today, but I still think this is a non-issue for us.

EDIT: I should say, and that the person (should they exist) would rather destroy BC completely - along with their investment - rather than simply continue to see gains that no other vehicle current - especially in crypto currency land - is capable of.  At that point you're talking about ideological terrorism at the exclusion of greed and self preservation.  This does occur, but despite what Homeland Security might have us believe... it's still representative of less than .00001% of the population (and yes I made that up... it's probably a much smaller percentage even than that).

bitcoin dying?