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A comment on Democoin: A Publicly Verifiable and Jointly Serviced Cryptocurrency [pdf]. Parent comment

Re:Democoin: A Publicly Verifiable and Jointly Serviced Cryp... by stevejones on Wednesday June 03, 2015 @07:09AM (#9651749)
No multi GB blockchain and capable of supporting more than a pitiful 650 transactions a minute. Basically works by randomly electing verifiers and assuming that the majority elected are going to be honest enough.
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Re:Democoin: A Publicly Verifiable and Jointly Serviced Cryp... by imglorp on Wednesday June 03, 2015 @08:53AM (#9652134)
So how is that supposed to work?

If some percent of the nodes are malicious, that means sometimes an election will include a majority of them and they will create a false transaction.

This means only some transactions are trustworthy, not all.

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Re:Democoin: A Publicly Verifiable and Jointly Serviced Cryp... by HelloThereHuman on Wednesday June 03, 2015 @07:17AM (#9651777)
Risky business, literally.
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