[Cryptography] Bitcoin, litecoin, vertcoin, and derivatives

[L. M. Goodman]

On 7/4/2014 at 6:22 PM, "Ben Laurie" <ben at links.org> wrote:
>
>And this is different from Bitcoin how?
>_______________________________________________

The frequency of checkpoints matters. It is reasonable to believe that human institutions are appropriate to build a consensus over long periods of time but not over short periods. Bitcoin's checkpoints do taint its status as decentralized, but there is a large difference between agreeing on a 6 month old event over a period of months and agreeing on a checkpoint every hour or so.