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by vbuterin 4666 days ago
Altruism and defaults are powerful things. In fact, they're the only thing enforcing rules about "nonstandard transactions", without which the blockchain would have been DDoSed all the way to a terabyte by now.

And the checkpointing system is a backup measure used to maintain stability because PPCoin is still small; it is not intended to be the primary mechanism holding it up. If you want to see an altcoin without checkpoints, look at any of the ones that got killed by a 51% attack.