WARNING scammer r0ach now shilling for the Monero hoax

[Hong Kong]

just noticed that r0ach has started to indulge in heavy pro-Momero propaganda beginning today

most likely bribed/paid - the usual deceptive game by momero community managers

however! this won't do well as r0ach is literally known as a roach on Bitcointalk. he's a bad investor

MOMERO please use better shills, TRY HARDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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[iamnotback]

He recently changed the name of his thread to allow for Monero to go up:

r0ach changed the thread name from "The bottom will drop out of the alt market soon" to "r0ach's scamcoin observer & cryptomarkets watch".

He originally claimed that all altcoins would dump and only Bitcoin would rise. Now he changes his tune.

[r0ach]

Oh yea, Smooth is bribing me with so much money.  So much money that I'm even banned from the Monero IRC because Othe said I didn't talk enough about Monero and only talked about Bitcoin and boats.  Where's my truckload of payment that this guy implies, Smooth?



I should technically not even be pro-Monero because Smooth didn't even unban me after Othe banned me.  Othe tried to pull some "I am an op so I am god here" nonsense and I refused to back down to him so he banned me.  If there is anyone who has a non-biased view of the situation, it is me.

r0ach changed the thread name from "The bottom will drop out of the alt market soon" to "r0ach's scamcoin observer & cryptomarkets watch".

He originally claimed that all altcoins would dump and only Bitcoin would rise. Now he changes his tune.

Did the alt market not implode as stated?  I stated about halfway through the thread I was going to rename it to an altcoin talk thread eventually instead of just letting the thread die.  If the alt market is done imploding, there would be no reason to post in a thread titled "The alt market will implode soon".

[cryptohunter]

just noticed that r0ach has started to indulge in heavy pro-Momero propaganda beginning today

most likely bribed/paid - the usual deceptive game by momero community managers

however! this won't do well as r0ach is literally known as a roach on Bitcointalk. he's a bad investor

MOMERO please use better shills, TRY HARDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

12 posts and knows the ins and outs of roach's game plan??

post under your real account.

[veebee]

just noticed that r0ach has started to indulge in heavy pro-Momero propaganda beginning today

most likely bribed/paid - the usual deceptive game by momero community managers

however! this won't do well as r0ach is literally known as a roach on Bitcointalk. he's a bad investor

MOMERO please use better shills, TRY HARDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

why are you scared pussy? battle r0ach in public with your real account. Are you chicken?

[Minecache]

just noticed that r0ach has started to indulge in heavy pro-Momero propaganda beginning today

most likely bribed/paid - the usual deceptive game by momero community managers

however! this won't do well as r0ach is literally known as a roach on Bitcointalk. he's a bad investor

MOMERO please use better shills, TRY HARDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thanks for the heads up. This warning should be pinned for all to see. Will closely monitor this r0achtard.

[Spoetnik]

just noticed that r0ach has started to indulge in heavy pro-Momero propaganda beginning today

most likely bribed/paid - the usual deceptive game by momero community managers

however! this won't do well as r0ach is literally known as a roach on Bitcointalk. he's a bad investor

MOMERO please use better shills, TRY HARDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thanks for the heads up. This warning should be pinned for all to see. Will closely monitor this r0achtard.

WOW we got dick-holster jiggling from the infamous ETH-KING-SHILL crotchwalker coward fraud himself.

[tokeweed]

just noticed that r0ach has started to indulge in heavy pro-Momero propaganda beginning today

most likely bribed/paid - the usual deceptive game by momero community managers

however! this won't do well as r0ach is literally known as a roach on Bitcointalk. he's a bad investor

MOMERO please use better shills, TRY HARDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This time I agree with Roach.  XMR is a buy and it's starting to break out.  A good price to get in would be .00235 - .00255.  Now granting BTC will go steady eddy for a while and not surge upwards vs fiat, getting into XMR for a little BTC profit is a good idea.

But of course get that stoploss always handy in case the trade goes against you.  

Good luck!

Edit:  I would also like to point out that I only agree with Roach to a point.  Specifically from a trading point of view.  That's how far it goes.

[americanpegasus]

Just because the fact that he went from Bitcoin maximalist to ardent XMR supporter based on his own position is    doesn't mean that Monero isn't actually a great blockchain. 
 
I can't advise any specific prices, and I encourage everyone to assume its a scam and work backwards from there - do the research, convince yourself of the truth, and then mine/buy accordingly. 

[illodin]

he went from Bitcoin maximalist to ardent XMR supporter based on his own position

Yes, he saw the last XMR pump to 0.003 and FOMO got the best of him and bought the top and is now desperate to get rid of his bags.

[obit33]

he went from Bitcoin maximalist to ardent XMR supporter based on his own position

Yes, he saw the last XMR pump to 0.003 and FOMO got the best of him and bought the top and is now desperate to get rid of his bags.

or maybe he just noticed that xmr actually has a community:

[iamnotback]

r0ach is full of shit babbling on about how great Monero is. Monero is insecure. The following is from the attacker who is draining the DAO and who did the Mt.Gox attack:

The "attacker" wrote:

...

Nevertheless, Bitcoin (no, not "cryptocurrencies", there is not nor can ever be such a thing as "cryptocurrencies") has put an end to all that. So it dun work no more.

Regarding the linked blog article that the "attacker" provided in the quote in which he explains that altcoins which employ proof-of-work are impossible to secure...

[ArticMine]

r0ach is full of shit babbling on about how great Monero is. Monero is insecure. The following is from the attacker who is draining the DAO and who did the Mt.Gox attack:

The "attacker" wrote:

...

Nevertheless, Bitcoin (no, not "cryptocurrencies", there is not nor can ever be such a thing as "cryptocurrencies") has put an end to all that. So it dun work no more.

Regarding the linked blog article that the "attacker" provided in the quote in which he explains that altcoins which employ proof-of-work are impossible to secure...

This difficulty attack requires a much higher percentage of the hashpower than a 51% attack.

The article does make a valid point. If a coin uses the same mining algorithm as an "ASIC Goliath coin" that has gone through more than one generation of ASICs, then it can be attacked using the now obsolete first generation ASICs from "ASIC Goliath coin" that would be otherwise worthless junk. The example of Dogecoin in the article would only work if Litecoin goes through more than one generation of ASICs and Dogecoin were not merged mined with Litecoin. Extrapolating  this attack to Monero fails because:
1) Monero uses CryptoNight not SHA 256, Ethash, Scrypt etc.
3) CryptoNight is ASIC resistant. There are no ASICs for CryptoNight let alone multiple generations of ASICs
2) Monero has by far the greatest hashrate of all the CryptoNight coins.

[iamnotback]

r0ach is full of shit babbling on about how great Monero is. Monero is insecure. The following is from the attacker who is draining the DAO and who did the Mt.Gox attack:

The "attacker" wrote:

...

Nevertheless, Bitcoin (no, not "cryptocurrencies", there is not nor can ever be such a thing as "cryptocurrencies") has put an end to all that. So it dun work no more.

Regarding the linked blog article that the "attacker" provided in the quote in which he explains that altcoins which employ proof-of-work are impossible to secure...

This difficulty attack requires a much higher percentage of the hashpower than a 51% attack.

The article does make a valid point. If a coin uses the same mining algorithm as an "ASIC Goliath coin" that has gone through more than one generation of ASICs, then it can be attacked using the now obsolete first generation ASICs from "ASIC Goliath coin" that would be otherwise worthless junk. The example of Dogecoin in the article would only work if Litecoin goes through more than one generation of ASICs and Dogecoin were not merged mined with Litecoin. Extrapolating  this attack to Monero fails because:
1) Monero uses CryptoNight not SHA 256, Ethash, Scrypt etc.
3) CryptoNight is ASIC resistant. There are no ASICs for CryptoNight let alone multiple generations of ASICs
2) Monero has by far the greatest hashrate of all the CryptoNight coins.

Incorrect. The point is that no matter what proof-of-work algorithm an altcoin employs, those who are protecting Bitcoin will rent enough mining hash rate to fuck your coin forever. They only have to rent it for a short period of time, and your difficulty will be so high that it will never produce a block again. And all the money in the chain will be unspendable for a very, very, very long time.

The "attacker" has the resources to do that to any proof-of-work altcoin which doesn't have the level of hashrate of Bitcoin.

Of course the altcoin can then manually reset the difficulty lower using a fork, but then the attacker can repeat again. It will quickly become clear that the altcoin is fucked.

If Monero starts to approach $1 billion market cap (or perhaps much less if the liquidity is very high, which it is for Monero), this attacker will destroy Monero and profit by shorting.

This doesn't mean I am attacking Monero. I am just speaking factually.

[ArticMine]

...

Incorrect. The point is that no matter what proof-of-work algorithm an altcoin employs, those who are protecting Bitcoin will rent enough mining hash rate to fuck your coin forever. They only have to rent it for a short period of time, and your difficulty will be so high that it will never produce a block again. And all the money in the chain will be unspendable for a very, very, very long time.

The "attacker" has the resources to do that to any proof-of-work altcoin which doesn't have the level of hashrate of Bitcoin.

Of course the altcoin can then manually reset the difficulty lower using a fork, but then the attacker can repeat again. It will quickly become clear that the altcoin is fucked.

If Monero starts to approach $1 billion market cap (or perhaps much less if the liquidity is very high, which it is for Monero), this attacker will destroy Monero and profit by shorting.

This doesn't mean I am attacking Monero. I am just speaking factually.

If the proof of work algorithms are different there is nothing new here. Manipulating the difficulty in the manner suggested in the article is a horribly inefficient way to attack a POW coin, if the objective is to create havoc in the coin, since it requires much more hashpower than a simple 51% attack. The simple economics of this is that the greater the market price of a coin, the more costly such a brute force attack would be and consequently the least the chance of such an attack. There is really nothing new here. As for bear raids again the more liquid an asset is the less likely a bear raid will succeed.

If the proof of work algorithms are the same then there can be little or no cost in the ASIC case I mentioned above, because the equipment is surplus and obsolete and there is no other use for it. This is why we have seen this phenomenon in some small SHA 256 coins not because the coins were specifically targeted for an attack but rather because people were trying to extract additional value out of obsolete ASIC Bitcoin mining equipment.

Edit 1:  Many in the early days of Bitcoin were afraid that some large bank would attempt such an attack on Bitcoin in order to "nip the competition in the bud", it did not happen. My take is this did not happen because the large players rarely take much notice of the small players until it is too late. If Monero were to grow large enough to pose a serious threat to Bitcoin, and that will take way more than a 1 billion USD market cap, then it will be also way more difficult to attack.
Edit 2: The DAO and MTGox were attacked because there were very weak and full of vulnerabilities. Ethereum could easily go down with the DAO, because the Ethereum devs panicked under pressure and are inducing the community to panic. They should simple do nothing  and let the DAO fail rather put the entire credibility of Ethereum at risk. Bitcoin did not fork over the MTGox troubles and that is why Bitcoin is still around. As for Monero it could not fork to pull these kinds of shenanigans even it it wanted to, because one would not know which transactions to censor.

[iCEBREAKER]

The point is that no matter what proof-of-work algorithm an altcoin employs, those who are protecting Bitcoin will rent enough mining hash rate to fuck your coin forever. They only have to rent it for a short period of time, and your difficulty will be so high that it will never produce a block again. And all the money in the chain will be unspendable for a very, very, very long time.

The "attacker" has the resources to do that to any proof-of-work altcoin which doesn't have the level of hashrate of Bitcoin.

Of course the altcoin can then manually reset the difficulty lower using a fork, but then the attacker can repeat again. It will quickly become clear that the altcoin is fucked.

If Monero starts to approach $1 billion market cap (or perhaps much less if the liquidity is very high, which it is for Monero), this attacker will destroy Monero and profit by shorting.

This doesn't mean I am attacking Monero. I am just speaking factually.

But, but, but.  I heard Monero has already hired all the botnets of the world, and even invented a new FTP-based one.

What happens when a resourceful adversary starts a bidding war for those botnets?

Usually the price of Monero goes up with the difficulty (less blocks = less xmr supply), so I would welcome such an event!   

If the adversary succeeds in driving up the difficulty so high the network gets stuck between blocks when they leave, I'm sure somebody like Risto or Arcticmine (xmr whale types) can light up a data center long enough to get us over the hump.

IIRC Litecoin briefly had a billion dollar cap.  Your proposed scenario failed to materialize; ergo it's just paranoid FUD representing your demon-haunted world, not actual reality.

[iamnotback]

...there is nothing new here.

Who said it is new? I am just reminding everyone that altcoins are insecure. And if they have enough liquidity, they will be raided. First Litecoin, next Mt.Gox, next Ethereum, and next.

Manipulating the difficulty in the manner suggested in the article is a horribly inefficient way to attack a POW coin, if the objective is to create havoc in the coin, since it requires much more hashpower than a simple 51% attack.

It only requires a very short duration to send the difficulty permanently into the stratosphere. Only a fork can revert it. The attacker doesn't have any ongoing cost. The rental cost is cheap. All your CAPEX arguments fail because you forgot about renting.

The point is that no matter what proof-of-work algorithm an altcoin employs, those who are protecting Bitcoin will rent enough mining hash rate to fuck your coin forever. They only have to rent it for a short period of time, and your difficulty will be so high that it will never produce a block again. And all the money in the chain will be unspendable for a very, very, very long time.

The "attacker" has the resources to do that to any proof-of-work altcoin which doesn't have the level of hashrate of Bitcoin.

Of course the altcoin can then manually reset the difficulty lower using a fork, but then the attacker can repeat again. It will quickly become clear that the altcoin is fucked.

If Monero starts to approach $1 billion market cap (or perhaps much less if the liquidity is very high, which it is for Monero), this attacker will destroy Monero and profit by shorting.

This doesn't mean I am attacking Monero. I am just speaking factually.

But, but, but.  I heard Monero has already hired all the botnets of the world, and even invented a new FTP-based one.

What happens when a resourceful adversary starts a bidding war for those botnets?

Usually the price of Monero goes up with the difficulty (less blocks = less xmr supply), so I would welcome such an event!  

If the adversary succeeds in driving up the difficulty so high the network gets stuck between blocks when they leave, I'm sure somebody like Risto or Arcticmine (xmr whale types) can light up a data center long enough to get us over the hump.

The "attacker" can rent 1000X more botnets than you can. That was the entire point of the "attacker's" blog article.

rpietila and the "attacker" of the DAO are mortal enemies. And the latter is about 100X more wealthy than the former. You don't have a chance in hell. Plus he has rich friends. You are just tinker toys for him.

He commented about Monero today.

IIRC Litecoin briefly had a billion dollar cap.  Your proposed scenario failed to materialize; ergo it's just paranoid FUD representing your demon-haunted world, not actual reality.

And look where Litecoin is now, after he "attacked" it by raiding it's liquidity.

You are all bravado and BS. Bye fool.

[Spoetnik]

Guys did you see my last comment today on my SIG link ?

I have a special proposal for you all

I started now i ask you ..will you join me ?

[iCEBREAKER]

The "attacker" can rent 1000X more botnets than you can.

rpietila and the "attacker" of the DAO are mortal enemies. And the latter is about 100X more wealthy than the former. You don't have a chance in hell. Plus he has rich friends. You are just tinker toys for him.

He commented about Monero today.

IIRC Litecoin briefly had a billion dollar cap.  Your proposed scenario failed to materialize; ergo it's just paranoid FUD representing your demon-haunted world, not actual reality.

And look where Litecoin is now.

You are all bravado and BS. Bye fool.

Litecoin is doing fine.  Now sure what your point is, except to deflect from the fact your FUD scenario is EMPIRICALLY DENIED.

1000X more botnets?  I see you like to make stuff up when pressed on specifics.

MP and fluffy not taking Monero seriously doesn't mean #BA is going to attack it, not anymore than they attacked LTC at $1 billion.

Look what else he said, speaking directly to you:

Why don't you get a blog, spend some time to structure your ideas properly and so on ?

LOL.  That's a nice way of saying GET REKT M8.   

[Minecache]

Guys did you see my last comment today on my SIG link ?

I have a special proposal for you all

I started now i ask you ..will you join me ?

What like people care about what you sig?!? Get over yourselves and take all your Spoetniktard sockpuppet accounts with you. Utterly pathetic.