Bitcoin Forum

EDITED 3/21
If you would like to contribute to the bounty anonymously, email litecoin51@tormail.org.

Donations:
$500 knowledgeable
$500 anonymous5050
$500 lophie

Total raised:  $1500 of target $4000 needed for attack.  Litecoin value down 33% since this thread started.  Litecoin network hash power down 43%.

-------------------------------------

To encourage a demonstration of the insecurity of the litecoin network and the ridiculousness of its $10mil market cap, I will send $500 worth of bitcoin to whoever shuts down the litecoin network for 4 hours with a 51% attack.  I will escrow.  Please add to this bounty if you would benefit, as $500 is not enough.

My time is valuable, and I lose it every time I have to explain to a friend why they should not invest in litecoin.  They are buying it because they don't know any better and hoping it will go up because bitcoin did, because it is currently "going up", and because its price per unit is lower.

They don't know that litecoin is accepted at <20 merchants and that this has something to do with the value of a cryptocurrency

They don't realize that the litecoin client hasn't been updated since version .62 and that it hardly has any developers

They don't understand that one of litecoin's (tiny) changes to the bitcoin code is a negative contribution that downgrades the network security by making it vulnerable to control by a single botnet or specialized hardware.  Some of them think litecoin is more secure since it didn't have a chain fork.  Unfortunately, the last threatened attack on litecoin was not executed by BitcoinEXpress, who later said he loves litecoin and wanted to help it.
https://bitcointalk.org/index.php?topic=94912.0

Ltc network is currently the equivalent of 3TH and growing fast so good luck with that...

You do realize someone mining with 3 ghs of hardware makes thousands of dollars per day mining litecoin, right?

LOL. Your name is irony at its best.

fuggin weetodd.

Send it to the address below, after 6 confirms, you will see havoc.

OP is a moron lol. Good laugh though. $500 bounty to NOT make $1000's of dollars per day mining bitcoin or litecoin.  :D

Change your username to UNKNOWLEDGEABLE.

To 51% the litecoin network would cost about $1,000 per hour, or $4,000 to meet the requirements of your bounty.  One would have to be bad at math to accept that "deal".  Make it $20,000 and you might find some takers.

Even if this was possible, wouldn't placing a bounty on this potentially be deemed as criminal behaviour?

This is like hotmail saying their encryption is uncrackable and then you offer someone $500 to hack into their network and damage it to prove it's 'faulty'

The fact you offered 500$ to someone who could make millions speaks a lot about your level of stupidity and how butthurt you are litecoin is +1000% in the last 2 weeks while bit coin stayed the same. (I love bitcoin, I am a litecoin user. Not everything has to be black and white, right or wrong)

Obviously $500 is not enough by itself.  That is my initial contribution.

Bitcoin isn't on the legal map.

Also, that would have been fun to do when bitcoin got first adopted too. What would it have proven to your beloved bitcoin? At least if you wanna prove something, prove something that can't be done in what you defend.

Mr. Precious Time.

Obviously you are now backpedaling.

lol.

Lets see $500 dollars once or $13,000 a day.. hmmm   ???

D&T, how are you arriving at this estimate?  Is this based on lost mining pool revenue, or botnet rental, or what?

$4,000 seems like an achievable figure.

He over estimated, to entice. If you truly wanted at 51% attack you would pay that much.

But obviously we all here can see right through you. You didnt do the calculation beforehand and are now trying to backpedal to say that you are just putting in $500 when initially you made it seem as if that would be payment enough. lol

Fail troll is Tail Froll. <----- lol

go to:

http://dustcoin.com/mining

enter  3 000 000  khash in lower left  box
choose "per hour"  in lower right box

you will see a 1000$  under litecoin

this is not so easy, moraly unclear, high risk of ending  illegal/terrorist problems, so 4000$ is not enough
   

Has it ever come to your mind that you were actually wasting your friend's time, and money?

I love how this guy was giving investment advice about NOT buying litecoins. Yet he misled whomever he was talking to away from 10x their initial investment in 2 weeks.

Most people who talk down Litecoin fail to realize that Bitcoin was once at this same stage. They are speaking based on ignorance and the "herd" mentality.

Wow! A whole $500?!?!?!?

Or 780 LTC!

Com'on guys...
http://fukyeah.com/upload/images/Not-sure-if-I-am-just-poor.jpg

Probably some of both.  ;D

I will pledge negative $500 to this noble cause. So now the total bounty is $0. Any takers?

*silence, occasional cricket chirping*

http://4.bp.blogspot.com/-I7rE8-jZ1OA/UCAfrBkJMRI/AAAAAAAAFMM/w7fnHv3MKCI/s1600/mission-accomplished.jpg

Bush says "boo-yah".

2,755,067kH/s
it's 3649 7970 card
with speed 755kH/s

I pledge another negative $500, so when anyone does this they will owe me money.

This has to be a troll account.

Mods can you ban this douchehat do you guys not have an anti-fucktard clause? xD

It's Satoshi

Makes sense. My bad Mr. Nakamoto!

I'll do it, but you have to pay me ahead of time so I can my shit ready :trlf:

You do realize the joke is whoever got 51% of the hashing power would probably shit 500$ in his sleep right?

My favourite kind. The invisible kind  :D

First of all, Litecoin is less secure than Bitcoin, but stills secure.

Second: And when Bitcoin was launched it started with a bank, a pizzaria and maybe 3 sex shops accepting Bitcoin yeah?
First needs to existe the currency, then the market will come.

Coblee is a active member, and Litecoin has no complaints actually, so no need to update.

^ That's highly debatable. You assume the perceived *mathematical difficulty* of the algorithm dictates the security. There's much to be said for the 'security through obscurity' argument with cryptology.  Not only that, what hardware the algorithm utilizes to produce the result is also equally important.
Disregard the pure difficulty as we think of it. Scrypt is perfectly 'difficult' enough and no government currently controls millions of dollars of Scrypt ASICs like they do for sha.  

 
OP (whatever the hell your name is...not important):

I must seriously question your ability to comprehend how a blockchain functions. Also, you seem to have just found cryptocurrency in general...

At this moment, LTC is by far the hardest to destructively fork. Unfortunately, your gullibility and highly limited capacity for logical analysis has led you to believe that the current btc sha256 hashrate is even all that secure against 51%...Luckily, the US gov. doesn't really give a shit. They love sha though...That's for damn sure.

Also, LTC has several active devs. Just because no one tells you what's going on does not mean it is not happening. Bitcoin just forked, mainly due to the attempted increase in blocksize. I guess you haven't asked yourself what the point of .8 was....Looks like LTC should stay several months behind integrating the 'official' client updates just for safety. Of course, since LTC can handle more transactions in a given period of time, .8 isn't nearly as important for LTC as it is for BTC.

BCX helped with LTC dev. a bit afaik and then started the '51% attack' noise to scare people.

I'm not going to bother addressing every single point, because you made them up or pulled them from similarly uninformed sources.



So...No, I'm afraid your USD dust isn't going to get LTC forked, kid. Also, I suggest educating yourself before you make so many ignorant statements in such a short period of time.



*WAIT*

Did this kid actually say 'shut down the ltc network for at least 4 hours with a 51%'?

Damn, he really doesn't have a clue, does he?  "knowledgeable" + "My time is valuable"....... :D

hmmm..... it looks like what OP was trying to say was:
https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSnKFsd85KMwoOOTRiDvx6caD6qDPoPViG1aX9U-pKgeZwBwr1KMQ

I highly doubt this money is going to be raised.

Right now it'd cost somewhere around $20,000 to buy a botnet capable of performing 51% attacks against the Litecoin network.

However, you could make $200,000 from ripping off BTC-E's LTC/BTC buy orders alone.

$20,000? Have you ever had a botnet? Do you know how much one infected computer costs, especially when spending $500?

If you're spending $500 on installs, it's $0.005 per install. Each will probably get 3-5 kH/s assuming that they're shitty.

$500 is 100,000 installs, yes, 100,000 infected computers to mine for you, getting you the speed of 300,000 - 500,000 kH/s on the whole muthafucking network!

I'm sure $500-$700 of installs could practically destroy LTC, but, who actually has such an amount has an amount? No one.

Mmm, that's not exactly how it works, nephew  ;D. Perhaps I am mistaken (need to read up on this again, the BCX drama was a while ago), but you would need to maintain over 1 gh/s for a rather long time.  So, I think ~ $2k min.

Remember, you must fork and then hash your little broken chain off to the side and then get the network to accept it as valid. Coblee can drop in a checkpoint, too.  

You guys....Don't start the BCX noise again ::)...PLEASE

I always look at those people with 50000 K/hs a second and wonder how many bot infected computers that is .

I can contribute $500 for this.  I hold a lot of bitcoins.  I am against bitcoin clones that contribute nothing.  It undermines the limited quantity of bitcoins.

It seems that you in fact contribute nothing. I'm very pleased that you hold lots of slow betacoins hashed on proprietary hardware.

It's called a *checkpoint*, you little idiots. Have fun, children.

Seems some of the ummm....Less aware, let's say, have become a little anxious of late.

:D

$700 to destroy a $10,000,000 currency.  I'm suprised no one has borrowed a lot of litecoins, shorted them, and done this already.  We don't even need a bounty on it.   A checkpoint won't do anything to stop a chain fork.  It could undo the fork after clients upgrade, but it won't help against a sustained 51% attack.

Funny how the numbers you choose to follow is from perhaps the most retarded member on the forums. Kinda makes your IQ shine.

The price quotes are from here:

http://blog.webroot.com/2013/02/28/how-much-does-it-cost-to-buy-10000-u-s-based-malware-infected-hosts/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+WebrootThreatBlog+%28Webroot+Threat+Blog%29

If you got 4 KH/s per bot and paid $0.02 per machine, you would need $15,000 to attack the network right now.

Keep in mind that's also 750,000 computers -- it's unlikely you'll find any single person with a botnet so large to offer you.

Lets assume for a moment that the $700 is right (its not), what would be your incentive to destroy it? Indeed what wouldn't be your incentive to just mine it and sell it, like everyone else? If you really have over 1.5Gigahash of Mining power- you could earl a shit load of money just mining and selling. You would have to be crazy to want to destroy something that is literally printing you money.

Anyway, the cost is higher then $700 because it's a free market and the people who control these botnets (from whom you presumably would rent it from) aren't stupid and are well aware of Litecoin/Bitcoin. Where do you think so much hash power on the litecoin network comes from in the first place? Botnets, thats where. So you're not going to be able to rent the botnet for cheaper then the botnet owner can simply mine litecoin themselves.

That said, this is why ASICs are so important.

Wow you are a dumbass.

1. A checkpoint would ensure that your fork would not affect current users of litecoin.

2. "it could undo the fork after the clients upgrade"...right like 50% of us are going to upgrade to your bullshit forked code? LOL!

3. You OP already has shown how stupid you are in thinking that $500, or even no $1000 is enough to get someone to want to "ATTEMPT" to 51% attack Litecoin.'

4. LOL, ROFL, FAIL MORE  ;D ;D ;D

I just 51% attacked the network and succeeded! However because I like everyone on Litecoin I decided that with my new superior LTC blockchain, I would leave all the balances the same, and because I don't believe in stealing I didn't give myself any free coins.

Well, you owe me $1000. You can pay in terracoin to my sig below.

The only problem I hate about checkpoints is once we restore and the coins are gone, the coin is over.

lol Look I 51% attacked it too ------------------> Fifty 1 % Ah Tacked Litecoin

You guys wanting to destroy the LTC network... GOOD LUCK!  ::) ::) ::) ::)

*draws line in the sand*

To gain 51% of a 2,814,369Kh LTC network, you would need 1,435,328.19 Khs


- buy 2051 ATI 5970s, about $250 each used = $512,750
- buy 513 motherboard/cheapo cpu/2Gb RAM, about $125 each used =  $64,125
- buy 513 1200W PSUs, about $150 each used = $76,950
- shelves/racks for 12 rigs each at $60/each for 513 rigs =  $30,780
- PCIe risers for 2051 cards at $3 each = $6,153
- 240w PDUs for 513 rigs= $6,000usd
- an electrician, rental property with commercial 3 phase 240volt electricity and data center-like air conditioning = $75,000
- electricity per 24 hours with 513 rigs w/ 4 5970s each = $1,354.32 per day for rigs power


TOTAL: $771,758 upfront and $1,354.32 per day for electricity of the rigs alone, not factoring in the AC.

You could probably do it for less or more, but this is a rough estimate.

Until the number you offer is at least 1.5x this price, then I decline your offer.  ;) ;) :D :D ;D ;D ;D :-* :-* :-* :-*

Wow, you really did the math on that one?

There is another massive problem with the litecoin botnet scheme too -- when people realize that they can make lots of money using a botnet to mine litecoin, the price of renting a botnet will increase tremendously based upon demand and there will be intense competition now for "zombie" computers.

The other thing is that computers you get from a botnet are usually shared as far as I can tell, so you're competing with other people also using the CPUs.

My personal guess is that if you purchase a large botnet you'll probably hit less than a KH/s per computer because they're already busy chugging out all kinds of shitty code for other people.  If this is the case, you're looking at $100k USD+ to attack the network.

You buy a "botkiller". It kills all the other peoples infected file besides yours so the zombie is all yours.

That I would trust even less than the botnet computers themselves.  That would need to be something you yourself programmed, and even then it'd be difficult to tell what other backends were and weren't installed on the compromised computer.

Lol, I'm just pointing out how much it would cost if you went the non botnet way. I don't have the technical prowess for programming a million bots to hash for me. I hash my Litecoins through legitimate means.  ;)

Just check if any system files have injected any different byte arrays into the systems memory. Checking if anything has been written to the VirtualMemory or any space has been allocated in the memory.

If it were that easy, anti-virus software companies would be out of a job pretty quickly.  :D

It is easy, just not everyone knows what exactly to do :trlf:

There are a lot of ways to get around WriteProcessMemory or OpenProcess call monitoring if that's what you're talking about.  It's really easy to write straight binary code to memory from a C program from overflow or other simple calls that will never be detected that way.

People keep forgetting there are legal consequences to engaging in this activity. I can't speak for everyone's home country, but in mine even offering a bounty for a malicious cyber crime that would damage businesses and individuals constitutes criminal activity (Computer Misuse Act, amongst others).

:trlf: :trlf: :trlf: :trlf: not saying anymoar :trlf: :trlf: :trlf:

OMG THAT EASY?!?!?..... See how long your botnet lasts then.

Its a fallacy to think something that's easy isn't already done.

Because no-one from the Anonymous hacking group got busted right? Or the other groups. OP would already be implicated just by offering a bounty but he is too retarded to realise that.

Successful troll is successful

Perhaps. I especially liked the crazy_rabbit troll. Make sure you collect from them both, rabbit.

Also, coinhorder went to town on that calulation.  ;D


What do you mean by the coins 'disappear', Simran?

I think this thread is a waste of time and efforts. Litecoin will fail anyway.... no need for an attack.

I doubt it given the ever increasing $10 million USD market cap.

^^ Yeah right, that's nice   :D

No no...wait... Long term, both bitcoin and litecoin will die, mostly. Possibly sooner than we expect.

Why do you say they will both fail sooner than we think?

You actually underestimated the hash power needed to take control of a 2,814,369Kh LTC network. You will be adding power because all those nodes still exist, so you will actually need to add 2,814,369Kh plus a little more to gain. Like this:

2,814,369 + 2,814,369 + 1000 to get a good 51% going. This means you need to add 2,815,369 Kh and you will have control over a network with the eventual speed of 5,629,738 Kh

So it would cost even more.

I will add 500$ to the bounty. Not rich just damn sure this is not possible. I will handsomely pay if proven otherwise.

First I did not read the whole post so don't hate me if I say something that has already been covered.

What has litecoin done to you?
Why not put your resources into something useful?  ???
Who cares what the market cap is? People sell dirt and rocks it's the world we live in.

First, GO READ THE WHOLE POST. The join the conversation.

 NO NEED TO SHOUT, your douchebaggery is not needed, um-kay ok thanks now bye bye

$4000 is so totally $400,000 you are right

You totally have enough money to perform this attack...

You should fire your Low Orbit Ion Cannon at port 80 or whatever dem cool kids do...

"Insert extreme sarcasms"

Oh my, anybody remember BTCExpress?

Guy was doxed, and stopped posting using that account. I'd stop while you are ahead OP.
On the other hand go for it, my tip is contacting Luke-Jr the guy hates Litecoin almost as much as you and he runs a pool. I am always for any drama involving Luke-Jr.  :P

HAHAHA

Me too, me too...

Eletricmucus is right,

OP you better watch it....you keep this up you might find yourself on the other end of a doxing.

 :D

Uncle Bitlane and I were the ones that did that.

Litecoin hash power and exchange rate down by >35% since this thread started.

Network Hash Rate    1,720,000 kH/s

http://dustcoin.com/mining says it only costs $369/hr to 51% attack litecoin now.  $1500 bounty and counting.

If you would like to contribute anonymously, email litecoin51@tormail.org

Any plans on acquiring the hardware?  :D

 
That can be due to many reasons (ie. BTC rising). I don't see why you are sure that this post holds so much power....

Whatever you do won't affect LTC's popularity. Have you ever heard of negative advertising ? :P

Eitherway, in an earlier post you say that LTC has not been adapted to more than 20 merchants. So what? In the future it will be adapted by more of them. BTC had like 100 merchants from the beginning? Don't think so...

OP is neglecting to include my and the one other users' negative $500 contributions. So the actual bounty is really still $500.

;)

Just a thought that $1500 would get you LTC3274 now.

Apparently, he's even dumber than we initially thought, but hey a nice email address though  ;)

Sorry to see hate engulfing and destroying a poor soul  :'(

I do find it quite bullish that the OP has many friends that express an interest in Litecoin.

 I would bare in mind that all crypto currency's are in there infancy. I don't feel any such need to defend Bitcoin over other alt coins as for price it's not the absolute deffinition of success, I found Bitcoin just as useful as a payment vehicle at $2 as it is now.

Buying a few bitcoins could be a good idea, buying Litecoin could also be a good idea. Getting too heavily into any crypto coin financially speaking whereby it's causing undue stress and worry that another altcoin could steal that money from you has all the hallmarks of being in too deep it's advisable to step back a little.

http://i846.photobucket.com/albums/ab22/1973mb1973/af9e841b76c6ad8ee9caab705f6ae227_zps462356a8.jpg

500 dollar bounty LMAO

This "bounty" is a joke, even for $25k I think this would be very hard to pull off.

Anyway, the LTC network is getting much more secure over the last month or two, I think by summer it should be very, very secure.

Litecoin is insecure by design.  Its protocol has been purposely downgraded to be vulnerable to botnets.  Scrypt hashing means that a single botnet can control the network and double spend.

Bitcoin has survived the transition from cpus to more efficient hardware and Litecoin will too.

Are you are that confident with your claim? Go to a certain IRC network and look for somebody to rent you a botnet and do it. Nobody here will approach you.
If you don't know what I am talking about that is too bad for you.

PS: I think you are neither capable, informed or funded enough to even attempt your goal.

This is all just talk.

Here is the repo:

https://github.com/coblee/litecoin

Show us the code you infer to or go away and find something useful to do with your time, thread over.

Don't you think all the users of these botnet infected machines will notice that 90% of their cpu is being used for something. Most botnets are for computationally simple things such as sending spam.

So if you can only use a portion of the infected machines resources in order to avoid user detection, really you have multiply the number of machines you need by a factor of 5.

I'll do it.

Only litecoin payment accepted.

what the fuck, op, are you fucking retarded ? You are offering a $1500 bounty to kill off something with a market cap of 8+ million usd. if someone was interested in doing this (and had the means to do it) it certainly wouldnt be because of your fucking retarded "bounty".


seriously, you're not even worth the fucking oxygen you breath living on this planet.

Wow and this is all coming from the guy who initially thought that $500 was enough to 51% attack litecoin network? You are a fucking joke lol

 :D

This is pretty sad.

Why even bother doing something like this? Really it makes no sense -___-

Considering its all part of the cryptocurrency world - I think the OP should be perma banned for even trying to suggest some crap like this.

If you dont like it - dont support it.  Other then that... buzz off!

He has to find a way to save his ego.

Are you really saying that this thread is the reason litcoin pulled back?

Try again.  It was way overbought because of the fear the blockchain fork caused.  Once that fear abated, so go the gains.  Nothing more, nothing less.

Wow we are up to a whole $1500 USD? That's like a few BTC!

http://financialsurvivalnetwork.com/2013/03/bitcoin-calls-litecoin-a-pyramid-scheme/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-calls-litecoin-a-pyramid-scheme

The big buy started before the blockchain fork. It wasn't caused by that

can a mod please lock this topic

As much as I hate what's being promoted here, it's difficult to present to me a topic I despise more than censorship.

No need to lock this topic. Trolling OP is priceless entertainment.  :D

Seriously, someone hand me the popcorn.

The guy with enought hashrate can earn thousands of bucks daily and you are offering 1500 lol...
Anyway you want 51% attack LTC...why? Because you didnt thought to buy some LTC 6 months ago ? Then dont worry buy now they will continu to skyrocket...

A lot of posters in this thread believe a 20k bounty would be enough.  20k to "kill off something with a market cap of 8+ million usd".  Are you retarded?


You have repeatedly stated that I thought $500 would be enough.  Are you are too stupid to notice the "+" in the thread title and the phrase "please add to this bounty" in the OP?

If bitcoin keeps going up, I will raise my contribution.

You'd better be quick, Litecoin network is growing even faster.

You are running against time. Com'n man.

Okay you know what, I will admit I am stupid if you can pull off a successful 51% attack against the litecoin network.

But here is my stipulation, I will do that but only if you can garner enough interest to do the attack by June 1st, 2013. If not, you run away from these forums like the little girl you are.

Deal?  :D :D :D

No, not my preciousss Litecoin...  ???

No, you. for someone named "knowledgeable" i find it ironic that you lack basic understanding of all manner of things, one of them being namely that someone able to pull off 51% would be in a position to make alot more than your fucking retarded insignificant "bounty". i dont give a single fuck how much you think is "enough" to do it, the fact of the matter is unless we start talking above 6 digits your retarded, insignificant "bounty" will remain just that.

if it's that easy please, go ahead...get out of your parent's basement (beware of the light) and do it yourself.

OP correct the price.. Litecoin value up

Quoted

I believe this was something you edited. You sounded much more optimistic about this $500 figure in your initial version. Reeducation on the spot does work, somewhat.

Let's see how this $4000 figure turns out.

I seriously doubt you will make enough money in your lifetime for anyone with the necessary hashing power to even consider this.

This is just mad. You don't want an expensive 51% attack with only temporary results. You want a re-org attack, a blockchain fork, or hack a client to remove the requirement for transaction fees and start throwing massive blocks at the network.

LiteCoin is based on a very old version of BitCoin that has a few known problems. These problems can be attacked for less than what a 51% attack would cost.

I really would like to see this happen. The entertainment that would ensue would be priceless.

i can do it.

You can tell some Bitcoiners are starting to get very scared of Litecoin's future success  :D

What is there to be scared of? Just invest in it and you'll be fine.

on second thought, i am better than that. sooo, NO.  ;D ;D ;D ;D ;D

how low can YOU go?

I'm starting to think this is actually just a scam.

Coblee modified the client already to reject spam transactions by making the fee mandatory in the client/litecoind.

Pretty much any attack that forks the chain will be corrected within a few hours, as coblee, pooler, and laSeek keep a close eye on it, despite not posting here much.  When the spam attacks started, coblee fixed them within a day or two.  When the previous 51% attack was threatened, he checkpointed the chain.

Anything that is "claimed" but never actually manifests itself into something real that you can view, test, verify is all but bullshit...this OP attempt is just as much a scam as BFL is.

All talk. Come on OP start hooking on the side of the street to make enough to attack litecoin. lol


so fail lol  :D

Why go after a scrypt coin that everyone has a chance to mine? Why not go after the other SHA-256 alts that only a few 'chosen' can horde.

OP you are a scammer GTFO and give back the monies  >:(

And I quote "You're a faggot Harry.."

Hey OP, what happened to those $1500 donated to you? looks like you abandoned your sockpuppet, not nice  :(

Read though OP first post and already more or less was thinking in my mind that he made this thread just to get people to "donate"  him money to "do a 51 percent att"

Bad trolling OP.

Stuff like the OP should result in a permanent ban.

I hope the bounty will increase -- if litecoin remains stable even in the face of a five-digit bounty, then it will say something about the stability of litecoin.

Should have brought $1500 worth of litecoin bitch.