Bitcoin Forum

Economy => Speculation => Topic started by: MICRO on July 06, 2014, 03:32:46 PM



Title: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: MICRO on July 06, 2014, 03:32:46 PM
Hey guys check out this https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo , that address found couple of blocks, and bc gives warning there are double spends on it. Wtf is up with that , who is that ? Its not part of any pool .


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: MICRO on July 06, 2014, 03:34:40 PM
here

https://i.imgur.com/Zd19vl9.png

Anybody knows whats up with this ?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: seljo on July 06, 2014, 04:03:04 PM
Oh noes we are doomed!


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: blatchcorn on July 06, 2014, 04:05:41 PM
I am panic selling


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: hold-tight on July 06, 2014, 04:12:47 PM
Way ahead of ya man. This train is over, the tour de France is on and whilst everyone is distracted someone's pulled a fast one........


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: grtthegreat on July 06, 2014, 04:13:35 PM
Man he got 9400 BTC. WOOOTTT. Not only does he mine individually but also he gets payments from ghash.io. See this :

http://s10.postimg.org/51o181pe1/Capture.jpg


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: BTCfan1 on July 07, 2014, 12:20:36 AM
Man he got 9400 BTC. WOOOTTT. Not only does he mine individually but also he gets payments from ghash.io. See this :

http://s10.postimg.org/51o181pe1/Capture.jpg

can you explain the significance of this? many thanks...


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: MICRO on July 07, 2014, 12:28:48 AM
Man he got 9400 BTC. WOOOTTT. Not only does he mine individually but also he gets payments from ghash.io. See this :

http://s10.postimg.org/51o181pe1/Capture.jpg

can you explain the significance of this? many thanks...

Basically that address is also getting paid from ghash.io :D U see the first address on there marked with ghash.io . sent coins there?

Soo... I think i know whats up with this.

when ghash.io reaches near the 51% they just get couple of PH , to the "solo mining" with this and proably some other addresses. So basically this is ghash.io addy, just they put it to solo mine so ghash.io "is not at 51% " but it actually is on much more .

Does this make any sense ?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: falllling on July 07, 2014, 04:29:40 AM
Quote
GHash is hiding their real power. GHash has MUCH more than 51%, i would say more than 60% !
Do remember,

they can low the rate to 4x% in short time by blocking some of their miners and shutting down their own units ,
they can then also raise back to 60% in seconds by just turnning on all their mine units,
why? because greed is part of human nature, goverments,organisations etc can simply take over GHash and destroy bitcoin!

undestroyable decentralized math-proof-of-stake money system? boom! > 60% double spends, confidences gone, bitcoin end!

The community has already appealed to GHash.io to voluntarily restrict their mining (as did BTCGuild before them) in order to avoid going over 40% and you see what they returned
some might say: Put another way, in 5 months when Ghash is at 100%, we can still have bitcoin, and it can still be working fine as a cryptocurrency
acoindr: No, it can't.
It would work in the technical sense, but not in the currency one. Money is a funny thing. To become a currency, something commonly accepted as having monetary value, requires confidence. This is true of any currency, but is especially of something like fiat paper, only backed by government decree, in contrast to gold which has been valued globally for thousands of years. Bitcoin, which isn't physical or backed by decree, is especially quirky in regards to confidence.

If people perceive the integrity of [bit]coins held as subject to too much risk of losing day to day value, due to double spend risk etc., they will not desire to hold them for longer periods of time, or eventually at all, meaning confidence could be lost in the currency completely.

I suspect people are not so concerned with the GHash situation because they appear to be on 'our side', and disrupting the network would run counter to their self-interest. However, there can be a limit to that threshold of trust.

I also believe people recognize there is a viable fallback in Litecoin, for example, if some short-term issue affects Bitcoin, because it's an entirely separate system. That's something I preached a lot about in the past. I would feel more nervous if there was only Bitcoin in which the community placed all its eggs.

https://bitcointalk.org/index.php?topic=655116 Sell all of your Ghash Coins before next $400 - $300 crash
https://bitcointalk.org/index.php?topic=653086 does the bitcoin community trust GHash ?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: dropt on July 07, 2014, 04:51:21 AM
Dear falllling,

Try harder. I hope you're less of a disappointment to your parents than you are to me.  Somehow I doubt it though  :-[


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Keyara on July 07, 2014, 04:58:29 AM
Did the double spend happen recently?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: EricTyle on July 07, 2014, 05:06:45 AM
Did the double spend happen recently?

https://blockchain.info/double-spends


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Bitcoinbikers on July 07, 2014, 07:54:24 AM
don't look good lads https://blockchain.info/blocks/Unknown%20with%201AcAj9p%20Address

This guy has "found" 36 blocks in the last 4 day's..

First transaction was from ghash.io and received 2,867.54415 BTC https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo?offset=200&filter=0

The end is nigh..


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Raystonn on July 07, 2014, 08:02:50 AM
don't look good lads https://blockchain.info/blocks/Unknown%20with%201AcAj9p%20Address

This guy has "found" 36 blocks in the last 4 day's..

First transaction was from ghash.io and received 2,867.54415 BTC https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo?offset=200&filter=0

The end is nigh..

You're upset because he found 6.25% of the blocks over the last 4 days?  Why?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Bitcoinbikers on July 07, 2014, 08:08:04 AM
don't look good lads https://blockchain.info/blocks/Unknown%20with%201AcAj9p%20Address

This guy has "found" 36 blocks in the last 4 day's..

First transaction was from ghash.io and received 2,867.54415 BTC https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo?offset=200&filter=0

The end is nigh..

You're upset because he found 6.25% of the blocks over the last 4 days?  Why?


There are double spends associated with the address, its very fishy..

and you can see the price is starting to crash on btc-e!


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Raystonn on July 07, 2014, 08:12:13 AM
don't look good lads https://blockchain.info/blocks/Unknown%20with%201AcAj9p%20Address

This guy has "found" 36 blocks in the last 4 day's..

First transaction was from ghash.io and received 2,867.54415 BTC https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo?offset=200&filter=0

The end is nigh..

You're upset because he found 6.25% of the blocks over the last 4 days?  Why?


There are double spends associated with the address, its very fishy..

and you can see the price is starting to crash on btc-e!

I see no crash.  And all I see is a warning from blockchain.info that the address contains transactions that may be double spends.  Why the trolling?



Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Bitcoinbikers on July 07, 2014, 08:15:04 AM
With my professional expertise in bitcoin speculation you should trust me, this is BAD.. I've seen this before  :o

Ghash.io is controlling that address, they are able to create double spends, its a 51% ATTACK!


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Raystonn on July 07, 2014, 08:20:15 AM
[...] you should trust me [...]

You have a very poor trust rating here.
https://bitcointalk.org/index.php?action=trust;u=314889

Quote
Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution!


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: piramida on July 07, 2014, 08:23:30 AM
somebody withdrew their balance and moved away from ghash with their 5petahash operation, and started solo mining. /story

somebody, with a huge probability, is bitFury: http://www.coindesk.com/bitfury-pulls-power-ghash-community-uproar/

So this is a "hooray, community self-balances to prevent 51% attacks" topic, TDM


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Bitcoinbikers on July 07, 2014, 08:32:47 AM
somebody withdrew their balance and moved away from ghash with their 5petahash operation, and started solo mining. /story

somebody, with a huge probability, is bitFury: http://www.coindesk.com/bitfury-pulls-power-ghash-community-uproar/

So this is a "hooray, community self-balances to prevent 51% attacks" topic, TDM

That article is from a month ago..


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: maker88 on July 07, 2014, 11:26:47 AM
With my professional expertise in bitcoin speculation you should trust me, this is BAD.. I've seen this before  :o

Ghash.io is controlling that address, they are able to create double spends, its a 51% ATTACK!

when did you see it before? and why was it not bad then but it is now?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: sickpig on July 07, 2014, 11:52:19 AM
Dear falllling,

Try harder. I hope you're less of a disappointment to your parents than you are to me.  Somehow I doubt it though  :-[

many thanks for not having quoted the troll.



Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: ALToids on July 07, 2014, 11:59:57 AM
If we didn't have clueless miners concentrating onto GHash.IO in the first place this would be a non-issue.


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: MICRO on July 07, 2014, 01:56:40 PM
Its rly rly fishy. I would not be so upset about it if i did not see warning about double spends on that addy .

Somebody more official should ask ghash.io about this address and see what theirs reply would be. This addy i definitely associated with them.


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: dropt on July 07, 2014, 03:01:38 PM
many thanks for not having quoted the troll.

Much obliged.


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: ChetnotAtkins on July 07, 2014, 04:12:02 PM
So, what is up with this address?

And what exactly does 'may contain double-spends' mean? How did this suspicion arise and what is done to proof/disproof it?


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: Bitcoinbikers on July 07, 2014, 07:58:46 PM
Look at all those double spends! https://blockchain.info/double-spends


Title: Re: Address 1AcAj9 that found couple of blocks in few hours, WTF ???
Post by: EricTyle on July 08, 2014, 04:49:10 AM
Look at all those double spends! https://blockchain.info/double-spends

Did the double spend happen recently?

https://blockchain.info/double-spends

Why do people bother posting in a thread they don't read? 14 hours later, posts the same link!