Bitcoin Forum

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Gavin and Coblee both have the ability to "lock" a chain which isnt that far from them being trusted nodes.

We're all the trust node.  The person or pool with the majority of the hashing power will most likely never fork the chain because that would destroy the value of the chain.  The only people who make a million pounds to set it on fire are British synthpop bands.

Okay, think about it like this.  You own 75% of the gold production in the world and also a lot of the gold itself.  One day, you decide that you don't ever want anyone to have gold anymore because you've lost your head, so you hire an army to destroy every gold market in the world.  This will never happen.  Like you, no one is dumb enough to even spend $200,000 forking an altchain because they could just as easily spend 1/5th of that and profit from it like crazy by hoarding the currency as you mine it, thereby constricting supply.

Price is too damn high now, can't you do anything to ignite panic selling again ?
Deposit / withdrawal LTC is possible for btc-e now.

I'm guessing the attack is being called off?

That's what it looks like.  With less than 4 hours to Friday.  It's over.

LTC - 1 / BCX -0

The alt chain would need new and useful functionality in order to gain popularity. Bitcoin clones are doomed to fail.
The alt chain would also need a sugar daddy in order to manifest the hash power to protect the chain. The sugar daddy would also have to dump the coins mined to keep the price below the point where it would be worthwhile to do a 51% attack.
All exchanges would need to participate in a cartel to react to 51% attacks (by agreeing to upgrade their clients to manually agree on the correct chain for instance).

And probably a bunch of other things as well.
The days of tossing a bitcoin clone over the fence and then speculating on it are over.

I'd like to see merging spoons.....ooooooh!

Yes, more like this. You're doing a good job.

If that's your goal BCX, then why don't you use your resources to put up a bounty for proof-of-stake (or similar) instead? Why try to destroy something?

Which involves a double spend...that's the whole point of a 51% attack....

Someone is going to lose some BTC/USD....

You don't have to double spend if you don't want to.  You can just run off with your extended lower difficulty chain and invalidate all the mined blocks/transactions in those blocks on the original chain.

You can keep an eye on whether or not the chain has been forked by looking at the debug.log file -- you'll see it as "REORGANIZE" there.

Oh...wow i learned something else. Thanks tacotime. :D

If the users of bitcoin did not like the chain lock-ins from bitcoin/bitcoin.git, then it is trivial to ignore or compile-out those updates.  Users vote by choosing the client they use to store their funds.  They vote on chain rules, checkpoints, and any number of other technical details.

A block chain is ultimately a community consensus.

If your goal was really just performing a 51% attack, why not do something like what happend with bbqcoin ? It wouldn't hurt the network as bad (and still prove your point).

Nice back peddle...RETARD.

NOW, get your pathetic shit together and get this party started.

You already missed out on a free pair of deluxe Fake Tities, at my expense.
https://bitcointalk.org/index.php?topic=95903.0

I applaud you for being such a credit to this community and know that until YOU either QUIT or OPEN A NEW ACCOUNT, I will put you do here under as much scrutiny as possible and show you what a war of attrition is really all about.

....Fucking Blow Hard.

Why would it ever be worthwhile to 51% a network. Is there some money to be made I am unaware of?

Transfer your coin to an exchange and convert it into dollars. Take your dollars spend them on hookers and beer. Replace the part of the chain that contains your transfer with your version of the blockchain that does not. Rinse and repeat.

https://en.bitcoin.it/wiki/Attacks#Attacker_has_a_lot_of_computing_power

QUIT WITH THE BACK PEDDLING.....


I guess an attempt to destroy confidence is not the same as an attempt to simply destroy..... YOU FUCKING TOOLBOX.

You have earned the name BlowHardEXpress....

Can you honestly not even keep your own posts straight ? or do you have too many sock puppet accounts under your control, that seem to be causing confusion for you ?

...and then the exchange sets your dollar balance to a negative number and makes you return the money. Or you can never use that exchange again and hope they don't come after you.

And how do they know I submitted the false blockchain? Unless I am BCX and announce my intentions, nobody knows I am the one with the secret hash power.
All I did was accept BTC transfers from a third party and converted them to dollars. Half of the transactions look exactly the same as mine do.
They all got rolled back, so which transactions belong to the bad guy? It's not my fault the exchange lost their BTC.

It doesn't matter if you're a bad guy or an innocent bystander. When a blockchain fork happens, everyone that sold coins get them back.

always remember, spooning leads to forking.

 ;D

My point precisely. There is no spoon. Only forks.

Do I detect our little friend is starting to have second thoughts?
You won't worm your way out of this one.

What happened to you?

If this is some kind of stress related breakdown you might try taking a holiday.

Of course he's never going to admit it, but I bet he's kicking himself he even started this now.

So come on BCX, what's the total bill gonna be for all those EC2 instants you've rented?