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We NEED the altcoins. We need them to be trying new things, different approaches, different ideas. Even the strange and stupid ones.
Every stupid, bad idea or poorly launched altcoin brings us a tiny bit closer to the end-goal because as a community we learn from our mistakes and we share information, Good ideas are still good ideas even when they are introduced with one failcoin or another.
SW
Every stupid, bad idea or poorly launched altcoin brings us a tiny bit closer to the end-goal because as a community we learn from our mistakes and we share information, Good ideas are still good ideas even when they are introduced with one failcoin or another.
SW
the1silverwolf,
I respect what you are saying and fully agree. For the record I am not for attacking a coin for any reason.
But doesn't this bring us one step closer to the end-goal as a community by stress testing our own coin code and group standards. A failed coin is to be learned from, that is from launch to timing metrics and security. I hope DGT survives but as a group we have to learn how to prevent these attacks to make a currency globally acceptable. If it can be done easily by such a small group then what would happen if it a coin is accepted in the mainstream media and then attacked by an organization with significant backing and financial support.
Think of pentesting any network, it needs to be done and weaknesses addressed.
The community needs to find out now and grow around 51% attacks and prevent them in the future, they should not be easy to deploy.
That's true and you are quite correct. But I think there are plenty of opportunities to run these tests and collect this data without attacking a legitimate coin that many people have a financial stake in.
Not to mention there are plenty of attacks originating from outside this community that will need to be defended against.
My post mainly deals with the infighting within the community itself, which isn't productive at all.
What we should do is create a coin specifically designed to be a target of attacks. The results of that research would benefit every cryptocoin I think.
