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1461  Other / Archival / Re: delete on: July 29, 2012, 10:00:13 PM
you are not understanding the concept, read it again, think about it, do the math, simulate in your head

I did. You equated trust to some combination of time connected & LTC owned. Both of those can be obtained easily (in the mathematical sense).
51% of trust nodes should roughly equate to control of the network. A lone attacker might have difficulty, but a cartel could easily form. Especially if pool operators and exchanges are involved.

You seem to be assuming that you can determine who you should trust, and that they would never betray or disagree with you and thus make the network secure. Instead, assume that some of those you trust will betray you and then examine what the consequences of that would be. If you don't believe that trusted people might betray you, please examine Bitcoinica and mybitcoin.com for evidence to the contrary.
1462  Alternate cryptocurrencies / Altcoin Discussion / Re: Now that LTC is safe... on: July 29, 2012, 09:21:29 PM
Now that is a real waste of bitcoins  Roll Eyes

It probably is but what amazes me a bit is how tight the MC community is (unless all those "let me send you some BTC" are Solidcoin alter egos)

LTC is not safe. For example, there are lots of weirdos in BTC community who hate LTC so badly, that they cry themselves to sleep, while whispering: "I hate litecoin, I hate it, I hate it, I HATE Litecoin, mommy....I hate litecoin" and so on. Lets hope there is only one Bcx how is hopefully locked up by now.

Keep mining LTC and invent services for LTC. This is the only way to make it strong and last for a long time.


Could you name the pathological LTC haters? I know Luke doesn't like it, but the only thing Luke does like is Catholic Priests.
I haven't heard anyone else active in BTC development hate on LTC.
1463  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get a SCAMMER tag? on: July 29, 2012, 09:19:10 PM

So, you read what one other person said about me yesterday but did not read what I posted about the "attack" when it was announced. Well done.
I suppose I have no right to expect fair treatment from you. This is the internet after all.

P.S.There was some panic selling by people believing the wrong thing. You cannot predict to what extent people will be stupid, you can only predict that some will be stupid. You say you did not sell your LTC, then why are you mad? When you saw the price drop, you could have bought. For you it does not matter why it dropped, the opportunity was there and you could have taken advantage of it.

I really don't understand your fury.
The LTC price is back to where it was.
LTC demonstrated it can mitigate the threat of a 51% attack.
There is one less person on the internet pretending to be something they are not.
Seems like win win to me.



It was a big coincidence like I said.

Let me clear this up a bit for you.

Someone like bitlane, nine thousand khash/s can go solo, earn and protect the net. While others like myself with little hash power took a dive for four days protecting the net, earned one block = 50 ltc, at the time of current difficulty, I would have made 500 LTC in four days at a pool, I guess I was so selfish for putting my miners on solo. In the end, I sacrificed the four days of mining =  500 LTC to help protect against the attack that became a farce. The small time miners that helped solo, took a major dive over a falsified threat.

It's not fury, if you don't care so much why are you in this thread? I am curious. Oh yea, sock puppet, I forgot.

If you are not furious, then why do you follow BCX around and respond to every one of his posts with 72pt red font capital letters that say "SCAMMER"? That is textbook internet rage.

You went solo mining? Why doesn't LTC have p2pool? If it does have p2pool support, why didn't you use that? You would have lost nothing.

You read a post that said I was a sock puppet and you cannot change your mind. Anything I post that disagrees with what you wrote you presume that because k9quaint wrote it that it is from BCX. You are not actually capable of internalizing the content of my posts. Psy made that same mistake, and that is why he doesn't like me. I criticized SoiledCoin not long after BCX criticized SoiledCoin. Psy supported SoiledCoin just because BCX disliked it (he claims he only rooted for SoiledCoin to succeed because it would mean BCX failed, I don't really care what his motives were). I pointed out that he was supporting a scam just because he didn't like BCX. His pathological rage against BCX blinded him, just like yours is doing now.

At this point, if BCX said 2+2=4 you two would be out burning math teachers at the stake for scamming people. You would probably come after me too because I would point out that 2 plus 2 did actually equal 4.

P.S. I am here because there is someone wrong somewhere on the internet! /swirls cape



1464  Other / Archival / Re: delete on: July 29, 2012, 09:00:07 PM
since the "trusted nodes" are random  (these three words shouldnt even go together imo) what is stopping the same attacker that would need to have a massive amount of computing power anyway from doing a Sybil attack and just getting in as many nodes as he wants in the networks with hopes that his nodes will be selected randomly as the trusted nodes ?

this trades one type of attack (computing power) for another (flooding the network with nodes in hopes that they will be selected as the trusted nodes by as many people as possible)

Super nodes could be chosen randomly, but they have a means of proving themselves as a super node.
Once they are chosen, they are vulnerable to DDoS and hacking to obtain their private keys.

And do you really want a random cross-section of users holding the keys to the block chain?



If i recieve a block that thats not "fit" in my block chain I ask to my connected peers or "trusted random nodes" wich is the valid one?

so i can discard the longestone if is not from a trusted node and i do not trust new nodes when the network speed increases too much so you cannot introduce the new block chain unless you have 51% power from the very begining of the chain.
 

How do you determine "trusted random nodes"?
Specifically, how do you know they are trusted and how do you connect to them?


the same way litecoind trust a node that sends a new block, and the same way a REORGANIZATION could happend today, with the exception that you trust more in nodes that have more coins (in your stored blockchain) and have been in your "known nodes" list longer and you do not choose new budies or "trusted nodes" if speed is 2x last dif change speed (we can study the best factor value).

So I buy a bunch of Litecoin, set up a few nodes and hang out for a few months for them to gain trust. Now I have lots of Litecoin and trust. I convert my LTC to BTC and then immediately launch my alternate blockchain before everyone has confirmed my LTC transaction. In some parts of the network I still have LTC, and I am still trusted because of it. When people ask me about the real chain, I tell them to reject it.
Now I have BTC and LTC and the network still trusts me. That seems like a bad combination.

Plus, 51% of trusted nodes could dominate the network with no way for anyone else to either fight back or gain trust.

1465  Alternate cryptocurrencies / Altcoin Discussion / Re: Summing up: Was there any 51% attack at all? on: July 29, 2012, 08:50:55 PM
Was there any attack at all?
No. Even if there was, Coblee checkpointed the blockchain as a precaution.

How much of the 51% hashing power was accomplished?
Probably none. BCX turns out to be mostly smoke and mirrors.

Was anyone affected?
Only speculators who dumped LTC at the first sign of trouble.

How do we know?
We don't.

Pls enlighten us and post if you know or have any idea how to estimate the extent of this (seeming) 51% attack.
The extent was forum posts. The LTC reaction was to a threat, not an actual attack.
1466  Other / Archival / Re: delete on: July 29, 2012, 07:46:41 PM
since the "trusted nodes" are random  (these three words shouldnt even go together imo) what is stopping the same attacker that would need to have a massive amount of computing power anyway from doing a Sybil attack and just getting in as many nodes as he wants in the networks with hopes that his nodes will be selected randomly as the trusted nodes ?

this trades one type of attack (computing power) for another (flooding the network with nodes in hopes that they will be selected as the trusted nodes by as many people as possible)

Super nodes could be chosen randomly, but they have a means of proving themselves as a super node.
Once they are chosen, they are vulnerable to DDoS and hacking to obtain their private keys.

And do you really want a random cross-section of users holding the keys to the block chain?



If i recieve a block that thats not "fit" in my block chain I ask to my connected peers or "trusted random nodes" wich is the valid one?

so i can discard the longestone if is not from a trusted node and i do not trust new nodes when the network speed increases too much so you cannot introduce the new block chain unless you have 51% power from the very begining of the chain.
 

How do you determine "trusted random nodes"?
Specifically, how do you know they are trusted and how do you connect to them?
1467  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get a SCAMMER tag? on: July 29, 2012, 07:45:40 PM
Ignoring him does no good since too many of his post have malicious intent.

You need to type less giant red text and read more posts.

I'll sum them up for you:
It turns out that BCX is just smoke and mirrors. He is not some uberhacker. He is a marketing dude from an little startup company that owns a few video cards. You can safely ignore him.

Little late on the party? lol. I will not ignore a scammer that is roaming around bitcointalk.org.

I swear, some guy could walk in off the street and claim to attack LTC and you would dump your coins.
Then you would probably donate to his Kickstarter project to found a new cryptocurrency based on red pixels.

Alcoholics are not addicted to alcohol. They are the victims of bartenders!

Sock puppet for BCX? I can hear the sucking from here.

Omg i was right, what a coincidence.

https://bitcointalk.org/index.php?topic=96169.msg1061071#msg1061071

No surprise you lost money. Perhaps if you had read my posts when the "attack" was first announced, you would have acted differently. I was trying to make the case that there was no reason to get excited. People said I was nuts because I did not believe the sky was falling.

Now you think I am a BCX sockpuppet because some random person on the internet said so. I suppose that is what is to be expected when one disagrees with a herd of speculators.

Quite frankly, I said what I said, and got curious of what you have been posting, checked out your last posts and so happened to come across that link. That's why I double posted inline "omg, i was right, what a coincidence".

I didn't lose any money. I lost the chance to gain money though. And I suppose with what ever little HR i have, I did indeed, helped protect against a false attack. Not my fault that I lost the chance to gain some LTC when now known scammers/con-artists are running around ramped here at bitcointalk.org. Lesson learned, next time I will take my first instincts and ignore it.


So, you read what one other person said about me yesterday but did not read what I posted about the "attack" when it was announced. Well done.
I suppose I have no right to expect fair treatment from you. This is the internet after all.

P.S.There was some panic selling by people believing the wrong thing. You cannot predict to what extent people will be stupid, you can only predict that some will be stupid. You say you did not sell your LTC, then why are you mad? When you saw the price drop, you could have bought. For you it does not matter why it dropped, the opportunity was there and you could have taken advantage of it.

I really don't understand your fury.
The LTC price is back to where it was.
LTC demonstrated it can mitigate the threat of a 51% attack.
There is one less person on the internet pretending to be something they are not.
Seems like win win to me.

1468  Other / Archival / Re: delete on: July 29, 2012, 07:24:20 PM
since the "trusted nodes" are random  (these three words shouldnt even go together imo) what is stopping the same attacker that would need to have a massive amount of computing power anyway from doing a Sybil attack and just getting in as many nodes as he wants in the networks with hopes that his nodes will be selected randomly as the trusted nodes ?

this trades one type of attack (computing power) for another (flooding the network with nodes in hopes that they will be selected as the trusted nodes by as many people as possible)

Super nodes could be chosen randomly, but they have a means of proving themselves as a super node.
Once they are chosen, they are vulnerable to DDoS and hacking to obtain their private keys.

And do you really want a random cross-section of users holding the keys to the block chain?
1469  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get a SCAMMER tag? on: July 29, 2012, 07:21:12 PM
Ignoring him does no good since too many of his post have malicious intent.

You need to type less giant red text and read more posts.

I'll sum them up for you:
It turns out that BCX is just smoke and mirrors. He is not some uberhacker. He is a marketing dude from an little startup company that owns a few video cards. You can safely ignore him.

Little late on the party? lol. I will not ignore a scammer that is roaming around bitcointalk.org.

I swear, some guy could walk in off the street and claim to attack LTC and you would dump your coins.
Then you would probably donate to his Kickstarter project to found a new cryptocurrency based on red pixels.

Alcoholics are not addicted to alcohol. They are the victims of bartenders!

Sock puppet for BCX? I can hear the sucking from here.

Omg i was right, what a coincidence.

https://bitcointalk.org/index.php?topic=96169.msg1061071#msg1061071

No surprise you lost money. Perhaps if you had read my posts when the "attack" was first announced, you would have acted differently. I was trying to make the case that there was no reason to get excited. People said I was nuts because I did not believe the sky was falling.

Now you think I am a BCX sockpuppet because some random person on the internet said so. I suppose that is what is to be expected when one disagrees with a herd of speculators.


1470  Other / Archival / Re: delete on: July 29, 2012, 07:09:51 PM
not to mention, wtf is stopping someone from ddosing the "trusted nodes", anyway? and thus introducing yet another way to attack the network....

Not to mention if the trusted nodes were ever hacked or the keys shared with someone who later turned out to be unreliable, the block chain would be at their mercy. They wouldn't need 51%, they could fork the block-chain when ever they felt like it.

1471  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get a SCAMMER tag? on: July 29, 2012, 06:08:12 PM
Ignoring him does no good since too many of his post have malicious intent.

You need to type less giant red text and read more posts.

I'll sum them up for you:
It turns out that BCX is just smoke and mirrors. He is not some uberhacker. He is a marketing dude from an little startup company that owns a few video cards. You can safely ignore him.

Little late on the party? lol. I will not ignore a scammer that is roaming around bitcointalk.org.

I swear, some guy could walk in off the street and claim to attack LTC and you would dump your coins.
Then you would probably donate to his Kickstarter project to found a new cryptocurrency based on red pixels.

Alcoholics are not addicted to alcohol. They are the victims of bartenders!
1472  Alternate cryptocurrencies / Altcoin Discussion / Re: Now that LTC is safe... on: July 29, 2012, 05:39:08 PM
People are giving BTC to Coinhunter?

This forum has to be the richest farming ground for con-artists in the history of the planet. Never a shortage of people who blindly trust.  Huh
1473  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get a SCAMMER tag? on: July 29, 2012, 04:59:21 PM
Ignoring him does no good since too many of his post have malicious intent.

You need to type less giant red text and read more posts.

I'll sum them up for you:
It turns out that BCX is just smoke and mirrors. He is not some uberhacker. He is a marketing dude from an little startup company that owns a few video cards. You can safely ignore him.
1474  Other / Archival / Re: delete on: July 29, 2012, 04:50:25 PM

Maybe you need to reread the software license. This is a seriously uninformed comment.

So, you a mere software license,  a legal construct, would prevent a developer from intentionally making a mistake that is (for outside auditor) indistinguishable from honest mistake and allows remote code execution ?

Good grief, as long as we have a good software license, we are quite safe indeed   Roll Eyes
 

Some people (usually those who cannot read or write code) feel safer with a proprietary software license and closed code bases. They presume if the attacker cannot read the code, then the product is impenetrable. Unfortunately, that is a false presumption.

For those of us that can read & write code, we would rather have access to it. Having the permission to modify it is also nice.

To answer your question, yes a license can prevent that sort of mistake by enlisting the entire world to examine and improve the code base.
1475  Alternate cryptocurrencies / Altcoin Discussion / Re: What if you checkpoint every block ? on: July 29, 2012, 08:35:42 AM
If the lead developer can checkpoint the bitcoin or litecoin block chain what is the real difference with them doing it every block or every other block ?

[...]

It might be a good way to get that chain through the initial period when its in danger of a 51% attack.

Discuss.
You must be new here, already discussed : https://bitcointalk.org/index.php?topic=1647.msg19791#msg19791 Wink

I now understand the guy was right all along. Bitcoin is NOT p2p.

The reason you cant have a fork is because Luke-Jr or BCX or one of the other bitcoin bullies will kill it before it ever gets to threaten the chain which contains their money  Smiley

Even if a better bitcoin comes along they will kill it so claiming that  you can just release a fork is utter bullshit. The lock in will get worse with ASIC because of all the money invested in it.

We can never have a longer chain thats better because satoshi has locked us into the current one forever unless we remove the lock in. And no one will agree to do this because bitcoin "is too big to fail".


So you can stop worrying about 51% attacks.


That means its run by a committee  Smiley

If you can't read & write code, then someone else is always controlling your computer.
1476  Alternate cryptocurrencies / Altcoin Discussion / Re: BitcoinEXpress is a scammer on: July 29, 2012, 08:32:26 AM
Theres now a clear case of economic damage which means BCX should get a scammer label for causing it. I urge people to report sucha  thing to theymos.


To get me a scammer tag, all you need to do is to demonstrate the following.

1) Show where I offered a service or product for money

2) Show where you paid me

3) Show where I did send you your product.


None of the above occurred and this was a coordinated event in the fact that person who created LTC and the very exchange you are crying over was aware.

Hope that helps

~BCX~


People sold coins on the assumption there was going to be an attack causing them to lose money. Regardless of whether an attack happened or not they were economically damaged.

All that remains is for people to show they sold prior to the attack. Im sure btc-e exchange can corroborate this.

Thank you.

Not just this but the threat causing quite a few jump to solo and lose out financially, well the guys with little hardware.

Caused me 500 LTC short, along with what ever downtime that you caused with ddos the pools.

Scammer tag needs to be applied to this person. I will fight it as long as this person is here, and will follow IT with big red scammer text until done so. IT, get use to seeing big red bold scammer following you as long as you're here and don't have the tag. Get the tag, I'll stop. Until then my >>Freedom of Speech<< of big red bold scammer will follow you.

If one person of medicore means could destroy the Litecoin blockchain, you didn't actually have an investment. You were just speculating you would have a chair when the music stopped.

As it turns out, Litecoin is not so vulnerable as you have been claiming. Perhaps if you understood better what you purchased, you would not have panicked.
1477  Alternate cryptocurrencies / Altcoin Discussion / Re: What if you checkpoint every block ? on: July 29, 2012, 08:27:13 AM
If the lead developer can checkpoint the bitcoin or litecoin block chain what is the real difference with them doing it every block or every other block ?

[...]

It might be a good way to get that chain through the initial period when its in danger of a 51% attack.

Discuss.
You must be new here, already discussed : https://bitcointalk.org/index.php?topic=1647.msg19791#msg19791 Wink

I now understand the guy was right all along. Bitcoin is NOT p2p.

The reason you cant have a fork is because Luke-Jr or BCX or one of the other bitcoin bullies will kill it before it ever gets to threaten the chain which contains their money  Smiley

Even if a better bitcoin comes along they will kill it so claiming that  you can just release a fork is utter bullshit. The lock in will get worse with ASIC because of all the money invested in it.

We can never have a longer chain thats better because satoshi has locked us into the current one forever unless we remove the lock in. And no one will agree to do this because bitcoin "is too big to fail".


So you can stop worrying about 51% attacks.
1478  Alternate cryptocurrencies / Altcoin Discussion / Re: 51% attack tamed, hogtied, tagged, and sent to the butcher on: July 29, 2012, 02:10:28 AM
A solution to a 51% attack could be that forks longer than the current accepted chain to be merged into the chain, instead of replacing it. A different treatment for orphaned blocks so to speak. Of course, this results in more of a tree than a chain. That way at least, hashing can only add to the network.

How to accomplish this in practice and maintain the integrity of transactions is not something I have thought through. So, I leave the rest of the puzzle to the reader. Hanc marginis exiguitas non caperet, so to speak.
1479  Alternate cryptocurrencies / Altcoin Discussion / Re: [POLL] Should BCX get banned on: July 28, 2012, 10:31:34 PM
You're a coward, Mr. Maddox.

Whoa...whoa...slow down there partner. If there is one thing I WILL not stand for, it's inaccurate information and false accusations.

NOW, have we actually come to a solid conclusion as to it being a MR or MRS Maddox ?

I don't know who BCX is, but I know who I am. I am the walrus.
1480  Other / Archival / Re: delete on: July 28, 2012, 09:36:33 PM
According to http://www.litecoinpool.org/charts#market
The BTC/LTC market moved down substantially on 7/25.
There were two spikes of LTC/USD upwards, but there has been less than $50 worth of trades in that market for the past 2 days. So it was probably due to buying into a lack of liquidity.

I wish I could get transaction volume numbers. /sigh


http://marketscry.info/?s=ltcbtc&t=1000

Sweet. Thanks.

From 07-24 15:13:56 onward is a wave of selling that drove LTC down from 0.006 BTC to around 0.004 BTC at 07-25 03:06:06. A drop of roughly a third over the course of 12 hours. It looks from the transaction history that it was a wave of panic selling and not large blocks moving the market.

The price recovered back to 0.006 BTC early morning of 07-27.
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