Someone just sent 2.5 BTC to my tip address below. If that was for a subscription for August you need to notify me as to who you are. If it was a tip, THANK YOU!  lol it was me...  |
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I don't think that the price will go below 7.8$, most of the people are on the sidelines waiting for the price to drop to 8.0 and buy. Take profit then around 8.75$ and 9.0$.
We'll trend sideways as long as there is no significant action by anyone. Big sell of at 9$ and buying at 8$.
Big sell off at $9? The current price is $8.59 already bro...and its been a slow decline... try this link man... http://mtgoxlive.com/orders |
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Why not just read through past threads and do your own due diligence?
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Do you really think someone as pirate would be stupid enough to tell everyone he is short if he wanted the price to go down?
They seem to think that, yes... Puppets being played. lol I guess it takes one to know one eh...SC sockie |
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I predict that the price will either go up or down or stay the same.  Some prediction you got there...I predict something will happen...can't say for sure but something WILL happen...i.e. Nothing is considered a something too LOL |
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goat can you solo mine to help protect ltc
nope, soon to get on a plane with 30 plus gpus... I hope that you are not flying to BCX's house. LOL....GPU wars! |
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@Coblee
This isn't personal at all but your fellow miners over at BTC-E are taking on some serious Solidcoin type attitudes.
The challenge has a been made and apparently support over there was with them on it, in making a challenge that I couldn't 51% LTC.
Nothing like that to give me reason to resurrect some serious GPU hashpower, build up some EC2's (keep in mind even Coinhunter verfied I had over 700 EC2's running at the SC2 launch), connect up with some botnetter friends and bring some BTC out of USB deep freeze for fees... LOL....
This is fair warning to all.
Challenge accepted.
~BCX~
Standard shorter tactics: 1. Badmouth the security 2. Announce a major negative event for it 3. Crash the price 4. Buy a ton when it's worth nothing. And y'all are swallowing the whole thing hook line and sinker. yeah, i just bought everything up to .006 again. thanks for helping me get some coins! I hope you realize right now you're not getting anything really cheap at all...especially if the price falls and people sell... |
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No $8.50 isn't a floor...it will become short-term resistance as we fall past it...
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Very interesting. One of these things will happen :
1. Attack is not successful but people will continue to sell many litecoins at cheap price now due to panic selling.
People that have BTC stock will buy loads of them because it's very cheap
2. Attack is successful.
A brand new alt coin will be created somewhere around October - December with promise to deal with this 10% attack.
3. People will switch to solo mining to protect the network
This will cause uncertainity, because you'll see Unknown suddenly has big hash power.
You don't know whether it's btc's buddy or people that protect litecoin network.
4. Trade will be stopped momentarily.
People will choose to wait and see, some will switch back to mine bitcoin, litecoin network will lose a lot of hash power.
5. People that invest and have bought many litecoin or people that still mine bitcoin with GPU and plan to switch in October will choose to protect the network.
Hash power will be bigger than before, and will strengthen the network even more.
6. Profit |
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Well, somebody with a big ltc investment might want to also buy a fuckton of EC2's and defend the blockchain. Just a thought
Or sell... |
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August 2010 is not early enough to finance this endeavor. Even I found out about BTC at the time, to bad I didn't think much of it back then....
The point is: difficulty was already significant.
I started mining when the diff was 352, I made a killing buying early on and selling at the peak. Stick to things you know about from experience. Mining isn't the only way to make profit in Bitcoin. And lemme guess you wrote your own gpu miner? IIRC those were only for sale.. not free. With CPU a block a day or something. But right I didn't mine at the time, were looking at the dollar value and thought it wasn't worth the hassle  Ever hear of a cluster or a botnet or a supercomputer?....all viable mining options back then |
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I swear there are so many noobs tonight. People dont have a clue what they are talking about...
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August 2010 is not early enough to finance this endeavor. Even I found out about BTC at the time, to bad I didn't think much of it back then....
The point is: difficulty was already significant.
Difficulty in 2010 wasnt anything. I started in Early may of 2011 and I made bank with bitcoin mining. BCX is right you dont have a clue what you are talking about. |
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So is this possible? And if so what will happen to the ltc block chain?
Sure it's possible, it's only between 400-600 gpus required. And thats not impossible to get ahold of. What will happen? People won't trust it anymore so they will sell and abandon it. Thats what will happen. Yes, it's possible. Not even bitcoin is immune from 51% attacks. Though with bitcoin it's much harder, but then someone with an ASIC can attack it if they wanted to. Satoshi did say that people would not try to 51% bitcoin, because if they had that much hash power, they would earn more money by mining it normally than by attacking it. This is true with Litecoin right now. If BCX used his hashpower to mine Litecoin, he would make more money than to try to do a double spend with a 51% attack. If BCX is just going to fork the chain for 24 hours. Then what would happen is that all transactions within that 24 hours period would be reverted. And those transactions will then be replayed on the new forked chain if they are still applicable. If they cannot be replayed, then a double spend will happen. (Reminds me when I did a "git rebase" on the litecoin code just a few days ago and ran into a ton of merge conflicts.) Normally, only the attacker would be able to double spend his coins. Since no one else is aware of the attack and would be able to muck with his transactions to double spend them. But the double spend by the attacker will have ripple effects that would potentially invalidate a lot of other transactions. I think Litecoin needs some centralization right now. Oh wait... corrected for you |
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Honestly, your posts really sound like CoinHunter. If you are not a sockpuppet, you must be a long lost twin.
You wouldn't believe how funny your reply is to me. Of course, you would need to know I'm not CoinHunter to comprehend it. for someone who hasnt posted for over a month ur awfully chatty tonight eh lol |
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So is this possible? And if so what will happen to the ltc block chain?
It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time. The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event. That said I doubt it would be worth it even if there are enough funds. Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued. Not one person, I'll have to coordinate a few things with others. Coordination is my strength as well as having some pretty deep resources myself. ~BCX~ i.e. luke-jr |
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@coblee
i_rape is Coinhunter
It would take a thousand hammers to get through your thick skull for you to realize I'm not CoinHunter. Sadly I'm out of my hammer-buying quota for this month, they "claim"* the manufacturer can't keep up. *SEE WHAT I DID THERE?!hows the sc-fan-boy status working for ya? lol |
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Bro your profile was made right after BCX had demolished many of the alt-chains.
Dont talk about what you dont know anything about.,.,.
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51%ing is not a challenge. It's undermining the safety of the network. Cryptocurrencies have enough trouble catching on as it is, and here comes an asshole who has nothing better to do than to challenge to fuck it up. In cyrptocircels this is a serious crime. It's the ultimate crime. Scammer tag should be applied just for this statement.Of course I hope you fail and lose tons of money.
I still think a planned attack with a future date should be set. This way stress testing LTC can be a healthy experience instead of some later party when LTC is worth much more gets demolished by some unknown party. |
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Misery loves company. Well LTC has to be tested one way or another.
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