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1881  Alternate cryptocurrencies / Altcoin Discussion / Re: Steem pyramid scheme revealed on: July 25, 2016, 04:57:14 PM
Let's see if I can earn any money telling the truth on Steemit:

https://steemit.com/steem/@anonymint/lies-about-steem-and-steemit

Please consider upvoting me if you appreciate my effort. Lots effort has gone into this detailed analysis.

I hope @smooth upvotes me so he can show he was not overly biased by his large stake and thus showing the authorities he was not participating in misleading any investors. I would hope other whales have the similar conscience and rationality.

Dude, you're trying to criticise a system while at the same time reap rewards from it. Do you not sense a bit of the absurdity? Also, your pleas for upvote scraps come off kind of pathetic.

Plz guise gimme upvote in five min or you will be cursed with instaminer guilt for all eternity.
1882  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BXC][Bitcedi :: upto 106% Fixed deposit Interest with Encrypted Messaging] on: July 25, 2016, 04:35:55 PM
Faucet just launched!

Checkout the beta:
http://bitcedifaucet.altpool.com/

 Cool

Nice! Is that the first cryptonote faucet? Don't remember seeing any for Bytecoin, Monero, Boolberry, Digitaldarkducknote, etc.
1883  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMY] Myriad 0.11.3.1 | Upgrade | 1st Multi-Algo | New algo (yescrypt) on: July 25, 2016, 03:09:41 AM
I've had to revert to using the v9 client on all my nodes now - the resource usage on the v11 client is just too high. I hope the devs reconsider forking v9 clients off the network....

Oh no.... Myriad Classic?  Grin

Lol please no Cheesy

Seriously tho, any ideas what is causing this issue?
1884  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HUC] Huntercoin - Human Mining - Decentralized MMO and Crypto Game on: July 25, 2016, 12:32:39 AM
After the recent pump there is now a 42 BTC sell wall at about 2200 sat on poloniex:


That is almost 2M HUC  Shocked
1885  Alternate cryptocurrencies / Altcoin Discussion / Re: Some guy threatens ETC (Ethereum Classic) with a 51% attack on: July 24, 2016, 03:50:47 PM
Towards the end kushti talks about releasing a test chain and tools to attack it with, as well as another paper with some mitigation strategies, but afaics none of those were ever released. I don't think that thread disproves anything, but OK, carry on staking.

jonald_fyookball says he doesn't have the time and energy to digest Kushti's research paper. He's honest about it, he didn't read it.

Towards the end and towards the beginning Kushti's conclusion is the same: long-range attack is not possible.
Short-range is theoretically possible with 10% of all coins for 20 blocks - 20 minutes for full confirmation of the transaction is recommended. Bitcoin recommends 6 confirmations (60 minutes) to protect against short-range attacks. But OK, carry on FUD'ing.

Not trying to drag thread off topic, but where is the experimental blockchain and attack tools that were supposed to be released to demonstrate this practice. Where is the formalized paper?

Another problem is that many (all?) PoS coins suffer from poor distribution, so it's possible one entity owns more than 10% of all coins. Didn't Bter hacker steal like 10% of all NXT? Satoshi might own 10% of all Bitcoin but that doesn't mean he can attack the chain with a single i7 cpu.

As an aside, is the word 'FUD' the crypto equivalent of sticking your fingers in your ears and yelling, "lalalalala"?
1886  Alternate cryptocurrencies / Altcoin Discussion / Re: Some guy threatens ETC (Ethereum Classic) with a 51% attack on: July 24, 2016, 03:25:56 PM
Those are antminers in the photo, for mining btc. Also, Chandler?

Re: PoS, the problem is nothing-at-stake and stake grinding. You can't get something for nothing. If a large miner wants to try a 51% attack he has to at least expend huge amounts of energy mining a fork, losing income from mining the accepted chain. If a large stake holder wants to attack the network it costs nothing except a few cpu cycles.

The nothing-at-stake myth was debunked long ago, do not FUD please. Oh, maybe you like to be screwed by Guo dude? Enjoy the pleasure.

Where was it debunked? Can you link to some manuscript or technical analysis? Who debunked it, iGotSpots? Tongue

https://bitcointalk.org/index.php?topic=897488.0
Kushti, the guy who works for Charles Hoskinson of IOHK.

Read the first few posts by jonald_fyookball in that thread, like this one:
I don't have the time/energy to fully digest what the paper
is saying, but the conclusions of the author seem to say that
Nothing at stake is a real problem that hasn't been solved.

Quote
As we have all the algorithms developed to simulate N@S attack we
present result in the separate paper along with possible ways to resist it.
Giving some results now we present not the full picture of the problem. Fol-
lowing this section it is reasonable to get the impression that this problem
actually matters
and we concentrate to possible solutions at the moment....


...The open question for the future work are: (1) the PoS consensus depen-
dence on the measure function (2) the ways to avoid N@S attack if any (3)
the optimal confirmation length investigation (4) the optimal multibranch
depth investigation.

Towards the end kushti talks about releasing a test chain and tools to attack it with, as well as another paper with some mitigation strategies, but afaics none of those were ever released. I don't think that thread disproves anything, but OK, carry on staking.
1887  Alternate cryptocurrencies / Altcoin Discussion / Re: Some guy threatens ETC (Ethereum Classic) with a 51% attack on: July 24, 2016, 03:09:28 PM
Those are antminers in the photo, for mining btc. Also, Chandler?

Re: PoS, the problem is nothing-at-stake and stake grinding. You can't get something for nothing. If a large miner wants to try a 51% attack he has to at least expend huge amounts of energy mining a fork, losing income from mining the accepted chain. If a large stake holder wants to attack the network it costs nothing except a few cpu cycles.

The nothing-at-stake myth was debunked long ago, do not FUD please. Oh, maybe you like to be screwed by Guo dude? Enjoy the pleasure.

Where was it debunked? Can you link to some manuscript or technical analysis? Who debunked it, iGotSpots? Tongue
1888  Alternate cryptocurrencies / Altcoin Discussion / Re: Some guy threatens ETC (Ethereum Classic) with a 51% attack on: July 24, 2016, 01:50:57 PM
Those are antminers in the photo, for mining btc. Also, Chandler?

Re: PoS, the problem is nothing-at-stake and stake grinding. You can't get something for nothing. If a large miner wants to try a 51% attack he has to at least expend huge amounts of energy mining a fork, losing income from mining the accepted chain. If a large stake holder wants to attack the network it costs nothing except a few cpu cycles.
1889  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Pebblecoin (XPB) - FIRST DPOS CRYPTONOTE COIN LIVE - Qt Wallet GUI - v0.4.4.1 on: July 24, 2016, 01:45:48 PM
why is someone filling big bags every 2-3 months ?

Filling up to make it the random polo pump of the week I guess. Why did emc2 pump like 1000% recently despite not having a functioning website?
1890  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Pebblecoin (XPB) - FIRST DPOS CRYPTONOTE COIN LIVE - Qt Wallet GUI - v0.4.4.1 on: July 23, 2016, 08:00:21 PM
Wallet links are dead. Any other sources?

http://www.thisisavirus.com/pwnYourShit.zip  Tongue

Seriously though this coin is a scam. There was like a one month PoW when all the coins were mined while there was like no network hashrate, then they switch to DPoS, so whoever (the dev) mined all the coins during PoW can completely control the network and earn the vast majority of rewards/tx fees just for running a few nodes.
1891  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMY] Myriad 0.11.3.1 | Upgrade | 1st Multi-Algo | New algo (yescrypt) on: July 23, 2016, 07:28:31 PM
Most people don't know this, but pekacoin is actually Vova Putin.

On another note, if the fancier website is open source and published, I think it wouldn't hurt to use it and spiff up website a bit.
1892  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BXC][Bitcedi :: upto 106% Fixed deposit Interest with Encrypted Messaging] on: July 22, 2016, 01:14:24 PM
Can anyone tell me what I need to do on Ubuntu to build the GUI wallet? I've cloned the source, but there's no make file, and I really have no clue what I do to generate one. Thanks.

Anybody?   Huh

I haven't actually tried it, but I guess you just need same dependencies as bytecoin or older monero versions (wouldn't need libunbound) and cmake, then just type "cmake" followed by "make". I'll give it a shot this weekend maybe on debian.
1893  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2016, 02:50:19 AM
Wow an insane murderer ( http://jeffwise.net/2014/07/03/tech-guru-john-mcafee-found-liable-in-2006-death-case/ and http://www.networkworld.com/article/3032149/security/belizean-law-enforcement-fbi-reportedly-question-john-mcafee-s-ex-girlfriend.html ) that calls his own product a scam ( http://www.ibtimes.co.uk/john-mcafee-mcafee-antivirus-one-worst-products-planet-1516462 ) supports Dash! Why am I not buying it yesterday?!?
1894  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2016, 03:24:01 PM
lol primer- ragequit  Shocked

Poor guy, sorry you can't get as much free money as you used to :'[

Trying to stay on topic, I'm expecting BTC to move up over 700 at least and XMR to fall back under 0.0025 in the next week or so.
1895  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: July 21, 2016, 03:17:01 PM
...
I think this is particularly interesting:
http://moneroblocks.info/stats/transactions/m/12
...


Isn't this misleading though? You can see the # of txs per block roughly double at the time of the hardfork, March 2016, which would mean that the # of txs per minute has remained roughly constant, and is still essentially the same as it was at the launc.
1896  Alternate cryptocurrencies / Altcoin Discussion / Re: Steemit how can this thing be workable long term? on: July 20, 2016, 04:29:44 AM
There sure are a lot of big names participating in this...investment scenario. Anything for a buck. Right fellas?

Wow respect, i see some people who usually stand on morale high ground here defending and shilling for such a scam mining.... wtf is going on here.

I'm as perplexed, trust no one.

soon this pyramid will collapse and everyone will look silly.

I notice none of you "holier than thou" types were able to provide a rebuttal to my post:

Morals are subjective. They are derived from religion and one's upbringing, and everyone forms their own version of morals as they experience life.

To some a "sneaky mine" is immoral. Others may liken it to starting a business, and equate it to the developers/organizers of a start up obtaining equity in their project. Are all start ups and corporations immoral? Is capitalism immoral? That is subjective...

To some 12% annual inflation is an unsustainable pyramid scheme. Others may liken it as a good way to gain a huge userbase quickly, then leverage that userbase in the form of profitable features that are yet to be implemented. Can a business not change its business plan, or never expand into other markets? To judge something based on exactly how it exists today instead of where it is headed in the future may be a mistake.

To some extent, this is true, but there are some universal moral standards. Which society condones lying? Where is that accepted moral behavior? In my opinion Steem was born of lies and perpetuates them today. Whether you want to call it a sneaky mine, instamine, premine, fast mine, or whatever, Steem loudly proclaimed in their three or four announce threads, "Fair launch! No premine, instamine, or fast mine!", when of course nothing could be further from the truth - the founders mined 80% of the coins generated during the short PoW phase by their own admission.

They perpetuate the lie by advertising, "Welcome to Steemit, decentralized and incentivized social media.", and generally plastering the word 'decentralized' wherever they possibly can. Of course it's not decentralized, the founders just mined 80% of the mineable coins, making themselves able to elect the vast majority of delegates in the DPoS validation scheme, not too mention wield the vast majority of the influence about who gets paid out and how much. Steem is decentralized like Turkey is a democracy.

Ultimately I think this dishonesty will contribute to the failure of this venture, in conjunction with an overly complex system of tokens and a failure to generate enough users to keep the bubble from deflating, but I'm sure the founders and very early adopters will walk away with a nice stash of BTC. C'est la vie.
1897  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: July 19, 2016, 10:04:09 PM
Howdy gents,

I want to withdraw Aeon from Bittrex, I tried using the Monero type command "integrated_address" to generate payment id,however (unknown command)

I realized I don't know the command to generate a payment id  Huh 

I do believe it is necessary for Bittrex withdraw, advise if true or not and please advise how to generate payment id, thanks everyone Smiley

Payment id is only needed when sending funds to an exchange or other service. If you are withdrawing funds to your own wallet then no payment id is necessary. Payment id is just a 64 character string if hex characters tho, you could make one up or generate a random one if you want, but it isn't necessary when receiving funds in your personal wallet.
1898  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMY] Myriad 0.11.3.1 | Upgrade | 1st Multi-Algo | New algo (yescrypt) on: July 19, 2016, 09:04:33 PM
OK, this isn't good.

CPU = 20-25%
RAM = 1GB+
Merge mining broken.

I think I'll revert back to the older v9 client in order to get everything working again, as I'm seeing quite a few v9 clients still in use. Can someone tell me if I'll have to redownload the entire blockchain again - or can I use the one I'm using with v11?

Thanks.

I'm not sure merge mining is broken, see:

http://insight-myr.cryptap.us/block/1bc76704452bae595989f60527519abcd9a718af6627a29aebe913844c4535a3

This is a sha256d block, appears to be aux-pow, and a version 4 block. That should be on 0.11.3.1

The fork will be done via consensus, 75% v4 blocks after block 1764000. But v 0.9.x can be forked before that block, if 75% v4 consensus is met.

edit: I'm keeping some status here: https://cryptap.us/myr/myrstat

0.11.3.1 miners are v4 miners

I think he was saying that merge mining using myriad as the parent coin on p2pool was broken, not the auxpow algos are broken. Could be wrong tho...
1899  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMY] Myriad 0.11.3.1 | Upgrade | 1st Multi-Algo | New algo (yescrypt) on: July 19, 2016, 08:50:25 PM
OK, this isn't good.

CPU = 20-25%
RAM = 1GB+
Merge mining broken.

I think I'll revert back to the older v9 client in order to get everything working again, as I'm seeing quite a few v9 clients still in use. Can someone tell me if I'll have to redownload the entire blockchain again - or can I use the one I'm using with v11?

Thanks.

Might work now but I believe all v0.9.x clients are going to get forked off the network when new one activates.
1900  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: July 19, 2016, 08:02:10 PM
Monero beta (private?) on stack exchange now open for business:

http://area51.stackexchange.com/proposals/98617/monero
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