Bitcoin Forum
May 27, 2024, 10:10:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 »
281  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 07:58:55 PM
Quote
so pray that a whale, with bad intentions, does not get 51%

That would cost the attacker about $750,000.

Is it really worth it to attack? I mean they are spending 750K to destroy their own money, who would do that?  

double spend? there will be other flaws... but currently double spend is most likely to occur with a stake of 51% or more.

pure pos is untested. we will see what future will bring.

i am into mint now as well.

ps. it would cost bitcoins. that is why "there is nothing at stake". an early adopter of bitcoin can do this. also the marketcap.. is at highest buy/lowest sell.

marketcap only takes highest buy price and multiplies that by coins available. it wouldnt take 750k usd. not even close.

so coinmarketcap is not even close to real value. simple math.

Luckily mint isn't a pure PoS. I'm glad to see you are into mint again, welcome back  Smiley based on your posts on this forum you are clearly a very critical thinker and that is great because we need people who are willing and able to scrutinize the coin in a constructive manner.

Likewise, I am thankful for anonymousg64's efforts to pin down any possible security flaws in the PoS system- I'm just not sure I like how he is broadcasting it to the public as though it is fact before there is any certainty to it. I still think any security flaws that do arise should be brought up to the devs of the coins directly and privately so that they can deal with them before they become a problem (telling the general public only informs people how to exploit a security flaw if it does exist, and if it doesn't actually exist then it just spreads fear and uncertainty).

+1 also thanks anonymousg64's efforts but stormia is more than right.
282  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 07:15:35 PM
"this flaw was addressed by the author of PoS, Sunny King, earlier this year:

Official release build is now available http://www.ppcoin.org/ (via sourceforge)

What's in 0.3.0 release:

Stake generation protocol upgrade (protocol switch March 20th)
Qt UI support
Fix compatibility with vanitygen (note: private keys dumped in v0.2 is no longer importable into v0.3.0, must dump again from v0.3.0 client)
Miscellaneous bug fixes and improvements

The protocol upgrade in 0.3.0 includes a new algorithm to derive proof-of-stake hash modifier, the entity that scrambles computation for stake owners, which replaces the current proof-of-stake difficulty used as modifier in 0.2 protocol. The design was started late September last year, when I first began to realize the issues with using difficulty as modifier. Honorary mention also goes to Jutarul, who independently discovered and verified an issue with using difficulty as modifier and published on bitcointalk in December last year, while successfully executed a demo attack on the block chain. Other changes in the protocol include starting hash weight from 0 at the 30-day mininum age, and requirement that coinstake timestamp must equal block timestamp. Overall 0.3 protocol should significantly strengthen the proof-of-stake protection and resolve the current known vulnerabilities.

My sincere appreciation to co-contributors of 0.3.0 release:

Robert VanHazinga of Hartland PC (dreamwatcher) for the vanitygen compatibility fix
Jutarul for demonstrating stake generation vulnerability
EskimoBob for reporting issue fixed in 0.3.0"

This is the state of the nation in mintcoin. our network is fast and secure. more secure than an pure POS system or a pure POW system

Mint Breed the best of crypto world, im telling you its the facebook of the social economic network.
283  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 07:08:55 PM
Looking at the code i realize you dont wanna help or resolving question, you just are in need of attention.
284  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 05:56:11 PM
if i were right, PoW would be useless in the event of an attack, because the high rate of PoS blocks would cause difficulty to jump into unminable levels

As you can see here, the PoW blocks have a different and independent difficulty algorithm than PoS blocks. If you start getting a lot of PoS blocks in a row, the chance of PoW block generation increases in order to achieve the PoW target; so after each PoS block is generated the likely-hood of generating a PoW block as the next block goes up, and after every PoW block, the chance of generating a PoS block goes up. They are both integrated with block targets and difficulties that are independent of one another; so one cannot perpetually overpower the other. This is why PoS/PoW hybrid is more secure vs just PoS only. And, it is also worth noting that over time, the Mintcoin networks actually will get more secure with age, whereas a PoW only coin has the potential to get less secure due to centralized mining processes. Mintcoin is protected from PoW overpowering, as well as PoS overpowering. You cannot know for certain the future of the Mintcion blockchain (at least very far). With Pure PoS, you know the future will always be a PoS block next, and with PoW you know that the future will always be PoW blocks next, but you cannot know the future with hybrid PoW/PoS like Mintcoin.

Mint is just The future, NOW! is pure blazzing fast beauty
285  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 04:17:26 PM
Mint is Facebook.. i thought at first it was gonna be the twitter of economical networks.

Thats the analysis i make with a think group of 22YO Venture capitalists.

Wasn't the first,  came from nowhere, nobody payed attention at first, was better than the competition since the begining.

Its just plain stupid not to invest in Mint in a 2 Year plan.

Im moving a lot of capital towards this coin using my network.


Have fun day trading. im holding 2 years and buying at 14/13  everything that stupid people wanna sell.



As more and more folks who are involved in altcoins start to take this attitude coins like MINT are going to start gaining fundamental value and the "pump and dump" scams will fall by the way side.

This is a wise course of action, one that I am following myself. I too have taken the long position on MINT.

The Clone Wars is almost over, soon revolution will rise.
286  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 04:04:27 PM
Mint is Facebook.. i thought at first it was gonna be the twitter of economical networks.

Thats the analysis i make with a think group of 22YO Venture capitalists.

Wasn't the first,  came from nowhere, nobody payed attention at first, was better than the competition since the begining.

Its just plain stupid not to invest in Mint in a 2 Year plan.

Im moving a lot of capital towards this coin using my network.


Have fun day trading. im holding 2 years and buying at 14/13  everything that stupid people wanna sell.

287  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 03:52:14 PM
from http://www.peercointalk.org/index.php?topic=401.0

"There are a lot more PoS blocks than Pow. Once you mint a block with your coins they are locked in stake for 520 blocks, and the PoS mints with a transactions size ie if you get 1000PPC and the transaction is old enough it will mint and your PPCs will be locked in stake. There is no guarantee that the next block will be PoS so you have to own 51% PoW, and if you have a bunch of old coins there is no guarantee that you find all the PoS blocks in a row either ... So NO finding six blocks and double spending might risk the network rejecting your blocks and losing your stake..."

This does have me wondering how a pure PoS coin prevents this, since there IS a guarantee that the next block will be PoS...

Sounds like a blackcoin problem.

They always mistake the forum page... dont now why they love it here this much.
288  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants on: March 29, 2014, 03:33:16 AM
I will be buying more MINT tonight. and hope the price is low on april 1st. thats when i get paid Cool

Yes,
MINT prices will rise in a few days
Such a low price to buy MINT is wise!
Good luck.

Yeah, I agree. The build pressure built up so quickly. Something is brewing or there is a lot of interest now.

I called some friends 2 weeks ago, they have been checking on mint price, market volume and POS fast technology and some angels decided was a buy!

Cheesy
289  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *33 Merchants on: March 28, 2014, 07:41:46 PM
Current state at Mintpal. Check out that buy pressure!



52 BTC at stake, its not peanuts.
290  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *33 Merchants on: March 28, 2014, 04:46:03 PM


anything I can do?

Its normal, its an orphan block, remeber that you are finding blocks!
your coinage is restarted if block is orphan, you arent losing anything.

BTW! Huge STAKE BRO!!! jejejejejej
291  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *33 Merchants on: March 28, 2014, 04:16:43 PM
anybody have unconfirmed transactions?Huh


Yes, I have many unconfirmed minting transactions. I wonder what happens to that coinage. Does it get re-minted or does it just disappear?
I still don't get it and I have read the explanations.

Coinage reset to original if block is orphan. quite nornal behaviour.
292  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *33 Merchants on: March 28, 2014, 02:45:08 PM
when i open the mintcoin wallet, it is so slow.

and  I have saw the memory and cpu,  I think the mintcoin wallet occupied so much.

i think the dev should solve it

My cliente uses 0,2% cpu! its so light soon we will have it on android! minting on android!!

That might rape your battery and data usage though. I'd be curious to see how much data it would use while you're out and about, ie using 3G or 4G not on Wi-Fi.

in data it doesnt require too much, as much as getting the blockchain,
 so in data it will cosume the same as other mobile wallets, remember POS hashrate are coins!
293  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *33 Merchants on: March 28, 2014, 01:54:55 PM
when i open the mintcoin wallet, it is so slow.

and  I have saw the memory and cpu,  I think the mintcoin wallet occupied so much.

i think the dev should solve it

My cliente uses 0,2% cpu! its so light soon we will have it on android! minting on android!!
294  Alternate cryptocurrencies / Altcoin Discussion / Re: My view on the future of Crypto Currencies on: March 28, 2014, 04:42:31 AM
POS Android minting is the future

more Distributed and not dependant in big hardware to process transactions.

Less energy consumption, and really really fast confirmation speed.

That gives you three options: Mint (since early feb) BC sin late feb/march and ECC

Mint have better name and the comunity is not focused on price pumping, but in developing services
in the other hand, BC is more focused on price pumping trough multipool (ASIC will kill this)

ECC sounds like w0long, i bought a few at 6 an alredy put it on sale at 48, trying to get lucky

Mint is clearly the future.

Thanks for the info.   So the app is called Mint?  

The Coin, Mint coin.

The app is gonna be released soon, revolutionary.

295  Alternate cryptocurrencies / Altcoin Discussion / Re: My view on the future of Crypto Currencies on: March 28, 2014, 04:11:56 AM
POS Android minting is the future

more Distributed and not dependant in big hardware to process transactions.

Less energy consumption, and really really fast confirmation speed.

That gives you three options: Mint (since early feb) BC sin late feb/march and ECC

Mint have better name and the comunity is not focused on price pumping, but in developing services
in the other hand, BC is more focused on price pumping trough multipool (ASIC will kill this)

ECC sounds like w0long, i bought a few at 6 an alredy put it on sale at 48, trying to get lucky

Mint is clearly the future.
296  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Built to Last a couple of decades? Will other altcoins rise up? on: March 28, 2014, 04:02:55 AM
What are your thoughts?

First strike harder, possibly can be Facebook.

But twitter is Mint, fast and efficient, soon mineable from android POS coin.

Cheap as hell and well distributed, with 14 satoshis floor.
297  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *33 Merchants on: March 28, 2014, 02:26:21 AM
People reading this: Contact www.cavirtex.com and email them. Ask them to trade Mintcoin.

VirtEx is the largest BTC and LTC for fiat ($CAD) exchange in Canada. This will be big if they accept Mintcoin.

Canada is the most tolerant country of cryptocurrencies and altcoins and this will be a good environment for Mintcoin to grow and for fresh money to enter.

Afterwards, we can all start emailing Canadian charities and nonprofits and ask them to accept Mintcoin donations. We will then donate to them. We can start emailing charities in Canada once Vault of Satoshi trades Mintcoin. Then we can bother VirtEx again. We can start with smaller charities and lesser known organizations and causes and use that as a stepping stone for larger and more well known charities. We need them to put our logos on their site to advertise for us in exchange for getting people to donate.

Then we will email businesses and ask them to accept Mintcoin. We will try to get larger businesses and corporations to accept Mintcoin. We will use the charities as a stepping stone (You see, such and such charity loves Mintcoin, so you should have Mintcoin too for your business). You can tell businesses that they can get money in fiat back immediately through an exchange such as Vault of Satoshi.

Lets Do iT!
298  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *31 Merchants on: March 28, 2014, 01:36:39 AM
14, well we fall less tha BC jejejejej

Smile!

There is plenty of other alts falling a lot faster than mint!

Theres blood everywhereeee today, but mint is stable!
299  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *22 Exchanges *31 Merchants on: March 27, 2014, 10:48:21 PM
14, well we fall less tha BC jejejejej

Smile!
300  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin *21 Exchanges *31 Merchants on: March 27, 2014, 08:04:17 PM
Aaw i just broke my miner!!
Added a new gpu and it ran for two hours before the psu gave up..
And since i live in north sweden in the middle of nowhere i cant just go out and buy a new one... have to order from the net.. now i cant mine until some time next week!!!

But the good thing is i will have 1.2mh/s then Smiley

Send me your Mint Address, ill send some mint im minting for free!
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!