Does anybody else think this anouncement is just a crude attempt to drive the price down.
announcing this does not increase but reduce the likely hood of a successful double spend.

It might encourage more NMC miners to commit more hash to the network thus creating coins quicker plus cause panic selling.

I'll help

Good for them!

I hope they develop a "lethal alt chain killer" -- that'll show those wannabes who take the Bitcoin source, give it a new name, recompile it and start their own blockchain.

Any Bitcoin spinoff that is worthy of attention will have enough compelling reasons for its existence, and enough support, that it won't have to worry.

In fact, I'd go so far as to say that SUCH A CHAIN WILL NOT COME OUT until after Bitcoin is dying or dead. You can't have two viable chains at this point in history. There are simply not enough miners and ESPECIALLY not enough end-users.

Matthew

namecoin is stupid

bitcoin is safe

end of story

Please dont reset! I have so many coins mined now lol
I have been mining like crazy the whole weekend.
I suggest bitcoinexpress do the right thing and donate the 20000 blocks to bounties?  

Just received an Email from MrMoon saying there was a power outage and he was out of town.  Hellz yeah!  Thanks MrMoon, I knew you were a good man!

damn, this software sucks balls... guiminer FTW !!!!!

The Plan

A 51% attack is very elementary to what we plan to do. A team of our coders is convinced we can stop the block chain period and control it's direction forward or backwards via a reset. We've actually done it on a small test net.

Block Chain exploits have evolved quantum fold in the past 72 hours largely due to ArtForz Geist Geld exploit he posted, we took it to a new level as evidenced by the 20,000 blocks generated in 73 minutes which is theoretically impossible, but we did it.

Here's the agenda.

You have until block 19100 to withdraw, trade or do whatever you like. We will not launch until then.

At 19101 we are going to stop the block chain and do a reset to block 10,000. Using ArtForz modified exploit we are going to generate 5000 blocks in a matter of minutes, confirm them and commence experimenting. We will effectively split the NMC block chain and invalidate the old one past block 10000.

Gavin's patch will not work for the exchanges.

If you want to stop us all you have to do is increase the NMC Network Hash Rate to more than 500 GH /s before 19100. Bitcoin is 100% protected due to it's massive hash rate.

We notified the exchanges to prevent monetary loses by these guys. The purpose of this is knowledge and not to steal.

Goals
1) Developing protection for Bitcoin against exploits
2) Developing a lethal alt chain killer.
3) Making developers aware that when the "bad guys" make you aware of an exploit, FIX IT!

We will highly document this and make it public.

This will be my last post until after the attack begins.

I guess you can exchange anything with value, but I would have less faith in these testcoins over any of the alternates, especially as you can see some of the "testing" has produced ....non valid results based on the rules of the coin.. see arts creative time stamping.

why would I want to buy gelds produced this way?

Due to threatened double-spending attacks I have temporarily closed namecoin deposits and withdrawals.

Bitparking Namecoin Exchange
The Bitparking Namecoin Exchange provides a means for you to trade Bitcoins (BTC) for Namecoins (NMC) or Namecoins for Bitcoins. The Exchange does not take part in the trades, you are trading with other users of this service. Prices for exchanges are based on matching the current list of buy and sell orders. The exchange takes a fee of 0.2% from the namecoin and bitcoin side of the trade. Historical charts are available at NMC Watch.

Due to threatened double-spending attacks I have temporarily closed namecoin deposits and withdrawals.

Please divert some mining power to namecoins. If people lend their miners there for just a few days, merged mining will be in effect. This means that both bitcoin and namecoin will be stronger. Afterwards, everyone will be able to earn both BTC and NMC with their miners and no additional work.

Save distributed DNS!

So you want to destroy namecoin and the first serious attempt (in testing chains it works) to launch merged mining to improve bitcoin?
Merged mining is a great idea (by Satoshi, by the way) and both currencies will gain from it.
It seems you're in a hurry to attack namecoin because you won't be able to do it in the future. Can't you simulate the attack on you own fork?
Why do you have to attack other people's efforts and investments?
I think it is a very bad idea.
Please don't do it. Let us trade and register domains in peace. I only ask you to wait 272 more blocks. There's many people waiting to see it happen.
Please, DoubleC reopen the trade. Some people think namecoins will drop severely after merged mining comes in and I want to profit from that. I want to bet the opposite.

Hey, Gerken, you're really pissing me off.  Why would you make that your sig and avatar?  Are you supporting the hackers?  Making fun of the forum for being hacked?

Btw the owner of cosbycoins.com is allegedly

Dave Hollis
meanwhileinaustralia@gmail.com
28 latrobe rd
morwell, Victoria 3840
Australia

That wouldn't happen to be you, would it?