He needs more than 51% hashrate to merge & make it work.
He needs to Ddos all pools & bring their hashrate to low & make his hashrate higher than 50%
If he does that then we can all see the unknown hasrate going more than 51% , if no one is mining solo & only he is mining as unknown or more than 55%- 70% if many are mining solo & he also mining.
LTC difficulty is low enough to solo mine it, therefore, it should be expected that one would NEED to exceed the full network speed for this attack to be a guaranteed success. So, maybe at some point, we should be looking for a doubling of total hashrate. Well considering it's been two hours since they've last been active and they've had 3 days to prepare. I'm about ready to call bullshit and go to bed. This is fail. |
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yeah i was thinking fireworks and thunder and bcx being all smug and gloating. This attack fails imo.
The attack is unnoticeable until the chains are merged! What is so hard to get about that? The fork is being hashed offline. Once it is of sufficient length/difficulty, it will be merged by syncing with the nodes of the network. This is because the nodes accept the longest chain by default. The ddosing of the pools would have to come first. It has not. |
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This attack fails imo.
Sums it up perfectly. Nothing happened. Not even one pool went down as far as I know. I want my money back. |
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Well this is boring. I actually thought I'd see something. At least a pool ddosing. Nothing!
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price is already dropping  It's been holding steady for a little while. There was an initial dump, nothing major, yet. |
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So what is that you want?
Since you're on. How long until you unleash your forked chain? Only a few hours til Sat.  I personally don't think it's happening and I'd like to get back to trading. Cheers It's happening. Feel free to trade. Yeah, I'm not really seeing any effect on the market whatsoever. Edit: okay now I do. Pools still up though. |
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My original time line stated the second fork would be merged Late Fri/Early Sat and its still Friday evening here depending on how soon I could get the herders lines up to take out the pools. I gave you guys three days warning and still as you can see by the hash rate chart, a large majority of you are on the pools exposing LTC to a 51% attack. http://pool-x.eu/netSimply amazing, everyone is depending on everyone else to solo mine and keep them safe. Pathetic actually. *All pools will be taken out in the next few hours followed by merging the forks. It all sounds so sinister! Even if this does happen, I'm still investing in LTC. Don't care. I just want this over with. Jeez... Edit: BTW, I can't believe you aren't on chat. You love this attention and you know it. https://btc-e.com/profile/765 |
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Now just so you don't think I am hiding, I will off this board for about two hours.
It's been two hours and I see you're on. Still waiting for you to unleash your fury! |
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but the price stayed above 0.0045.
I got in @ .004 Buy 750 LTC (-0.2%) from your order #390533 by price 0.004 BTC Just wish I would have had more BTC ready at the time. |
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what about mail.litecoin.net, might bring attention to litecoin, then have foo@litecoin.net? I'd use it. Edit: I'd also be willing to pay a couple LTC a month for that members/email account. Knowing the ltc will go to pay for hosting and helping the community. Cheers |
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So what is that you want?
Since you're on. How long until you unleash your forked chain? Only a few hours til Sat. I personally don't think it's happening and I'd like to get back to trading. Cheers |
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Again, without offering up something useful with this coin, services, goods, et cetera. It's just a bunch of guys sitting behind computers mining an unused coin trading to each other.
Your difficulty isn't really my concern.
Just saying from an investment viewpoint.
The exact same thing can be said to bitcoin when it's still $0.0041 too. It has potential, and that's why people buy it in the past, and mining at loss. Just saying from a miner viewpoint. https://bitcointalk.org/?topic=137.0Yes and what big event happened shortly after that? I'll just answer, Silk Road. Right now LTC is hopes and dreams and I agree I see them too. .0041 is acceptable to me as I've already stated. |
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Agreed as well. Litecoin is too much at .006 under normal conditions at this point in time. I wouldn't touch litecoin at all unless it was around .003 with the 51% possibility(no matter how remote of a chance that is.) due to the fact btc-e opened up deposits, for the next few days. I would go .004 - .0045 in "normal" conditions.
0.005 is the normal psychological price. If it's below than that, there's lots of selling without much buying. If it's way more than that, there's lots of buying without so much selling due to difficulty creeping up to 8.63320 There are almost 900.000 LTC on btc-e and only 1400 BTC. Having that much at a single exchange not moving day after day hurts Litecoin's economy overall.
It constantly moves to 800k - 1000k range but people deposit their LTC again so it's filled up to 900k. Now it's 841k. Again, without offering up something useful with this coin, services, goods, et cetera. It's just a bunch of guys sitting behind computers mining an unused coin trading to each other. Your difficulty isn't really my concern. Just saying from an investment viewpoint. And that's why right now your coin is not worth .006 to me and obviously others, at this moment. |
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he is absolutely correct.
Yes that was a great way to respond to newcomers to LTC. I guess fuck this forum too. Yeah, I really see LTC getting off the ground with this positive community attitude. Lol, and I'm on your side. |
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Your question was RETARDED. Deal with it.
Ignored. Asshole. |
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Still no answer?
So if 51% does happen and people lose LTC because YOU opened up deposits. Will you cover those losses?
Just take some PERSONAL RESPONSIBILITY. Either use the service provided OR NOT.No one forces users/miners/traders to use any particular exchange or crypto community service. There's no reason to be a fucking dick. Fine, won't use them then. Jesus. And here I thought the Litecoin community was cooler than bitcoin's. Fucking asshole. |
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Still no answer?
So if 51% does happen and people lose LTC because YOU opened up deposits. Will you cover those losses?
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A Silk Road. (Not that I condone this type of activity.)
I don't think Bitcoin would be where it's at right now had SR not happened.
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I like Litecoin and everything, but the current price is just WAY too high. A few hundred bucks worth of BTC is all that's keeping the house of cards that is the order book up above .003.
is ^ THIS +1 Price is waaay too high. Agreed as well. Litecoin is too much at .006 under normal conditions at this point in time. I wouldn't touch litecoin at all unless it was around .003 with the 51% possibility(no matter how remote of a chance that is.) due to the fact btc-e opened up deposits, for the next few days. I would go .004 - .0045 in "normal" conditions. This is just from someone who would like to invest more in Litecoin (disclaimer: I hold 10k LTC right now) and thinks there is a real chance. But also thinks the miners are a little too greedy and the price is being artificially propped. Plus there are no services. Well, no notable ones anyways. There are almost 900.000 LTC on btc-e and only 1400 BTC. Having that much at a single exchange not moving day after day hurts Litecoin's economy overall. Not good for an emerging coin with potential. It's time to let go of a little LTC guys. And maybe I'm just missing the deal of the decade but there are too many variables right now and too much LTC on the market. (= No more buying from me at this point.) This price is pure speculation. |
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It has finished propagating. No moar butterflies ^^
I see My Site This is my site description. and a butterfly. |
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