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5461  Alternate cryptocurrencies / Announcements (Altcoins) / Re: XCurrency (XC) BlockNet community thread on: July 13, 2015, 03:11:11 AM
Why BLOCK price has fallen so much recently?

Not a clue I'm afraid.

Personally it looks rather nuts to me. Sell before the decentralised exchange is released? Crazy.

At least it's actually a very low volume. Perhaps it's just a couple of people who need the BTC or something.

I think it probably has something to do with all your links dying on the main post:



Now that's what I call deprecated stealth mode.

5462  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] The internet of blockchains | XBridge | Non-Deprecated Thread on: July 13, 2015, 03:10:49 AM
Why BLOCK price has fallen so much recently?

Not a clue I'm afraid.

Personally it looks rather nuts to me. Sell before the decentralised exchange is released? Crazy.

At least it's actually a very low volume. Perhaps it's just a couple of people who need the BTC or something.

I think it probably has something to do with all your links dying on the main post:



Now that's what I call deprecated stealth mode.

5463  Economy / Scam Accusations / Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair on: July 13, 2015, 02:41:32 AM
There are many unknowns in this teaming so you shouldn't talk about them doing "best efforts" if you don't also prove it.

I don't know what that, or the rest of your word salad, means.

You may learn all about the history from the primary sources:

https://cases.processgeneral.com/cases/case/5/hashfast-technologies-llc/

Ok. It's plain and clear. Prove the "best efforts" or at least back them up with your logic. I showed you my logic that there was no "best efforts" since Uniquify didn't deliver anything. Or at least it's how I remember it. What exactly are their "best efforts" that you praise so much?

The bankruptcy court put HF through the "best effort" test.  If they had failed it, the court would have approved the motions to convert from Chapter 11 to 7.
5464  Economy / Scam Accusations / Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair on: July 13, 2015, 01:52:21 AM
There are many unknowns in this teaming so you shouldn't talk about them doing "best efforts" if you don't also prove it.

I don't know what that, or the rest of your word salad, means.

You may learn all about the history from the primary sources:

https://cases.processgeneral.com/cases/case/5/hashfast-technologies-llc/
5465  Bitcoin / Development & Technical Discussion / Re: Reminder: zero-conf is not safe; $500USD reward posted for replace-by-fee patch on: July 12, 2015, 07:09:54 AM
Why the hell do you keep talking about ducks???

Sorry, I'm terrible at puzzles and riddles.   Tongue

Um.  Perhaps we have miscommunicated here.  If you are not talking about ducks, then what the heck do you mean when you use the word 'canard'?

Same thing as Merriam-Wester: "a false or unfounded report or story; especially :  a fabricated report."


Pardon my French!
5466  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 12, 2015, 05:55:01 AM
I admire how you care about poor africans who cannot afford to pay 0.001BTC for transaction while "you"(your white horse) stole 3,000 BTC into your pocket.

?? You're confusing me with Cypherdoc and claims on hashfast?


@iCEBREAKER:  while its true of course that black markets have a high margin and so therefore can handle high transaction fees, my honest hope for Bitcoin is that it allows every person to "be their own bank".  I hope that it is not solely useful as currency of choice for criminal activity due to high transaction fees.  That betrays the promise of crypto-currency (IMHO)

RE: sidechains and Lightning  -- these are vaporware right now, and I have seen too many 100million dollar startups fail due to a great vaporware story.  Products have failed because they promise V2 with all these features, so people choose to wait rather than buy V1.  But if you rewind this thread about 6 months you'll see that I was an avid supporter sidechains and lightning. 

Even if the technical details are a slam-dunk, the organizational details may be problematic.  We don't know if individual companies will be backing these functions and therefore be pressure points and behave just like CoinCafe has done for the completely legal action of posting an ad on Backpage -- that is, block it due to fear of litigation.  There is TREMENDOUS power in a 1-hop (no intermediary) peer to peer network with no "sponsoring" company.  The political pressure attack surface is basically zero.


Its unfortunate that certain people can't see the wisdom of reasonable scaling until we are certain that these issues work themselves out in a manner the protects an individual's inalienable right to property and the transactions that implies.

I'm agreeing with you that the stress test was in general a success.  I mean some people had 12-14 hour txn waits (according to reddit posts), but in theory wallets will now be changed to suggest fees dynamically.  But this was a very static situation -- the spammer was issuing txns at a well known fee so it was easy to outbid him (if you read reddit and knew what was going on, which you know most casual users won't do).  But the the point of the spammer was to fill blocks, NOT to get his txns IN a block.  However, the situation will be VERY different when there is sustained 110% demand by people who need their txns in a block.


Thanks for considerate and intelligent reply.  I don't know how anyone could possibly confuse you with the increasingly unstable Frappuccino_Doc of late.

Please don't cite "Reddit posts" as proof any tx with a competitive fee failed to be given proper priority.  Blocktrail or it didn't happen.

Wallets are starting to support RBF and dynamic fees, so stuck payments shouldn't be an issue in the future.

Sidechains and Lightning (spelled it correctly this time!) are coming along nicely:

https://github.com/ElementsProject/lightning

https://github.com/ElementsProject/elements

JR's profound "only black markets matter" thesis is greatly enhanced by the fact that "Being your own bank" is considered a criminal activity.
5467  Economy / Scam Accusations / Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair on: July 12, 2015, 03:31:51 AM
The truth is that cypherdoc was paid for a service that helped the scammers from HF steal tens of millions of dollars.

That is not the truth, that is defamation.

Where is the proof HF was anything but an ambitious high-tech start-up that, despite their best efforts, went bankrupt due to unfavorable business conditions?

There is no active police or regulatory investigation, there are no charges pending, and every attempt to even put HF into Chapter 7 has failed.

Chapter 11 is not a status which is granted to "scammers."

I realize you lack the basic vocabulary, common knowledge, and rudimentary intelligence required to comprehend all that (hence your Epic Butthurt sig), but I don't wish any lurkers to be fooled by your odious libel so I've explained it one more time.

Please return to your endless shilling for Spamdoolies, but try not to spamdoolie the entire hardware sub next time.   Wink

So if HF was an ambitious high-tech start-up then on what his endorsement based? Nothing but beautiful words. He was promoting HF based on nothing. He had no knowledge to be able to endorse the start-up. Maybe you can clarify this to me.

There will be no charges, unless HF decides that he didn't provide the service that he was paid for. I wasn't accusing cypherdoc of anything except that he took A LOT of money knowing that there are big chances that they will fail being a high-tech start-up. Let me refresh your memory:

Quote
The HashFast "BabyJet” ASIC mining machine will be a first-of-its-kind technology (400GH/s per ASIC chip, significantly less than 1 Watt per GH/s) slated for delivery by late October. Speeds greater than 400GH/s are being achieved on extensive industry-standard testing with 28nm ASIC physical design leader Uniquify.  Under 350W power draw.  Their goal is to under promise and pleasantly surprise.  The extensive testing being done has been consistent, repeatable, and surprisingly improving to extraordinary levels just in the last two weeks alone.  And let me not forget one other significant thing; this unit has water cooling.  NO MORE NOISE.  There is a God!

I have had the opportunity to look into the eyes of the principals involved as well as shake their hands.  I have worked with them closely for the past two weeks.  I believe that these people will make a full faith effort to deliver on their promises. Whether or not they are actually able to deliver working units by November, I can’t absolutely guarantee.  But, I believe that they have the talent and work ethic to make that a distinct reality. 

This is his endorsement. He even invoked God for the 3000 BTC that he took. He did his job very good, I'm not complaining, but I don't see anything about any risks especially when we are talking about a high-tech start-up that normally is prone to fail. Fuck the statistics. He looked them into their eyes! It's the best endorsement ever! No talking about technical stuff or technical abilities or skills to manage a business.

Yes he mentioned that he can't guarantee the October delivery, but having work ethics compensates for everything.

Yes cypherdoc is a scum bag. A 3000 BTC richer scum bag and he deserves nothing else than shit. Just like you do.

If HF didn't have "work ethics" they would have not satisfied the 'best effort' standard required to stay out of Chapter 7 and remain in Chapter 11.

HF said they were teaming with Uniquify to build a 28nm 400gh/s ASIC and that's what they did, before going bankrupt due to the same combination of price and difficulty changes that caused Cointerra (and other companies that didn't even manage to build a chip) to fail.

If BTC had gone to $10k or even stayed at $1k, cypherdoc would be a hero for visiting HF in person and reporting back to us.  Don't put all the blame on others when gambles don't pay off.
5468  Bitcoin / Development & Technical Discussion / Re: Reminder: zero-conf is not safe; $500USD reward posted for replace-by-fee patch on: July 12, 2015, 02:07:14 AM
The Lightning Network is is still in the paper napkin stage, and "Sidechain" is just another word for "something".  

Why not do a cursory google search before making trivially disprovable assertions?

https://github.com/ElementsProject/lightning

https://github.com/ElementsProject/elements

RBF was just a paper napkin when the OP was posted.  Now it's real.


Why the hell do you keep talking about ducks???

Sorry, I'm terrible at puzzles and riddles.   Tongue
5469  Economy / Scam Accusations / Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair on: July 12, 2015, 01:08:10 AM
The truth is that cypherdoc was paid for a service that helped the scammers from HF steal tens of millions of dollars.

That is not the truth, that is defamation.

Where is the proof HF was anything but an ambitious high-tech start-up that, despite their best efforts, went bankrupt due to unfavorable business conditions?

There is no active police or regulatory investigation, there are no charges pending, and every attempt to even put HF into Chapter 7 has failed.

Chapter 11 is not a status which is granted to "scammers."

I realize you lack the basic vocabulary, common knowledge, and rudimentary intelligence required to comprehend all that (hence your Epic Butthurt sig), but I don't wish any lurkers to be fooled by your odious libel so I've explained it one more time.

Please return to your endless shilling for Spamdoolies, but try not to spamdoolie the entire hardware sub next time.   Wink
5470  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: July 12, 2015, 12:54:44 AM

Regarding

Quote
The current goals of development can be summed up pretty simple by saying that, in the short term, we are focusing on making Dash much more accessible to the general public. This includes an Android wallet, iPhone wallet and a very stable version of the reference client.

...given that one of the "core" markets is the privacy market,
....given that the use of DASH without IP obfuscation is not very suitable for a private currency,
.....given that the general public wants easy solutions and if you get too technical in telling them how to set up various anonymity extensions you lost the potential user and you could marginalize the use of DASH

...I think we need to implement a built-in IP obfuscation system that works out of the box from the wallet client.

Darkcoin was about privacy.  Darkcoin is dead.

DASH isn't about privacy.  DASH is about mass marketing.

That is why the phrase "masternode blinding" is conspicuously absent from Dear Leader's HYIP update.

No wonder DASH is down over 10% today.
5471  Economy / Scam Accusations / Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair on: July 12, 2015, 12:08:04 AM
Now you are defending cypherdoc too? Thanks for proving that you are just a dog following orders!

This isn't about Frappuccino_Doc.  It's defending the truth, and thus helping lurkers understand why reality turned out to be so wildly divergent from the herd-mind consensus of the HF Derangement Society.

In fact we've been in a furious debate about blocksize (and by proxy, the True Meaning of Bitcoin) for months.

Shouldn't you get back to shilling for Spamdoolies?  Maybe they will throw you a bone and give you a belly rub if you help them spam the hardware sub, as they have done over and over again.

I'm touched you devoted your sig to me, so epic is your butthurt about the thrashings I've given you every single time we've tangled.   Kiss
5472  Bitcoin / Development & Technical Discussion / Re: Reminder: zero-conf is not safe; $1000USD reward posted for replace-by-fee patch on: July 12, 2015, 12:04:38 AM
Oh, yes, I will be the first to acknowledge that USA's current educational system is an utter piece of crap. 

It seems to be the first thing gutted when money is needed elsewhere, the thing most inconsistently supported, and the thing subject to absolutely the worst planning and analysis in the US government (except for perhaps the SEC).  Most damning of all, it is terribly ineffective.  US graduates are generally lower in quality of learning than people who attended school in the third world, and completely inadequate for the personnel needs of our own high-tech businesses. 

We can examine school systems from all over the world of that actually work. We should use that information to fix our own.  But we don't.  Education in the US has been the victim of many different idiots with "solutions" that are simple, easy to talk about, and wrong.

The USA has many incomparably excellent schools, most of which are in the private sector.  Excellent schools in the public sector owe their excellence to the involvement of private parties (PTA moms, alumni associations) and excel despite their handicap.

The 'poor underfunded schools' canard is bogus.  We lavish money on failing "Taj Mahal" schools (and especially on their corrupt top heavy admin layers).

Anyway, I was hoping you would respond less to the OT digression about schools and more to my ultimate point:

Quote
As for "stuff that's cheaper and more efficient when provided by government," the vast majority of people believe that set includes all manner of things which stand to be radically disrupted by Bitcoin, with central banking and its monetary fiat policies being the prime example.

Quick, let's get the government to ban full RBF, because 0-conf tx are a Public Good and double-spending "is a form of payment fraud, exactly like check kiting!"   Grin
5473  Bitcoin / Development & Technical Discussion / Re: Reminder: zero-conf is not safe; $1000USD reward posted for replace-by-fee patch on: July 11, 2015, 10:45:50 PM
My problem with the current crop of "libertarians" is that they're advocating fundamentally unproductive stuff like destroying public infrastructure.  There's a lot of stuff that's cheaper and more efficient when provided by government, (like roads), and there's a lot of stuff that can't be provided by private firms because other private firms will fuck it up (like clean air and soil) and there's a lot of stuff that supports the economy at large in the long term but does not support any particular private company so private companies won't do it (like universal, USEFUL education).

I've been involved with small and big L Libertarianism for over 20 years.  Not once have I heard or read anyone propose we all go out and start tearing up the roads, because Death To the Oppressive Orwellian CalTrans or start digging up pipes because Death To the Totalitarian Fascist EBMUD.

Scale matters (the poison is in the dose), and most libertarians are most opposed to Federal provision/regulation of goods/services, but not so much State/local policies (because it's much easier to choose/move between jurisdictions competing for residents than nations).

Your position would be stronger if you at least acknowledged (even implicitly) the smoking crater of ignorance, thuggery, and epic waste our failed public schools have become.

As for "stuff that's cheaper and more efficient when provided by government," the vast majority of people believe that set includes all manner of things which stand to be radically disrupted by Bitcoin, with central banking and its monetary fiat policies being the prime example.

Quick, let's get the government to ban full RBF, because 0-conf tx are a Public Good and double-spending "is a form of payment fraud, exactly like check kiting!"   Grin
5474  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 11, 2015, 10:17:48 PM
Great points Zerg. Crippling bitcoin to 1 mb/10 minutes is insane. I can download 5mb/s and upload 2 mb/s with my casual internet connection. Leaving bitcoin this way, feels like using 3,5" floppy discs when your mother already uses 20gb usb sticks.

Zerg mercilessly assaulted and battered two strawmen IN A ROW.

First, I never said "the underground economy IS going to fit in 1 MB."  And Zerg is incorrect to blanketly assert System D "can't afford high txn fees."  System D is vast, and while some parts of it are highly efficient, other parts (EG the darknet and off-line sex/drug markets) ALREADY thrive despite exceedingly high transactional friction.  EG, the state often locks System D participants in cages and disputes, having no recourse to law, are sometimes settled with (non-state) violence.

Second strawman: "the only thing that will fit the 1MB block limit profile are large settlements between banking institutions."

Zerg must have been asleep for the past year, enjoying pleasant dreams about 8MB (or 20MB, or 200MB) blocks magically scaling Bitcoin to Visa+gold+fiat TPS levels, while the rest of us learned about and grew to appreciate the potential of sidechains and Lightning.

As for the "honestly awesome" quote, MP is predicting and endorsing a meritocratic future where looters (both rich and poor) may not vote themselves plunder created by the efforts of rich industrialists.  That is completely different from the present plutocracy and crony capitalism Bitcoin was built to undermine and eventually consign to the dustbin of history.  If you don't want the Takers to be prevented from appropriating the economic rewards of the Makers, perhaps Bitcoin isn't as good a fit for you as good old BIS fiat.

The 1MB floppy (OLD, BUSTED, BOOO!1!!) vs 20GB usb (NEW, HAWTNESS, YAAAY!1!!) shtick is at this point itself old and busted.

Maybe Zerg disabled signatures and missed the opportunity to read the latest additions to my own artfully curated collection:

Quote
Resiliency, not efficiency, is the paramount goal of decentralised, non-state sanctioned currency -Jon Matonis 2015
Quote
The raison d'etre of bitcoin is trustlessness. - Eric Lombrozo 2015

The 'stress test' DOS attempt was not a success.  Please, if you are able, cite a tx with a competitive fee that got stuck.

Until such a unicorn is produced, I will side with gmax and quote his scathing quip on the matter of actual reality vs herd-mind consensus:

Quote

Damn, I haven't seen someone get served like ^that^ since Pete Sampras retired!   Cool
5475  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: July 11, 2015, 04:04:44 PM
Good to get this out in the open Icebreaker. The complete absence of an attempt at refutation is chilling (no pun intended) !

I saw this in another thread, and would like to know if it is accurate.

The links check out, so it seems like a legitimate account.

Dash can always do with some new discussion.

Let's start with these points.

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!


I can't find any thread without issue being taken to the top of the World's problems.

Can you guys produce the same about bitcoin for me and give me a reason why I wasn't at the beginning of btc minning?
Why did I not know about it in time? Was I not smart enough to understand minning procedure or maybe Satoshi fucked up because he knew only one language and couldn't explain it to me.

Please, quick so I can dump my btc bought at $4, butthurts (btw x100's more expensive than others could a year before) because you seem good at finding the truth about Dash where there is everythig out in the open.

I will be waiting here  Kiss


Satoshi never insta-mined BTC, he hasn't dumped his stash on bagholders, and he certainly hasn't imposed a dev fee to get even more free coins.

Bitcoin's actual emission has always matched its theoretical emission.

Dash's first 48 hours were a mess, and from that mess THE DARKCOIN FOUNDATION INC. make millions in profit.
5476  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 11, 2015, 12:17:04 PM
Frappuccino_doc's car insurance is about to go up.

Because the Gavinmobile just got wr3cked, again.   Tongue

Quote
Transaction Fee Market Develops Amid Surge in Transaction Volume
http://qntra.net/2015/07/transaction-fee-market-develops-amid-surge-in-transaction-volume/

The illusion that every coffee might end up on the blockchain has faded [this] week to reveal the glory of a robust, attack and censorship resistant settlement network of actual value.

EDIT: Great minds think alike:

5477  Alternate cryptocurrencies / Altcoin Discussion / Re: DARKCOIN AKA DASH vicitim resources on: July 11, 2015, 12:10:13 PM
updated OP with cryptohunter's history of the first 5 hours.  Unbelievable!

Disguising the pre-mine as an insta-mine, just to bypass coinmarketcap's shitcoin filter, is pretty slick though.   Cheesy
5478  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the darkcoin/dash instamine matters on: July 11, 2015, 12:05:08 PM
XPOST of high relevance:

Dash can always do with some new discussion.

Let's start with these points.

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!


Thanks cryptohunter, good work!
5479  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: July 11, 2015, 12:03:25 PM
I saw this in another thread, and would like to know if it is accurate.

The links check out, so it seems like a legitimate account.

Dash can always do with some new discussion.

Let's start with these points.

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!

5480  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 11, 2015, 11:36:27 AM
The recent surge in Backpage BTC use proves how spot on Justus was with his Black Market blog post.  Its obvious that BTC will change how we do commerce, no the other way around.

Agreed.  Justus hit it out of the park with that one.

Sigworthy quotes therein:

Quote
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