The math does seem to check out. However, I don't think hashrate will continue to increase like it has been. Im sure it will start to level off really soon here. But hey, $60k a pop? Ill take it lol. Are you a miner? I reckon an opinion of a trusted miner in the forum is badly needed to verify mike4001's calculations. You should delete your post or add a warning for people to be careful in listening to you. |
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More bad news for Ethereum holders. EOS has sent more ETH to Bitfinex worth $120 million. I speculate that EOS is dumping ETH to accumulate USDT and use that to pump EOS/USDT in the exchange when it becomes available, or is it already available?  Conclusive evidence that EOS has sent 200,000 eth to Bitfinex has now been provided by the ethereum public blockchain.
The EOS crowdsale smart contract has now finally been drained with just $1 million worth of eth left there at the time of writing.
The year long ICO is to finally end at around 11PM London time, which translates to late afternoon in America and very early morning in Asia.
Around that time or soon after the EOS blockchain is to launch, but rather than being busy with those preparations, the company behind EOS, block.one, is seemingly instead busy with moving millions in eth.Read the the whole article https://www.trustnodes.com/2018/06/01/eos-just-sent-120-million-worth-eth-bitfinex |
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@crwth. You are talking to level headed basketball fans, not the easily scammed people holding ICO tokens in the cryptospace hehehe. Golden State will win it again 4 - 1 or 4 - 2.  |
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I reckon Monster Products Inc. is too late. The community has already been scammed many times that they now cannot afford to baghold more tokens hehehe. Every one of them is waiting for next pump that might not come hehe.
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No words. But to those people, directly, indirectly or not at all involved, who made some good amount of bitcoins in this pump and dump scam, congratulations hehehe.  The Verge team is proving to be totally and utterly inept at safeguarding its currency from external hacks. Today marks the third successful attempt to hack the cryptocurrency and steal funds from any number of sources.
Specific (and competent) developers are marking this latest attack as pure and utter incompetence on the part of the Verge team.
Via a post earlier this AM:
“Seriously, I even don’t think anymore it’s an attack …..Things are so suspect by now viewing the last 3 months what happens at Verge.
– first, a crowdfund of 75M XVG to used for the mega ultra partnership, damn, who the hell pays for a partnership? You are a client or buyer if you pay for something. However, nothing left from this 75M XVG neither the deal was exclusive as announced, makes it even more suspect that something was paid with this XVG deal.
– then day after day millions of XVG get time spoofed. Come one, nobody lets day by day over weeks now millions of XVG going like that. In my opinion, that’s a pure inside job and would as well explain the reason why it never gets fixed!
That’s of course just my opinion and I could be totally wrong. But seeing what’s going on there day by day it’s the closest by now possible scenario.”
And more developer reaction:
“Basically, you have to ask yourself some questions. Are the XVG devs really so incompetent that they just don’t know how to fix it, thus leaving the chain open to attack (which is currently happening)? Or, are they failing to properly secure their coin for another reason altogether.”Read in full https://theicojournal.com/breaking-another-verge-hack-underway-verge-dev-team-asleep-at-the-wheel/ |
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Do you need active hero members?
BitcoinTalk username: bbc.reporter
YOLOdice user id: 167399
Forum rank: Hero Member
Current post count: 4027
Thank you.
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Functional since 2017, EOS blockchain operates as a smart contract platform, catering to decentralized applications. As per the white paper released in 2017, the private company block.one is presently working on the system, which would become an open-source decentralized platform on June 1.
Could you please share the facts I should know about EOS Mainnet Launch?
Hehehe, why are you trying to make us laugh? EOS is not functional since 2017 because it does not have its own blockchain. But what it has are vulnerabilites in its code that will make the attackers gain control of a node. Read more in this article https://thehackernews.com/2018/05/eos-blockchain-smart-contract.html?m=1Also, the EOS development team said that they already fixed the issue. But in the millions of code they added since 3 months ago, I reckon fixing it cannot be done in days. It would take months if rewriting and testing. |
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You should know how safe your investments are from 51% attacks and other vulnerabilities. We saw Verge, Bitcoin Gold, Monacoin and Electroneum were already attacked. Your coin might be next. Also, last year the low hanging fruit for scammers was ICOs. This year it will be attacking weak proof of work coins. For the list, go to https://www.crypto51.app/Bitcoin Private has a $451 million marketcap and has a very high NiceHash-able. |
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Merge mining is a bullshit, second coin worth nothing, a bonus. Scammy pools like minergate will claim all shit and dump on exchanges, their customers are retards and whole business is conversion of idiotism to fortune. Learned from VTC + Monocle, second coin goes to zero.
Only price can save from 51 for now, so buy as much as you can afford to multiply by 10 to attract more GPU miners /s.
Buying as much as we can would also be a big risk for us. We are not whales like americanpegasus, who can move the price in the direction he wants. Also buying would not assure enough hashpower comes in to make it safe from a 51% attack. |
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Thank you tonych and yahoo.
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The timing of EOS' decision to dump of all their ETH and the release of this critical security vulnerability might not be a coincidence for the most skeptical people in the cryptospace. Do I belong to that group? I am not sure. Maybe.
Why did EOS dump millions of ETH in a hurry?
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The EOS community said that this was only FUD and that all the vulnerabilities were fixed. But there is another group saying that the EOS development team is not that confident on the platform's security. Also, there are rumors that there might be a delay on the release of the mainnet. After EOS dumped all their ETH, and the release of this critical vulnerability, I reckon the most skeptical of you might be thinking of 2 words. Exit Scam.  Security researchers have discovered a series of new vulnerabilities in EOS blockchain platform, one of which could allow remote hackers to take complete control over the node servers running the critical blockchain-based applications.
Discovered by Chinese security researchers at Qihoo 360—Yuki Chen of Vulcan team and Zhiniang Peng of Core security team—the vulnerability is a buffer out-of-bounds write issue which resides in the function used by nodes server to parse contracts.
To achieve remote code execution on a targeted node, all an attacker needs to do is upload a maliciously crafted WASM file (a smart contract) written in WebAssembly to the server.
As soon as the vulnerable process parser reads the WASM file, the malicious payload gets executed on the node, which could then also be used to take control over the supernode in EOS network—servers that collect transaction information and pack it into blocks.Read the full article https://thehackernews.com/2018/05/eos-blockchain-smart-contract.html?m=1 |
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I did not copy everything on purpose so that everyone will read the whole article in the full. It's well written and might have covered the events accurately. Also, I checked some Ethereum forums and some people have said that ETH short selling is in an all time high in Bitfinex. Can anyone confirm if it is true?  An incredible trading volume of some 180,000 eth exchanged hands within that one hour on Bitfinex, up from around 20,000 an hour before hand.
That’s compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex.
On that same exchange, just before hand there were walls too, endless walls as far as traders are concerned, with a 20,000 bearwhale taken down then another one popping up until they may have lost patience and perhaps market sold.Read in full https://www.trustnodes.com/2018/05/28/eos-crashing-ethereum-300000-eth-sold-just-binance-lists-eos-usdt |
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@Febo. You asked if someone had speculations of a Tari was going to be developed for Aeon, I reckon the slightest thought of it was already dubious because Aeon has one of the lowest hashrates for a cryptocoin. We can be attacked anytime like Verge, Electroneum, Monacoin and BTG. Why would a development team risk building on Aeon right now?
We also have one of the lowest userbase. The Aeon market is also not doing very good.
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@LTU_btc. Yes, Alonso was surely be very bored in Monaco because he was out of the race hehehe. In any case I hope Redbull continues to maintain their quickness in every qualifying to make watching the sport a more exhilarating experience. Formula 1 makes me sleepy these days.
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We still have to avoid comparing China and America.
Especially since before that the Chinese government had manipulated the market several times in early 2017
The Chinese government did not manipulate the market by spreading FUD like many of us have thought. They were already pushing the cryptospace out of their country during those times in 2016 and 2017. Now it's out. The same warning signs are happening once again in America I reckon. |
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I really like Tom Lee's very bullish predictions despite the so many bans, regulations going around the ecosystem. Maybe one day we can truly appreciates Lee as the only one really trying to put some confidence back in the market with his upbeat forecast. As far as the coordinated efforts by the between US and Canada, well its good though to see and find out what ICO's are indeed scams but as the same time we also need to see reports who are really legit. Although the damage has been done already as the market quickly go South in the last 48 hours because of this news, but just like any crash or price correction, we are going to bounce back again and bitcoin will not be tired to fight this kind of negativity. Hope Tom Lee's prediction though will happen at the end of the year.
Do you like them because they are bullish and they make feel better or do you like them because it gives you hope that they are true? |
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@smooth. The release notes does not mention LMDB but I assume that it is already included in this upgrade? I would like to run another node on an old computer with 2GB of RAM and locate it at home.
It's definitely included. You might need slightly more than 2GB of ram to compile, but swap will suffice. It was mentioned but under how to upgrade the daemon, at the bottom of the release notes hehe. In any case I can always take ram from another computer if needed. @smooth. There are low hashrate cryptocoins that were attacked this year and it is becoming a trend among hackers. Monacoin, Verge, Electroneum and bitcoin gold all attacked. We might be next. Are you open to the idea of merge mining with Monero for protection? |
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@Febo. It would be better for Aeon to improve fundamentally and try not to be a Monero copycat. Better blockchain pruning and testing of bullet proofs with RingCT should be first in the new roadmap.
Tari will only be another overhyped and unused project I reckon.
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It is starting the same pattern as the events that occured in China. We thought all of it was FUD but it ended in exchanges moving out of that country. The American government might do the same in America, I reckon.
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