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P9k3twarJSubXA5gLpNm21mfWhVQj5sWNH
thanks!
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AWj2vFRFMe4s3pfazvkeC5P3ZTU3SvNAmw
thanks
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Y3T4JzPevf7gPAwrEjCmJ8F56JjjHhFyMT
thanks (if your supply was renewed)
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Y3T4JzPevf7gPAwrEjCmJ8F56JjjHhFyMT
thanks
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Hi guys.
Hi proudhon, are you a bull now? Based on your bottom calling at 50? Did you get in at 50ish? $50 was probably the bottom. I don't reveal my positions anymore. Do you mean temporary bottom, or that the price will never go below $50 ? |
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PPCoin is immune to a computational 51% attack. This is because it uses proof of stake.
Nonsense, executing 51% on ppcoin is a lot easier, you just need to wait 30 days and combine the stake that you collected with your hashpower for the attack. There is no security proof for ppcoin like there is for bitcoin, the ppcoin article contains just gibberish if you actually try to read it. The people who mined 300,000 ppcoins in the first couple of days will dump everything when they see that there are no more fools who believe the fantasies that they tell you. Lol no you don't understand. Re-read my quote. A computational 51% attack isn't possible on PPCoin. That means if someone gains >51% of the hash rate power they can't do malicious things like double spending. A proof of work computational attack alone won't do anything. This is because a hybrid of proof of work and proof of stake is used. Therefore an ASIC can't launch a 51% computational attack. Instead a person needs to attack PPCoin's proof of stake by accruing an enormous number of coins ie a 51% proof of stake attack. mr_random, like everyone else you're clueless about how the ppcoin system works. You don't need enormous number of coins for 51% doublespend, you just need to wait a couple of months until your chance to find stake is as good as anyone else, and combine it with much less than 50% hashpower. To prove that you're clueless, I offer you 100,000 ppcoins if you can describe here the ppcoin protocol (feel free to copy and paste from any source you'd like, though you won't find anything). |
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PPCoin is immune to a computational 51% attack. This is because it uses proof of stake.
Nonsense, executing 51% on ppcoin is a lot easier, you just need to wait 30 days and combine the stake that you collected with your hashpower for the attack. There is no security proof for ppcoin like there is for bitcoin, the ppcoin article contains just gibberish if you actually try to read it. The people who mined 300,000 ppcoins in the first couple of days will dump everything when they see that there are no more fools who believe the fantasies that they tell you. |
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P9k3twarJSubXA5gLpNm21mfWhVQj5sWNH
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I've also been here for more than 4 hours, and I have 5 posts excluding this one.
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4.) Encrypt Private/Public Key and Encrypt original Lastpass Key and store in several locations
You mean that you would encrypt the randomly generated strong password that Lastpass generated for you with some passphrase that's easy for you to remember? That would mean that you could be attacked by brute-forcing your passphrase instead of the strong password, so generating the strong random password wasn't helpful. You don't have to rely on external websites to generate passwords, you could take for example some identifier string of your choice like "mywallet01" and do sha256(passphrase+mywallet01) and use the resulting hash as the password for encrypting your wallet.dat, and then backup and store that wallet.dat at several locations. |
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When Mt. Gox was hacked, the hacker fraudulently sold a large number of bitcoins that didn't belong to him, driving the price (on Mt. Gox) to $0.01 (the price on all other exchanges was totally unaffected). However, because these trades were fraudulent, they were all reversed by Mt. Gox before they could be settled, putting the price right back were it was as if nothing had happened. None of the fraudulent trades at $0.01 were actually executed (and even if they were, nobody other than the hacker was actually willing to sell at this price, so it doesn't mean anything), and no legitimate trades took place in June 2011 under $18. However, the whole incident triggered a mass panic and loss of confidence in Bitcoin, causing the price to slowly drop to around $2 over the next several months.
+1 |
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