How to Destroy NEM - Operation "Never Ever More"

[DecentralizeEconomics]

How to Destroy NEM - Operation "Never Ever More"

Are you sick and tired of this NEM crap?  Do you want to rid the planet of all these NEMorons who only constantly lie, cheat and steal?  This is an attack vector on PoI that will surely put those greedy liars back in their place.

Step 1 - Create multiple accounts.  Say a hundred for demonstration purposes.
Step 2 - Send your NEM around in a ring from account 1, 2, 3, etc to 100 and then back to account 1.
Step 3 - Repeat to increase your PoI and then obliterate the network.  PROFIT!

The following is a very simple network topology loop attack which will catastrophically destroy NEM.  This type of attack has been repeatedly pointed out to the NEM "devs" and they simply ignore it because obviously they are more interested in making money than making a working crypto.

Feel free to write a program that interfaces with the NEM client which automatically sends the NEM from account to account and change up the size of the account loop (number of accounts) and vary the timing of the txs.  This attack is impossible to counter because there are infinite different network topology loops that can be constructed.  It wouldn't surprise me if the NEM "devs", the liars that they've proven themselves to be (They chose to associate with UtopianFuture), aren't actively exploiting this to increase their harvesting.  I hope this prevents some innocent people from putting their hard earned money in this ridiculous scam.

[0nlyBTC]

Harvest Rewards gonna increase. 

[DecentralizeEconomics]

Isn't the long time to it get "vested" used to protect against this?

[TaunSew]

OP is a beta NEMlet  

[iGotSpots]

To me this thread smells of a harvester that is sick of 0 valued blocks. That's actually why I sold what I had

[gimre]

Step 1 - Create multiple accounts.  Say a hundred for demonstration purposes.
Step 2 - Send your NEM around in a ring from account 1, 2, 3, etc to 100 and then back to account 1.
Step 3 - Repeat to increase your PoI and then obliterate the network.  PROFIT!

That won't work, but have fun.

Few issues here:
a) cluster detection,
b) this should bump poi a bit, but within limits
c) keep in mind your vested balance is part of importance
d) poi recalculation is done every 359 blocks

[e-coinomist]

Feel free to write a program that interfaces with the NEM client which automatically sends ...

Write it yourself, or shut up.

[DecentralizeEconomics]

Step 1 - Create multiple accounts.  Say a hundred for demonstration purposes.
Step 2 - Send your NEM around in a ring from account 1, 2, 3, etc to 100 and then back to account 1.
Step 3 - Repeat to increase your PoI and then obliterate the network.  PROFIT!

That won't work, but have fun.

Few issues here:
a) cluster detection,
b) this should bump poi a bit, but within limits
c) keep in mind your vested balance is part of importance
d) poi recalculation is done every 359 blocks

I've failed to see any actual math to back up the Nem "devs" assertions that PoI isn't susceptible to these types of attacks.

a) It is impossible for "cluster detection" to detect the infinite amount of account loop configurations.
b) "within limits"?  The Poloniex account had ~78% PoI the other day.  What are these "limits"?
c) You can leave some NEM in each account.  This doesn't prevent this attack.  It just makes it a little more costly.
d) Recalculation doesn't matter because this is a sustained attack.

[gimre]

I've failed to see any actual math to back up the Nem "devs" assertions that PoI isn't susceptible to these types of attacks.

b) "within limits"?  The Poloniex account had ~78% PoI the other day.  What are these "limits"?

If you don't see the difference between  ‱ and % I don't think we can continue this discussion...

also do your math: 123469263 / 8999999999 = 137,188... ‱

So with 78‱ they are still behind their POS value.

edit: oh I just looked at your post history, so it's my last post here

[3x2]

[Hollowman338]

DecentralizeEconomics had all of his sock puppets murdered and is angry.

[instacalm]

Hi there. Cool plan and awesome "attack"! Great way to generate fees of meaningless transactions that others simply harvest

Being that generous you might as well just randomly send out btc/nxt/nem/... though :3

Are you sick and tired of this NEM crap?  Do you want to rid the planet of all these NEMorons who only constantly lie, cheat and steal?

Did somebody hurt your feelings? Consider this a question to ask yourself m8
 

[Zer0Sum]

Step 1 - Create multiple accounts.  Say a hundred for demonstration purposes.
Step 2 - Send your NEM around in a ring from account 1, 2, 3, etc to 100 and then back to account 1.
Step 3 - Repeat to increase your PoI and then obliterate the network.  PROFIT!

That won't work, but have fun.

Few issues here:
a) cluster detection,
b) this should bump poi a bit, but within limits
c) keep in mind your vested balance is part of importance
d) poi recalculation is done every 359 blocks

I've failed to see any actual math to back up the Nem "devs" assertions that PoI isn't susceptible to these types of attacks.

a) It is impossible for "cluster detection" to detect the infinite amount of account loop configurations.
b) "within limits"?  The Poloniex account had ~78% PoI the other day.  What are these "limits"?
c) You can leave some NEM in each account.  This doesn't prevent this attack.  It just makes it a little more costly.
d) Recalculation doesn't matter because this is a sustained attack.

Not saying it wouldn't work in the longer term...
But your "account balance" in not relevant... it's "vested balance"...
Which starts at zero for new transfers... and then after 2-3 days rises SLOWLY and becomes "vested" at 10%/day.

Also, the "harvesting" of the Top 50 accounts has dropped from 75% to 65% last 48 hours...
And these accounts have picked up a grand total of 90,000 XEM worth $23.00

Imagine what you could buy with $23, baby...
I'll bet Spots could take his whole family to McDonalds  

But still, the fact that these algos are not publically posted in a Wiki in simple terms looks sloppy.

[DecentralizeEconomics]

I've failed to see any actual math to back up the Nem "devs" assertions that PoI isn't susceptible to these types of attacks.

b) "within limits"?  The Poloniex account had ~78% PoI the other day.  What are these "limits"?

If you don't see the difference between  ‱ and % I don't think we can continue this discussion...

also do your math: 123469263 / 8999999999 = 137,188... ‱

So with 78‱ they are still behind their POS value.

edit: oh I just looked at your post history, so it's my last post here

Still doesn't stop it.

Hi there. Cool plan and awesome "attack"! Great way to generate fees of meaningless transactions that others simply harvest

Being that generous you might as well just randomly send out btc/nxt/nem/... though :3

Are you sick and tired of this NEM crap?  Do you want to rid the planet of all these NEMorons who only constantly lie, cheat and steal?

Did somebody hurt your feelings? Consider this a question to ask yourself m8
 

Oh RLY?  Artificially increasing my PoI doesn't harm blockchain security???

[Come-from-Beyond]

OP is a beta NEMlet  

Proof of beluga caviar  

No idea what this means though

[Come-from-Beyond]

d) poi recalculation is done every 359 blocks

A prime number close to 6 hours? What does this give?

[3x2]

[Hollowman338]

OP pictured below, upset about his murdered sock puppet stakes

[Come-from-Beyond]

OP pictured below, upset about his murdered sock puppet stakes

I believe this is a wrong guess, he has criticized other coins too.

[Hollowman338]

OP pictured below, upset about his murdered sock puppet stakes

I believe this is a wrong guess, he has criticized other coins too.

Burned-out altcoin hater then?

Douchebags gonna douchebag.