[ANN][BSTY2] Community Takeover of GlobalBoost-Y, following 51% attack

[bstymaster]

I have recently demonstrated a 51% attack on GlobalBoost-Y.
( Orignial Thread: https://bitcointalk.org/index.php?topic=775289.0 )

This was possible because of the extremely low hashpower the coin currently has.
Note that I did not perform any double spend. This was just to demonstrate the vulnerability.

The coin lost most of it's miners after the block reward dropped from 347 directly to 50.  This is a masked premine.

Immediately after launching the attack I asked the developers to increase the block reward, to serve as incentive for miners, so that the coin would no longer would be exposed to this attack. They categorically refused. Then I cancelled a few small transactions (about 3000 BSTY in total) and Bittrex immediately delisted the coin.

I am starting this thread in hopes that we can mount a community take over, to salvage the coin.

If you hold BSTY, or you are interested in mining it, please post your comments here.

BSTY original thread is self-moderated and began deleting some of my messages.
This is not. I cannot censor any messages here.


MY BLOCK REWARD PROPOSAL

https://github.com/bstymaster/GlobalBoost-Y

Please note that I haven't yet updated the checkpoints. This is just a preliminary proposal. Awaiting feedback, and then will set the checkpoint pubkey.

Before block 29200, the rewards will remain the same.
After that, valid block reward will be 1024, and it will be halving every 240000 blocks.

This will fix the 51% attack vulnerability as it will give adequate incentive to miners.


int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 1024 * COIN;

    if (nHeight <17291)
    {
        nSubsidy = 347 * COIN;
    }
    else
     {  
        if(nHeight < 29200 )
        {
           nSubsidy = 50 * COIN;
        }
          else
       {
          int halvings = (nHeight-29200) / 240000;
     // Force block reward to zero when right shift is undefined.
       if (halvings >= 64)
      return nFees;
   
       // Subsidy is cut in half every 240,000 blocks which will occur approximately every 4 years.
       nSubsidy >>= halvings;
       }
     }
    return nSubsidy + nFees;
}

[Shadow_Runner]

Another community takeover...

[ocminer]

Another community takeover...

looks like takeovers are now "in"...

[bstdev]

There is no community take over, BSTYMaster is just an scammer. the discussion can be continue here

https://bitcointalk.org/index.php?topic=775289.0

Another community takeover...

looks like takeovers are now "in"...

[Razerglass]

Another community takeover...

looks like takeovers are now "in"...

i was just thinking that, trend alert

[louiseth1]

We shall soon witness a 3rd generation takeover with the current trends.

[Razerglass]

We shall soon witness a 3rd generation takeover with the current trends.

hold on while i make a bitcoin take over thread

[hussar]

sound more like a hostile takeover than community 

[bstymaster]

We shall see about that!

Let's not forget that you are the premine scammers, not me. I exposed your scam, just when you were in the middle of making fake volume on bittrex.

Let's see what the community has to say on an uncensored thread.

There is no community take over, BSTYMaster is just an scammer. the discussion can be continue here

https://bitcointalk.org/index.php?topic=775289.0

Another community takeover...

looks like takeovers are now "in"...

EDIT

sound more like a hostile takeover than community  

I wasn't hostile at all. I didn't steal anything by double spending. And all it took for the 51% attack was 50 computers.
And now I'm not even attacking it. I just demonstrated the security problem, that's all.

I started this thread mainly because their thread is self-moderated.

[WigitGetIt]

sound more like a hostile takeover than community 

That is exactly what this is.  This person has been attacking BSTY and is trying to take miners and accusing GlobalBoost calling us liars and cheats.  We know people who support us don't believe such lies.  I urge him to make his own Yescrypt coin and compete, I guess this is how he runs things.  Lies now ensure his failure in the future.  Good luck.  

[bstymaster]

It is no lie. The 51% attack can easily be made by anybody, because your coin is INSECURE.
Bittrex agrees! they delisted your coin.

As of now, anybody can do it like this:

in main.cpp:
bool ProcessBlock(CValidationState &state, CNode* pfrom, CBlock* pblock, CDiskBlockPos *dbp)
{
   if(pfrom!=NULL) { return true;   }   // refuse foreign blocks   <<<< INSERT THIS LINE

    // Check for duplicate


Then compile, start daemon, start pool, and if you can get like 50 computers in your pool, you'll take them over

Mining BSTY is a joke right now!

They completely became insecure 3 month ago, when they dropped reward from 347 down to 50, but kept quiet about this, the whole time.

sound more like a hostile takeover than community  

That is exactly what this is.  This person has been attacking BSTY and is trying to take miners and accusing GlobalBoost calling us liars and cheats.  We know people who support us don't believe such lies.  I urge him to make his own Yescrypt coin and compete, I guess this is how he runs things.  Lies now ensure his failure in the future.  Good luck.  

[CPUcoins]

There is no community take over, BSTYMaster is just an scammer. the discussion can be continue here

https://bitcointalk.org/index.php?topic=775289.0

Another community takeover...

looks like takeovers are now "in"...

No community take over?  You have no community over there.  Same people posting over and over and over.  You just started posting again, as far as people can see this coin was abandoned by the dev. Your words below.  But you did not do the last wallet update did you? https://github.com/ssdpool

There is no Developers. Only one developer Me.  This is my wallet

[hussar]

It is no lie. The 51% attack can easily be made by anybody, because your coin is INSECURE.
Bittrex agrees! they delisted your coin.

As of now, anybody can do it like this:

in main.cpp:
bool ProcessBlock(CValidationState &state, CNode* pfrom, CBlock* pblock, CDiskBlockPos *dbp)
{
   if(pfrom!=NULL) { return true;   }   // refuse foreign blocks   <<<< INSERT THIS LINE

    // Check for duplicate


Then compile, start daemon, start pool, and if you can get like 50 computers in your pool, you'll take them over

Mining BSTY is a joke right now!

They completely became insecure 3 month ago, when they dropped reward from 347 down to 50, but kept quiet about this, the whole time.

sound more like a hostile takeover than community  

That is exactly what this is.  This person has been attacking BSTY and is trying to take miners and accusing GlobalBoost calling us liars and cheats.  We know people who support us don't believe such lies.  I urge him to make his own Yescrypt coin and compete, I guess this is how he runs things.  Lies now ensure his failure in the future.  Good luck.  

that's interesting. i also didn't notice that bittrex de-listed this coin.
am i right to assume that there are less than 50 computers keeping the network up?

[TimC]

It is no lie. The 51% attack can easily be made by anybody, because your coin is INSECURE.
Bittrex agrees! they delisted your coin.

As of now, anybody can do it like this:

in main.cpp:
bool ProcessBlock(CValidationState &state, CNode* pfrom, CBlock* pblock, CDiskBlockPos *dbp)
{
   if(pfrom!=NULL) { return true;   }   // refuse foreign blocks   <<<< INSERT THIS LINE

    // Check for duplicate


Then compile, start daemon, start pool, and if you can get like 50 computers in your pool, you'll take them over

Mining BSTY is a joke right now!

They completely became insecure 3 month ago, when they dropped reward from 347 down to 50, but kept quiet about this, the whole time.

sound more like a hostile takeover than community  

That is exactly what this is.  This person has been attacking BSTY and is trying to take miners and accusing GlobalBoost calling us liars and cheats.  We know people who support us don't believe such lies.  I urge him to make his own Yescrypt coin and compete, I guess this is how he runs things.  Lies now ensure his failure in the future.  Good luck.  

that's interesting. i also didn't notice that bittrex de-listed this coin.
am i right to assume that there are less than 50 computers keeping the network up?

Almost all of the hash is on one pool (http://bsty.nonce-pool.com) and it shows to have 125 workers. So yes a low amount of computer trying to secure the block chain. The coin was 51% attached with 50 I7s.

[teastman1000]

Bittrex has disabled the wallet, not sure they've actually delisted it though. Usually they give some warning when they do that.

[bstymaster]

They DELETED all my posts on the BSTY thread. Although I speak the truth, and I haven't done any doublespend.

Anyway, what I think we should do, is go ahead with the fork.

And we talk to bittrex to list BSTY2.
BSTY is not yet delisted, but give it another 51%, if they ever enable it again and go figure...

So anybody who's has BSTY, or simply wants to mine, please install the modified wallet. Everything you have on BSTY before block 29200, will be preserved in BSTY2

And let's get going.  Please post to this thread, and let people know about it.
Perhaps there is a pool owner who would like to make a BSTY2 pool.
If not, I will setup a pool. We get some hashpower in.  I can help with that , until more miners join in.

BSTY and BSTY2 will have the same coins until block 29200, but since there's no real chance of BSTY ever being listed again, BSTY2 will be the only one to continue

So please post your comments to this thread.  I'd like to see who will support it.

Nobody deletes messages here.

[bstymaster]

They have survived nothing! I simply stopped, following the Bittrex delisting.
They still don't have hashpower, I can do it again anytime, and I posted instructions on how to do it.

I am not a terrorist. They don't have the hashpower to secure the coin, I exposed this and then stopped.

Hello,
We have survived a malicious attack by a cyber terrorist.  I have deleted all of the attackers posts to help protect the company.  I will have more updates soon.


Bruce Porter, Jr.
CEO GloablBoost Ltd

As for the profit calculator, it gives valid results only if the hashpower stays unchanged, if a few miners join, difficulty will increase and the profits will drop. That's why nobody joins.
Besides, you can't sell the coin anyway, bittrex banned them because it's a scam, so your profit will be 0.

I found this $BSTY mining calculator by Bitmakler showing profitability calculations in Dollars and Rubles.  Let's talk "dollars & cents".  
The price of $BSTY has certainly been rising and will continue to gain value.
http://en.bitmakler.com/GlobalBoostY___mining

James Porter
Executive Director GlobalBoost
Top Sales Rep BMW
https://twitter.com/HardCoreAds

[djm34]

They have survived nothing! I simply stopped, following the Bittrex delisting.
They still don't have hashpower, I can do it again anytime, and I posted instructions on how to do it.

I am not a terrorist. They don't have the hashpower to secure the coin, I exposed this and then stopped.

nope you are not a terrorist, just a moron (doesn't mean terrorists aren't morons too... but you, you just belong to the moron type  )
and no exchange will ever follow a "nobody" doing an hostile takeover (and they won't even follow "known" people doing it)

[Yanakitu Tenatako]

Hello,

I mined BSTY from start and still I am mining with some power.
My address is Y9fqCFNCSfToTrrDAJ5K3M7Ac64R7fohQs
As you can see I am in top 10 richlist.
At current there are around 80 CPUs @ my farm, mostly of them are I5 3470, some 3770 and some slower.
Do not know what to say. I mined for it, with my own computers, paid for electricity, lost time and time to accumulate it.

Now there is a takeover, and for sure it is BAD SITUATION.
I did not cause it. I am just supporter of BSTY.

As a matter fact, I don't give a   s.h.i.t.  for this "hostage" situation. Price is too low now and after all this will never be bigger again.
Money I spent for mining this was my decision, so this also is:

Do as you like, I really don't care, this is stupid story and hope all of you will eat your own poop.
You are all greedy bastards.




  

[WigitGetIt]

Hello,

I mined BSTY from start and still I am mining with some power.
My address is Y9fqCFNCSfToTrrDAJ5K3M7Ac64R7fohQs
As you can see I am in top 10 richlist.
At current there are around 80 CPUs @ my farm, mostly of them are I5 3470, some 3770 and some slower.
Do not know what to say. I mined for it, with my own computers, paid for electricity, lost time and time to accumulate it.

Now there is a takeover, and for sure it is BAD SITUATION.
I did not cause it. I am just supporter of BSTY.

As a matter fact, I don't give a   s.h.i.t.  for this "hostage" situation. Price is too low now and after all this will never be bigger again.
Money I spent for mining this was my decision, so this also is:

Do as you like, I really don't care, this is stupid story and hope all of you will eat your own poop.
You are all greedy bastards.

Thank You for your support and mining efforts.  It is greatly appreciated.