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del
June 06, 2011, 12:00:02 AM
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June 06, 2011, 12:01:07 AM
 #2

error @ line 4:
slush not home

It is pitch black. You are likely to be eaten by a grue.

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June 06, 2011, 12:04:52 AM
 #3

Buy Deepbit for $1,000,000.
Buy Slush' pool for $500,000

Merge them.
 Huh
Profit Cheesy

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June 06, 2011, 12:29:15 AM
 #4

Problem is that the second suspicious things start happening a lot of stuff will happen. Miners will leave those pools. Bitcoins will lose value.

And remember, you can only double spend coins you already have. You still couldn't invent coins out of thin air, or anything like that.
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June 06, 2011, 12:33:22 AM
 #5

Mods if you consider this idea inappropriate plz delete the thread

this is how this can be archived a quite easy way whit low investment but whit some risk

steps:
1. locate deepbit and slush pool admin's home
2. get 2 geeks and few other dudes whit guns
3. prepare everything to merge both pools
4. break into their homes take pool control
5. Huh??
6. profit


any suggestions ? apart for doing this when bitcoins are much much more expensive

Control of the pool doesn't mean control of the hashing power.

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June 06, 2011, 12:53:33 AM
 #6

The value of the Bitcoin is tied to the security of the network. If the network were to lose security like that, I feel like everyone would sell their BTC for bank currency, then the BTC would lose value.
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June 06, 2011, 06:56:12 AM
 #7

1. Create pool
2. DDoS Other pools
3. Huh
4. PROFIT!!
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June 06, 2011, 07:27:26 AM
 #8

The value of the Bitcoin is tied to the security of the network. If the network were to lose security like that, I feel like everyone would sell their BTC for bank currency, then the BTC would lose value.

Then it would recover once security was re-assured/improved....

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June 06, 2011, 10:38:50 AM
 #9

1. Create Pool.
2. Acquire real names and addresses of other pool operators.
3. Place order on silk road to their addresses.
4. Tip off local authorities.
5. Profit as other pool operators sit in jail for weeks/months.
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June 06, 2011, 11:19:08 AM
 #10

You not only need 51% of hashing power, you also need software that have malicius behavior to disrupt Bitcoin network. 51% with corectly operating miners and pool software = no difference at all. And maximum you can do is denial of service for whole network. After some time people will leave the compromised pools and network will recover.

Best way is silently gain remote acess to owners computers. Smart people have measures against babuins with guns, such as disc encryption and other stuff.

Better create your own large pool and DDoS the others. There is no protection against powerful DDoS. Or even better don't do anything malicius to Bitcoin.

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June 06, 2011, 12:57:52 PM
 #11

Mods if you consider this idea inappropriate plz delete the thread

this is how this can be archived a quite easy way whit low investment but whit some risk

steps:
1. locate deepbit and slush pool admin's home
2. get 2 geeks and few other dudes whit guns
3. prepare everything to merge both pools
4. break into their homes take pool control
5. Huh??
6. profit


any suggestions ? apart for doing this when bitcoins are much much more expensive

This is how this can be achieved with low risk but some investment:

steps:
1. Buy AMD
2. Buy ASUS
3. Buy local powerstation somewhere very cold.
4. Buy some linux geek sysadmins
5. Buy security
6. Mix n bake.
7. There will be no profit.
8. Now, onto freelance 'pen. testing'....

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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phelix
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June 06, 2011, 08:02:48 PM
 #12

1. create a pool with negative fee (maybe 0 fee is enough; several pools might be less suspicous)
2. wait until most people mine at your pools
3. force network to transfer everything to your address

should not be so expensive...

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sirky
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June 06, 2011, 08:21:03 PM
 #13

1. create a pool with negative fee (maybe 0 fee is enough; several pools might be less suspicous)
2. wait until most people mine at your pools
3. force network to transfer everything to your address

should not be so expensive...

You cannot do that. You can only double spend your own coins if you control the network, not spend money you don't have, or force people to send you their money.
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June 06, 2011, 08:48:46 PM
 #14

1. create a pool with negative fee (maybe 0 fee is enough; several pools might be less suspicous)
2. wait until most people mine at your pools
3. force network to transfer everything to your address

should not be so expensive...

You cannot do that. You can only double spend your own coins if you control the network, not spend money you don't have, or force people to send you their money.
hmm so what would I do then if I would control the network to benefit the most. i am sure it is hidden somewhere on this forum. Would I spend my coins a quadrillion times as fast as possible? to buy linden dollars?

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