[PPC] Who bought almost 500k PPC today!?!

[peepee]

WTF?

12/20/12 18:24:37   buy   0.00034001   4901.00000000   1.66638901
12/20/12 18:17:50   buy   0.00034001   77.96600000   0.02650922
12/20/12 18:16:34   buy   0.00034001   222.44400000   0.07563319
12/20/12 18:12:18   buy   0.00034001   2044.00000000   0.69498044
12/20/12 18:04:38   buy   0.00036500   10000.00000000   3.65000000
12/20/12 18:04:38   buy   0.00036498   5683.00000000   2.07418134
12/20/12 18:04:08   buy   0.00034010   20000.00000000   6.80200000
12/20/12 17:56:25   buy   0.00036000   100.00000000   0.03600000
12/20/12 17:56:25   buy   0.00036000   677.00000000   0.24372000
12/20/12 17:56:25   buy   0.00036000   972.00000000   0.34992000
12/20/12 17:56:25   buy   0.00036000   1110.00000000   0.39960000
12/20/12 17:56:25   buy   0.00036000   18974.72654660   6.83090156
12/20/12 17:56:25   buy   0.00035998   1000.00000000   0.35998000
12/20/12 17:56:25   buy   0.00035993   5000.00000000   1.79965000
12/20/12 17:56:25   buy   0.00035950   2000.00000000   0.71900000
12/20/12 17:56:25   buy   0.00035948   2461.00000000   0.88468028
12/20/12 17:56:25   buy   0.00035900   50000.00000000   17.95000000
12/20/12 17:56:25   buy   0.00035750   13970.00000000   4.99427500
12/20/12 17:56:25   buy   0.00035492   35.00000000   0.01242220
12/20/12 17:56:25   buy   0.00035349   4000.00000000   1.41396000
12/20/12 17:55:33   sell   0.00035000   1047.32312275   0.36656310
12/20/12 17:55:17   sell   0.00035000   22000.00000000   7.70000000
12/20/12 17:54:20   buy   0.00035000   340.00000000   0.11900000
12/20/12 17:54:20   buy   0.00034999   6500.00000000   2.27493500
12/20/12 17:54:20   buy   0.00034598   1290.00000000   0.44631420
12/20/12 17:54:20   buy   0.00034597   1000.00000000   0.34597000
12/20/12 17:54:20   buy   0.00034596   281.00000000   0.09721476
12/20/12 17:54:20   buy   0.00033000   14970.00000000   4.94010000
12/20/12 17:54:20   buy   0.00032000   567.00000000   0.18144000
12/20/12 17:54:20   buy   0.00032000   299000.00000000   95.68000000

[SAC]

Someone preparing for a pump and dump..

[peepee]

Someone preparing for a pump and dump..

No.




Anyway, there's more bids than ever even after that buy.

[farlack]

Whats that $170?..

[SAC]

Someone preparing for a pump and dump..

No.

If you knew the answer why ask the question?

[peepee]

Whats that $170?..

Yeah, about...

times 13.5.

0.00034 * 490,000 = 166.6 BTC * $13.50 = $2,249

[peepee]

aaaaaand another 100k bought.

Time   Type   Price (BTC)   Amount (PPC)   Total (BTC)
12/20/12 21:14:54   buy   0.00036666   94900.00000000   34.79603400
12/20/12 21:14:54   buy   0.00036600   100.00000000   0.03660000

[farlack]

Whats that $170?..

Yeah, about...

times 13.5.

0.00034 * 490,000 = 166.6 BTC * $13.50 = $2,249

I see, tired calculated as cents not btc.

[crazy_rabbit]

History seems to tell us, its purchaser is almost always OP. 

That said- with so much bought it only needs to go up a tad to make a big profit.

[peepee]

History seems to tell us, its purchaser is almost always OP.  

That said- with so much bought it only needs to go up a tad to make a big profit.

Lol, and like I said last time you accused me of buying.. i WISH i had extra coins just lying around to buy.



Why would I buy now when I bought at 0.0001? 

[crazy_rabbit]

History seems to tell us, its purchaser is almost always OP. 

That said- with so much bought it only needs to go up a tad to make a big profit.

Lol, and like I said last time you accused me of buying.. i WISH i had extra coins just lying around to buy.



Why would I buy now when I bought at 0.0001? 

hahahah

[Jutarul]

whoever it was. I hope he's not frustrated reading this:
https://bitcointalk.org/index.php?topic=131901.0

[tacotime]

Dump all the ppc

It's possible someone else figured out the attack too and has bought that many coins to abuse the proof of stake implementation and generate another bajillion coins.

[sangaman]

Dump all the ppc

It's possible someone else figured out the attack too and has bought that many coins to abuse the proof of stake implementation and generate another bajillion coins.

How would that vulnerability allow people to generate a bajillion coins?

My understanding is it just makes it more feasible to perform double spend attacks without an enormous amount of coins.

[scrybe]

Dump all the ppc

It's possible someone else figured out the attack too and has bought that many coins to abuse the proof of stake implementation and generate another bajillion coins.

How would that vulnerability allow people to generate a bajillion coins?

My understanding is it just makes it more feasible to perform double spend attacks without an enormous amount of coins.

Correct, they can drive up the difficulty and revert (but not steal) others up to 5 blocks back.

TacoTime is like salsa, he always likes to spice things up.

Source:

Jutarul has made a disclosure today of a stake generation vulnerability here:
https://bitcointalk.org/index.php?topic=131901.0

We have been aware of this vulnerability for a while. A protocol upgrade has been designed and is currently being implemented. Jutarul did not attempt to communicate with us privately before his disclosure today. We appreciate Jutarul's independent research, however given the circumstances it would be more responsible to communicate with me privately to discuss the discovered vulnerability and the schedule of disclosure.

I'll give a summary of the impact here:
Impact level: severe
Description: The current stake generation hashing protocol is vulnerable to a search attack.
Attacker gains advantage of generating more blocks with limited coins.

Given the current checkpoint policy, the impact on the block chains is mostly limited to:

• Attacker may invalidate other nodes' proof-of-stake blocks and force short reorganizations up to 5 blocks (may be mitigated by strengthening the checkpoint policy)
• Pushing up proof-of-stake difficulty to very high level

Given the current checkpoint policy, it is not likely that the following can be achieved by an attacker:

• Preventing transactions from being confirmed.
• Minting more coins than normal through the attack.

We will accelerate the development schedule for this fix so stay tuned. I will give an update in my weekly update later this week on the progress of the release.

[tacotime]

Dump all the ppc

It's possible someone else figured out the attack too and has bought that many coins to abuse the proof of stake implementation and generate another bajillion coins.

How would that vulnerability allow people to generate a bajillion coins?

My understanding is it just makes it more feasible to perform double spend attacks without an enormous amount of coins.

My bad, I misread jeratuls post.