spacegoat
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We are connected. you are me I am you.
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April 07, 2013, 10:38:56 PM |
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hi bte family
I was wondering are there any ideas to help against asic 51% attacks? I don't quite have the know-how to code yet, but I feel if someone could figure out how to take the 51% attack vulnerability the coin would have a guaranteed bright future.
I have been dabbling in terracoin, and the 51% attacks have been making my stomach drop to my toes, and I think alot of stomachs dropped to alot of toes actually.
just throwing it out there for development stimulus. the first innovator to figure out 51% protection will be a bte hero
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yeah baby yeah
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Number6 (OP)
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April 07, 2013, 10:40:58 PM |
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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Number6 (OP)
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April 07, 2013, 11:59:02 PM |
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hi bte family
I was wondering are there any ideas to help against asic 51% attacks? I don't quite have the know-how to code yet, but I feel if someone could figure out how to take the 51% attack vulnerability the coin would have a guaranteed bright future.
I have been dabbling in terracoin, and the 51% attacks have been making my stomach drop to my toes, and I think alot of stomachs dropped to alot of toes actually.
just throwing it out there for development stimulus. the first innovator to figure out 51% protection will be a bte hero
It is so new that nothing is guaranteed. I am by no means an expert in any of this, but from what I have read I would think the best defense, which I believe we have going at least so far, is plenty of miners and plenty of pools. The more pools, and miners that are hopefully distributed evenly among these pools, we have the harder it would be for a individual or small group to come in and dominate the field, thus attempting a 51% attack. I also think it is in the best interest of the pools to look out for this as well. My bitcoin miners participate in the BTC Guild pool, and I have seen they have a plan in place to try and discourage gaining too large of a membership. Basically, they plan to raise the pool fees if the pool hash rates start to go over 40% of the network hash rate. They recognize that people will be scared off and lose confidence in bitcoin should one pool even approach 51% of processing power. It is in the best interests of everyone to try and avoid this scenario. This same approach will also need to apply to bytecoin, since it is basically a 1:1 derivative of the bitcoin code. If enough people stick with it and pools and miners continue to be brought on board, in approximately proportional ratios, I think it may have a good chance of surviving. But only time will tell...
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Number6 (OP)
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April 08, 2013, 02:03:29 AM |
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Added BTE Hashers Pool.
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jubalix
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April 08, 2013, 05:34:34 AM |
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You forgot to mention to Premine by large block regarding in the beginning
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Number6 (OP)
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April 08, 2013, 12:49:11 PM |
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Come-from-Beyond
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Newbie
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April 08, 2013, 05:24:08 PM |
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Number6 (OP)
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April 08, 2013, 09:51:05 PM |
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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Byte-Gox
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April 08, 2013, 10:03:35 PM |
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Nice Bytechips!! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Number6 (OP)
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April 09, 2013, 02:17:50 AM |
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Nice Bytechips!! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, if nothing else Bytecoin has a nice looking logo. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Number6 (OP)
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April 09, 2013, 12:01:00 PM |
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Made a few minor edits.
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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mig91
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April 09, 2013, 07:30:01 PM |
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are there any pps pools yet ? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Number6 (OP)
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April 09, 2013, 09:05:29 PM |
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Update to reflect problems with The Bytecoin Pool http://pool.bytecoin.in/ *Note: As of April 9, 2013 neither the balance or unconfirmed balances appear to be updating at this pool. are there any pps pools yet ? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do not know, this thread is mainly compiled from what I can find on the forum regarding Bytecoin and from member input. If you find one let me know and I can add it.
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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Number6 (OP)
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April 10, 2013, 08:55:13 PM |
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Added ByteGox 2.0 http://www.bteex.com/ to exchange list.
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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Anon136
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April 10, 2013, 08:59:41 PM |
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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Number6 (OP)
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April 10, 2013, 09:29:16 PM |
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Lot of updates today! Added the new RBCex Exchange - http://goo.gl/ON5Jb
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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Number6 (OP)
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April 11, 2013, 12:11:22 AM |
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Update to reflect problems with The Bytecoin Pool http://pool.bytecoin.in/ *Note: As of April 9, 2013 neither the balance or unconfirmed balances appear to be updating at this pool. Update April 10, 2013 - Seems the admin has resolved the issues and balances are updating once again.
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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Number6 (OP)
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April 11, 2013, 10:46:19 AM |
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Update: Added the LTC / BTE Exchange ~ LiteByteOX tot he exchange list.
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BTC: 18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn LTC: LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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