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Byte-Gox (OP)
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April 12, 2013, 03:17:09 PM
 #1
Are we under attack??
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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Come-from-Beyond
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April 12, 2013, 03:27:43 PM
 #2
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.
chris200x9
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April 12, 2013, 03:47:34 PM
 #3
Quote from: Come-from-Beyond on April 12, 2013, 03:27:43 PM
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.

I've asked this before but no one responded if it's an exact copy of bitcoin how is it more promising?
twelph
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April 12, 2013, 04:15:47 PM
 #4
Quote from: chris200x9 on April 12, 2013, 03:47:34 PM
Quote from: Come-from-Beyond on April 12, 2013, 03:27:43 PM
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.

I've asked this before but no one responded if it's an exact copy of bitcoin how is it more promising?

I'm pretty sure he's referring to the difficulty in mining. The reason why it's more promising is because there are not dozens of ASICS making it impossible for everyone else to gain anything.
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April 12, 2013, 04:19:14 PM
 #5
Quote from: chris200x9 on April 12, 2013, 03:47:34 PM
Quote from: Come-from-Beyond on April 12, 2013, 03:27:43 PM
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.

I've asked this before but no one responded if it's an exact copy of bitcoin how is it more promising?

It is an exact copy of bitcoin.

The only thing I can think of that makes bytecoin "more promising" is the lack of 2 or 3 early adopters hoarding ~8% of the total coins that will ever exist.
Byte-Gox (OP)
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April 12, 2013, 04:25:48 PM
 #6
Quote from: gigabytecoin on April 12, 2013, 04:19:14 PM
Quote from: chris200x9 on April 12, 2013, 03:47:34 PM
Quote from: Come-from-Beyond on April 12, 2013, 03:27:43 PM
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.

I've asked this before but no one responded if it's an exact copy of bitcoin how is it more promising?

It is an exact copy of bitcoin.

The only thing I can think of that makes bytecoin "more promising" is the lack of 2 or 3 early adopters hoarding ~8% of the total coins that will ever exist.

That fact alone convinced me to join the team. Satoshi hoarding 3 Million bitcoins WTF?!?
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April 12, 2013, 04:49:51 PM
 #7
Quote from: chris200x9 on April 12, 2013, 03:47:34 PM
Quote from: Come-from-Beyond on April 12, 2013, 03:27:43 PM
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.

I've asked this before but no one responded if it's an exact copy of bitcoin how is it more promising?

Simple. With less hashpower u get more coins. History of altcoins proved that altcoins often jump to x10-x1000 of initial price.
chris200x9
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April 12, 2013, 04:56:22 PM
 #8
Quote from: Come-from-Beyond on April 12, 2013, 04:49:51 PM
Quote from: chris200x9 on April 12, 2013, 03:47:34 PM
Quote from: Come-from-Beyond on April 12, 2013, 03:27:43 PM
Quote from: Byte-Gox on April 12, 2013, 03:17:09 PM
Are we under attack??

No. Bitcoin crashed so some miners switched to more promising currency.

I've asked this before but no one responded if it's an exact copy of bitcoin how is it more promising?

Simple. With less hashpower u get more coins. History of altcoins proved that altcoins often jump to x10-x1000 of initial price.

Wat? So by more promising you mean "there are less hashes so I can get rich as an early adopter"
Come-from-Beyond
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April 12, 2013, 05:02:48 PM
 #9
Quote from: chris200x9 on April 12, 2013, 04:56:22 PM
Wat? So by more promising you mean "there are less hashes so I can get rich as an early adopter"

Exactly. I don't believe in Bytecoin nor Bitcoin. They are ponzi schemes.  Grin
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