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Author Topic: Spam Terracoin?  (Read 6632 times)
btc-e.com
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April 12, 2013, 10:48:10 PM
 #1

TerraCoin <terracoin76@gmail.com>

Will close the terracoin project

before announcing this on our mailing lists, we first wanted to let
suggest you stop exchanging terracoins IMMEDIATELY.

A few hours ago (2013-04-12 19:26:32, block 103799), the terracoin
blockchain was successfully forked by an attacker.

10 blocks were injected into the blockchain while the regular users
where mining one block.
(the attacker had at least 10 times the total network speed at this time).

We've been warning users multiple times regarding the fact that if they
really wanted to protect their coins, they should participate in mining,
but we were never heard.

In order to prevent you from receiving massive sell orders, we first
wanted to suggest you to immediately close your TRC service.

To prevent other merchants, users or services from loosing real money,
we have the regret to close the Terracoin project.
Binaries from our mirrors, sourcecode and repositories are going to be
removed, the seednodes required to join the network were stopped.

Attached text file contains the block hases involved in this fork ; at a
glance, it appears 7k+ TRC were manipulated.

Also we catched a few ip addresses first-relaying the concerned blocks,
we have no real proof of the attacker's identity.

In a few hours we'll announce the project closure via our mailing lists.

regards.


 spam Huh

Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com

BTC-E.com // Биржа по автоматической торговле Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com
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April 12, 2013, 10:51:30 PM
 #2

Strange, especially since the developers just put up a new version about a hour ago on both github and sourceforge....   Huh
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April 12, 2013, 10:52:55 PM
 #3

We've been warning users multiple times regarding the fact that if they
really wanted to protect their coins, they should participate in mining,
but we were never heard.

Bingo!

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April 12, 2013, 11:01:54 PM
 #4

We've been warning users multiple times regarding the fact that if they
really wanted to protect their coins, they should participate in mining,
but we were never heard.

Bingo!

If the developers are shutting down the project, (no real confirmation yet):

Personally I think that is...well..Kind of a cop out.

There were people mining, I had 3 GH pointed at it myself and I have read of at least two others with 7 and 10 GH claiming to be hashing TRC.

The problem is, ASICs are just to damn efficient and powerful for fledgling coins and all SHA-256 alt-coins are going to have to harden against them.

If the developers are  abandoning the project, I will invite  volunteers to help me continue its development and upkeep on my repository.

There is no reason this chain cannot be fixed. To give up now, especially after TRC has made it onto a major exchange like BTC-E would be foolish.
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April 12, 2013, 11:06:02 PM
 #5

Small SHA256 chains are not safe atm.

Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
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April 12, 2013, 11:07:44 PM
 #6

We've been warning users multiple times regarding the fact that if they
really wanted to protect their coins, they should participate in mining,
but we were never heard.

Where were these warnings issued?  I have never seen them.

I agree that altcoin proponents need to secure their chains.

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April 12, 2013, 11:11:41 PM
 #7

Small SHA256 chains are not safe atm.

I believe adding small scrypt tweak will be all that is needed to severely limit the effects of ASIC's on SHA-256 Alt-coins.

If it comes down it , I will drop my current projects and start working on it immediately.
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April 12, 2013, 11:12:13 PM
 #8

Somebody saw that the project files were deleted from sourceforge and wanted to create a panic and buy lots of coins. So no, I don't think it's real.
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April 12, 2013, 11:58:44 PM
 #9

SPAM


This is SPAM the TERRACOIN SOURCE FILES ARE ALL THERE
https://github.com/terracoin/terracoin/commits/master

and ANYWAY I CLONED THEM HERE
https://github.com/jubalix/terracoin-masterfork?source=cr

see

AND THAT IS NOT THE TERRACOIN DEV's EMAIL






TerraCoin <terracoin76@gmail.com>

Will close the terracoin project

before announcing this on our mailing lists, we first wanted to let
suggest you stop exchanging terracoins IMMEDIATELY.

A few hours ago (2013-04-12 19:26:32, block 103799), the terracoin
blockchain was successfully forked by an attacker.

10 blocks were injected into the blockchain while the regular users
where mining one block.
(the attacker had at least 10 times the total network speed at this time).

We've been warning users multiple times regarding the fact that if they
really wanted to protect their coins, they should participate in mining,
but we were never heard.

In order to prevent you from receiving massive sell orders, we first
wanted to suggest you to immediately close your TRC service.


To prevent other merchants, users or services from loosing real money,
we have the regret to close the Terracoin project.
Binaries from our mirrors, sourcecode and repositories are going to be
removed, the seednodes required to join the network were stopped.

Attached text file contains the block hases involved in this fork ; at a
glance, it appears 7k+ TRC were manipulated.

Also we catched a few ip addresses first-relaying the concerned blocks,
we have no real proof of the attacker's identity.

In a few hours we'll announce the project closure via our mailing lists.

regards.


 spam Huh

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Sunny King
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April 13, 2013, 12:00:33 AM
 #10

I can confirm that the email was terracoin dev's, I have communicated with him before on that email.
jubalix
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April 13, 2013, 12:05:44 AM
 #11

I can confirm that the email was terracoin dev's, I have communicated with him before on that email.

Have you seen crazzy rabbit going on about terra wallet and how coins are "lost" some alternate block chain.....

but you can see  the coins in the blockchain from TRC explorer, and not just a few


then he puts terrawallet up for sale....

he keeps going on about them being locked up etc etc but they are just fine on the real blockchain (by real I mean the one everyone kept going on with)

Terra coin dev has been working away on fixes, and it was smoothing out he %'s

his account could have been hacked






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Walter Rothbard
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April 13, 2013, 12:10:55 AM
 #12

I can confirm that the email was terracoin dev's, I have communicated with him before on that email.

Wow.

Well, so long and thanks for all the fish.

I would presume that some fork of Terracoin is going to keep going.  Which fork it will be may be a problematic question to answer.

I'm still curious when and where the Terracoin dev(s) has warned Terracoin users that they need to be mining.  I agree!  But I haven't seen these warnings, either here on Bitcointalk, or on Terracointalk, or on Terracoin.org.  To be fair, I haven't read the mailing lists.

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April 13, 2013, 12:15:38 AM
 #13

Someone should contact Vircurex about this.

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April 13, 2013, 12:18:15 AM
 #14

True or not, I'm out and not willing to lost any more penny in this crapcoin.
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April 13, 2013, 12:22:10 AM
 #15

True or not, I'm out and not willing to lost any more penny in this crapcoin.

Put the money into PPCoin imo. Similarly priced but in a far superior position in terms of market capitalisation, smart development and original ideas.

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April 13, 2013, 12:41:34 AM
 #16

I can confirm that the email was terracoin dev's, I have communicated with him before on that email.

Have you seen crazzy rabbit going on about terra wallet and how coins are "lost" some alternate block chain.....

but you can see  the coins in the blockchain from TRC explorer, and not just a few


then he puts terrawallet up for sale....

he keeps going on about them being locked up etc etc but they are just fine on the real blockchain (by real I mean the one everyone kept going on with)

Terra coin dev has been working away on fixes, and it was smoothing out he %'s

his account could have been hacked

Terrawallet doesn't open bro. Site is down.






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April 13, 2013, 12:49:24 AM
 #17

Do people not realize this about more then TRC???

Are you truly that short sighted?

Do you think your alt-chains are safe? (Referring to SHA-256)

This is one person with one ASIC. What do you think is going to happen when that number multiplies?

Sunny and the PPC project have my up most respect, and PPC is a coin I most definitely support.

As ingenious and protective the PPC coin difficulty algo is, how about when 5,10,20 ASIC's fire up against it.

Is the message the alt-coin community wants to send: "Go ahead and destroy our chains, we will just lie down and take it."

I have no problem seeing a coin fail due to community market factors, that is the way of a free market.

When one person decides to play "God"  because he/she happens to have advanced technology not available to the 99.999999999% ,and takes that choice away from the community, I will fight it with everything I can offer.You may be satisfied to roll over and take it because you think it will not happen to the coin(s) you support, and make no mistake, I believe PPC will survive the longest. However, it is still in danger from multiple ASIC manipulation. Without some kind ASIC hardening , I doubt any of the SHA-256 alt-coins will survive once ASIC's start shipping normally and orders are being filled.


I certainly hope the e-mail sent out was a mistake, and perhaps the developers changed their mind later.

Whatever the case my be, I for one want to send a different message to those who wish the alt-coin community harm.

We will not take it, and we will fight you every step of the way.


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April 13, 2013, 12:56:02 AM
 #18

I can confirm that the email was terracoin dev's, I have communicated with him before on that email.

Have you seen crazzy rabbit going on about terra wallet and how coins are "lost" some alternate block chain.....

but you can see  the coins in the blockchain from TRC explorer, and not just a few


then he puts terrawallet up for sale....

he keeps going on about them being locked up etc etc but they are just fine on the real blockchain (by real I mean the one everyone kept going on with)

Terra coin dev has been working away on fixes, and it was smoothing out he %'s

his account could have been hacked

Terrawallet doesn't open bro. Site is down.






[/quote]

Yes this is true

but the whole description of forked blockchain by Crazy Rabit was wrong and he had access to the private keys to refund the amounts....

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April 13, 2013, 12:59:23 AM
 #19

Why is BTC-E still allowing TRC to be traded?

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April 13, 2013, 01:03:22 AM
 #20

I agree with dreamwatcher that it's rather premature and weak to quit at this moment.

By all means terracoin hasn't even tried ppc's adjustment yet. ppcoin itself should be pretty safe from this because of proof-of-stake protection. As for a pure proof-of-work implementation, I think even with some ASIC miner exploiting it, at worst it could probably extend the block spacing from 2 minute to maybe 20 minutes sometimes. Given a reasonably long averaging window it shouldn't be all that intolerable.
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