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NWO (OP)
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June 21, 2013, 11:32:32 AM |
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Just an official statement that PowerCoin PWC did suffer a 51% by an individual from a Chinese IP. I just wanted to clarify the rumours and to thank the community for their continued support over the months. What a journey it has been!  From this point forward PowerCoin will cease to exist. I will be in talks with Paul (BigVern) about a resolution for funds in cryptsy. Let it be known that this was not only an attack on PowerCoin, but an attack on the crypto community. Who are we to dictate which coin lives or dies, the markets and the people will determine a future online currency. Just how Bitcoin is an experiment for something even greater to stand upon it. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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shaunb
Newbie
 Offline
Activity: 42
Merit: 0
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June 21, 2013, 11:58:51 AM |
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Excellent news! Looking forward to seeing the next copy-coin getting killed, and the one after that...
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Monetizer
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June 21, 2013, 12:08:50 PM |
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Not sure to be happy or not right now. Sucks to be one of the people that lost money...
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shaunb
Newbie
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Activity: 42
Merit: 0
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June 21, 2013, 12:20:58 PM |
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Not sure to be happy or not right now. Sucks to be one of the people that lost money...
I'm sure it sucks to lose money. However, people dumb enough to invest their time, money, and resources into these insecure copy/paste coins have it coming to them. I've made money on some of the copy-coins, particularly Feathercoin when I dumped my instamine on BTC-e the minute it was listed. I don't hold copy/paste coins for more than 24 hours after mining them but only mine LTC these days anyhow. |
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kelsey
Legendary
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Activity: 1876
Merit: 1000
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June 21, 2013, 12:24:00 PM |
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there was a powercoin?
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gnode
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June 21, 2013, 02:15:05 PM |
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Not sure to be happy or not right now. Sucks to be one of the people that lost money...
I'm sure it sucks to lose money. However, people dumb enough to invest their time, money, and resources into these insecure copy/paste coins have it coming to them. I've made money on some of the copy-coins, particularly Feathercoin when I dumped my instamine on BTC-e the minute it was listed. I don't hold copy/paste coins for more than 24 hours after mining them but only mine LTC these days anyhow. Yep. i heard the same comments made about dot com stocks. People dumb enough to invest their time, money, and resources into these fly by night dot com stocks have it coming to them. You are such a genius!! I bet you shorted Amazon! No risk, no gain!!!! Oh sorry, maybe you weren't around for the dot com stock thing! |
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jackjack
Legendary
Offline
Activity: 1176
Merit: 1233
May Bitcoin be touched by his Noodly Appendage
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June 21, 2013, 02:23:19 PM |
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What were the improvements of Powercoin again?
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Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2 Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc. |
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naphto
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June 21, 2013, 02:35:25 PM |
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there was a powercoin?
Yes  |
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mm8000
Newbie
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Activity: 42
Merit: 0
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June 21, 2013, 02:46:07 PM |
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What were the improvements of Powercoin again?
It had power in its name. |
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elambert
Legendary
Offline
Activity: 1696
Merit: 1008
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June 21, 2013, 04:19:38 PM |
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Why, what was the benefit to the killer? Other than to eliminate the coin?
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bitdwarf
Sr. Member
Offline
Activity: 406
Merit: 250
The cryptocoin watcher
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June 21, 2013, 04:23:13 PM |
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Why, what was the benefit to the killer? Other than to eliminate the coin?
http://www.youtube.com/watch?v=3OyrX11cMkE |
𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
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octal42
Newbie
Offline
Activity: 25
Merit: 0
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June 21, 2013, 04:23:59 PM |
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Powercoin isn't an altcoin I played with personally, but why is a single attack cause to shutdown? Is that even possible? Wouldn't the coin keep going as long as people mine and run nodes?
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r3wt
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June 22, 2013, 12:48:26 AM |
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i lost out on this deal.
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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June 22, 2013, 01:37:51 AM |
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Never had even 1 PWC and don't like NWO but 51% attackers are utter cunts.
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NWO (OP)
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June 22, 2013, 05:15:53 AM |
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Powercoin isn't an altcoin I played with personally, but why is a single attack cause to shutdown? Is that even possible? Wouldn't the coin keep going as long as people mine and run nodes?
That's correct but there will no longer be developer support. |
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mm8000
Newbie
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Activity: 42
Merit: 0
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June 22, 2013, 05:35:33 AM |
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Who wants to buy my PWC?  |
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innovation
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June 22, 2013, 06:46:38 AM |
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It is a bad news.
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elambert
Legendary
Offline
Activity: 1696
Merit: 1008
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June 22, 2013, 09:43:18 AM |
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In my opinion, this is a good thing. It is the law of natural selection in the digital crypto world. The strong traits "coins" survive, the weak ones die off. This is critical in evolution! Look for much more of this to happen.
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crazy-pilot
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June 22, 2013, 09:48:20 AM |
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In my opinion, this is a good thing. It is the law of natural selection in the digital crypto world. The strong traits "coins" survive, the weak ones die off. This is critical in evolution! Look for much more of this to happen.
What if the coin you invested got attack still a good thing? |
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