[ANN] [QRK] Quark | Core 0.10 upgrade

[Mad Scientist]

Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol  

Bitcoin dropped 50% so that OBVIOUSLY means it's a Scam Coin.

Quark only dropped a 1/3.

You dumpin' yer BitCoins (ScamCoin)?

Trolololololol!

[1714000179]

1714000179

[1714000179]

1714000179

[1714000179]

1714000179

[gnode]

Except he pays out to each pool member. You can see that in the transaction history.

I think you didn't understand what i meant he holds them ALL:

He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)

He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".

What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.

You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one

No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.

He can block them from ever be spend for example:)

No he can't! You are really out in left field on how transactions and the block chain work.

[Neisklar]

He can block them from ever be spend for example:)

Go for a win-win: team-up with him and double (triple, quadruple, n-uple...) spend at will

It still requires clever engineering to actually profit from double spend attacks, even with 90% hashrate under control, you can't force every node on the network (thinking of the exchanges) to think and accept whatever you would like them to.

Yes, but the more value something has the more likely such a think will be.
That was generally spoken, feeleep wouldn't do that!
And me neither, since (and i know everyone on the internet says that;-) i'm a honest person.

But as told earlier it's more important for the future and the integrity of the coin itself, although i'm not sure if there will be a future, since i don't like some of the ways it is now hyped "to da moon", and if that won't do some non fixable damage.

[x0rcist]

Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol 

Bitcoin dropped 50% so that OBVIOUSLY means it's a Scam Coin.

Quark only dropped a 1/3.

You dumpin' yer BitCoins (ScamCoin)?

Trolololololol!

Are you comparing Bitcoin with Quark now? Really?

[stompix]

Except he pays out to each pool member. You can see that in the transaction history.

I think you didn't understand what i meant he holds them ALL:

He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)

He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".

What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.

You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one

No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.

The 51% attack isn't related to the numbers of coins you hold. It is related to the hash rate one has at a certain moment and it would allow him to reject transactions , make double spends and they could reverse transactions that they proceeded at the time they were in control of the network.

But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.

[Neisklar]

Except he pays out to each pool member. You can see that in the transaction history.

I think you didn't understand what i meant he holds them ALL:

He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)

He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".

What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.

You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one

No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.

He can block them from ever be spend for example:)

No he can't! You are really out in left field on how transactions and the block chain work.

https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power

An attacker that controls more than 50% of the network's computing power can, for the time that he is in control, exclude and modify the ordering of transactions. This allows him to:

    Reverse transactions that he sends while he's in control. This has the potential to double-spend transactions that previously had already been seen in the block chain.
    Prevent some or all transactions from gaining any confirmations
    Prevent some or all other miners from mining any valid blocks

And yes, some of my points which i marked as where i am unsure above are not possible:

The attacker can't:

    Reverse other people's transactions
    Prevent transactions from being sent at all (they'll show as 0/unconfirmed)
    Change the number of coins generated per block
    Create coins out of thin air
    Send coins that never belonged to him

So, he can prevent your coins from being spent.

[stompix]

Except he pays out to each pool member. You can see that in the transaction history.

I think you didn't understand what i meant he holds them ALL:

He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)

He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".

What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.

You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one

No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.

He can block them from ever be spend for example:)

No he can't! You are really out in left field on how transactions and the block chain work.

Sorry , but you have no clue what you talk about.
Somebody who has 51% of the hash rate can make any coins out there useless because he can deny all the transactions from that address.
Google a bit , it would help

[Neisklar]

The 51% attack ---snip---

But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.

Exactly my point!

[x0rcist]

Except he pays out to each pool member. You can see that in the transaction history.

I think you didn't understand what i meant he holds them ALL:

He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)

He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".

What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.

You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one

No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.

The 51% attack isn't related to the numbers of coins you hold. It is related to the hash rate one has at a certain moment and it would allow him to reject transactions , make double spends and they could reverse transactions that they proceeded at the time they were in control of the network.

But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.

Is FTC still alive then? I thought they died 2 weeks ago....

[matt4054]

No he can't! You are really out in left field on how transactions and the block chain work.

Sorry , but you have no clue what you talk about.
Somebody who has 51% of the hash rate can make any coins out there useless because he can deny all the transactions from that address.
Google a bit , it would help

I can confirm this, to make it simple: your transactions are still relayed on the network, true, but if 90% of the miners (through their pool) are excluding your transactions from their mined blocks, AND they reject, as part of the conspiracy, every block mined from foreign nodes (that would confirm your tx's), then...

tl;dr: yes your coins can be embargoed completely quite "easily" by someone with 90%.

[Mad Scientist]

Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol 

Bitcoin dropped 50% so that OBVIOUSLY means it's a Scam Coin.

Quark only dropped a 1/3.

You dumpin' yer BitCoins (ScamCoin)?

Trolololololol!

Are you comparing Bitcoin with Quark now? Really?

Perhaps you can print this post out and have someone read it back to you.

Quark dropped 2/3 and it was immediately deemed to be a scam by posters like you. BitCoin dropped 50%. YOU should be calling BitCoin a scam as well!

[Mad Scientist]

BTCE shows BitCoin (ScamCoin) going down from .870 to .840 in less than 24 hours! Who is STUPID enough to buy into such an obvious scam! 

[gnode]

No he can't! You are really out in left field on how transactions and the block chain work.

Sorry , but you have no clue what you talk about.
Somebody who has 51% of the hash rate can make any coins out there useless because he can deny all the transactions from that address.
Google a bit , it would help

I can confirm this, to make it simple: your transactions are still relayed on the network, true, but if 90% of the miners (through their pool) are excluding your transactions from their mined blocks, AND they reject, as part of the conspiracy, every block mined from foreign nodes (that would confirm your tx's), then...

tl;dr: yes your coins can be embargoed completely quite "easily" by someone with 90%.

I still think that once the payout is made the hashrate is effectively distributed to the various miners and that the pool owner no longer has 51% so no attack is possible.

Now if the pool owner suspends distribution that may be a different story.

That doesn't mean that a fork isn't possible, it just can't be maliciously used.

[matt4054]

I still think that once the payout is made the hashrate is effectively distributed to the various miners and that the pool owner no longer has 51% so no attack is possible.

Now if the pool owner suspends distribution that may be a different story.

That doesn't mean that a fork isn't possible, it just can't be maliciously used.

And I still believe you don't get the problem. It's not about the pool owner being able to "control", i.e. own your coins, i.e. detain the private key of the new address they're at. It's about being able to use them -- or any other of your coins for that matter, as long as he knows their addresses -- as inputs for new transactions that MUST be accepted by at least ONE miner to get into the block chain.

If 90% of miners are rejecting your transactions maliciously (i.e. disobeying protocol by excluding them, but still producing technically acceptable blocks by all nodes following that protocol), and ALL blocks produced by the other 10% are rejected by the 90% (again, maliciously, disobeying protocol, but technically he can), then your coins are effectively embargoed: you still own them, but you can't use them.

So your coins are effectively worthless at least until the situation changes, because until then, none of your transactions will ever get a single confirmation on the whole network (or they'll be orphaned eventually)

[nate008]

BTCE shows BitCoin (ScamCoin) going down from .870 to .840 in less than 24 hours! Who is STUPID enough to buy into such an obvious scam! 

Calling bitcoin a scamcoin isn't the best way to advertise your own coin , even if you do it in an ironic way.
If not it will just bring more people to look suspicious at quarkcoin and its supporters.
So , for the good of us all , stop with the nonsense.

[Qbeczeq]

How fast I'll dig 1 quark on pool with Phenom II X4 945/NV GTS 8800?

Sorry for ask, I can't reach PC now, so I'm wondering

Regards.

[matt4054]

Calling bitcoin a scamcoin isn't the best way to advertise your own coin , even if you do it in an ironic way.
If not it will just bring more people to look suspicious at quarkcoin and its supporters.
So , for the good of us all , stop with the nonsense.

Please don't feed the troll, just pull the I trigger

[huyha123]

Reason for the crash yesterday:

One of my friend account, who has 50,000 QRK, was hacked yesterday. all QRK sold.

his computer got antivirus and his email with google so no virus at his end.

50,000 not enough to crash the market but I think there a chance Cryptsy got hacked.

[nate008]

Reason for the crash yesterday:

One of my friend account, who has 50,000 QRK, was hacked yesterday. all QRK sold.

his computer got antivirus and his email with google so no virus at his end.

50,000 not enough to crash the market but I think there a chance Cryptsy got hacked.

One , of your friends who HAD 50 000 QRK.
Also , if Cryptsy was hacked , I doubt the hacker would have just sold 50 000 qrk and left.
Most probable your friend had a weak password.

Also , if 50000 QRK can crash the market , this is no good.

[Robert Lewandowski]

Reason for the crash yesterday:

One of my friend account, who has 50,000 QRK, was hacked yesterday. all QRK sold.

his computer got antivirus and his email with google so no virus at his end.

50,000 not enough to crash the market but I think there a chance Cryptsy got hacked.

Did he have Google 2FA Enabled??