DeathAndTaxes
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Gerald Davis
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September 05, 2013, 06:44:48 PM |
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Funny that people have no idea what a 51% attack is.
IF a 51% attack occurs you will see no increase in hashing power. If a 51% attack occurs the attacker will generate 100% of block. If a 51% attack occurs there will be a long (at least 6 block) reorganization. If a 51% attack occurs the new chain will replace transactions of an existing chain.
51% = boogeyman for clueless Bitcoiners. Bad crop harvest = must be the 51% attack. Bitter winter lasting longer than normal = must be the 51% attack. Downpour on the eve of a battle = must be the 51% attack. The king has no sons and five daughters = must be the 51% attack.
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ronimacarroni
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September 05, 2013, 06:51:05 PM |
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welp, glad I'm not a miner Anyways this 51% attack business sounds kind of scary even if its not for reals
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jackjack
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May Bitcoin be touched by his Noodly Appendage
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September 05, 2013, 06:53:48 PM |
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Funny that people have no idea what a 51% attack is.
IF a 51% attack occurs you will see no increase in hashing power. If a 51% attack occurs the attacker will generate 100% of block. If a 51% attack occurs there will be a long (at least 6 block) reorganization. If a 51% attack occurs the new chain will replace transactions of an existing chain.
51% = boogeyman for clueless Bitcoiners. Bad crop harvest = must be the 51% attack. Bitter winter lasting longer than normal = must be the 51% attack. Downpour on the eve of a battle = must be the 51% attack. The king has no sons and five daughters = must be the 51% attack.
Thank you... My thoughts exactly. It was funny months ago. Now it's irritating.
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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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satriani
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September 05, 2013, 07:07:31 PM |
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51% isnt real. someone should have factory of ASIC
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monbux
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September 05, 2013, 08:16:35 PM |
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Could this be the end of bitcoin? Lol too dramatic, but when the CIA takes over... doubt they could do a 51% attack though, could they?
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g83
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September 05, 2013, 08:28:16 PM |
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Must be josh who plugged in all the undelivered orders ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ronimacarroni
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September 05, 2013, 08:38:21 PM |
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Could this be the end of bitcoin? Lol too dramatic, but when the CIA takes over... doubt they could do a 51% attack though, could they? The government could do anything Heck they created the encryption standard that bitcoin uses They're not persecuting bitcoins or anything though Otherwise coinbase wouldn't be open for business
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monbux
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September 05, 2013, 08:42:54 PM |
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Must be josh who plugged in all the undelivered orders ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) hahahahahahhahaha, good one
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FanBitCoins
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September 05, 2013, 09:10:23 PM |
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Must be josh who plugged in all the undelivered orders ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Made me laugh! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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nino_11
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September 05, 2013, 10:27:53 PM |
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Maybe it's the NSA (for special needs)
Virginia is mush less populous state that the state of Maryland (72/Km2 -- 180/Km2) , is tree times larger than the Maryland. It's likely that's their agents responsible for operations are based in virginia.
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crazynoggin
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September 05, 2013, 10:30:03 PM |
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Not a 51% attack, just someone with a lot of mining power. Although it is a bit scary that someone can have that amount of power. Just goes to show, with enough money, not even Bitcoin is 100% safe.
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r3wt
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September 05, 2013, 10:38:53 PM |
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Not a 51% attack, just someone with a lot of mining power. Although it is a bit scary that someone can have that amount of power. Just goes to show, with enough money, not even Bitcoin is 100% safe.
actually, with the current size of the network, it requires far greater than 51% to attack. you realize, this means to successfully attack it would take like 500 th+
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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Galahad
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September 06, 2013, 09:51:06 AM |
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Is it true that going forwards the 51% attack won't exactly go away? You would think it would get harder but surely not if the number of miners stays static? It would just require someone to have a large percentage of currently powerful hardware. Is this understanding right?
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b!z
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September 06, 2013, 10:15:00 AM |
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Is it true that going forwards the 51% attack won't exactly go away? You would think it would get harder but surely not if the number of miners stays static? It would just require someone to have a large percentage of currently powerful hardware. Is this understanding right?
it's not an attack, read deathandtaxes post
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Galahad
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September 06, 2013, 01:11:50 PM |
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it's not an attack, read deathandtaxes post
He called it an attack!
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Singlebyte
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September 06, 2013, 02:52:44 PM |
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it's not an attack, read deathandtaxes post
He called it an attack! I am not sure what post you are reading?? The above posts does not say its an attack. In fact it is just a large pool.
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millsdmb
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September 11, 2013, 02:17:00 AM |
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we must stop 88.208.1.24 na0. IMMA CHARGIN MAH LAZER ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8qYRLp2.png&t=665&c=gPMEUx1zHXSBIw)
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Mooshire
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September 11, 2013, 03:50:43 AM |
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I'm pretty sure it's ghash.io
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spooderman
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September 16, 2013, 09:59:58 PM |
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whoever this is is rivaling btcguild
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Society doesn't scale.
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optimator
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September 17, 2013, 12:11:25 AM |
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whoever this is is rivaling btcguild
Based on hash rate or the recent blocks found? If it's hash rate where do you find that info?
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