[ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC]

[kahir]

Fix has been rolled out to the dev branch as per my last post.
We are just making sure the fix is 100% correct before rollout!

We don't want to cause a bad fork by rushing into this!

+1 keep up

[1714908395]

1714908395

[1714908395]

1714908395

[kahir]

From Aur-coin pages

balduro:
April 4th: Automatic checkpointing introduced.

Update ASAP to v. 1.3.0.0
https://github.com/baldurodinsson/auroracoin-project/
http://auroracoin.org/resources/auroracoin-qt.zip



mmouse:
Does this update fix the KGW timewarp attack?


balduro:
This does not explicitly deal with TW. That will require a hard fork that will be introduced at a later date.

This ensures that such an attack (and 51% attacks) will be rendered useless. But the network needs to update to 1.3.0.0 for the protection to work. Also gives us time to carefully think through any changes we make.

[24Kilo]

@kahir

Stop panicking and spreading false information... KDC can be deposited and withdrawn and transactions are confirming and KDC is still trading on MintPAL and the other exchanges... in fact, KDC has traded up to 2800 in the past few days... so nothing is 'fucked up' with KDC except you!

I repeat there is no reason to rush this fix and hardfork until it has been confirmed the fix actually works and is correct.

No one is sleeping at the wheel on the code side of KDC, instead the coders are making sure that the fix is valid and the any other changes to the code including checkpoints are integrated before pushing the patch.

It is no wonder that community leaders and dev team are ready to walk away... the petulance shown by folks here sure is not going to encourage me or the Criptoe Team to get anymore involved.

[kahir]

@kahir

Stop panicking and spreading false information... KDC can be deposited and withdrawn and transactions are confirming and KDC is still trading on MintPAL and the other exchanges... in fact, KDC has traded up to 2800 in the past few days... so nothing is 'fucked up' with KDC except you!

I repeat there is no reason to rush this fix and hardfork until it has been confirmed the fix actually works and is correct.

No one is sleeping at the wheel on the code side of KDC, instead the coders are making sure that the fix is valid and the any other changes to the code including checkpoints are integrated before pushing the patch.

It is no wonder that community leaders and dev team are ready to walk away... the petulance shown by folks here sure is not going to encourage me or the Criptoe Team to get anymore involved.

u are in another world dude ....

deposit/withdraw are disabled by exchanges ...... .. u can always go read some and try deposit/withdraw before writing anything


u can't move kdc from any exchange to your wallet or from wallet to exchange ....


im making alot of fuss ... caz i been telling everyone about kdc on my twitter .... now they are mocking me for having a coin stays disable at minpal with joke coin as panda

how can i convince someone to invest and get intersted in a coin that he can't deposit or withdraw ......


and when people feel their investment is not safe ... they sell ....

[24Kilo]

u are in another world dude ....

deposit/withdraw are disabled by exchanges ...... .. u can always go read some and try deposit/withdraw before writing anything


u can't move kdc from any exchange to your wallet or from wallet to exchange ....


im making alot of fuss ... caz i been telling everyone about kdc on my twitter .... now they are mocking me for having a coin stays disable at minpal with joke coin as panda

how can i convince someone to invest and get intersted in a coin that he can't deposit or withdraw ......

I have been in another world... worked one of my 72hr weekends.

You are right about the exchanges... MintPAL has suspended KDC transactions... I missed the memo... did not take time to check Cryptsy or any of the other exchanges.

But there is nothing stopping you from moving KDC from wallet to wallet...

I stand corrected... my apologies... I will work with KDC_Dave to push this through... thanks for raising a fuss about it!

[yupirat]

@24Kilo Not just MinPal. I can't withdraw KDC from Cryptsy also...

Thank you for contacting cryptsy.com
We deeply apologize on the delay and for any issues that may have arisen due to this.
KDCcoin wallet is still under maintenance and will try our best to have it back soon.

[24Kilo]

@24Kilo Not just MinPal. I can't withdraw KDC from Cryptsy also...

Thank you for contacting cryptsy.com
We deeply apologize on the delay and for any issues that may have arisen due to this.
KDCcoin wallet is still under maintenance and will try our best to have it back soon.

Thanks...

There several other DGW KGW coins that I work with and not all have yet to implement the fix and are still active.

[mullick]

After a careful review of the situation we at cryptsy will be bringing KDC deposits/withdrawals back online shortly.

Thank you for your patience

[yupirat]

After a careful review of the situation we at cryptsy will be bringing KDC deposits/withdrawals back online shortly.

Thank you for your patience

Nice to hear that.

[24Kilo]

Is DGW susceptible to this exploit? I thought that it was made in response to this exploit being found.

EDIT - I misread the above quote. I was not talking about DGW - Dark Gravity Wave... but was discussing KGW - Kimoto Gravity Wave

There is substantial evidence that DGW KGW is susceptible to this exploit, but that does not mean that KDC is necessarily in danger. In fact, it would take significantly more effort to attack KDC with the DGW KGW exploit than to mount a good, old fashioned 51% attack.

The DGW exploit is only attractive when targeting a high difficulty, high hash-rate network where a 51% attack would be impossible or nearly so, because the DGW KGW exploit only requires about 20% of the network hash-rate to be effective. So yes, someone could attack KDC using 9Mh/s(20% of 48Mh/s), but extremely unlikely as it would be simpler and more effective to just mount a 51% attack.

The whole DGW KGW exploit is a false 'panic button' being pushed at the moment.

Does a DGW KGW fix need to be deployed... yes... but there is no real rush. It was critical for AUR and POT as those coins are becoming active trading pairs for many coins, especially in the wake of the Cryptorush debacle where POT was one of the primary coins used to liquidate frozen BTC and LTC wallets.

[24Kilo]

Is DGW susceptible to this exploit? I thought that it was made in response to this exploit being found.

There is substantial evidence that DGW KGW is susceptible to this exploit, but that does not mean that KDC is necessarily in danger. In fact, it would take significantly more effort to attack KDC with the DGW KGW exploit than to mount a good, old fashioned 51% attack.

The DGW KGW exploit is only attractive when targeting a high difficulty, high hash-rate network where a 51% attack would be impossible or nearly so, because the DGW KGW exploit only requires about 20% of the network hash-rate to be effective. So yes, someone could attack KDC using 9Mh/s(20% of 48Mh/s), but extremely unlikely as it would be simpler and more effective to just mount a 51% attack.

The whole DGW KGW exploit is a false 'panic button' being pushed at the moment.

Does a DGW KGW fix need to be deployed... yes... but there is no real rush. It was critical for AUR and POT as those coins are becoming active trading pairs for many coins, especially in the wake of the Cryptorush debacle where POT was one of the primary coins used to liquidate frozen BTC and LTC wallets.

My mistake... too many coins and not enough sleep!

I meant KGW

[24Kilo]

Quote from the DRK dev... whom I understand was the developer or at least the most prominent promoter of X11...

https://bitcointalk.org/index.php?topic=529570.msg5935102#msg5935102

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

That in a nutshell tells me that choosing X11 for its ASIC-resistance is not a sound choice, as it appears the developer's true intent in designing X11 was only to delay ASIC's while still being ASIC-centric.

KDC should be embracing ASIC's... it will be the only way to secure the blockchain now and in the long-term.

[LeBarton]

Quote from the DRK dev... whom I understand was the developer or at least the most prominent promoter of X11...

https://bitcointalk.org/index.php?topic=529570.msg5935102#msg5935102

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

That in a nutshell tells me that choosing X11 for its ASIC-resistance is not a sound choice, as it appears the developer's true intent in designing X11 was only to delay ASIC's while still being ASIC-centric.

KDC should be embracing ASIC's... it will be the only way to secure the blockchain now and in the long-term.

Thanks for the info !

[bangomatic]

Quote from the DRK dev... whom I understand was the developer or at least the most prominent promoter of X11...

https://bitcointalk.org/index.php?topic=529570.msg5935102#msg5935102

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

That in a nutshell tells me that choosing X11 for its ASIC-resistance is not a sound choice, as it appears the developer's true intent in designing X11 was only to delay ASIC's while still being ASIC-centric.

KDC should be embracing ASIC's... it will be the only way to secure the blockchain now and in the long-term.

Hi 24Kilo,
Not that I'm for or against X11, but does it really make your GPU run cooler, save electricity? I see conflicting reports about this.

[kahir]

Good news!

at mintpal chat now



[00:38] <Kahir> MintPal-Jason  when kdc is enabled again .....cryptsy got them enabled yesterday

[00:41] <@MintPal-Jay> Kahir, we're planning to put it back on shortly

[24Kilo]

KDC is active at MintPAL.

[LeBarton]

Looks like price is slowly starting to rebound.

Since we are going to require a hard fork to fix the issues with KGW, I think it might be a good idea to also think about pushing back the next block halving for 5-6 months to give us time to build to an equilibrium price and gain a solid mining foundation. If the net hash drops much lower we will be a prime candidate for a 51% attack which could ultimately destroy the coin.

I think we should change this:

              day          block to halve at             reward after halving
               0             84576                                16
               30           127776                               8
               60           170976                               4
              1520         2273376                             2
              2250         3324576                             1
              3345         4901376                            0.5
              3777         5522934                             0

to this:

              day          block to halve at             reward after halving
               0             84576                                16
               30           127776                               8
               240          302400                               4
              1520         2273376                             2
              2250         3324576                             1
              3345         4901376                            0.5
              3777         5522934                             0

This will leave the revised reward structure in place for everything except for the next halving. We have already had two halving's in the last 6 weeks or so and our net has has taken a considerable beating because of it. We need to give the markets a chance to stabilize before we go through another one.

By only changing the block to halve at, you are also changing the max number of coins, going from 19.948.700 up to 20.474.396. You should then change the structure of the reward system and I don't think that changing the rules of the game now is a good idea.
The reward is going to be acceptable now, it was the initial reward of 77 kdc that was completely insane. 1/3 of the coins were mined in less than 2 months. With the new reward system, the coin will be mined up to july 2024.
Don't get me wrong, I don't deny the importance of a secure net hashrate but right now this coin is living on its investors, not on the profit miners. Will those guys turn off their mining rigs after the next halving? No, most of them won't as they are in for the long haul. On top of that, look on coinwarz, the net hashrate of the other coins. They are low as hell too. There are so many alt coins that can be under a 51% attack that the odds that kdc will be attacked are low. I don't say that there is no risk but it's reasonable atm. Why would someone 51% attack kdc for no profit when there are tons of other coins with a net hashrate of 15-30 MHash? It's easier to attack those coins.

[kahir]

In my opinion i would leave the block reward as it is now because of the Gridseed ASIC's getting more and more attention.
Once they are cheaper and we may get even faster ASIC's we wont have these 51% attack problems anymore.

Gridseed .... they only mine LTC and doge ...... just saying


and all the big ones coming in not less than 2 months from now ...... and just saying they only mine at low watt ... like they don't give that huge amount of k/hash for less money

[LeBarton]

KDC_Dave,

I sent you a private message with maybe an opportunity to get some more developers on board. Forgot to put a subject on my message

Have a good day

[hashhot]

To KlondikeCoin
  hello,
  I created new pool http://kdc.hashhot.com..It is working now..Do you add it to OP?