creditcoin_CRD (OP)
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Activity: 112
Merit: 10
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March 27, 2014, 09:11:28 PM |
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Before any changes... lets offer a bounty to 51% attack PMC. I offer 500 PMC bounty. I am curious what will happen after the attack. Is there anything to gain or just the tx?
Are you guys serious about experimenting with 51% attack? I would love to get involved. Please let me know how I can get involved. Thanks. I would also like to participate in If you are involved in please tell me Thank you, I wish you good luck Yeah i am serious about it... Nobody has been attacked that I know of. They are all scared about the attack but nobody really knows the consequence of it. Since there is a lot of interest, maybe the dev can initiate or look for someone to do the attack? I'd like to get credits input in on this? I love the idea of being a testing ground for different experiments like this. For us to do it we need to notify exchanges, and all members first, and to choose a block to fork back to to prevent any loss of coins from anyone. As long as the dev is on board, and all parties are given ample notice, this will bring a ton of exposure to PMC! I'm not terribly excited about it TBH, but to answer your question yes the exchanges would need to be notified since they could face potential losses in the case of double spend. For example if the "attacker" double-spent coins to an exchange, dumped for BTC, and withdraw. This is the sort of thing coins have testnets for. In any case 51% is always a possibility with any coin, but I cannot in good conscience allow it to happen for fun or science since there have been numerous people that have invested much time and effort into the coin. Even though in theory it could be reversed, I will be forced to attempt to prevent it. |
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"You Asked For Change, We Gave You Coins" -- casascius
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kbroadfoot
Legendary
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Activity: 1302
Merit: 1000
Bass Player
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March 27, 2014, 09:32:02 PM |
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I am with creditcoin_CRD. I would prefer not to attempt it myself... Instead keep the faith and spread some PMC... My guy from http://cryptofury.com and @CryptoMarketing on twitter seems to be doing a bang up job so far... Lets keep trying to get PMC accepted by another game site..... Also, don't let the price concern you too much.... it should go back up... We were getting 29 BTC in trade volume a day when two things happened: 1) Poloniex got hacked for 90 BTC and 2) AUR 'AURdropped' on our butts... The AUR people have seen that coin go from 0.121 all the way down to .0009 We shall be like the 'Little Engine That Could' and climb right back up into it... |
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orangered
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Activity: 60
Merit: 10
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March 27, 2014, 09:33:07 PM |
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It will be a good coin,I could choose it.
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EcuaMobi
Legendary
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Activity: 1862
Merit: 1469
https://Ecua.Mobi
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March 28, 2014, 12:26:37 AM |
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Nice milestone in about 1h: 88888 blocks
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kbroadfoot
Legendary
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Activity: 1302
Merit: 1000
Bass Player
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March 28, 2014, 01:01:18 AM |
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Nice milestone in about 1h: 88888 blocks
I saw that too  88888 |
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coinnewbit
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March 28, 2014, 02:40:04 AM |
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Lets hope this exchange brings more attention to PMC instead of further diluting it |
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CryptoFunds
Newbie
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Activity: 48
Merit: 0
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March 28, 2014, 03:31:56 AM |
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we are new but the system was stress tested and we are sure nothing bad will happen to our users. just try us with some initial trades.
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bungholio
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March 28, 2014, 04:16:22 AM |
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we are new but the system was stress tested and we are sure nothing bad will happen to our users. just try us with some initial trades.
I'll put some funds and orders in. I'm hesitant though, with all the exchanges dropping like flies from hacks and attacks. Regardless I'm confident in PMC. Edit: PG 361 !! |
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blueangel01
Sr. Member
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Activity: 406
Merit: 250
Hello! Send me a message.
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March 28, 2014, 04:19:59 AM |
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Aww... the how about make a PMC2 for the 51% attack experiment ... then we will use proof of burn of PMC to get PMC2 |
Msg me if you want me to put anything here.
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kingscrown
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March 28, 2014, 04:24:09 AM |
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we are new but the system was stress tested and we are sure nothing bad will happen to our users. just try us with some initial trades.
I'll put some funds and orders in. I'm hesitant though, with all the exchanges dropping like flies from hacks and attacks. Regardless I'm confident in PMC. Edit: PG 361 !! ive also send PMC there, we hae to give some trust to exchanges.. and if they disappear.. well thats life  surely this one is too new to disappear! |
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bungholio
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March 28, 2014, 04:27:22 AM |
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we are new but the system was stress tested and we are sure nothing bad will happen to our users. just try us with some initial trades.
I'll put some funds and orders in. I'm hesitant though, with all the exchanges dropping like flies from hacks and attacks. Regardless I'm confident in PMC. Edit: PG 361 !! ive also send PMC there, we hae to give some trust to exchanges.. and if they disappear.. well thats life surely this one is too new to disappear! Agreed, if my deposits waft off like farts in church, well then we know the exchange is shite. Timid kids jerk off after prom, confident kids get blowjobs at sunrise... |
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ctenc001
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March 28, 2014, 11:13:14 AM |
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Aww... the how about make a PMC2 for the 51% attack experiment ... then we will use proof of burn of PMC to get PMC2 I do think we need to do something. Right now we are just a poorly distributed BTC cloan with low mining rewards. We need to do something to stick out. We are supposed to be the BTC of the future, so lets find some way of testing out what BTC could eventually face in the future. We tested out what happens when the coin is completely mined, and we found a bug. We want to test out if a coin is sustainable running off only tx fees, but we need people to buy, and trade PMC for this to work. The only way we can get people to buy/ trade pmc is by building up some interest by doing something unique. Whether its PMC2, a 51% attack on a LIVE coin and not a testnet, or implementing different theoretical coin changes before anyone else does, something needs to happen. Lets get a plan going, and a schedule! |
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creditcoin_CRD (OP)
Member
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Activity: 112
Merit: 10
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March 28, 2014, 12:32:02 PM |
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Aww... the how about make a PMC2 for the 51% attack experiment ... then we will use proof of burn of PMC to get PMC2 I do think we need to do something. Right now we are just a poorly distributed BTC cloan with low mining rewards. We need to do something to stick out. We are supposed to be the BTC of the future, so lets find some way of testing out what BTC could eventually face in the future. We tested out what happens when the coin is completely mined, and we found a bug. We want to test out if a coin is sustainable running off only tx fees, but we need people to buy, and trade PMC for this to work. The only way we can get people to buy/ trade pmc is by building up some interest by doing something unique. Whether its PMC2, a 51% attack on a LIVE coin and not a testnet, or implementing different theoretical coin changes before anyone else does, something needs to happen. Lets get a plan going, and a schedule! Anybody up for a brainstorm on IRC Sunday afternoon (my time) ? Last time we had a brainstorming session it was very productive. |
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creditcoin_CRD (OP)
Member
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Activity: 112
Merit: 10
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March 28, 2014, 12:33:55 PM |
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Not a bad idea, I'll send them an email. |
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laserfocus
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March 28, 2014, 12:35:55 PM |
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Not a bad idea, I'll send them an email. Another faucet worth adding: CoinOK.pw |
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sunny168
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Activity: 63
Merit: 10
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March 28, 2014, 12:44:01 PM |
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Well, most of the time you will wait forever until losses are recovered. I wouldn't count on that.
The basic rule is to risk 1% of your whole amount of coins for trading.
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coinnewbit
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March 28, 2014, 12:53:42 PM |
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Well, most of the time you will wait forever until losses are recovered. I wouldn't count on that.
The basic rule is to risk 1% of your whole amount of coins for trading.
hi, welcome to premine coin! i think you posted on the wrong thread |
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