[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept

[GröBkAz]

2014-01-29 20:31:24   Sell   0.00000053   900   0.000477

thanks for these  

lol, i think that was my exact trade order. I still have some left. Just taking profits

EDIT: If the blockchain get's forked and you lose those coins, let me know, I'll fix it for you

well, i took profits... 

2014-01-29 20:59:08 Sell 0.00001000 1000 0.01
2014-01-29 20:31:24 Buy 0.00000053 900 0.000477

Now, you are a rich men...

[deodecagone]

Arf, that was something we should have expected with the low reward, the network could be misleaded easikly with some sha rig.
What was the network hash at the time of the fork appr. ?

[deodecagone]

do I dream or is that the first post-Mine coin ? new blocks reward ?

[Nullu]

Arf, that was something we should have expected with the low reward, the network could be misleaded easikly with some sha rig.
What was the network hash at the time of the fork appr. ?

Yeah, it could have been a malicious attack. Kind of sad, really.

[creditcoin_CRD]

do I dream or is that the first post-Mine coin ? new blocks reward ?

Yes, much bust.


It appears that there is an asshat in our midst. I think I have it figured out.

[Nullu]

do I dream or is that the first post-Mine coin ? new blocks reward ?

Yes, much bust.


It appears that there is an asshat in our midst. I think I have it figured out.

Someone bitter about not getting their share, me thinks.

[hilgi]

I wish I understood the tech aspects better. 

[GröBkAz]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

[deodecagone]

I wish I understood the tech aspects better. 

coin caput, great dev repair

[EcuaMobi]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

[hilgi]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

How does that work? Is there a way to protect against that?

[creditcoin_CRD]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

[EcuaMobi]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Can we know who?

Are we changing to scrypt or something like that?

[creditcoin_CRD]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

How does that work? Is there a way to protect against that?

yes,,,, mine faster

[GröBkAz]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Is it possibel to fix such a problem? And how?

[Nullu]

I wish I understood the tech aspects better.  

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Is it possibel to fix such a problem? And how?

You fork the blockchain from the wallet just before the hacker sabotaged the blockchain, and change the rules in the wallet to prevent it ever happening again. A bit like using System Restore Points on your computer. Restore to the last known good configuration, then fix the problems.

All this saboteur has done is forced us to fix a problem that would have been disastrous if it happened later on when the coin gained a massive amount of value. Ironically he may have done the coin a favour by exposing a vulnerability.

That that he deserves any credit. He was absolutely doing this maliciously, as anyone with an ounce of concern for this exploit would have announced it to the dev quietly, not hijack the entire blockchain.

[Benezivas]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Oh, don't tell me that someone actually forked the chain and put blocks with a reward into it

[creditcoin_CRD]

I wish I understood the tech aspects better. 

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Is it possibel to fix such a problem? And how?

Yeah, it can be fixed. But it can also be broken again.

[EcuaMobi]

I wish I understood the tech aspects better.  

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Is it possibel to fix such a problem? And how?

You fork the blockchain from the wallet just before the hacker sabotaged the blockchain, and change the rules in the wallet to prevent it ever happening again.

That fixes it for now. But we need some changes to prevent that from happening in the future.
Mainly, we need to encourage more miners to switch to PMC.

And using scrypt would help against ASIC.

[creditcoin_CRD]

I wish I understood the tech aspects better.  

Yep, could someone explain it for dummys?

Someone with a better miner than everyone else together changed the rules of the game at will.

^ this


and im 99.9% sure i know who.

Oh, don't tell me that someone actually forked the chain and put blocks with a reward into it

lol - that was the only clue that told me who it was. -obviously I can't prove it. but...


on the other hand, at least i have a sense of humor.