doona38317
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Activity: 106
Merit: 10
Some day i too can have a avatar and be like you.
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April 02, 2014, 05:24:49 PM |
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- No premine. Yep, not even for country coin, even it they have the best of intentions and they actually deliver (like Auroracoin did yesterday)
- other criteria as you see fit.
There would be two kind of criteria: mandatory and facultative. Mandatory criteria are stoppers, other just orient the decision. I'd say ressource-intensivness and premine should be mandatory.
The boundary of a criterium should be written clearly, to avoid as much arbitrary decision as possible.
Then you cannot include Mint and its premine, you either are fair and include any with premine or exclude all premined coins including Mint To allow one and exclude all others on this principle present a critical flaw for what you are trying to achieve by not being biased. It also would exclude Noble which is by far the most VAS exclusive coin currently in circulation I hope you are correct Thank you for your advice I'm going to buy Wish us luck |
Bitcoin bear will defeat you Bratcoin bulls. Bear bEAR bEAR!
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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moderndezigns
Newbie
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Activity: 56
Merit: 0
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April 02, 2014, 05:27:04 PM |
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- No premine. Yep, not even for country coin, even it they have the best of intentions and they actually deliver (like Auroracoin did yesterday)
- other criteria as you see fit.
There would be two kind of criteria: mandatory and facultative. Mandatory criteria are stoppers, other just orient the decision. I'd say ressource-intensivness and premine should be mandatory.
The boundary of a criterium should be written clearly, to avoid as much arbitrary decision as possible.
Then you cannot include Mint and its premine, you either are fair and include any with premine or exclude all premined coins including Mint To allow one and exclude all others on this principle present a critical flaw for what you are trying to achieve by not being biased. It also would exclude Noble which is by far the most VAS exclusive coin currently in circulation I hope you are correct Thank you for your advice I'm going to buy Wish us luck The Mintcoin fund is not going in this direction I believe |
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mr_random
Legendary
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Activity: 1274
Merit: 1001
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April 02, 2014, 05:31:15 PM |
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We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
If there is anything to fix? You can clearly see the attack in the blockchain... |
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Party Hard
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April 02, 2014, 05:33:22 PM |
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We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
I'd like to take this opportunity to point out to all the people who FREAKED OUT and said the devs are douchebags and losers, that the dev team replied within an hour of all this bellyaching and name calling. People get pissed off when I call individuals out by name for being turds, but you know who you are. Others and newcomers reading this part of the thread should take note of the people who obviously have ulterior motives. Don't be fooled by people trying to scare you. Use your brain and think for yourself. Bottom line, the dev team is on it, Mintcoin is all systems go. |
Ladies ladies, one at a time.
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dogechode
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April 02, 2014, 05:34:01 PM |
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What is the nature of the attack and what are the risks to people currently holding Mint?
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gonzoucab
Newbie
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Activity: 42
Merit: 0
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April 02, 2014, 05:38:13 PM |
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What is the nature of the attack and what are the risks to people currently holding Mint?
Was a 51 attack over POW part, cant go further since POS kick back in If you are paranoid use more than 120 confirmations, this will exclude this attack since POS will always kick back in less than an hour No double spend can be made with this attack. |
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moderndezigns
Newbie
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Activity: 56
Merit: 0
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April 02, 2014, 05:39:17 PM |
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We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
If there is anything to fix? You can clearly see the attack in the blockchain... I suggest that we do the same as the blackcon group and report trolls |
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Party Hard
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April 02, 2014, 05:43:02 PM |
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What is the nature of the attack and what are the risks to people currently holding Mint?
Was a 51 attack over POW part, cant go further since POS kick back in If you are paranoid use more than 120 confirmations, this will exclude this attack since POS will always kick back in less than an hour No double spend can be made with this attack. Would that slow confirmation/transaction time to (120 * 30sec = 1 hour) or is that completely wrong? |
Ladies ladies, one at a time.
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sixteendigits
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April 02, 2014, 05:47:57 PM |
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Well, that response from the devs wasn't quite as reassuring as I would have liked, but I definitely am not selling in the midst of a panic. Suppose I'll withdrawal my daytrading MINT from cryptsy to my local wallet for now, wait a few weeks, and hopefully this all blows over soon.
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mr_random
Legendary
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Activity: 1274
Merit: 1001
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April 02, 2014, 05:50:12 PM |
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We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
I'd like to take this opportunity to point out to all the people who FREAKED OUT and said the devs are douchebags and losers, that the dev team replied within an hour of all this bellyaching and name calling. People get pissed off when I call individuals out by name for being turds, but you know who you are. Others and newcomers reading this part of the thread should take note of the people who obviously have ulterior motives. Don't be fooled by people trying to scare you. Use your brain and think for yourself. Bottom line, the dev team is on it, Mintcoin is all systems go. Uh what. Blackcoin team emailed Mintcoin dev over 20 hours ago about this privately and Mintcoin dev wouldn't regonise the problem. Even now when it's gone public the mintcoin dev still states he'll fix it if it's a problem. Good luck putting your faith in a dev who can't read the blockchain and recognise what has happened  |
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Party Hard
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April 02, 2014, 05:56:49 PM |
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We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
I'd like to take this opportunity to point out to all the people who FREAKED OUT and said the devs are douchebags and losers, that the dev team replied within an hour of all this bellyaching and name calling. People get pissed off when I call individuals out by name for being turds, but you know who you are. Others and newcomers reading this part of the thread should take note of the people who obviously have ulterior motives. Don't be fooled by people trying to scare you. Use your brain and think for yourself. Bottom line, the dev team is on it, Mintcoin is all systems go. Uh what. Blackcoin team emailed Mintcoin dev over 20 hours ago about this privately and Mintcoin dev wouldn't regonise the problem. Even now when it's gone public the mintcoin dev still states he'll fix it if it's a problem. Good luck putting your faith in a dev who can't read the blockchain and recognise what has happened Whoa! You're kidding me!  |
Ladies ladies, one at a time.
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mgburks77
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April 02, 2014, 05:59:24 PM |
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Stop with the FUD it's already been shown that the attack was foiled by the proper functioning of the coin and no doublespend is achievable by that vector
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sargecap
Newbie
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Activity: 14
Merit: 0
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April 02, 2014, 06:01:55 PM |
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We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
I'd like to take this opportunity to point out to all the people who FREAKED OUT and said the devs are douchebags and losers, that the dev team replied within an hour of all this bellyaching and name calling. People get pissed off when I call individuals out by name for being turds, but you know who you are. Others and newcomers reading this part of the thread should take note of the people who obviously have ulterior motives. Don't be fooled by people trying to scare you. Use your brain and think for yourself. Bottom line, the dev team is on it, Mintcoin is all systems go. Uh what. Blackcoin team emailed Mintcoin dev over 20 hours ago about this privately and Mintcoin dev wouldn't regonise the problem. Even now when it's gone public the mintcoin dev still states he'll fix it if it's a problem. Good luck putting your faith in a dev who can't read the blockchain and recognise what has happened i dumped my mint already. I may buy back in if the dev pulls his finger out of his ass or I may convert the rest into blackcoin. They do seem to have one of the best devs around who actually understands the code. Proven by their mint vulnerability discovery |
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mgburks77
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April 02, 2014, 06:03:06 PM |
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I recommend you go with black coin
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mr_random
Legendary
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Activity: 1274
Merit: 1001
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April 02, 2014, 06:04:22 PM |
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Stop with the FUD it's already been shown that the attack was foiled by the proper functioning of the coin and no doublespend is achievable by that vector
1 hour worth of blocks in the block chain were reduced to proof of work only. And the proof of work difficulty is ridiculously low due to the 1 block reward being no incentive to proof of work miners. A double spend attack in that 1 hour block would be a piece of cake. You're lucky the blackcoin developer isn't malicious or your MINT would have lost 500% of it's value right now... but that could still happen anyway the way the market is reacting to this news |
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stormia
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April 02, 2014, 06:07:45 PM |
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I recommend you go with black coin
Why is blackcoin's price falling, too? I see big dumps. I would have thought bad news for Mint == good news for BC. |
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Soepkip
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April 02, 2014, 06:09:26 PM |
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Stop with the FUD it's already been shown that the attack was foiled by the proper functioning of the coin and no doublespend is achievable by that vector
Actually, the only reason PoS kicked back in is because we stopped the attack. One could easily stop the PoS chain for 24 hours+ if he'd wanted to. Hell, even a year is possible. Also, this is a 2 part attack: 1) Make the coin PoW only 2) 51% attack. The second part we did not perform, but we could've done a double spend then. Anyhow, good that the dev finally reacted, hope to see a fix soon! |
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drent301
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April 02, 2014, 06:13:01 PM |
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Thanks for the panic! Just bought some very cheap Mint!  |
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mgburks77
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April 02, 2014, 06:14:52 PM |
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Stop with the FUD it's already been shown that the attack was foiled by the proper functioning of the coin and no doublespend is achievable by that vector
Actually, the only reason PoS kicked back in is because we stopped the attack. One could easily stop the PoS chain for 24 hours+ if he'd wanted to. Hell, even a year is possible. Also, this is a 2 part attack: 1) Make the coin PoW only 2) 51% attack. The second part we did not perform, but we could've done a double spend then. Anyhow, good that the dev finally reacted, hope to see a fix soon! they said they would release a fix if one becomes necessary because theoretical possibilities are not much to worry about |
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dille71
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April 02, 2014, 06:15:51 PM |
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What is the nature of the attack and what are the risks to people currently holding Mint?
Was a 51 attack over POW part, cant go further since POS kick back in If you are paranoid use more than 120 confirmations, this will exclude this attack since POS will always kick back in less than an hour No double spend can be made with this attack. How to configure how many confirmations to use? |
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