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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1312295 times)
mr_random
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April 02, 2014, 06:38:20 PM
 #11881

I've just noticed something while going over the block chain.

First of all, the attack was really just from 203231 to 203405 before it started to be interrupted by even more PoS blocks:
http://mintcoin-explorer.info/chain/MintCoin?hi=203233&count=50
http://mintcoin-explorer.info/chain/MintCoin?hi=203433&count=50


Secondly, even within this period, there are still some PoS blocks that occur:
http://i.imgur.com/LydCerH.png

Most importantly of all. Through the ENTIRE attack period, not a single transaction was confirmed by one of the PoW blocks (aside from the PoW blocks producing their 1 MINT). The only transaction confirmations were done by the few PoS blocks which interrupted. How is this possible? There are way, way more PoW blocks, but none of them confirmed transactions over an entire hour? Is that because PoW blocks cannot confirm transaction during this "attack"? If so, then this "attack" cannot be used to double spend or do any real damage. Right?

So it's even worse than we thought. The entire network was frozen with no confirmations, and that was only carried out by the first stage of the attack.

Game over.

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WALKEN-COIN
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April 02, 2014, 06:38:31 PM
 #11882

Any news on MINT being added to https://www.vaultofsatoshi.com/?

That should put some wind in the sails.
stormia
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April 02, 2014, 06:39:24 PM
 #11883

I've just noticed something while going over the block chain.

First of all, the attack was really just from 203231 to 203405 before it started to be interrupted by even more PoS blocks:
http://mintcoin-explorer.info/chain/MintCoin?hi=203233&count=50
http://mintcoin-explorer.info/chain/MintCoin?hi=203433&count=50


Secondly, even within this period, there are still some PoS blocks that occur:
http://i.imgur.com/LydCerH.png

Most importantly of all. Through the ENTIRE attack period, not a single transaction was confirmed by one of the PoW blocks (aside from the PoW blocks producing their 1 MINT). The only transaction confirmations were done by the few PoS blocks which interrupted. How is this possible? There are way, way more PoW blocks, but none of them confirmed transactions over an entire hour? Is that because PoW blocks cannot confirm transaction during this "attack"? If so, then this "attack" cannot be used to double spend or do any real damage. Right?

So it's even worse than we thought. The entire network was frozen with no confirmations, and that was only carried out by the first stage of the attack.

Game over.

Nice try, but no that is not what that means. As you can see, PoS blocks interrupted the attack to perform transactions. You should stop saying things about this mr_random, even if what you said holds any truth everybody knows you have and always will be a troll on this thread. Leave the discussion to the reputable and respectable blackcoin representatives.
maarx
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April 02, 2014, 06:39:58 PM
 #11884

I've just noticed something while going over the block chain.

First of all, the attack was really just from 203231 to 203405 before it started to be interrupted by even more PoS blocks:
http://mintcoin-explorer.info/chain/MintCoin?hi=203233&count=50
http://mintcoin-explorer.info/chain/MintCoin?hi=203433&count=50


Secondly, even within this period, there are still some PoS blocks that occur:
http://i.imgur.com/LydCerH.png

Most importantly of all. Through the ENTIRE attack period, not a single transaction was confirmed by one of the PoW blocks (aside from the PoW blocks producing their 1 MINT). The only transaction confirmations were done by the few PoS blocks which interrupted. How is this possible? There are way, way more PoW blocks, but none of them confirmed transactions over an entire hour? Is that because PoW blocks cannot confirm transaction during this "attack"? If so, then this "attack" cannot be used to double spend or do any real damage. Right?

Yes. exactly

Really.. REALLY?

You highlighted two blocks.

http://mint.blockx.info/get/block/000006947fae36e3330c38ecfe55097c1da496f0c8f3e4a4f08543aed1227253
http://mint.blockx.info/get/block/000001cf24011a61e757be862418390dc7a6c1d20d3cf3798ffb5ae15f9c9ba5

Those two blocks. They are Proof of Work blocks. And both look like they processed transactions FROM <address> TO <another address>.

You're not technical at all, right?

Nice investigation.

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stormia
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April 02, 2014, 06:40:47 PM
 #11885

I've just noticed something while going over the block chain.

First of all, the attack was really just from 203231 to 203405 before it started to be interrupted by even more PoS blocks:
http://mintcoin-explorer.info/chain/MintCoin?hi=203233&count=50
http://mintcoin-explorer.info/chain/MintCoin?hi=203433&count=50


Secondly, even within this period, there are still some PoS blocks that occur:
http://i.imgur.com/LydCerH.png

Most importantly of all. Through the ENTIRE attack period, not a single transaction was confirmed by one of the PoW blocks (aside from the PoW blocks producing their 1 MINT). The only transaction confirmations were done by the few PoS blocks which interrupted. How is this possible? There are way, way more PoW blocks, but none of them confirmed transactions over an entire hour? Is that because PoW blocks cannot confirm transaction during this "attack"? If so, then this "attack" cannot be used to double spend or do any real damage. Right?

Yes. exactly

Really.. REALLY?

You highlighted two blocks.

https://bitcointalk.org/index.php?action=post;quote=6038733;topic=450381.12160;num_replies=12167;sesc=89773dc9628728cdc1757a687dcc555f
http://mint.blockx.info/get/block/000001cf24011a61e757be862418390dc7a6c1d20d3cf3798ffb5ae15f9c9ba5

Those two blocks. They are Proof of Work blocks. And both look like they processed transactions FROM <address> TO <another address>.

You're not techincal at all, right?

Nice investigation.

Thanks for catching my mistake, just trying to figure this out
maarx
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April 02, 2014, 06:42:07 PM
 #11886

I hope this gets fixed, is all. I have a lot of mint.

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moderndezigns
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April 02, 2014, 06:45:09 PM
 #11887

ok guys here are all the blackcoin liars
mgburks77
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April 02, 2014, 06:45:17 PM
 #11888

you guys are really shooting yourselves in the foot with this crap, look at how far blackcoins price has dropped since you started doing this

I suggest you get the attack underway before it hits zero
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April 02, 2014, 06:46:02 PM
 #11889

remember to like our facebook page
maarx
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April 02, 2014, 06:46:59 PM
 #11890

We are here trying to help. Is all. There is a SERIOUS error in the Mint code. What do u want? We are talking about an 1.5m market cap here, which can go void in an instant.

We're not joking here or promoting "our blackcoin".

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sargecap
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April 02, 2014, 06:47:53 PM
 #11891

Im still holding my last 10% of mint but I admit I have panic dumped some

any progress from the mint dev team yet?
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April 02, 2014, 06:47:58 PM
 #11892

The reason blackcoin is dropping is a few of them have a majority of all the coins and they had an agreement not to sell more than a certain amount but the thing is someone is selling alot more than they should be
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April 02, 2014, 06:48:08 PM
 #11893

We are here trying to help. Is all. There is a SERIOUS error in the Mint code. What do u want? We are talking about an 1.5m market cap here, which can go void in an instant.

We're not joking here or promoting "our blackcoin".

Well the best way to help is less talk and get the attack underway. So far it's been a lot of hot air. Enough of that.
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April 02, 2014, 06:48:26 PM
 #11894

some help please...

How long is it supposed to be to start minting and how often should i expect minting to happen? I thought it was 20 days and I've had my coins for 23 days, though i only have a bit over 90k mint.
mgburks77
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April 02, 2014, 06:50:02 PM
 #11895

The reason blackcoin is dropping is a few of them have a majority of all the coins and they had an agreement not to sell more than a certain amount but the thing is someone is selling alot more than they should be
http://en.wikipedia.org/wiki/Prisoner%27s_dilemma
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April 02, 2014, 06:51:00 PM
 #11896

and while they are selling someone has to buy up a certain amount to stabilize price. It doesn't take a whole lot but still there isn't much honor among thieves and because this person is selling more than they should it is making the others pay more to maintain
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April 02, 2014, 06:51:25 PM
 #11897

some help please...

How long is it supposed to be to start minting and how often should i expect minting to happen? I thought it was 20 days and I've had my coins for 23 days, though i only have a bit over 90k mint.

sometimes it takes a little longer if your stake is smaller. let your wallet mint and it will happen.
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April 02, 2014, 06:51:48 PM
 #11898

The reason blackcoin is dropping is a few of them have a majority of all the coins and they had an agreement not to sell more than a certain amount but the thing is someone is selling alot more than they should be

They are dry, cant pump price anymore

Take a loot at the trades at mintpal, mostly 2, 10 and 20 BC ROUND orders.

They have like an hour trying to dump only 1 btc at 6490. Nobody is buying anymore.

They are stuck...
mgburks77
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April 02, 2014, 06:53:43 PM
 #11899

The reason blackcoin is dropping is a few of them have a majority of all the coins and they had an agreement not to sell more than a certain amount but the thing is someone is selling alot more than they should be

They are dry, cant pump price anymore

Take a loot at the trades at mintpal, mostly 2, 10 and 20 BC ROUND orders.

They have like an hour trying to dump only 1 btc at 6490. Nobody is buying anymore.

They are stuck...
desperation bagholders, eh?  Cheesy
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April 02, 2014, 06:57:07 PM
 #11900

The reason blackcoin is dropping is a few of them have a majority of all the coins and they had an agreement not to sell more than a certain amount but the thing is someone is selling alot more than they should be

They are dry, cant pump price anymore

Take a loot at the trades at mintpal, mostly 2, 10 and 20 BC ROUND orders.

They have like an hour trying to dump only 1 btc at 6490. Nobody is buying anymore.

They are stuck...
desperation bagholders, eh?  Cheesy

True at times they are the main buyer of their own coins. They try to pump in hopes to attract buyers but if one of the people in the group is selling from their holdings then they are buying their "friends" coins
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