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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1343089 times)
gonzoucab
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April 02, 2014, 08:54:23 PM
 #12001

Quote
static const int CUTOFF_POW_BLOCK = 220000;

if (IsProofOfWork() && nHeight > CUTOFF_POW_BLOCK)
     return DoS(100, error("AcceptBlock() : No proof-of-work allowed anymore (height = %d)", nHeight));

https://github.com/mintcoinproject/mintcoin/commit/dad79713d4172a569238de1b736abfbf307acfbd

Welcome to POS only guys Smiley

That doesnt mean that, mint will keep Hybryd!

read:

http://www.netcoin.io/wiki/Algorithms_for_PoS_Voters_to_Assess_the_Validity_of_PoW_Blocks

We are changing cutoff of blocks that attack, but this parametter need to be adjusted for the network size.

I doesnt need a FORK!!!

Clean solution from DEVS!
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maarx
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April 02, 2014, 08:55:53 PM
 #12002

Sry my bad then. Good to see a solution in any case Smiley

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nzminer
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April 02, 2014, 08:57:22 PM
 #12003

Bitcoin will probably drop further, its bubble has already burst, its down to $490 now, I dont see much tong term stability in POW coins, the mining costs just become too high and look at all the mining farms required to keep it running.
POS is the only way to go and NXT and other similar coins will have some long term future.
Ive got only about 100K mint, and at 20% PA, it is not much for the first year, Its an interesting concept, but once NXT gets more distribution, i think it will take off.
Check out hashrate.org or NXTp00l.org if you want to mine SCRYPT or SHA-256 coins and exchange them for NXT automatically.

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
colinfx
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April 02, 2014, 08:58:24 PM
 #12004


On behalf of rat4, you're welcome.

+1

rat4 is a genius developer and was very kind to point this problem out to the MINT community before it was exploited by unsavoury characters. He just saved your coin a whole load of grief.
stormia
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April 02, 2014, 09:01:02 PM
 #12005

I actually wondered why they left POW in to begin with. Since the block reward is only 1 coin I can't imagine anyone doing POW??

That's just cos they didn't know what they were doing and thought it would bring enhanced protection of the blockchain (I guess a reasonable enough assumption if someone isn't familiar with code and just forked peercoin from github without understanding it). But it actually weakened the blockchain.

I think it's a smart move to follow Blackcoin's lead and copy the pure proof of stake approach.

Whether the Mintcoin knows how to handle a pure proof of stake coin, that is a separate matter. You'll see what I mean by that.

Nobody was aware of this issue, not just the mintcoin dev. There are many other PoS/PoW hybrids with low PoW block reward, I hope they have been informed as well. We (or at least I) am thankful that this problem was identified before it could be exploited. It looks like the fix may not use Blackcoin's pure PoS approach, so how about you wait and see before you continue to troll.
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April 02, 2014, 09:02:10 PM
 #12006

So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.
"who looks for problems to fix, whether it benefits BC or not."
I think he was expecting, or at least many within the BC community were hoping, that exposing this would have driven BC up. Why is BC being dumped right now? Something we don't know about?
BC went up in price. 24 hour volume reached 7,405 satoshis. It has only dropped a little, by about 14%. MINT has dropped by about 25%.

Is this security issue with hybrids gonna be a problem?

If it is a problem, then I don't see why it can't be fixed. Just need people to work together and be patient.

don't give them the benefit of the doubt. these guys aren't trying to work with you dude, they are liars. Let them prove otherwise with a successful attack




You miss point bro if someone will atack with eg. double spent whole crypto will be damaged not only POW/POS...
This is bad PR for all coins.
Those guys who will do eg double spend with 100m mint will steal real people money.
Will you be happy with that ? Sometimes you don't know about consequences of such event...

Do you want give press bullets to shoot in crypto and scary people ?
That is why in all people interest is to solve problems and stop whining each-other.
If coin will be fast fixed noone will remember about bug in 2 months...
this is whole puenta just don't be such closed mind.

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mgburks77
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April 02, 2014, 09:05:16 PM
 #12007

Bitcoin will probably drop further, its bubble has already burst, its down to $490 now, I dont see much tong term stability in POW coins, the mining costs just become too high and look at all the mining farms required to keep it running.
POS is the only way to go and NXT and other similar coins will have some long term future.
Ive got only about 100K mint, and at 20% PA, it is not much for the first year, Its an interesting concept, but once NXT gets more distribution, i think it will take off.
Check out hashrate.org or NXTp00l.org if you want to mine SCRYPT or SHA-256 coins and exchange them for NXT automatically.

Understand exactly what NXT is all about by completely reading their wiki. They have specific objectives that don't necessarily account for the needs of the small stake holder

if you have under 50K or so nxt you will never forge, the chance will exist but it will be so small as to be almost non existent
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April 02, 2014, 09:05:23 PM
 #12008

Quote
static const int CUTOFF_POW_BLOCK = 220000;

if (IsProofOfWork() && nHeight > CUTOFF_POW_BLOCK)
     return DoS(100, error("AcceptBlock() : No proof-of-work allowed anymore (height = %d)", nHeight));

https://github.com/mintcoinproject/mintcoin/commit/dad79713d4172a569238de1b736abfbf307acfbd

Welcome to POS only guys Smiley

That doesnt mean that, mint will keep Hybryd!

read:

http://www.netcoin.io/wiki/Algorithms_for_PoS_Voters_to_Assess_the_Validity_of_PoW_Blocks

We are changing cutoff of blocks that attack, but this parametter need to be adjusted for the network size.

I doesnt need a FORK!!!

Clean solution from DEVS!

Cool man! Also, this whole thing should be good for mint. Some large holders dumped a lot of coin, distributing it into the hands of smaller holders.

\
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April 02, 2014, 09:06:11 PM
 #12009

this is already happening a lot.

hackability and exploitability of any coin is bad.

thats why something new, radical, will be invented one day to replace this all.

any coin that makes me a profit.
deadmanwalking
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April 02, 2014, 09:08:02 PM
 #12010

this is already happening a lot.

hackability and exploitability of any coin is bad.

thats why something new, radical, will be invented one day to replace this all.


Do you ever have a positive thought?

\
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April 02, 2014, 09:09:04 PM
 #12011

sure Smiley

any coin that makes me a profit.
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April 02, 2014, 09:09:09 PM
 #12012


On behalf of rat4, you're welcome.

+1

rat4 is a genius developer and was very kind to point this problem out to the MINT community before it was exploited by unsavoury characters. He just saved your coin a whole load of grief.


+1 Guys you have to admitted Rat4 did the coin a favor and the Developers. Time to end the war with BC enough welcome to POS or you can just trade your mInt for BC

by the way Rat4 uncovered the crap of dev CryptoRush had look it up

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mgburks77
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April 02, 2014, 09:09:33 PM
 #12013

So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.
"who looks for problems to fix, whether it benefits BC or not."
I think he was expecting, or at least many within the BC community were hoping, that exposing this would have driven BC up. Why is BC being dumped right now? Something we don't know about?
BC went up in price. 24 hour volume reached 7,405 satoshis. It has only dropped a little, by about 14%. MINT has dropped by about 25%.

Is this security issue with hybrids gonna be a problem?

If it is a problem, then I don't see why it can't be fixed. Just need people to work together and be patient.

don't give them the benefit of the doubt. these guys aren't trying to work with you dude, they are liars. Let them prove otherwise with a successful attack




You miss point bro if someone will atack with eg. double spent whole crypto will be damaged not only POW/POS...
This is bad PR for all coins.
Those guys who will do eg double spend with 100m mint will steal real people money.
Will you be happy with that ? Sometimes you don't know about consequences of such event...

Do you want give press bullets to shoot in crypto and scary people ?
That is why in all people interest is to solve problems and stop whining each-other.
If coin will be fast fixed noone will remember about bug in 2 months...
this is whole puenta just don't be such closed mind.

I'm not attacking coins so it's not me that is doing anything to the image of crypto

If you think you can attack successfully try it. So far the attackers have been unsuccessful. They claim they stopped purposely but the truth is the attack failed. I know it will fail again if they try.

That only exposes blackcoin community as being completely dishonest
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April 02, 2014, 09:10:21 PM
 #12014


On behalf of rat4, you're welcome.

+1

rat4 is a genius developer and was very kind to point this problem out to the MINT community before it was exploited by unsavoury characters. He just saved your coin a whole load of grief.


+1 Guys you have to admitted Rat4 did the coin a favor and the Developers. Time to end the war with BC enough welcome to POS or you can just trade your mInt for BC

Sigh.. some of us never wanted a war Sad
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April 02, 2014, 09:10:49 PM
 #12015

MINT is proven antifragile

can blackcoin say the same? time will tell
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April 02, 2014, 09:10:56 PM
 #12016

this is already happening a lot.

hackability and exploitability of any coin is bad.

thats why something new, radical, will be invented one day to replace this all.

bank goverments can steal your money with taxes fees and you can do anything about it
 with crypto you are free from banks and governments.
Where moeny are there allways will be problems becouse of people greed and other factors.
You wont run away from it unless you will be homeless ^^

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graIn..
.
The Backbone of
Modern Work Agreements.
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colinfx
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April 02, 2014, 09:13:04 PM
 #12017

MINT is proven antifragile

can blackcoin say the same? time will tell

mgburks77 - I feel you do not speak for the MINT community.

Let this all go quiet so as to not cause any more damage to MINT, the problem will be fixed by the MINT devs, let it go.
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April 02, 2014, 09:14:49 PM
 #12018

Quote
static const int CUTOFF_POW_BLOCK = 220000;

if (IsProofOfWork() && nHeight > CUTOFF_POW_BLOCK)
     return DoS(100, error("AcceptBlock() : No proof-of-work allowed anymore (height = %d)", nHeight));

https://github.com/mintcoinproject/mintcoin/commit/dad79713d4172a569238de1b736abfbf307acfbd

Welcome to POS only guys Smiley

That doesnt mean that, mint will keep Hybryd!

read:

http://www.netcoin.io/wiki/Algorithms_for_PoS_Voters_to_Assess_the_Validity_of_PoW_Blocks

We are changing cutoff of blocks that attack, but this parametter need to be adjusted for the network size.

I doesnt need a FORK!!!

Clean solution from DEVS!
what do you mean? the code diff seemed to me like mint will become pure PoS after block 220000.

MINT: MdPQhsGufjm5AXYkHebbnF2A155xDqVfK7
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April 02, 2014, 09:15:15 PM
 #12019

Update on the potential security issues mentioned earlier.

As a cautionary measure and since MINT does not really need PoW, we have decided to get rid of the PoW. We don't want to take any security risk.
And since our ego is less important than your hard earned money, we won't have any problem to be thankful to another coin dev if it appears he has helped to increase MintCoin's security.

For now, a new wallet is available and this is a mandatory update!
https://mega.co.nz/#!YI4DETrC!0Cy_PFqWkLF52Ic_Hoo-5v_oyUGWa2R4dcIvlX1S2H0

Please notify every people you know about this update!

What's new?
(1) latest checkpoints
(2) fixed wallet getbalance issue (thanks paspi)
(3) remove pow generation after block 220000
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April 02, 2014, 09:17:01 PM
 #12020

this is already happening a lot.

hackability and exploitability of any coin is bad.

thats why something new, radical, will be invented one day to replace this all.

bank goverments can steal your money with taxes fees and you can do anything about it
 with crypto you are free from banks and governments.
Where moeny are there allways will be problems becouse of people greed and other factors.
You wont run away from it unless you will be homeless ^^

i think there are problems in crypto as well, regarding to greed Smiley

ps. good job on the fix. thank you.


any coin that makes me a profit.
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