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gts476
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May 16, 2014, 01:22:27 PM |
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No worries mate. I'm getting back to the books. Check PM.
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brightlight
Legendary
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Activity: 1288
Merit: 1000
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May 16, 2014, 01:23:41 PM |
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So, is here any explanation about Mintpal tweet and suspending trade pair?
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gts476
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May 16, 2014, 01:27:25 PM |
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So, is here any explanation about Mintpal tweet and suspending trade pair?
Something about a 51% attack. Which would require one wallet to hold >51% of all C2 and have >51% of the total network computational power? so..... anyone have > 30,600,000 C2? on a side note, how would then even work? it's not like you can 51% millions of C2 into minty and sell it, too many confirmations required. |
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gpools
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May 16, 2014, 01:27:50 PM |
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gts476
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May 16, 2014, 01:31:10 PM |
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could you possibly explain? |
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gpools
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May 16, 2014, 01:34:04 PM |
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could you possibly explain? double spend attack |
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hiddensphinx
Legendary
Offline
Activity: 1457
Merit: 1001
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May 16, 2014, 01:35:01 PM |
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So, is here any explanation about Mintpal tweet and suspending trade pair?
Something about a 51% attack. Which would require one wallet to hold >51% of all C2 and have >51% of the total network computational power? so..... anyone have > 30,600,000 C2? on a side note, how would then even work? it's not like you can 51% millions of C2 into minty and sell it, too many confirmations required. NO its a double spend attack...its an issue with the wallet software itself..devs need to fix it |
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MarryUncle
Member
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Activity: 63
Merit: 10
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May 16, 2014, 01:36:29 PM |
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could you possibly explain? i dont understand too... |
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jibble
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May 16, 2014, 01:39:27 PM |
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So, is here any explanation about Mintpal tweet and suspending trade pair?
Something about a 51% attack. Which would require one wallet to hold >51% of all C2 and have >51% of the total network computational power? so..... anyone have > 30,600,000 C2? on a side note, how would then even work? it's not like you can 51% millions of C2 into minty and sell it, too many confirmations required. NO its a double spend attack...its an issue with the wallet software itself..devs need to fix it A double spend attack with POW is usually made a hell of alot easier when you have 51% of the hashrate. so no its not a problem with the wallet software. While NC2 isn't POW but POS that wouldn't require 51% technically, just for you to stake coins to you are getting every block in stake for quite a number of blocks and hoping no one solves one between yours. which again wouldn't be a problem with the wallet software that the dev could fix. the problem would be having 10's of millions of coins stuck on exchanges, so someone with a couple million can cause a double spend by staking coins and solving blocks |
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gts476
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May 16, 2014, 01:43:49 PM |
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So, is here any explanation about Mintpal tweet and suspending trade pair?
Something about a 51% attack. Which would require one wallet to hold >51% of all C2 and have >51% of the total network computational power? so..... anyone have > 30,600,000 C2? on a side note, how would then even work? it's not like you can 51% millions of C2 into minty and sell it, too many confirmations required. NO its a double spend attack...its an issue with the wallet software itself..devs need to fix it A double spend attack with POW is usually made a hell of alot easier when you have 51% of the hashrate. so no its not a problem with the wallet software. While NC2 isn't POW but POS that wouldn't require 51% technically, just for you to stake coins to you are getting every block in stake for quite a number of blocks and hoping no one solves one between yours. which again wouldn't be a problem with the wallet software that the dev could fix. the problem would be having 10's of millions of coins stuck on exchanges, so someone with a couple million can cause a double spend by staking coins and solving blocks Is this the sort of thing that must be a deliberate act, or could it just be a function of a mega wallet left to stake in such a manner? |
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jibble
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May 16, 2014, 01:49:50 PM |
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So, is here any explanation about Mintpal tweet and suspending trade pair?
Something about a 51% attack. Which would require one wallet to hold >51% of all C2 and have >51% of the total network computational power? so..... anyone have > 30,600,000 C2? on a side note, how would then even work? it's not like you can 51% millions of C2 into minty and sell it, too many confirmations required. NO its a double spend attack...its an issue with the wallet software itself..devs need to fix it A double spend attack with POW is usually made a hell of alot easier when you have 51% of the hashrate. so no its not a problem with the wallet software. While NC2 isn't POW but POS that wouldn't require 51% technically, just for you to stake coins to you are getting every block in stake for quite a number of blocks and hoping no one solves one between yours. which again wouldn't be a problem with the wallet software that the dev could fix. the problem would be having 10's of millions of coins stuck on exchanges, so someone with a couple million can cause a double spend by staking coins and solving blocks Is this the sort of thing that must be a deliberate act, or could it just be a function of a mega wallet left to stake in such a manner? From the looks of that wallet its only got 20* transactions, Each stake and solving of a block would count towards transactions, its pretty much impossible for it to be that big wallet, althou that being said, with 22 million being held in a single wallet. it would technically make it a hell of alot easier to perform a double spend attack on the network with a smaller wallet size. this is mostly theoretical POS double spend attack theory until it is actually successfully done and observed. This might not even be a double spend and might be something completely different. Looking at the blockchain it doesn't seem to be a major chuck on blocks in a row being solved by the same person the 12 unconfirmed have made me second guess myself lol |
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hiddensphinx
Legendary
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Activity: 1457
Merit: 1001
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May 16, 2014, 02:00:51 PM |
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anyone else seeing it showing as confirmed now with 76 confirm
got link? |
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doubledog
Newbie
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Activity: 13
Merit: 0
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May 16, 2014, 02:01:23 PM |
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really? a 51% attack again? on the POS C2? i'm losing all my faith on this coin, damit
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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May 16, 2014, 02:14:50 PM |
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Is there a fix underway?
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_@/'
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venmo
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May 16, 2014, 02:15:38 PM |
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Is there a fix underway?
We are looking into it |
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Prominence
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May 16, 2014, 02:17:11 PM |
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Is there a fix underway?
The fix would be to mine more if this really was a double spend attack. |
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gts476
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May 16, 2014, 02:20:32 PM |
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OIC, a guy spamming C2 to himself?
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cyberhacker
Legendary
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Activity: 1330
Merit: 1000
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May 16, 2014, 02:21:16 PM |
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Is there a fix underway?
The fix would be to mine more if this really was a double spend attack. i am so happy that i dumped all my c2 around 1500 satoshi. this coin just fucked up every one |
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