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Author Topic: Operation Newcoins Protection - Join the Resistance  (Read 1855 times)
lynn_402
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March 29, 2014, 03:44:23 PM
 #1

Lately, a group of basement criminals has been attacking the very essence of cryptocurrencies - its decentralized nature. They claim they have enough wisdom to decide which crypto is good and which one is bad, and they believe that its right for them to impose their decisions upon the crypto-communities. That's pure fascism.

I came to cryptos because I wanted to use my reason and logic to control my own economy. In a place that is safe from the draconian laws of the states. These persons are threatening the noble notion of free market in favour of an unjust law enforcement the like of which we wanted to avoid in the first place. They are a threat to our economic freedom.

Their plan: Use their hashpowers to do 51% attacks on any coin that they subjectively consider scammy. At first it was only that, and it was already bad, but it quickly degenerated in "Use their hashpowers to do 51% attacks on any coin that have not paid their racketting fees"

Our plan: Use this thread to let coin developpers shares the facts about Operation Shitcoin Cleanup intimidating them. Then, when a coin is judged in danger of a 51% attack, all those partisan to our cause shall redirects their hashpower to protect the coin.

It's a fact that a lot of coins are pure scam, and I can understand why some would support fascist Operation Shitcoin Cleanup, but they are wrong. Let free market decide what is good and what is bad, that's the only just, objective and rational way this market can survive. So we will do all that is possible to compensate the negative effects they create. We shall not let Muddafudda and BitcoinExpress decide what is best for us, nor anyone else but ourselves. And please, keep in mind that if they'd have been around some months ago, they'd have severely hindered the development of legit altcoins (Doge, Franko, Vertcoin...) who are now quite valuable in some communities.



The best way to help is being active in this thread and fighting Operation Shitcoin Cleanup in any way you can.

PS. Apologies if english mistakes were made, as it is not my primary language.

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Wipeout2097
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March 29, 2014, 03:53:01 PM
 #2

If you remove the begging address and the "let free market decide" rhetoric, maybe you will be taken seriously. Free market leads to IPO's and all sorts of scams that are robbing people and killing the alt scene.  Even if it's offtopic, let me just say that "free market" in the real world leads to GMOs, fracking, speculating on food and others.

You make some valid points, though. Some middle ground must be found.


 
 
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lynn_402
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March 29, 2014, 03:57:57 PM
 #3

If you remove the begging address and the "let free market decide" rhetoric, maybe you will be taken seriously.

You make some valid points, though.

What's wrong with asserting that the free market is more logical than a market controlled by a centralised organisation?
And I am in no way begging for donation.
But thanks for seeing the validity of my points.

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March 29, 2014, 04:40:37 PM
 #4


Oh come on.

The word shitcoin sort of diminishes the credibility of this noble endeavor...  Grin

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March 29, 2014, 04:43:55 PM
 #5

lol naive Grin

viva la open WORLD
viva la DIVERSITY


i dont feel my coins like shitcoins!!!!
Tenemo
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March 29, 2014, 04:55:26 PM
 #6

If you remove the begging address and the "let free market decide" rhetoric, maybe you will be taken seriously. Free market leads to IPO's and all sorts of scams that are robbing people and killing the alt scene.  Even if it's offtopic, let me just say that "free market" in the real world leads to GMOs, fracking, speculating on food and others.
^that
You got me until I saw that free market bullshit (not like I disagree, but there are so many people overusing that kind of terms) and BTC adress. Then I basically moved this post into my mental trash bin. Also, I haven't noticed any actual idea for fighting with this swamp of coins here, too (except scammy-looking BTC begging).
lynn_402
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March 29, 2014, 05:15:43 PM
 #7

If you remove the begging address and the "let free market decide" rhetoric, maybe you will be taken seriously. Free market leads to IPO's and all sorts of scams that are robbing people and killing the alt scene.  Even if it's offtopic, let me just say that "free market" in the real world leads to GMOs, fracking, speculating on food and others.
^that
You got me until I saw that free market bullshit (not like I disagree, but there are so many people overusing that kind of terms) and BTC adress. Then I basically moved this post into my mental trash bin. Also, I haven't noticed any actual idea for fighting with this swamp of coins here, too (except scammy-looking BTC begging).

The idea for fighting against them? Build a community of miners who disagree with their practice, and protect the coins that are at risk of 51% attack by offsetting Operation Shitcoin Cleanup mining power. Intel shall be gathered by encouraging developpers who have been intimidated to post in this thread, and by staying up-to-date on OSC's thread.

Another goal, is to convince their followers that OSC's ways are immoral and damage the cryptocurrencies communities.

lynn_402
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March 29, 2014, 05:16:53 PM
 #8


Oh come on.

The word shitcoin sort of diminishes the credibility of this noble endeavor...  Grin

I use the enemy's definition of it Wink
But you're right, that might be a bad choice. Will change the thread's title right now.

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March 29, 2014, 05:26:43 PM
 #9

Just pick the coin or coins to mine and mine them.

But take care not to waste your hash power on coins you do not have enough hash power to actually secure/defend.

Thus either design a specialised chip that will hash in a way that a few thousands or tens of thousands of people with a few hundreds or thousands of GPUs or CPUs or FPGAs each will not be able to out-hash your specialised chip or direct all your hashing to whichever coin has the most hash power and stick with it instead of changing your mind based on bribes.

That is, if some other coin tries to bribe you into abandoning your coin to go mine some other coin, by making it "more profitable" on some website or calculation, stick to your coin, because if you let yourself get bribed away from defending your coin you might as well never go back, since if you won't defend it don't bother expecting anyone else to defend it.

All you GPU and CPU miners are basically screwing yourselves by making all the GPU and CPU coins more and more worthless by constantly abandoning them.

As more and more potential investors realise that more and more GPU and CPU miners are committed to abandoning coins and coming up with more and more scams to abandon them for, the whole field of CPU and GPU coins will become worth less and less and less.

Every time you switch coin, you make it yet more obvious that both the coin you switched from and the coin you switched to are useless garbage, bait-and-switch scams, you bait people into one by mining it, then switch to another, and just keep doing that bait-and-switch over and over and over, even developing specialised pools that exist solely for the purpose of facilitating that whole bait-and-switch scam cycle.

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March 29, 2014, 05:38:01 PM
 #10

BCX and the rest of the bitcoin fascists are wasting their time. For every coin they attack 5 more are springing up in their place, and they have demonstrated abject stupidity so far in terms of developing a strategy to fight them. They can do a little damage here and there, but ultimately they are about a relevant as DDOS attacks.

The profusion of altcoins is out of hand, but the free market will sort it all out. No one is forcing you to mine or buy a coin you don't like. To listen to the bitcoin fascists, the New York Stock Exchange should consist of 1 stock with 90% of the market cap, and a mere handful of other stocks that are firmly kept in their place.

Even if they have not been committing extortion, the damage they are doing to coin values (and thus having a real-world financial impact that is hurting people) makes them criminals in my book, and I wouldn't mind seeing them arrested in real life. Or if anyone can expose their identity, other forms of pressure might reasonably be applied.

The most idiotic thing is they presumably think they are protecting bitcoin. All they are doing is turning people away from all cryptocurrency, their own included. If they succeed they'll wind up holding all the bitcoins, with no value, wondering what happened.

Luke 12:15-21

Ephesians 2:8-9
lynn_402
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March 29, 2014, 05:38:45 PM
 #11

Just pick the coin or coins to mine and mine them.

But take care not to waste your hash power on coins you do not have enough hash power to actually secure/defend.

Thus either design a specialised chip that will hash in a way that a few thousands or tens of thousands of people with a few hundreds or thousands of GPUs or CPUs or FPGAs each will not be able to out-hash your specialised chip or direct all your hashing to whichever coin has the most hash power and stick with it instead of changing your mind based on bribes.

That is, if some other coin tries to bribe you into abandoning your coin to go mine some other coin, by making it "more profitable" on some website or calculation, stick to your coin, because if you let yourself get bribed away from defending your coin you might as well never go back, since if you won't defend it don't bother expecting anyone else to defend it.

All you GPU and CPU miners are basically screwing yourselves by making all the GPU and CPU coins more and more worthless by constantly abandoning them.

As more and more potential investors realise that more and more GPU and CPU miners are committed to abandoning coins and coming up with more and more scams to abandon them for, the whole field of CPU and GPU coins will become worth less and less and less.

Every time you switch coin, you make it yet more obvious that both the coin you switched from and the coin you switched to are useless garbage, bait-and-switch scams, you bait people into one by mining it, then switch to another, and just keep doing that bait-and-switch over and over and over, even developing specialised pools that exist solely for the purpose of facilitating that whole bait-and-switch scam cycle.

-MarkM-


The problem here, is that Operation Shitcoin Cleanup is targeting new coins who did not have the time to gather enough interest from miners to be secure, but who might in the future. Imagine if they had attacked Dogecoin at its beginning, when there was only a handful of miners. It might never have recovered and become the sucessful crypto it is now.

What I propose as a solution, is to defend the new coins unjustly attacked, until BitcoinExpress and other thugs abandon. Then we'll move to another coin. If the once protected coin fail to gather enough interest from independant miners, we won't protect it again and it will be left to die by the law of the free market, in a fair way.

sonysasankan
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March 29, 2014, 05:39:27 PM
 #12

Well... technically crypto universe is a free market and they are free to do as they please with their rigs. You cannot use the 51% attack as any sort of "fairness" judgement. The reason they could do 51% is not because of the otherworldly hashpower they posses. Its because the shitcoin was not convincing enough for a miner to switch his current coin to yours. It brought nothing to the table and there was no inventive to mine the shit.

Quote
I came to cryptos because I wanted to use my reason and logic to control my own economy.

The fuck does that even mean? What is a "my economy"?



Quote
protect the coins that are at risk of 51% attack by offsetting Operation Shitcoin Cleanup mining power

Why "protect"? Isn't it in the nature of free market to eradicate the useless unproductive ones? Don't you think you are being a bit hypocritical by playing the role of a "government" by subsidizing value to these shitcoins (like welfare for the shitcoin devs), thereby multiplying them? Its a well documented fact.... that which you subsidize, multiplies.

You are looking to cure the symptom, while they are trying to cure the disease.


Quote
The best way to help is being active in this thread and fighting Operation Shitcoin Cleanup in any way you can, but you may also donate to this address: 1BDaUDasqJVWShMqL7qckY8XpHxCsSURzX
All funds received will be used to build hashpower for the protection of threatened coins.

LOL.... I too need hash power. Send money money money to 18quigms214LHmEq8s2XuCSAWHKRbhq8n2 as well.... you know... for the good fight  Roll Eyes

Pinkcoin Donations Address ---> PINK: PB9TmJXZTqzLroz9cLzCQe2cNWzEwJeq5g | BTC: 14Yxxxxko19qtLi3k2yvtWQ54vSQg2mLjB <---
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lynn_402
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March 29, 2014, 05:41:05 PM
 #13


Even if they have not been committing extortion, the damage they are doing to coin values (and thus having a real-world financial impact that is hurting people) makes them criminals in my book, and I wouldn't mind seeing them arrested in real life. Or if anyone can expose their identity, other forms of pressure might reasonably be applied.


That's were we come in. To make their criminal activities attempt unsuccessful, until they give up.

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March 29, 2014, 05:45:44 PM
 #14

Protect mister PENG please!!!

lynn_402
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March 29, 2014, 05:46:21 PM
 #15

Well... technically crypto universe is a free market and they are free to do as they please with their rigs. You cannot use the 51% attack as any sort of "fairness" judgement. The reason they could do 51% is not because of the otherworldly hashpower they posses. Its because the shitcoin was not convincing enough for a miner to switch his current coin to yours. It brought nothing to the table and there was no inventive to mine the shit.
They attack new coins which have not gathered enough interest from miners, but who might in the future. I understand it might seem counter-intuitive to say we fight for protecting the free market, but the goal here is only to counterbalance their negative effect. If a coin fail to gather sufficient interest from miners after we protected it, then it's alright for it to dissapear.


Quote
I came to cryptos because I wanted to use my reason and logic to control my own economy.

Quote
The fuck does that even mean? What is a "my economy"?

I meant being able to control my money, and being able to put it in places that are not regulated in any way, especially not by crypto-thugs.



Quote
protect the coins that are at risk of 51% attack by offsetting Operation Shitcoin Cleanup mining power

Quote
Why "protect"? Isn't it in the nature of free market to eradicate the useless unproductive ones? Don't you think you are being a bit hypocritical by playing the role of a "government" by subsidizing value to these shitcoins (like welfare for the shitcoin devs), thereby multiplying them? Its a well documented fact.... that which you subsidize, multiplies.

You are looking to cure the symptom, while they are trying to cure the disease.

I believe the beginning of this post answers this


lynn_402
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March 29, 2014, 05:47:42 PM
 #16

Protect mister PENG please!!!

Why? Reasons and proofs must be used when deciding which coin is being racketted.

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March 29, 2014, 05:53:43 PM
 #17

Thank god Scrypt asics are coming out I can't wait to see all these shitty copy paste coins get 51% and die.

Bitcoin and Litecoin hodler
lynn_402
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March 29, 2014, 05:58:51 PM
 #18

Thank god Scrypt asics are coming out I can't wait to see all these shitty copy paste coins get 51% and die.

Why would you want that? Because they make people put less money in Litecoin?

lynn_402
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March 29, 2014, 06:05:56 PM
 #19

Edited out the donation adress from the OP, since it lowered credibility in this project.

sonysasankan
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March 29, 2014, 06:23:01 PM
 #20

Quote
They attack new coins which have not gathered enough interest from miners, but who might in the future.

Well.... that's where the logic fails. You see, unlike tangible stuff like food, movies, that provide satisfactions, that in turn leads to recommendations, which needs time to play out, Crypto Mining on the other hand is not a "fun" activity as such. The only fun part is in speculation and earning a profit by selling it to people who think they can sell it to other for higher. So obviously the people who get in early will be able to sell it to people who want to sell it higher, etc. Imagine a hundred of these, and the search for the greater fool is taken on to new heights, and the value of the original cryptos gets diluted, because the BTC is all pulled out these long holding coins and sold got the quickest deal they can get, to catch the shitcoin train going up.

I really have no clue why someone would want to mine a shitcoin in the future if they did not in the present. Unless there is something inherently unique in the coin, the value will only go downhill. It has to serve a purpose... be a means to an end sorts. If its just a clone with a new logo and name, and you expect it to rise in value without affecting the original coin, there must be something wrong with your understanding of economics.

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