[ANN][LIBERTYCOIN][XLB] v1.0.3.0 | X11 | 100% POS | No IPO | No Premine |

[Stenull]

These fudster are really very good.  They accumulate coins at low price create a gimmick/twitter to support the coin.  When the coins goes up they dump them.  Then create FUD again to buy low.  Then rinse and repeat.  They accumulate BTC in the process and expand their XLB holdings.  Very clever really.  This happens in every coin i get to know that interest them.
 

This ^

[EmilioMann]

And for those still thinking I am spreading FUD or hold coins :-

I mined 17,000 XLB over 2 x 4MH/s utilising 2 x R9 280X per rig.

Prior to that I mined 0.58 BTC from multipools - electricity costs £183, BTC value 3 weeks ago £155

So when I entered Libertycoin I was minus £28

I bought just under 31k XLB for 0.58 BTC ... 22,000 were bought for 1795, 9k for 2200 btween 02:13 and 03:15 on 12/5/14.

When I exited, I had (and still have) a grand total of 2.85 BTC.

"Such a big player.  Such Fudding, Such hiding, Such secrecy, Such suchness".

you're lying. You do not mined libertycoin.
The mining finished in just 5 days and you only came here after the IconicExpert appeared, after page 90 of this thread.
In his fud, you say things that anyone who has been here since day one, knows that is not true.

[Boomslang]

And for those still thinking I am spreading FUD or hold coins :-

I mined 17,000 XLB over 2 x 4MH/s utilising 2 x R9 280X per rig.

Prior to that I mined 0.58 BTC from multipools - electricity costs £183, BTC value 3 weeks ago £155

So when I entered Libertycoin I was minus £28

I bought just under 31k XLB for 0.58 BTC ... 22,000 were bought for 1795, 9k for 2200 btween 02:13 and 03:15 on 12/5/14.

When I exited, I had (and still have) a grand total of 2.85 BTC.

"Such a big player.  Such Fudding, Such hiding, Such secrecy, Such suchness".

you're lying. You do not mined libertycoin.
The mining finished in just 5 days and you only came here after the IconicExpert appeared, after page 90 of this thread.
In his fud, you say things that anyone who has been here since day one, knows that is not true.

Are you saying that it's impossible to mine coins because they were mined before I joined the forums?

My first post in this forum was May 20, 2014, 04:49:32 PM, 8 days after mining ended.

I mined at Hashfaster and got 100% of my coins from them, they did not scam me.

Your logic is non-existant.

You can't use a forum post date to derive a mining date - that's insane.

Once I had mined them, I joined the forums to get actively involved in trying to make a success.  

You are an idiot.

And I've already said I will upload my XLB wallet and the email address and passwords to Mintpal BITTREX and Poloniex.

I am being open and honest and you still persist in this.

[dominikf]

Is there news about the anon feature? It should be ready tomorrow no?

[ljm81]

Ooo i was gonna go but before I do I gotta say EmilioMann is bleeping epic, im a big blackcoin fan and you single handedly grabbed my attention to liberty coin by bagging that fraud. For years iv been a white hacker and have always use my skills for good and I get the feeling you follow the same set of morales which is so refreshing to see, i cant respect that enough!
You did get abit dark on his ass tho but im not judging with heat of the moment and all but something had to be done otherwise its a trend that will continue the more its got away with.. Good work my man that was a huge mile stone for the hole cryptocurrency world not just liberty.

[shogun47]

Multipool miners have been paid out about an hour ago!!

Join The Official Liberty multi-pool
we need more hash, since we would like to add LitecoinX (LTCX) as a coin to mine as well (its very profitible but diff is too high for our multipool right now!)

All you need to mine LIBERTY is a VALID Libertycoin wallet address!

You can join our site now at http://multipoolmining.com or when you are already familiar with multipoolmining you can go straight to the Libertycoin pages at http://xlb.multipoolmining.com

Some important figures:

• Mining with just your Libertycoin wallet address.
• Mining at low diff.
• Push LibertyCoin price even higher on exchanges.
• Mine always the most profitable coin around.
• Global Stats.
• Personal miner stats.
• Payments straight to your LibertyCoin wallet.

Multipoolmining.com gives you

• Solid cloud based servers on fast SSD discs.
• DDOS protection on website AND stratum servers (Layer 3, 4, and 7 Protection).
• Experienced devs.
• High tech node.js platform.
• IRC support channel: #multipoolmining
• Payouts at least every 48 hours, interval is relative long, but only to give the best trades for you!
• 2% fee, to cover trade & server costs.

Hope to see you around soon at http://multipoolmining.com

Your official LibertyCoin Multi-pool DEV team,

X11: stratum+tcp://stratum.multipoolmining.com:5555
Scrypt:  stratum+tcp://stratum.multipoolmining.com:4444

We now have a support forum as well:
https://bitcointalk.org/index.php?topic=632631
Please leave your questions (and compliments! ) here. We might miss them in this crowdy topic

Happy LIBERTY mining!

Maccie & Youngwebs

This is the best time to mine on the multipool. They mine coins that are SOLD on exchange and then they BUY the cheapest  Libertycoins available. That means you get way more coin for the same hash power. This coin will rise in value from what it is now. So get a lot of libertycoins for your mining hash power.

More miners are getting XLB. With the price so cheap the pool buys more coins for the ones sold and it results in fatter payout for the miners! If you hvent yet please point your hash at this pool. It was made just for us. It payed out real nice and fat yesterday and will again tomorrow! Support Libertycoin with your hash.

[lionhead666]

Multipool miners have been paid out about an hour ago!!

Join The Official Liberty multi-pool
we need more hash, since we would like to add LitecoinX (LTCX) as a coin to mine as well (its very profitible but diff is too high for our multipool right now!)

All you need to mine LIBERTY is a VALID Libertycoin wallet address!

You can join our site now at http://multipoolmining.com or when you are already familiar with multipoolmining you can go straight to the Libertycoin pages at http://xlb.multipoolmining.com

Some important figures:

• Mining with just your Libertycoin wallet address.
• Mining at low diff.
• Push LibertyCoin price even higher on exchanges.
• Mine always the most profitable coin around.
• Global Stats.
• Personal miner stats.
• Payments straight to your LibertyCoin wallet.

Multipoolmining.com gives you

• Solid cloud based servers on fast SSD discs.
• DDOS protection on website AND stratum servers (Layer 3, 4, and 7 Protection).
• Experienced devs.
• High tech node.js platform.
• IRC support channel: #multipoolmining
• Payouts at least every 48 hours, interval is relative long, but only to give the best trades for you!
• 2% fee, to cover trade & server costs.

Hope to see you around soon at http://multipoolmining.com

Your official LibertyCoin Multi-pool DEV team,

X11: stratum+tcp://stratum.multipoolmining.com:5555
Scrypt:  stratum+tcp://stratum.multipoolmining.com:4444

We now have a support forum as well:
https://bitcointalk.org/index.php?topic=632631
Please leave your questions (and compliments! ) here. We might miss them in this crowdy topic

Happy LIBERTY mining!

Maccie & Youngwebs

This is the best time to mine on the multipool. They mine coins that are SOLD on exchange and then they BUY the cheapest  Libertycoins available. That means you get way more coin for the same hash power. This coin will rise in value from what it is now. So get a lot of libertycoins for your mining hash power.

More miners are getting XLB. With the price so cheap the pool buys more coins for the ones sold and it results in fatter payout for the miners! If you hvent yet please point your hash at this pool. It was made just for us. It payed out real nice and fat yesterday and will again tomorrow! Support Libertycoin with your hash.

OK lets do it!

Pointing 7 MHs to this pool now 

[EmilioMann]

Ooo i was gonna go but before I do I gotta say EmilioMann is bleeping epic, im a big blackcoin fan and you single handedly grabbed my attention to liberty coin by bagging that fraud. For years iv been a white hacker and have always use my skills for good and I get the feeling you follow the same set of morales which is so refreshing to see, i cant respect that enough!
You did get abit dark on his ass tho but im not judging with heat of the moment and all but something had to be done otherwise its a trend that will continue the more its got away with.. Good work my man that was a huge mile stone for the hole cryptocurrency world not just liberty.

Thanks guy!

[Apostle4444]

Multipool miners have been paid out about an hour ago!!

Join The Official Liberty multi-pool
we need more hash, since we would like to add LitecoinX (LTCX) as a coin to mine as well (its very profitible but diff is too high for our multipool right now!)

All you need to mine LIBERTY is a VALID Libertycoin wallet address!

You can join our site now at http://multipoolmining.com or when you are already familiar with multipoolmining you can go straight to the Libertycoin pages at http://xlb.multipoolmining.com

Some important figures:

• Mining with just your Libertycoin wallet address.
• Mining at low diff.
• Push LibertyCoin price even higher on exchanges.
• Mine always the most profitable coin around.
• Global Stats.
• Personal miner stats.
• Payments straight to your LibertyCoin wallet.

Multipoolmining.com gives you

• Solid cloud based servers on fast SSD discs.
• DDOS protection on website AND stratum servers (Layer 3, 4, and 7 Protection).
• Experienced devs.
• High tech node.js platform.
• IRC support channel: #multipoolmining
• Payouts at least every 48 hours, interval is relative long, but only to give the best trades for you!
• 2% fee, to cover trade & server costs.

Hope to see you around soon at http://multipoolmining.com

Your official LibertyCoin Multi-pool DEV team,

X11: stratum+tcp://stratum.multipoolmining.com:5555
Scrypt:  stratum+tcp://stratum.multipoolmining.com:4444

We now have a support forum as well:
https://bitcointalk.org/index.php?topic=632631
Please leave your questions (and compliments! ) here. We might miss them in this crowdy topic

Happy LIBERTY mining!

Maccie & Youngwebs

How often does the pool payout ?

[acseric]

Is there news about the anon feature? It should be ready tomorrow no?

No, but no one here wants to hear that.  The anon feature is all smoke and mirrors, or a rehash of fedora technology that isnt decentralized.

Just so everyone knows, FUD is spreading false claims.  When the claims are true, it isnt FUD.

Boomslang doesnt want your coins, the daytraders do.  Buckle up, because until everyone gets fed up and leaves, you have a string of mini pumps and mini dumps ahead of you.  You can blame the people spreading facts all you want, but it doesnt make these facts FUD. 

[voisina]

I bought 86000 of these for around 11btc. I have no plans to sell them. I don't think people will give up on this coin. Reading these posts I see there are enough solid people involved to deal with whatever comes.

[acseric]

I bought 86000 of these for around 11btc. I have no plans to sell them. I don't think people will give up on this coin. Reading these posts I see there are enough solid people involved to deal with whatever comes.

At least you will be able to unload your coins on some of the other "believers" here once you realize the truth.

I will reiterate.  A coin needs BOTH a great developer with vision and a great community that believes.  This coin has a great community, and a poor developer.  A great community cannot overcome that.  They can only have false hope that they can.  False hope has been used throughout history to steal from the believers.

[moko666]

Is there news about the anon feature? It should be ready tomorrow no?

No, but no one here wants to hear that.  The anon feature is all smoke and mirrors, or a rehash of fedora technology that isnt decentralized.

Just so everyone knows, FUD is spreading false claims.  When the claims are true, it isnt FUD.

Boomslang doesnt want your coins, the daytraders do.  Buckle up, because until everyone gets fed up and leaves, you have a string of mini pumps and mini dumps ahead of you.  You can blame the people spreading facts all you want, but it doesnt make these facts FUD. 

As the dev said, Im sorry to tell you Darkcoin and x11coin are centralized solutions too. The only decentralized anon solutions are ring signatures but cannot be implemented in Bitcoin.

[acseric]

Is there news about the anon feature? It should be ready tomorrow no?

No, but no one here wants to hear that.  The anon feature is all smoke and mirrors, or a rehash of fedora technology that isnt decentralized.

Just so everyone knows, FUD is spreading false claims.  When the claims are true, it isnt FUD.

Boomslang doesnt want your coins, the daytraders do.  Buckle up, because until everyone gets fed up and leaves, you have a string of mini pumps and mini dumps ahead of you.  You can blame the people spreading facts all you want, but it doesnt make these facts FUD. 

As the dev said, Im sorry to tell you Darkcoin and x11coin are centralized solutions too. The only decentralized anon solutions are ring signatures but cannot be implemented in Bitcoin.

That is oversimplified.  The Darkcoin anon function is better than the one that is being implemented for liberty, but it is still too limited.  x11coin has a slew of technical problems - and they have been working on it for a while.  I am not sure when and if x11coin will get it fully working.

[Coinasaur]

You almost seem to have a point here.  Are you really criticizing LibertyCoin for the state of the alt-currency world?  Are you criticizing them because those with the most hash/ wealth can get the most coin?  What remedy would you suggest?  Communism? The greatest tragedy of the 20th century?  Regarding your poor daytrader comment, are you trying to justify your FUD?

I am not criticizing Libertycoin for the state of the alt-currency world.

It is simply one that I wanted to do really well and wanted to be involved with actively.

Because of what happened, I have spent some time assessing the state of cryptos - their birth, growth, evolution and current state.

I am pointing out that cryptos in general are ripe for exploitation and that the core of it is embedded in the original whitepaper by Satoshi.  

https://bitcoin.org/bitcoin.pdf


Section 6.

"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to
assemble more CPU power than all the honest nodes, he would have to choose between using it
to defraud people by stealing back his payments, or using it to generate new coins. He ought to
find it more profitable to play by the rules, such rules that favour him with more new coins than
everyone else combined, than to undermine the system and the validity of his own wealth."

This is why mining exists, why the solo miner started to mine in the first place, why they are at the receiving end of exploitation, why pool mining exists and why ASICs were created.

The extract from the whitepaper is often used to explain 51% attacks.

The implications are deeper than that and I will not explain any further.

But look again - what is Satoshi trying to achieve?  He is saying that it should pay more to be honest than to be a thief.

He also says "playing by the rules".  

Those rules no longer exist with ASICs and high-end hashers, because they were written at a time when hashing was done on CPUs.

One person, One vote no longer applies today.

Boomslang, your arguments can be made for ANY coin out there. Why focus on spreading negativity about XLB? I've read your last 10 posts or so and there is nothing constructive in them at all. It is only you posting negativity with no proof other than hearsay and opinions, very very broad opinions that apply to pretty much everything out there in the market. Get out of here with that crap please. We need positive posts, I know you say youre trying to protect people, but Even tho you say that, you are hurting all of us that hold XLB. Your FUD makes prices drop, and we all lose money. Your "advice" is counter-productive.

[shogun47]

Multipool miners have been paid out about an hour ago!!

Join The Official Liberty multi-pool
we need more hash, since we would like to add LitecoinX (LTCX) as a coin to mine as well (its very profitible but diff is too high for our multipool right now!)

All you need to mine LIBERTY is a VALID Libertycoin wallet address!

You can join our site now at http://multipoolmining.com or when you are already familiar with multipoolmining you can go straight to the Libertycoin pages at http://xlb.multipoolmining.com

Some important figures:

• Mining with just your Libertycoin wallet address.
• Mining at low diff.
• Push LibertyCoin price even higher on exchanges.
• Mine always the most profitable coin around.
• Global Stats.
• Personal miner stats.
• Payments straight to your LibertyCoin wallet.

Multipoolmining.com gives you

• Solid cloud based servers on fast SSD discs.
• DDOS protection on website AND stratum servers (Layer 3, 4, and 7 Protection).
• Experienced devs.
• High tech node.js platform.
• IRC support channel: #multipoolmining
• Payouts at least every 48 hours, interval is relative long, but only to give the best trades for you!
• 2% fee, to cover trade & server costs.

Hope to see you around soon at http://multipoolmining.com

Your official LibertyCoin Multi-pool DEV team,

X11: stratum+tcp://stratum.multipoolmining.com:5555
Scrypt:  stratum+tcp://stratum.multipoolmining.com:4444

We now have a support forum as well:
https://bitcointalk.org/index.php?topic=632631
Please leave your questions (and compliments! ) here. We might miss them in this crowdy topic

Happy LIBERTY mining!

Maccie & Youngwebs

This is the best time to mine on the multipool. They mine coins that are SOLD on exchange and then they BUY the cheapest  Libertycoins available. That means you get way more coin for the same hash power. This coin will rise in value from what it is now. So get a lot of libertycoins for your mining hash power.

More miners are getting XLB. With the price so cheap the pool buys more coins for the ones sold and it results in fatter payout for the miners! If you hvent yet please point your hash at this pool. It was made just for us. It payed out real nice and fat yesterday and will again tomorrow! Support Libertycoin with your hash.

OK lets do it!

Pointing 7 MHs to this pool now 

led. Everyone that likes Libertycoin should. This pool is ours for the very purpose of support out coin and getting some for our mining efforts!  Thank you for helping out.

[Boomslang]

You almost seem to have a point here.  Are you really criticizing LibertyCoin for the state of the alt-currency world?  Are you criticizing them because those with the most hash/ wealth can get the most coin?  What remedy would you suggest?  Communism? The greatest tragedy of the 20th century?  Regarding your poor daytrader comment, are you trying to justify your FUD?

I am not criticizing Libertycoin for the state of the alt-currency world.

It is simply one that I wanted to do really well and wanted to be involved with actively.

Because of what happened, I have spent some time assessing the state of cryptos - their birth, growth, evolution and current state.

I am pointing out that cryptos in general are ripe for exploitation and that the core of it is embedded in the original whitepaper by Satoshi.  

https://bitcoin.org/bitcoin.pdf


Section 6.

"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to
assemble more CPU power than all the honest nodes, he would have to choose between using it
to defraud people by stealing back his payments, or using it to generate new coins. He ought to
find it more profitable to play by the rules, such rules that favour him with more new coins than
everyone else combined, than to undermine the system and the validity of his own wealth."

This is why mining exists, why the solo miner started to mine in the first place, why they are at the receiving end of exploitation, why pool mining exists and why ASICs were created.

The extract from the whitepaper is often used to explain 51% attacks.

The implications are deeper than that and I will not explain any further.

But look again - what is Satoshi trying to achieve?  He is saying that it should pay more to be honest than to be a thief.

He also says "playing by the rules".  

Those rules no longer exist with ASICs and high-end hashers, because they were written at a time when hashing was done on CPUs.

One person, One vote no longer applies today.

Boomslang, your arguments can be made for ANY coin out there. Why focus on spreading negativity about XLB? I've read your last 10 posts or so and there is nothing constructive in them at all. It is only you posting negativity with no proof other than hearsay and opinions, very very broad opinions that apply to pretty much everything out there in the market. Get out of here with that crap please. We need positive posts, I know you say youre trying to protect people, but Even tho you say that, you are hurting all of us that hold XLB. Your FUD makes prices drop, and we all lose money. Your "advice" is counter-productive.

I've boldened and underlined the part of my post that you obviously missed.

My argument is that not that ANY one coin can be exploited, but that ALL coins can be exploited.  

It is built into the original Bitcoin protocol.

"That crap" you refer to is a fundamental flaw in ALL cryptos.  There is a bug in the Bitcoin methodology.

No amount of anonimity or new coins based on the protocol are safe, because the underlying mechanism is fundamentally flawed.

It is comparable to the Heartbleed bug, in some ways - because it has been there since inception and until it is fixed the exploits will continue.

Go look yourself, don't take my word for it.  Do your research.  Due diligance.

I am not singling out XLB.

The exploitation did not start until pool mining started and ASICs hit the market.

I am not saying that coin creators are deliberately exploiting miners - though some of them are - but that whenever a new coin is created based on the Bitcoin methodology, the new coin is open to exploitation from outsiders.  Not the devs who may very well have the best intentions.

[Coinasaur]

You almost seem to have a point here.  Are you really criticizing LibertyCoin for the state of the alt-currency world?  Are you criticizing them because those with the most hash/ wealth can get the most coin?  What remedy would you suggest?  Communism? The greatest tragedy of the 20th century?  Regarding your poor daytrader comment, are you trying to justify your FUD?

I am not criticizing Libertycoin for the state of the alt-currency world.

It is simply one that I wanted to do really well and wanted to be involved with actively.

Because of what happened, I have spent some time assessing the state of cryptos - their birth, growth, evolution and current state.

I am pointing out that cryptos in general are ripe for exploitation and that the core of it is embedded in the original whitepaper by Satoshi.  

https://bitcoin.org/bitcoin.pdf


Section 6.

"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to
assemble more CPU power than all the honest nodes, he would have to choose between using it
to defraud people by stealing back his payments, or using it to generate new coins. He ought to
find it more profitable to play by the rules, such rules that favour him with more new coins than
everyone else combined, than to undermine the system and the validity of his own wealth."

This is why mining exists, why the solo miner started to mine in the first place, why they are at the receiving end of exploitation, why pool mining exists and why ASICs were created.

The extract from the whitepaper is often used to explain 51% attacks.

The implications are deeper than that and I will not explain any further.

But look again - what is Satoshi trying to achieve?  He is saying that it should pay more to be honest than to be a thief.

He also says "playing by the rules".  

Those rules no longer exist with ASICs and high-end hashers, because they were written at a time when hashing was done on CPUs.

One person, One vote no longer applies today.

Boomslang, your arguments can be made for ANY coin out there. Why focus on spreading negativity about XLB? I've read your last 10 posts or so and there is nothing constructive in them at all. It is only you posting negativity with no proof other than hearsay and opinions, very very broad opinions that apply to pretty much everything out there in the market. Get out of here with that crap please. We need positive posts, I know you say youre trying to protect people, but Even tho you say that, you are hurting all of us that hold XLB. Your FUD makes prices drop, and we all lose money. Your "advice" is counter-productive.

I've boldened and underlined the part of my post that you obviously missed.

My argument is that not that ANY coin can be exploited, but that ALL coins can be exploited.  

It is built into the original Bitcoin protocol.

"That crap" you refer to is a fundamental flaw in ALL cryptos.  There is a bug in the Bitcoin methodology.

No amount of anonimity or new coins based on the protocol are safe, because the underlying mechanism is fundamentally flawed.

It is comparable to the Heartbleed bug, in some ways - because it has been there since inception and until it is fixed the exploits will continue.

Go look yourself, don't take my word for it.  Do your research.  Due diligance.

I am not singling out XLB.

The exploitation did not start until pool mining started and ASICs hit the market.

I am not saying that coin creators are deliberately exploiting miners - though some of them are - but that whenever a new coin is created based on the Bitcoin methodology, the new coin is open to exploitation from outsiders.  Not the devs who may very well have the best intentions.

thanks for reinforcing  my point. Go post in the altcoins section. Or perhaps take your "bug report" to the bitcoin thread. This thread is no place to discuss the flaws of altcoin tehcnology as a whole.

[Boomslang]

You almost seem to have a point here.  Are you really criticizing LibertyCoin for the state of the alt-currency world?  Are you criticizing them because those with the most hash/ wealth can get the most coin?  What remedy would you suggest?  Communism? The greatest tragedy of the 20th century?  Regarding your poor daytrader comment, are you trying to justify your FUD?

I am not criticizing Libertycoin for the state of the alt-currency world.

It is simply one that I wanted to do really well and wanted to be involved with actively.

Because of what happened, I have spent some time assessing the state of cryptos - their birth, growth, evolution and current state.

I am pointing out that cryptos in general are ripe for exploitation and that the core of it is embedded in the original whitepaper by Satoshi.  

https://bitcoin.org/bitcoin.pdf


Section 6.

"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to
assemble more CPU power than all the honest nodes, he would have to choose between using it
to defraud people by stealing back his payments, or using it to generate new coins. He ought to
find it more profitable to play by the rules, such rules that favour him with more new coins than
everyone else combined, than to undermine the system and the validity of his own wealth."

This is why mining exists, why the solo miner started to mine in the first place, why they are at the receiving end of exploitation, why pool mining exists and why ASICs were created.

The extract from the whitepaper is often used to explain 51% attacks.

The implications are deeper than that and I will not explain any further.

But look again - what is Satoshi trying to achieve?  He is saying that it should pay more to be honest than to be a thief.

He also says "playing by the rules".  

Those rules no longer exist with ASICs and high-end hashers, because they were written at a time when hashing was done on CPUs.

One person, One vote no longer applies today.

Boomslang, your arguments can be made for ANY coin out there. Why focus on spreading negativity about XLB? I've read your last 10 posts or so and there is nothing constructive in them at all. It is only you posting negativity with no proof other than hearsay and opinions, very very broad opinions that apply to pretty much everything out there in the market. Get out of here with that crap please. We need positive posts, I know you say youre trying to protect people, but Even tho you say that, you are hurting all of us that hold XLB. Your FUD makes prices drop, and we all lose money. Your "advice" is counter-productive.

I've boldened and underlined the part of my post that you obviously missed.

My argument is that not that ANY coin can be exploited, but that ALL coins can be exploited.  

It is built into the original Bitcoin protocol.

"That crap" you refer to is a fundamental flaw in ALL cryptos.  There is a bug in the Bitcoin methodology.

No amount of anonimity or new coins based on the protocol are safe, because the underlying mechanism is fundamentally flawed.

It is comparable to the Heartbleed bug, in some ways - because it has been there since inception and until it is fixed the exploits will continue.

Go look yourself, don't take my word for it.  Do your research.  Due diligance.

I am not singling out XLB.

The exploitation did not start until pool mining started and ASICs hit the market.

I am not saying that coin creators are deliberately exploiting miners - though some of them are - but that whenever a new coin is created based on the Bitcoin methodology, the new coin is open to exploitation from outsiders.  Not the devs who may very well have the best intentions.

thanks for reinforcing  my point. Go post in the altcoins section. This thread is no place to discuss the flaws of altcoin tehcnology as a whole.

... "one side can accuse the other of using FUD to obscure the issues."

[voisina]

You almost seem to have a point here.  Are you really criticizing LibertyCoin for the state of the alt-currency world?  Are you criticizing them because those with the most hash/ wealth can get the most coin?  What remedy would you suggest?  Communism? The greatest tragedy of the 20th century?  Regarding your poor daytrader comment, are you trying to justify your FUD?

I am not criticizing Libertycoin for the state of the alt-currency world.

It is simply one that I wanted to do really well and wanted to be involved with actively.

Because of what happened, I have spent some time assessing the state of cryptos - their birth, growth, evolution and current state.

I am pointing out that cryptos in general are ripe for exploitation and that the core of it is embedded in the original whitepaper by Satoshi.  

https://bitcoin.org/bitcoin.pdf


Section 6.

"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to
assemble more CPU power than all the honest nodes, he would have to choose between using it
to defraud people by stealing back his payments, or using it to generate new coins. He ought to
find it more profitable to play by the rules, such rules that favour him with more new coins than
everyone else combined, than to undermine the system and the validity of his own wealth."

This is why mining exists, why the solo miner started to mine in the first place, why they are at the receiving end of exploitation, why pool mining exists and why ASICs were created.

The extract from the whitepaper is often used to explain 51% attacks.

The implications are deeper than that and I will not explain any further.

But look again - what is Satoshi trying to achieve?  He is saying that it should pay more to be honest than to be a thief.

He also says "playing by the rules".  

Those rules no longer exist with ASICs and high-end hashers, because they were written at a time when hashing was done on CPUs.

One person, One vote no longer applies today.

Boomslang, your arguments can be made for ANY coin out there. Why focus on spreading negativity about XLB? I've read your last 10 posts or so and there is nothing constructive in them at all. It is only you posting negativity with no proof other than hearsay and opinions, very very broad opinions that apply to pretty much everything out there in the market. Get out of here with that crap please. We need positive posts, I know you say youre trying to protect people, but Even tho you say that, you are hurting all of us that hold XLB. Your FUD makes prices drop, and we all lose money. Your "advice" is counter-productive.

I've boldened and underlined the part of my post that you obviously missed.

My argument is that not that ANY coin can be exploited, but that ALL coins can be exploited.  

It is built into the original Bitcoin protocol.

"That crap" you refer to is a fundamental flaw in ALL cryptos.  There is a bug in the Bitcoin methodology.

No amount of anonimity or new coins based on the protocol are safe, because the underlying mechanism is fundamentally flawed.

It is comparable to the Heartbleed bug, in some ways - because it has been there since inception and until it is fixed the exploits will continue.

Go look yourself, don't take my word for it.  Do your research.  Due diligance.

I am not singling out XLB.

The exploitation did not start until pool mining started and ASICs hit the market.

I am not saying that coin creators are deliberately exploiting miners - though some of them are - but that whenever a new coin is created based on the Bitcoin methodology, the new coin is open to exploitation from outsiders.  Not the devs who may very well have the best intentions.

thanks for reinforcing  my point. Go post in the altcoins section. Or perhaps take your "bug report" to the bitcoin thread. This thread is no place to discuss the flaws of altcoin tehcnology as a whole.

+1
I'm starting to think bommslang is employed by central bankers