YarkoL
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September 23, 2014, 06:00:45 PM |
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Why not more common? TW takes significant resources to execute against a live chain or it will be simply discarded as insufficient difficulty. Most folks are less keen to exhaust resources in an attempt to destroy things than they are to create them, but it takes all kinds.
Of course BCX has been boasting that he can warp the chain with lot less than 51%. This assertion caused some debate at the time when Auroracoin was under threat. Some believe mere manipulation of timestamps makes it possible. I'm not really sure about this.
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“God does not play dice"
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bitcoin_bagholder
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September 23, 2014, 06:01:25 PM |
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But it isn't stealing, because those wallets never exist in the new chain. It is simply following the protocol. Now if he sells those coins (if possible but apparently not likely), the new owners are not going to agree to rollback of the block chain.
I assume this is common knowledge right? That is what TW attacks do correct?
That's one way it works. ArtForz introduced it as "A very profitable 51% attack". Though I don't know if it has been actually done in its full glory. Seems to me that it would be more common if it were that easy. I don't have the technical knowledge but isn't that how Luke-Jr was attacking and destroying alt chains back in the day?
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Bitmixer sucks
Bit-X sucks
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Bobsurplus
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Activity: 1008
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Making money since I was in the womb! @emc2whale
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September 23, 2014, 06:03:13 PM |
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Wow, in a few hours XMR will be worth nothing. All those bagholders are gonna cry today.
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aminorex
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Sine secretum non libertas
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September 23, 2014, 06:07:42 PM |
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Theymos came here and said the poster and BCX were the same, not that BCX was that guy. If you read more you find that the forum targeted an innocent guy. This is the crap no one needs. IIRC, Danny Maddox said BCX might be his wife's ex. You can't make this stuff up.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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YarkoL
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Activity: 996
Merit: 1013
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September 23, 2014, 06:07:43 PM |
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I don't have the technical knowledge but isn't that how Luke-Jr was attacking and destroying alt chains back in the day?
I think that was just a raw brute smashing of an altcoin using Eligius hashpower.
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“God does not play dice"
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Strigori
Jr. Member
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Activity: 45
Merit: 10
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September 23, 2014, 06:14:48 PM |
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Just hours from doom. Do you hold or dump?
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Bobsurplus
Legendary
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Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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September 23, 2014, 06:17:25 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though.
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Coolstoryteller
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September 23, 2014, 06:18:54 PM |
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Wow, in a few hours XMR will be worth nothing. All those bagholders are gonna cry today.
Taking advice from a shill like Bob is the worst thing anyone can do. MEW - Monero Economy Workgroup communication
This has been a busy day. The taskforce of crypto_zoidberg, AnonyMint, jl777 and some Monero developers and MEW members has diligently worked on the code and is implementing fixes to possible exploits that might give the attacker the upper hand. The code is evaluated so that we can say with certainty that no coinkiller exploit can be used against us, and this makes me thankful for the original coders of CryptoNote. It is too often forgotten that without this unique technology there would be no Monero that has taken the torch, determined to carry it beyond the current limits of cryptoworld.
Although I cannot personally evaluate all the work that has been done, I would like to thank everybody who have been working on the issue. There are many unique contributions that together make sure that we are able to withstand the attack. I feel that the situation is similar to the attack that we had to thwart only two weeks ago, as we now again stand united.
The MEW will be officially inaugurated tomorrow with 18 members. We will open the membership as soon as possible for everyone who is interested in contributing to Monero's success. The minimum membership fee will be set to 10 XMR to ensure that everybody has an opportunity to join. Our organization is minimal because the activities will be carried out by members themselves, in groups of their choosing. David Latapie serves as Members Executive, I have been selected to be the Operational Executive, and NewLiberty will be our Judge. For practical matters, you will have to contact David, and he will tell when we are ready to take new members.
The attack has served in tightening our ranks and we are now in front of several fundamental decisions. These will be discussed and voted upon by the community in MEW. In a way I even feel grateful that this opportunity to make things straight has fallen upon us. We now have more confidence on the code, and on the developers. The community is unified and I have been inundated with PM's offering help and support. From the quantity of troll posts one would believe that there is some general animosity towards Monero, but the PM's alone speak volumes about the support.
In the end, a coin's value is upheld by people who trust it and decide to own it. The people who do not trust it and do now own it, also do not have a say concerning the value. Monero will be developed for its users, not for the ones who do not use it. I believe the strengthening of the code and the community is very positive for Monero's future.
Keep up the good work. Crypto is all about putting new primitives under the most stress possible to test their limits. BCX's attack should be looked on as a positive contribution to the codebase, not a negative.
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dEBRUYNE
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Activity: 2268
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September 23, 2014, 06:19:20 PM |
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We need some insight on the new thread name
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argentinx
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September 23, 2014, 06:19:46 PM |
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Bobsurplus
MA VAFFANCULO HAI ROTTO I COGLIONI E VATTELO A TRADURRE PEZZO DI MERDA
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GreekBitcoin
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Activity: 1428
Merit: 1001
getmonero.org
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September 23, 2014, 06:20:06 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam.
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Oscilson
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September 23, 2014, 06:24:10 PM |
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Wow, in a few hours XMR will be worth nothing. All those bagholders are gonna cry today.
Please sell some to me.
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Coolstoryteller
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September 23, 2014, 06:25:06 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Exactly. So tired of trash traders using other threads to promote their scams. They don't contribute anything to crypto other than FUDpacking and shill posts.
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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September 23, 2014, 06:25:24 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Hey Malaka Pousti! STFU! You gonna be a bagholding crybaby in a few hours!
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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September 23, 2014, 06:26:14 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Exactly. So tired of trash traders using other threads to promote their scams. They don't contribute anything to crypto other than FUDpacking and shill posts. Shut the fuck up TroolsRoyce.. You are the biggest joke out here, well... you and pookie.
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Coolstoryteller
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September 23, 2014, 06:26:43 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Hey Malaka Pousti! STFU! You gonna be a bagholding crybaby in a few hours! People would rather baghold a coin with real devs behind it, than buy into one of your shitcoin pumps.
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illodin
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September 23, 2014, 06:28:24 PM |
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Theymos came here and said the poster and BCX were the same, not that BCX was that guy. If you read more you find that the forum targeted an innocent guy. This is the crap no one needs. I did read more but didn't find that. But I read that you are BCX as well though.
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Coolstoryteller
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September 23, 2014, 06:28:28 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Exactly. So tired of trash traders using other threads to promote their scams. They don't contribute anything to crypto other than FUDpacking and shill posts. Shut the fuck up TroolsRoyce.. You are the biggest joke out here, well... you and pookie. The only joke around here is you. I think everyone on bitcointalk knows that by now, you have zero knowledge about anything crypto related. You posts are akin to "to da moon" - BTW does everyone here know that your business was reported for scamming?
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illodin
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September 23, 2014, 06:30:15 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Exactly. So tired of trash traders using other threads to promote their scams. They don't contribute anything to crypto other than FUDpacking and shill posts. Shut the fuck up TroolsRoyce.. You are the biggest joke out here, well... you and pookie. The only joke around here is you. I think everyone on bitcointalk knows that by now, you have zero knowledge about anything crypto related. You posts are akin to "to da moon" - BTW does everyone here know that your business was reporting for scamming? But he has a "tech guy" who we all look up to giving him advice. I just hope he's not the same guy who adviced him on cloak.
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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September 23, 2014, 06:31:12 PM |
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Just hours from doom. Do you hold or dump? At least if you dump you'll still have some btc.. If you dont and doom comes those XMR coins will be worth zero! It's an easy play for most..... Sadly the sheep will lose the most though. Nobody cares about stealthcoin dude. At least if we lose our BTC it would be for a legit coin. Not p&d scam. Exactly. So tired of trash traders using other threads to promote their scams. They don't contribute anything to crypto other than FUDpacking and shill posts. Shut the fuck up TroolsRoyce.. You are the biggest joke out here, well... you and pookie. The only joke around here is you. I think everyone on bitcointalk knows that by now, you have zero knowledge about anything crypto related. You posts are akin to "to da moon" - BTW does everyone here know that your business was reporting for scamming? I dont hide you little bitch.. If they know, then they know. Being reported for something though is not a conviction... You in the mean time are joked about behind your back by over 30 people I know almost daily. You really are the laughing stock... Hey... Why dont you come talk your shit to my face.... You're a big ballar..... AltCoinPros is having its first ever meet-up next month in amsterdam... Why dont you catch a flight and come say hi!
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