Cleanup: I'll attack some coins - I owned APEXcoin for 90 blocks

[Febo]

If you sink Bitcoin, you will hurt them all. So that is perfect choice.

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[Snail2]

If you sink Bitcoin, you will hurt them all. So that is perfect choice.

Well, I guess this isn't about sinking anything. More likely about making an example and then extort money from the rest .

[achimsmile]

Well, I guess this isn't about sinking claiming to sink anything. More likely about making claiming to make an example and then extort money from the rest .

FTFY

[Snail2]

Well, I guess this isn't about sinking claiming to sink anything. More likely about making claiming to make an example and then extort money from the rest .

FTFY

Probabaly you are right. Thanks for fixing it for me .

[HCLivess]

so.... nothing happened?

[djm34]

still hesitating to buy popcorn for this one...

I don't thing anything will happen at all...

[cynicSOB]

You will? why you didnt?

just testing the waters before I do

If you sink Bitcoin, you will hurt them all. So that is perfect choice.

I can't do that. My point is that most POS coins are insecure. And POW coins with low hashrate (most of them!) too. But BTC is safe.

6. do you think someone would pay to have me killed?
go!

If you are worried about such thing, how about
giving out your technique here so anyone can try and see
if it works.

That would be fair acceleration of coin evolution, not just
playing BCX Jr.

it's no secret and it's been discussed many times. But always some fanboys say that it's not possible, give some wrong arguments and then accuse you of FUD.
The idea for PPC-like POS coins is to make a parallel chain. Eventually you'll succeed in winning against the main chain.

Well, I guess this isn't about sinking anything. More likely about making an example and then extort money from the rest .

mmm... my business model would be more like "attack as a service" not extortion.

[YarkoL]

The idea for PPC-like POS coins is to make a parallel chain. Eventually you'll succeed in winning against the main chain.

Ok, so you're going to buy a loads of coins and then
grow a chain of your own. And once coin operators get a whiff of what you're doing,
they will resort to automated checkpoints and eliminate your fork.

I'm sure it's a nice hobby though.

[cynicSOB]

The idea for PPC-like POS coins is to make a parallel chain. Eventually you'll succeed in winning against the main chain.

Ok, so you're going to buy a loads of coins and then
grow a chain of your own. And once coin operators get a whiff of what you're doing,
they will resort to automated checkpoints and eliminate your fork.

I'm sure it's a nice hobby though.

if checkpoint frequency if faster than standard confirmation times then you don't have POS based consensus, you have centralized bs!

[djm34]

The idea for PPC-like POS coins is to make a parallel chain. Eventually you'll succeed in winning against the main chain.

Ok, so you're going to buy a loads of coins and then
grow a chain of your own. And once coin operators get a whiff of what you're doing,
they will resort to automated checkpoints and eliminate your fork.

I'm sure it's a nice hobby though.

I have been hearing about that sort of attack for months, but nobody tried so far (at least not publicly... which probably means it does not work...)

[YarkoL]

if checkpoint frequency if faster than standard confirmation times then you don't have POS based consensus, you have centralized bs!

Yea Peercoin-style PoS is that kind of thing. No argument there.

[cynicSOB]

Preliminary tests look primising but I still need about a week to accumulate age, so I may have spoken too soon.
But it will be worth it: owning a coin buying only 0,05% of the market cap.

[junglemouse]

If you sink Bitcoin, you will hurt them all. So that is perfect choice.

 

Yeah, just sink Bitcoin

 

[Daedelus]

I don't think anything will happen.

But, to be fair, you have to give some prior notice of the attack that is blockchain based (encrypted message in Nxt and then post the account password after the attack,  for example). Otherwise, you could just wait for any $40000 coin to dip 50% as say "Ha! That was me. I told you guys I could do it!" 


 

[Crestington]

C'mon now we haven't got all day, you've been yammering on about it for days now and no results.

[Oscilson]

Shall we wait for another two weeks?

[cynicSOB]

it's been more than 2 weeks.... but it's happening now.

Take a look at APEX. Block explorer here: https://chainz.cryptoid.info/apex/
Yes, I know it's a small coin, but hey! it's part of the blocknet!

[cynicSOB]

look at the block explorer right now, it will look something like this:

339891   8 minutes   2   69.48547752 APEX   0.0007   Proof of Stake
339890   8 minutes   2   108.7155838 APEX   0.0007   Proof of Stake
339889   9 minutes   2   26.14316426 APEX   0.0006   Proof of Stake
339888   9 minutes   2   102.59570214 APEX   0.0007   Proof of Stake
339887   12 minutes   2   249.74588112 APEX   0.0007   Proof of Stake
339886   13 minutes   2   16.32830821 APEX   0.0006   Proof of Stake
339885   13 minutes   2   346.00373128 APEX   0.0007   Proof of Stake
339884   14 minutes   2   1,026.52179475 APEX   0.0006   Proof of Stake

now wait for my chain to propagate...

[cynicSOB]

in particular this transaction:

Code:

{
   "txid": "d9a106bdb543f1bff6003d821e0c86544bfdfc9418eb7089eec910a26d16d1a8",
   "version": 1,
   "time": 1421349204,
   "locktime": 0,
   "vin": [
      {
         "txid": "7a910fd43c3846132c887606bfd75de6c277ebcc8b84df510383db9928920554",
         "vout": 1,
         "scriptSig": {
            "asm": "30450221008c94c52deedb133514fdf8e6eb4a33a358f7906d0cbe8326d9134e3cee33800402204fd6d77e7b6f71841cd50879a2eaa578bada834178749c1d8c9d6f022be940b501 03e411d562181297871f310601dfeaf3f7d6c167afcf90db1ca1e0bfc0121de565",
            "hex": "4830450221008c94c52deedb133514fdf8e6eb4a33a358f7906d0cbe8326d9134e3cee33800402204fd6d77e7b6f71841cd50879a2eaa578bada834178749c1d8c9d6f022be940b5012103e411d562181297871f310601dfeaf3f7d6c167afcf90db1ca1e0bfc0121de565"
         },
         "sequence": 4294967295
      },
      {
         "txid": "7a910fd43c3846132c887606bfd75de6c277ebcc8b84df510383db9928920554",
         "vout": 2,
         "scriptSig": {
            "asm": "304402205fb7a381a80879f12441f385c64c05da2286df639d216991fcce26644d7fbaca02202ac1d6a793edf8cc3e489cfec696baed667338d28c0881a00a49be65590ae2fc01 02b6a378583cadf126df9f67e43782e07d3945bdbf3f9a3da38772b13c9626f8a3",
            "hex": "47304402205fb7a381a80879f12441f385c64c05da2286df639d216991fcce26644d7fbaca02202ac1d6a793edf8cc3e489cfec696baed667338d28c0881a00a49be65590ae2fc012102b6a378583cadf126df9f67e43782e07d3945bdbf3f9a3da38772b13c9626f8a3"
         },
         "sequence": 4294967295
      },
.....

with more than 30 confirms will be reversed

[Daedelus]

Are you successfully gonna kill a dead coin?