[Tycho] is cheating every member in bitcoin forum & he is trying to bring down Bitcoin completly & even make bitcoin useless & has no value.
Before this happens, members have to save bitcoin by not going DEEP.
Bitcoin already reached world wide. So after bitcoin known to whole world, if it goes down, it will actually won't allow any decentralised e-currency which will come here after. Because people will always forced & remainded by govermnets & banks repeatedly by showing the fall of bitcoin & that will make people never to even try/trust if another/new decentralised currency comes because of the fear that, like bitcoin, new ones also will go down one day making all the money they spent in to waste & it made some one got richer by cheating.
Same like ponzhi scheme.
Why i particulary target at [Tycho] & says he is cheating.
Pleanty of reasons there.
The very first reason is , the first pool started is by slush & he still pays bitcoin genereated by his pool after 100 confirmations (before it was 120). All other new pools their also gives the coins to miners after some confirmation only, mostly 120, which takes time. BTCmine, Bitcoinpool, Eligus,..... except one pool bitpenny, which shutdown already. Bitpeeny gave instant payout.
Tycho, from the day he started pool, he started giving instant payout, that is he pays , the next minute the block solves, with out waiting for confirmation & for that he took 3% fee.
Also, he implemented another model PPS, where each share has constant coins & miner gets it whether block is valid or not.
In all these one thing is missing, which many failed to see or didn't said in open/public.
bitcoin is open source, so everything MUST be public.
For past 2-3 days, i am forced to think about mint coins.
I thought, if i have 3-4 Ghash/s & mine solo & also got lucky then, i will GENERATE coins. that means all are new coins which never used. Instead of giving the coins to my share holders, i thought of selling the mint coins for higher price, ex; 1 mint coin = 3 btc, which will give me more profit, so i can give my share holders more dividend/profit.
But, with 244000+ difficulty, it is impossible for me to go solo.
Then only i got struck by the bitter truth, that bitcoin is actually going down & Tycho is the black sheep.
From the day tycho started the pool, he gives instant payment, whether it is proportional or pps.
If propotional, he takes 3% as fee & if PPS then 10%.
Many members are very happy, that it was the 2nd pool, started & running sucessfully after slush, so many joined the pool. But why should tycho give bitcoins with out even knowing the block is valid or not.
many including me thought, he is taking risk. But in reality, he is BACKED UP BY A BANKER.
The banker gave him money before he started his pool & he bought bitcoins with it & used that bitcoin is to give instant payout.
But, what happens next is killing bitcoins.
He NEVER , again i say NEVER showed which blocks, his pooled solved & how many blocks became invalid. Thats is, he pays miners money, instantly, so no one worried about the coins he got from the blocks which was solved by pool members.
Beleive me, he got/getting coins after 120 confirmation & selling it in black market for each coin more than 30-40 USD.
There are many people out their who wants to buy mint coins, because mint coins have not transferred before, so it wont come in to normal users that easily, that means it CANNOT BE TRACED, UNLESS THE BLOCK ADDRESS IS KNOWN. Since tycho never relieves block address those mint coins may have bought by illegal drug dealers, bankers & ALL WRONG doers.
What he got in return more fiat currencies, that helped him buy, not only bitcoins in circulation but hardware also.
just think about a simple example.
He mined 50 coins. Instead of giving it to members, he gives what in his balance.
Then he sells the 50 mint coins to some one who NEEDS it & he sells for around 3 times,if take, then he gets 150 bitcoins or even in worst case if he sells for 1 bitcoin 30 USD, then for 50 Mint coins, he gets 1500 USD.
Besides he also takes 3%, if proportional & 10% if PPS.
His pool size increases daily, while no other pools increasing that rapidlly.
From 500 Ghash/s to now 1000+ Ghash/s in less than 20 days.
While all other pools get attacked, Ddos.....every pool, slush, btcmine, bitcoinpool...
while his pool never so far attacked majorily.
Here after he will create fake attacks.
In my view, he already has hardware which can able to mine around 500-600 Ghash/s.
It is not pool members, it is Tycho's OWN hardware which he bought buy some backend.
I even suspect, he is the one actually ddosing other pools.
Also, many things their. If other pools got attacked miners change to his pool.
So, he may be attacking every pool, so that he has highest hash rate. that means no other pools, even they got back from attack will have very less hash rate. Coz many will stick to Tycho's & don't want to change.
That makes he gets more coins than any other pools.
Also he has defintely running predetermined scripts which randomly disables miners from mining in his pool. That makes, the miners won't get anything, thinking rpc error..., while Tycho's OWN miners will be mining continously, so again he gets coins.
He is the only pool which uses email address as not only user name , but also worker names.
You members remember a month ago, the http://freebitcoins.appspot.com/
got hacked with GMAIL accounts.
I have doubt, it was done by Tycho, not to take free coins, but to test his hardwares.
I also had a PM with him on about april's fool joke of mining with paypal address.
In that PM, i asked about mint coins & his extra payment, he never replied.
Due to his OWN hardware addition makes the difficulty increase at very high rate, which makes even small pool miners to close their pool.
So, even today , every member moves out of Tycho's pool, he will have at least 500+ Ghash.
He is waiting patiently by steadily increasing his pool size with his OWN hardware.
Once he knows his own hardware hash size is at least 20- 30 % more than total bitcoin members hash size in all pools, then he will attack, not in the name of Tycho, but Tycho, will be here as innocent as it looks & everyone will believe CIA or russians or banks attacked & collapsed bitcoin completly.
he will hit at right time, when no one can do anything.
I don't know, who he is backed by?
May be US or some other country or even bank or the worst paypal, coz bitcoin will affect everyones income which they get by cheating people.
So, before everything goes out of hand, remove black sheeps from bitcoin, so bitcoin rules the world decentrlized.