Tycho cheating every miners & soon destroy total bitcoin network completely.

[dishwara]

Hi,

[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.

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[happyland]

Please learn to spell.
Thank you.

[Nefario]

Please learn to spell.
Thank you.

English isn't his first language, have some manners.

[speeder]

Please learn to spell.
Thank you.

To me his english looked fine...


And I know many indians, and all of them write worse than Dishwara (that is indian too).

[Nefario]

Moving away from the grammar nazi's he makes some very valid points.

[Insti]

I think we need a "slander and conspiracy theories" subforum.

[Clarithium]

Sounds like someones mad that Tycho didn't reply to his PM.  Every industry has the "Big Guy on the Block".

Can't avoid it.

//EDIT: Also, your theories seem unfounded and are outright coming at Tycho.  Please, without EXACT PROOF, do not trash others so violently.

[Nefario]

Well the solution to this is quite simple, more miners that don't use deepbit.

Two miners have already started in the space of a week after listing on glbse.com, I can't see any reason why a dozen more couldn't do the exact same. And once they're up and running, just stay away from deepbit.

[BitLex]

English isn't his first language, have some manners.

dish should get some manners,
calling [Tycho] a cheater without any evidence is pretty rude.

why does it matter when he pays out?
he takes a risk by paying you for blocks that aren't mature yet and you pay him 3-10% to take that risk.
he shows ALL blocks found by his pool, so stating he NEVER , again i say NEVER showed which blocks, his pooled solved is simply untrue.

being mad or jealous at someone is no excuse for those manners.

[marcus_of_augustus]

[Tycho] publishes every block his pool solves. It is on his "Statistics" page. Click on the highlighted block you are interested in and it takes you to Block explorer ... the rest of what you say is unsubstantiated hyperbole.

https://deepbit.net/stats.php

I suggest you retract your slanderous rant.

[goatpig]

Is there really a market for minted coins? First time I hear about this.

[nixon]

dishwara's envy could be a little less loud. Anyway sounds more like "cold war" style paranoia. BFF

[Zibbo]

Is there really a market for minted coins? First time I hear about this.

I suspect not, but if there is, I too have some freshly minted blocks I would be willing to part with for $2000 (50*$40). Please PM me :-D

[titeuf_87]

I want to go in more details about one part of your post: why would people want to buy more for "new" bitcoins?

"Used" bitcoins have a transaction history that is publicly visible. But unless you know who is hiding behind the various addresses, you're not much with that information. Even if you know for instance every address used by MtGox, you can see that yes, someone did transfer bitcoins out of MtGox to another bitcoin address and you could force MtGox to reveal who that person is from payment details. But after that, you can't do much more: you can see money leaving from that address, but have no idea where: it could be to someone else, it could be to a shop to buy something, it even could be to another address owned by the same person.

Freshly generated bitcoins will have the same problem, except there are fewer of them so it's even worse: there are a lot of ways to get bitcoins in exchange of another currency. But with generated bitcoins, there are only a certain amount generated every hour. The chance of it being generated by a pool is relatively high, so it's just a matter of checking who the pool owners (there aren't that many) did transactions with to find out who holds those bitcoins now. And then you're stuck again like earlier as you don't know where they're going.

[speeder]

Although dishwara is sounding very paranoid what he writes is perfectly possible...

Also I noticed that deepbit has a 500 ghash variation those last days, some other people mentioned it before, but I did not paid attention because I did not knew what 500 ghash meant until I saw the bizarre variations in the bitcoinwatch graphics ie beside the obvious graph that goes up and down a lot, I noticed that refreshing bitcoinwatch pizza graph, deepbit sometimes is 25%, and sometimes is almost 50%, and this repeat for a while, suggesting that each time the 500 ghash thing fails to connect, reboot or whatever, deepbit loses half of its computing power, and that computing power is 25% of the network computing power, making me finally realize that the numbers on the graph are in ghash, thus the entire network is around 2000 to 3000 ghash, someone alone has 500 ghash means that this someone can do some serious stuff...

I dunno if that someone is Tycho though.

[Basiley]

he's mainly outraged by poll scale contribution/impact to complexity increase, i guess.
and correctly pointing that pool ensurance make its exploitable to cheat pool, IMO.
but in theory, pool manager cheating was possible as with anything else, manageable. but thats usual for anything - from banks/governments to stars. no warranties/refunds[words don't count. at all]. if you so paranoid - wait for glbse to write complete[with gui, without pythoon and other depndencies(including MS VC dll')]client and direct trading-transfer implementation and mine DIRECTLY to stock market -)
pool hardly destroy anything, but someone big hopes, maybe.

[goatpig]

Although dishwara is sounding very paranoid what he writes is perfectly possible...

Also I noticed that deepbit has a 500 ghash variation those last days, some other people mentioned it before, but I did not paid attention because I did not knew what 500 ghash meant until I saw the bizarre variations in the bitcoinwatch graphics ie beside the obvious graph that goes up and down a lot, I noticed that refreshing bitcoinwatch pizza graph, deepbit sometimes is 25%, and sometimes is almost 50%, and this repeat for a while, suggesting that each time the 500 ghash thing fails to connect, reboot or whatever, deepbit loses half of its computing power, and that computing power is 25% of the network computing power, making me finally realize that the numbers on the graph are in ghash, thus the entire network is around 2000 to 3000 ghash, someone alone has 500 ghash means that this someone can do some serious stuff...

I dunno if that someone is Tycho though.

That's doesn't work IMO. If Tycho really had 500 Gh/s and had buyers for "minted" coins, he could just as well solo, and it wouldn't change squat to his profit, besides the fact that people like me wouldn't be bitching at the size of his pool and give him a bad rap for that.

[vuce]

dishwara, thank you for this. I haven't had a good laugh in a long time.

[brocktice]

Several people I know on IRC have been selling freshly mined BTC at a small premium. There is a market for BTC with no transaction history.

[speeder]

Although dishwara is sounding very paranoid what he writes is perfectly possible...

Also I noticed that deepbit has a 500 ghash variation those last days, some other people mentioned it before, but I did not paid attention because I did not knew what 500 ghash meant until I saw the bizarre variations in the bitcoinwatch graphics ie beside the obvious graph that goes up and down a lot, I noticed that refreshing bitcoinwatch pizza graph, deepbit sometimes is 25%, and sometimes is almost 50%, and this repeat for a while, suggesting that each time the 500 ghash thing fails to connect, reboot or whatever, deepbit loses half of its computing power, and that computing power is 25% of the network computing power, making me finally realize that the numbers on the graph are in ghash, thus the entire network is around 2000 to 3000 ghash, someone alone has 500 ghash means that this someone can do some serious stuff...

I dunno if that someone is Tycho though.

That's doesn't work IMO. If Tycho really had 500 Gh/s and had buyers for "minted" coins, he could just as well solo, and it wouldn't change squat to his profit, besides the fact that people like me wouldn't be bitching at the size of his pool and give him a bad rap for that.

The fact that pool owners advertise the pool size, means that to miners it is a important stat (the bigger the pool, the most regular is the payouts), thus throwing your own ghash on it at least has some marketing value.