deleted

[crazy_rabbit]

So is this possible? And if so what will happen to the ltc block chain?

Sure it's possible, it's only between 400-600 gpus required. And thats not impossible to get ahold of. What will happen? People won't trust it anymore so they will sell and abandon it. Thats what will happen.

[Tittiez]

51%ing is not a challenge. It's undermining the safety of the network. Cryptocurrencies have enough trouble catching on as it is, and here comes an asshole who has nothing better to do than to challenge to fuck it up. In cyrptocircles this is a serious crime. It's the ultimate crime. Scammer tag should be applied just for this statement.Of course I hope you fail and lose tons of money.

Not too familiar with my success rates on hitting alt chains are you?

I would be a scammer if I made a promise and didn't deliver, I will.

Sadly I actually protected LTC in the early days with a huge amount of hash power to fend off 51% attacks by the Solidcoin crew. Over the course of the last year I've bought a couple thousand BTC of LTC to bump it up ahead of SC and keep prices stable.

But hey, looks like the LTC community needs an attitude adjustment.

~BCX~

What happened over in btc-e that set you off? I've been trying to keep the peace for days

[SuperTramp]

So is this possible? And if so what will happen to the ltc block chain?

It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time.

The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event.

That said I doubt it would be worth it even if there are enough funds.

Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested
interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued.

[coblee]

@Coblee


This isn't personal at all but your fellow miners over at BTC-E are taking on some serious Solidcoin type attitudes.

The challenge has a been made and apparently support over there was with them on it, in making a challenge that I couldn't 51% LTC.

Nothing like that to give me reason to resurrect some serious GPU hashpower, build up some EC2's (keep in mind even Coinhunter verfied I had over 700 EC2's running at the SC2 launch), connect up with some botnetter friends and bring some BTC out of USB deep freeze for fees... LOL....

This is fair warning to all.

Challenge accepted.

~BCX~

Seriously? Most of the guys chatting on BTC-E have been in Cryto like a week, tops. They are kids mouthing off asking questions like, "Can I get BFL ASIC to mine LTC?" or other such nonsense. Although it once was a good place to talk about the market, it's recently been inundated with a bunch of amateurs whining about how they can't get rich off of .002 BTC.

I understand you're angry but there are a lot of us in LTC that aren't the whinny bitches from the BTC-E chatroom who are working hard at LTC and trying to make something valuable. Don't let a buch of jerks push you over the edge, because really the same kids who are pissing you off, don't have anything to lose by the destruction of LTC. You 51% it, they'll lose their $1 shrug their shoulders and go outside to play in the backyard.

I think if you have that much GPU power it would be a more effective to add to the network, blow the difficulty through the roof and kick all the kids out. That way you have the best of both worlds- you screw the noobs from the chatroom by making it impossible for them to mine on their Asus EEE PC's, you support a real project that people really do care about (you say it's not personal at Coblee, but then why destroy something he, and many others, have worked so hard on?) and you can then mine a crapload of coins, dump them on the market, crash the price and walk away with a little treasure chest of BTC. It's really the best of all worlds, you'll screw the difficulty, crash the price, f*ck the noobs, prove that you have access to the power, and you don't have to destroy all our hard work all in one go.
Please?

+1

BCX, those "fellow miners" on BTC-e are probably SC cultists trying to rile you up. I'm surprised you let them get to you. If you are really going to attack Litecoin because of that, then I will lose all respect for you. You did help me fend off some attacks when Litecoin launched. IIRC, you told me that you thought Litecoin was a fair currency and you didn't want to see it destroyed by those SC scumbags. Has that changed? Why would you try to destroy something you helped protect early on?

But whatever. Do what you feel like you must do. If you didn't do it, someone else might come along and try it. At least you gave us fair warning.

[ElectricMucus]

So is this possible? And if so what will happen to the ltc block chain?

It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time.

The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event.

That said I doubt it would be worth it even if there are enough funds.

Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested
interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued.

You are right.

On a metalevel yes. If it is profitable to bring down alternate blockchains using attack BTC could remain the only cryptocurrency of its kind.

[Tittiez]

Well I guess the last thing we have to do is switch to solo/private pools and hope for the best.

[smoothie]

So is this possible? And if so what will happen to the ltc block chain?

It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time.

The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event.

That said I doubt it would be worth it even if there are enough funds.

Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested
interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued.

Not one person, I'll have to coordinate a few things with others. Coordination is my strength as well as having some pretty deep resources myself.

~BCX~

i.e. luke-jr

[disclaimer201]

So is this possible? And if so what will happen to the ltc block chain?

It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time.

The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event.

That said I doubt it would be worth it even if there are enough funds.

Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested
interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued.

You are right.

On a metalevel yes. If it is profitable to bring down alternate blockchains using attack BTC could remain the only cryptocurrency of its kind.

Luckily, BTC is convertible into fiat, too and can be left alone if one is bored of it. No 51% attack necessary.

[ElectricMucus]

... having some pretty deep resources myself.

Unless you come up with some sort of business model to profit from it you wouldn't have them afterwards.

[i_rape_bitcoins]

@Coblee


This isn't personal at all but your fellow miners over at BTC-E are taking on some serious Solidcoin type attitudes.

The challenge has a been made and apparently support over there was with them on it, in making a challenge that I couldn't 51% LTC.

Nothing like that to give me reason to resurrect some serious GPU hashpower, build up some EC2's (keep in mind even Coinhunter verfied I had over 700 EC2's running at the SC2 launch), connect up with some botnetter friends and bring some BTC out of USB deep freeze for fees... LOL....

This is fair warning to all.

Challenge accepted.

~BCX~

Seriously? Most of the guys chatting on BTC-E have been in Cryto like a week, tops. They are kids mouthing off asking questions like, "Can I get BFL ASIC to mine LTC?" or other such nonsense. Although it once was a good place to talk about the market, it's recently been inundated with a bunch of amateurs whining about how they can't get rich off of .002 BTC.

I understand you're angry but there are a lot of us in LTC that aren't the whinny bitches from the BTC-E chatroom who are working hard at LTC and trying to make something valuable. Don't let a buch of jerks push you over the edge, because really the same kids who are pissing you off, don't have anything to lose by the destruction of LTC. You 51% it, they'll lose their $1 shrug their shoulders and go outside to play in the backyard.

I think if you have that much GPU power it would be a more effective to add to the network, blow the difficulty through the roof and kick all the kids out. That way you have the best of both worlds- you screw the noobs from the chatroom by making it impossible for them to mine on their Asus EEE PC's, you support a real project that people really do care about (you say it's not personal at Coblee, but then why destroy something he, and many others, have worked so hard on?) and you can then mine a crapload of coins, dump them on the market, crash the price and walk away with a little treasure chest of BTC. It's really the best of all worlds, you'll screw the difficulty, crash the price, f*ck the noobs, prove that you have access to the power, and you don't have to destroy all our hard work all in one go.
Please?

+1

BCX, those "fellow miners" on BTC-e are probably SC cultists trying to rile you up. I'm surprised you let them get to you. If you are really going to attack Litecoin because of that, then I will lose all respect for you. You did help me fend off some attacks when Litecoin launched. IIRC, you told me that you thought Litecoin was a fair currency and you didn't want to see it destroyed by those SC scumbags. Has that changed? Why would you try to destroy something you helped protect early on?

But whatever. Do what you feel like you must do. If you didn't do it, someone else might come along and try it. At least you gave us fair warning.

You clearly haven't been following the BTC-E chat. You go state one thing about SolidCoin, then they show their hatred towards it.

The "attitude" is typical teenage behavior. Since most of the Litecoin demographic are mostly teens (who didn't catch the Bitcoin train), you can expect the attitude. Also, its not a good idea to let teenagers run your Litecoin economy.

It's Bitcoin-website-cracking amateur hour all over again.

[crazy_rabbit]

... having some pretty deep resources myself.

Unless you come up with some sort of business model to profit from it you wouldn't have them afterwards.

Deep resources can be quite deep. There are lots of people out there with more resources then the market cap of BTC, FYI.

[ElectricMucus]

... having some pretty deep resources myself.

Unless you come up with some sort of business model to profit from it you wouldn't have them afterwards.

Deep resources can be quite deep. There are lots of people out there with more resources then the market cap of BTC, FYI.

Yeah but that's not the point.

[Graet]

wow what a fucking hero "someone in a shoutbox pissed me off, so now I am going out of my way to fuck over peoples good work"

some "community" we have.....

[Starlightbreaker]

So is this possible? And if so what will happen to the ltc block chain?

It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time.

The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event.

That said I doubt it would be worth it even if there are enough funds.

Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested
interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued.

Not one person, I'll have to coordinate a few things with others. Coordination is my strength as well as having some pretty deep resources myself.

~BCX~

woman, you is crazy.

lol.

[i_rape_bitcoins]

wow what a fucking hero "someone in a shoutbox pissed me off, so now I am going out of my way to fuck over peoples good work"

some "community" we have.....

Yeah, funny how his shenanigans don't work on Bitcoin. I wonder why...

[coblee]

So is this possible? And if so what will happen to the ltc block chain?

Sure it's possible, it's only between 400-600 gpus required. And thats not impossible to get ahold of. What will happen? People won't trust it anymore so they will sell and abandon it. Thats what will happen.

Yes, it's possible. Not even bitcoin is immune from 51% attacks. Though with bitcoin it's much harder, but then someone with an ASIC can attack it if they wanted to. Satoshi did say that people would not try to 51% bitcoin, because if they had that much hash power, they would earn more money by mining it normally than by attacking it. This is true with Litecoin right now. If BCX used his hashpower to mine Litecoin, he would make more money than to try to do a double spend with a 51% attack.

If BCX is just going to fork the chain for 24 hours. Then what would happen is that all transactions within that 24 hours period would be reverted. And those transactions will then be replayed on the new forked chain if they are still applicable. If they cannot be replayed, then a double spend will happen. (Reminds me when I did a "git rebase" on the litecoin code just a few days ago and ran into a ton of merge conflicts.) Normally, only the attacker would be able to double spend his coins. Since no one else is aware of the attack and would be able to muck with his transactions to double spend them. But the double spend by the attacker will have ripple effects that would potentially invalidate a lot of other transactions.

[disclaimer201]

wow what a fucking hero "someone in a shoutbox pissed me off, so now I am going out of my way to fuck over peoples good work"

some "community" we have.....

Yeah, funny how his shenanigans don't work on Bitcoin. I wonder why...

I have way too many BTC and have been mining BTC since August of 2010, that's why.

I knew it must be an early adopter behind this. But it's one who's unfortunately fucked up in the head. BTC and LTC are in trouble.

[i_rape_bitcoins]

wow what a fucking hero "someone in a shoutbox pissed me off, so now I am going out of my way to fuck over peoples good work"

some "community" we have.....

Yeah, funny how his shenanigans don't work on Bitcoin. I wonder why...

I have way too many BTC and have been mining BTC since August of 2010, that's why.

You must have made your parents proud. You didn't have to become a doctor to bring in big bucks.

[ElectricMucus]

August 2010 is not early enough to finance this endeavor. Even I found out about BTC at the time, to bad I didn't think much of it back then....

The point is: difficulty was already significant.

[i_rape_bitcoins]

So is this possible? And if so what will happen to the ltc block chain?

Sure it's possible, it's only between 400-600 gpus required. And thats not impossible to get ahold of. What will happen? People won't trust it anymore so they will sell and abandon it. Thats what will happen.

Yes, it's possible. Not even bitcoin is immune from 51% attacks. Though with bitcoin it's much harder, but then someone with an ASIC can attack it if they wanted to. Satoshi did say that people would not try to 51% bitcoin, because if they had that much hash power, they would earn more money by mining it normally than by attacking it. This is true with Litecoin right now. If BCX used his hashpower to mine Litecoin, he would make more money than to try to do a double spend with a 51% attack.

If BCX is just going to fork the chain for 24 hours. Then what would happen is that all transactions within that 24 hours period would be reverted. And those transactions will then be replayed on the new forked chain if they are still applicable. If they cannot be replayed, then a double spend will happen. (Reminds me when I did a "git rebase" on the litecoin code just a few days ago and ran into a ton of merge conflicts.) Normally, only the attacker would be able to double spend his coins. Since no one else is aware of the attack and would be able to muck with his transactions to double spend them. But the double spend by the attacker will have ripple effects that would potentially invalidate a lot of other transactions.

I think Litecoin needs some 51% protection right now. Oh wait...