Topic: $1500+ bounty for litecoin 51% attack - page 6. (Read 14231 times)

$20,000? Have you ever had a botnet? Do you know how much one infected computer costs, especially when spending $500?

If you're spending $500 on installs, it's $0.005 per install. Each will probably get 3-5 kH/s assuming that they're shitty.

$500 is 100,000 installs, yes, 100,000 infected computers to mine for you, getting you the speed of 300,000 - 500,000 kH/s on the whole muthafucking network!

I'm sure $500-$700 of installs could practically destroy LTC, but, who actually has such an amount has an amount? No one.

Right now it'd cost somewhere around $20,000 to buy a botnet capable of performing 51% attacks against the Litecoin network.

However, you could make $200,000 from ripping off BTC-E's LTC/BTC buy orders alone.

I highly doubt this money is going to be raised.

hmmm..... it looks like what OP was trying to say was:

^ That's highly debatable. You assume the perceived *mathematical difficulty* of the algorithm dictates the security. There's much to be said for the 'security through obscurity' argument with cryptology.  Not only that, what hardware the algorithm utilizes to produce the result is also equally important.
Disregard the pure difficulty as we think of it. Scrypt is perfectly 'difficult' enough and no government currently controls millions of dollars of Scrypt ASICs like they do for sha.  

 
OP (whatever the hell your name is...not important):

I must seriously question your ability to comprehend how a blockchain functions. Also, you seem to have just found cryptocurrency in general...

At this moment, LTC is by far the hardest to destructively fork. Unfortunately, your gullibility and highly limited capacity for logical analysis has led you to believe that the current btc sha256 hashrate is even all that secure against 51%...Luckily, the US gov. doesn't really give a shit. They love sha though...That's for damn sure.

Also, LTC has several active devs. Just because no one tells you what's going on does not mean it is not happening. Bitcoin just forked, mainly due to the attempted increase in blocksize. I guess you haven't asked yourself what the point of .8 was....Looks like LTC should stay several months behind integrating the 'official' client updates just for safety. Of course, since LTC can handle more transactions in a given period of time, .8 isn't nearly as important for LTC as it is for BTC.

BCX helped with LTC dev. a bit afaik and then started the '51% attack' noise to scare people.

I'm not going to bother addressing every single point, because you made them up or pulled them from similarly uninformed sources.



So...No, I'm afraid your USD dust isn't going to get LTC forked, kid. Also, I suggest educating yourself before you make so many ignorant statements in such a short period of time.



*WAIT*

Did this kid actually say 'shut down the ltc network for at least 4 hours with a 51%'?

Damn, he really doesn't have a clue, does he?  "knowledgeable" + "My time is valuable".......

First of all, Litecoin is less secure than Bitcoin, but stills secure.

Second: And when Bitcoin was launched it started with a bank, a pizzaria and maybe 3 sex shops accepting Bitcoin yeah?
First needs to existe the currency, then the market will come.

Coblee is a active member, and Litecoin has no complaints actually, so no need to update.

My favourite kind. The invisible kind 

You do realize the joke is whoever got 51% of the hashing power would probably shit 500$ in his sleep right?

I'll do it, but you have to pay me ahead of time so I can my shit ready :trlf:

Makes sense. My bad Mr. Nakamoto!

It's Satoshi

Mods can you ban this douchehat do you guys not have an anti-fucktard clause? xD

This has to be a troll account.

I pledge another negative $500, so when anyone does this they will owe me money.

2,755,067kH/s
it's 3649 7970 card
with speed 755kH/s

I will pledge negative $500 to this noble cause. So now the total bounty is $0. Any takers?

*silence, occasional cricket chirping*



Bush says "boo-yah".

Probably some of both. 

Com'on guys...

Or 780 LTC!

Wow! A whole $500?!?!?!?