Topic: 51% attack on all altcoins since Feathercoin happening. - page 2. (Read 10953 times)
Should be easy to find. The blockchain isn't huge and 500k+ transactions should stick out.
Can anyone read the address that the coins were sent to in the OP? You can look that up on the blockchain to see if it's even legit. Watch you find out that he just used a memory editor or photoshopped it, lol.
Time for some people to wake up.
I do want to say that while I am a big supporter of crypto's and am heavily invested in both Bitcoin and Litecoin, this is not why I'm doing this. Not many seem to be catching on that almost all the latest alt-coins are being attacked, or are susceptible to a 51% attack - well here you go.
http://i40.tinypic.com/2potapi.jpg
For example Elacoin's blockchain has been longer than reported by the explorer for some time and no one has said a thing about it. Without closely following a real-time explorer, you have no idea what's going on.
It's unbelievable how money is being thrown into coins that can be so easily attacked. How can you feel safe investing in a coin (ie. Powercoin) that can be manipulated with less than 5 MH/s? If you were using GPU's to do this, you would need less than 8x 7950's. Lots of people have far more.
My personal advice is not to even think about investing in a coin with less than a 2-3 GH/s network hash rate. I myself get nearly 200 MH/s on a good day, and collectively with my mates we can achieve nearly 1 GH/s. I don't see any coins surviving unless everyone mining the latest alt-coins jump on one coin to secure it. I see exchanges making some changes!
Cheers.
P.S. Let's see how many devs actually create a checkpoint now.
I do want to say that while I am a big supporter of crypto's and am heavily invested in both Bitcoin and Litecoin, this is not why I'm doing this. Not many seem to be catching on that almost all the latest alt-coins are being attacked, or are susceptible to a 51% attack - well here you go.
http://i40.tinypic.com/2potapi.jpg
For example Elacoin's blockchain has been longer than reported by the explorer for some time and no one has said a thing about it. Without closely following a real-time explorer, you have no idea what's going on.
It's unbelievable how money is being thrown into coins that can be so easily attacked. How can you feel safe investing in a coin (ie. Powercoin) that can be manipulated with less than 5 MH/s? If you were using GPU's to do this, you would need less than 8x 7950's. Lots of people have far more.
My personal advice is not to even think about investing in a coin with less than a 2-3 GH/s network hash rate. I myself get nearly 200 MH/s on a good day, and collectively with my mates we can achieve nearly 1 GH/s. I don't see any coins surviving unless everyone mining the latest alt-coins jump on one coin to secure it. I see exchanges making some changes!
Cheers.
P.S. Let's see how many devs actually create a checkpoint now.
Nice post!
I openly invite you to try your best with DGC. 
Ok.
Want to sell PWC cheap!
DGC coming soon.
I don't know how all you can believe all this BS
.Any l00ser can make an account and say is going to destroy this and that. Don't you see his a kid without life.Hey kiddie ... go sing at another table with you BS ... You probably need someone to knock some of you teeth out, or you parents to pull your ears out.
I'm sure you will think twice about talking all this BS around here.
P.S. Go get a life and stop jerking off all night you are going to grow hair on your palms
Normally I would not even bother with a thread like this, but with dam near 5000 hits a day, how can CryptoCoin Explorer not been mentioned.
dgc.cryptocoinexplorer.com for digitalcoin
Just hit the home page to see what other explorers I have there. www.cryptocoinexplorer.com
Makes me wonder if all the effort to keep the site up and updated is worth it
dgc.cryptocoinexplorer.com for digitalcoin
Just hit the home page to see what other explorers I have there. www.cryptocoinexplorer.com
Makes me wonder if all the effort to keep the site up and updated is worth it
I openly invite you to try your best with DGC.
Ok.
Want to sell PWC cheap!
DGC coming soon.
If you cannot do this. Then you are only good in 51% a coin with 4mh/s. lol
Anyone with 3x 7950's right now can perform a 51% attack on Elacoin. Only 5x 7950's to kill Americancoin. This can be done by anyone.
Any exchange would be crazy to accept the liability of supporting these and most other alt-coins while risking the assets of traders.
I openly invite you to try your best with DGC.
Ok.
Want to sell PWC cheap!
DGC coming soon.
If you cannot do this. Then you are only good in 51% a coin with 4mh/s. lol
What is the best crypto now to invest?
I openly invite you to try your best with DGC.
Ok.
Want to sell PWC cheap!
DGC coming soon.
Why are you bringing Feathercoin up in this thread? FTC has nothing to do with 51% attacks..
I openly invite you to try your best with DGC.
The last checkpoint you added was 22 days ago and the majority of DigitalCoin's hashing power is on a couple of pools. What happens if someone DDoS's those pools? The answer is simple, say goodbye to the majority of your network and watch as DigitalCoin gets 51% attacked.
It is extremely irresponsible of you to challenge someone to attack your coin in this way. You may want to get off your high horse and update your source code with some new checkpoints and issue some new pre-compiled wallets now you've invited an attack.
It's important for bitcoin to learn from these alt-coin experiments.
They are basically just simulations of 51% attacks and watching how they respond to them and how that works out could prove important to Bitcoin's future.
They are basically just simulations of 51% attacks and watching how they respond to them and how that works out could prove important to Bitcoin's future.
Yeah, I view all these alt-coins as a type of testnet
It's important for bitcoin to learn from these alt-coin experiments.
They are basically just simulations of 51% attacks and watching how they respond to them and how that works out could prove important to Bitcoin's future.
They are basically just simulations of 51% attacks and watching how they respond to them and how that works out could prove important to Bitcoin's future.
Blockchain explorer is usually here
http://dgc.p2pool.nl/chain/Digitalcoin
But it doesnt work at the moment.
http://dgc.p2pool.nl/chain/Digitalcoin
But it doesnt work at the moment.
Here's a block explorer I just set up for Digitalcoin: http://dgc.webboise.com/chain/Digitalcoin
A coin crashed would be perfect.
It would make total sense for a foundation member or other Crypto expert to then take a stand on national media and clarify things.
Like this, for example:
"Yes, alternative coin projects have sprouted, but to create a cryptocurrency, you need calculating power. With Bitcoin, we have the total calculation power of a whole city of supercomputers. It is so strong, you just can't take it over. The problem with the new innovation currencies is that attackers have enough power to take them down in an instant. Innovation, as we all know, needs to take place. But at the current time if a new currency comes out, it might not survive an attack, something we HAVE to think about in the future. We have had this success with Bitcoin and Bitcoin by now, is completely secured, the costs of attacking this network are so tremendous,even the preisdent would have default on this one. We have to see the new currencies as experiments, and some experiments will tremendously fail. Unlike Bitcoin, that until now, has survived and thrived through all attacks it has taken."
You have to ride the wave. The main problem with decentralized systems is this: There is no marketing spokesperson. If there is one guy that you simply can't get rid of in the media, that is the guy people will listen to after some time. Companies have them. They are fun, but annoying media people. Spokespeople. Word Twisters. I'd love to see one for Bitcoin.
It would make total sense for a foundation member or other Crypto expert to then take a stand on national media and clarify things.
Like this, for example:
"Yes, alternative coin projects have sprouted, but to create a cryptocurrency, you need calculating power. With Bitcoin, we have the total calculation power of a whole city of supercomputers. It is so strong, you just can't take it over. The problem with the new innovation currencies is that attackers have enough power to take them down in an instant. Innovation, as we all know, needs to take place. But at the current time if a new currency comes out, it might not survive an attack, something we HAVE to think about in the future. We have had this success with Bitcoin and Bitcoin by now, is completely secured, the costs of attacking this network are so tremendous,even the preisdent would have default on this one. We have to see the new currencies as experiments, and some experiments will tremendously fail. Unlike Bitcoin, that until now, has survived and thrived through all attacks it has taken."
You have to ride the wave. The main problem with decentralized systems is this: There is no marketing spokesperson. If there is one guy that you simply can't get rid of in the media, that is the guy people will listen to after some time. Companies have them. They are fun, but annoying media people. Spokespeople. Word Twisters. I'd love to see one for Bitcoin.
Umm.. can you 51% GLD first so we can stop the 'Bitcoin Ranger' video series? If anything needs to be destroyed it's that.. and hell Microguy will probably pay you for the hashrate!
I just added up the hash rates of DGC pools to be 954 MH/s. Coinchoose.com is showing total network hashrate to be 719 MH/s.
This is a good indication that very few people are solo mining this, hence a simple DDoS of the pools would let someone with very little hashing power to 51% DGC very easily.
EDIT: Obviously the stats on pools aren't accurate - but an indication.
This is a good indication that very few people are solo mining this, hence a simple DDoS of the pools would let someone with very little hashing power to 51% DGC very easily.
EDIT: Obviously the stats on pools aren't accurate - but an indication.
I openly invite you to try your best with DGC.
Do you challenge me with the same?
~BCX~
Opened up all the war chests now lol
Sometimes 51% attacks are done sometimes just to wake up the Dev's if they think they are not making progress or fixing obvious mistakes.
I have looked at every single new coin, since yesterday and all I can say is that faster is not always better. 12 second Block time? I cannot see that working. Remember Liquidcoin with its fixed diff of 0.05, that didn't work as the diff did not change to match the hashrate, orphan central. 12 second Block time? Orphan Central.
With such a massive Alt-coin collection now, for the new ones released at least, there needs to be little in the way of a pre-mine, have a purpose, as in a reason to buy the coin, not just to trade it for another one and have something different to improve Crypto-Currency in some way.
Why don't the Dev's before they release the coin, have a website up and running, with a mining config guide already written for everyone to see and maybe a website that is ready to take that currency as payment for Good or Service's, then do the [ANN]. That would be such a fair coin to mine, as all the miners could have the configs ready to go ready for release.
If a new coin is released and it is not showing innovation or is different in some way and more of these stagnant coins keep getting released, I could imagine the community getting fed up and just killing those coin off, to maybe give some room for a coin that could make a difference in some way.
I have looked at every single new coin, since yesterday and all I can say is that faster is not always better. 12 second Block time? I cannot see that working. Remember Liquidcoin with its fixed diff of 0.05, that didn't work as the diff did not change to match the hashrate, orphan central. 12 second Block time? Orphan Central.
With such a massive Alt-coin collection now, for the new ones released at least, there needs to be little in the way of a pre-mine, have a purpose, as in a reason to buy the coin, not just to trade it for another one and have something different to improve Crypto-Currency in some way.
Why don't the Dev's before they release the coin, have a website up and running, with a mining config guide already written for everyone to see and maybe a website that is ready to take that currency as payment for Good or Service's, then do the [ANN]. That would be such a fair coin to mine, as all the miners could have the configs ready to go ready for release.
If a new coin is released and it is not showing innovation or is different in some way and more of these stagnant coins keep getting released, I could imagine the community getting fed up and just killing those coin off, to maybe give some room for a coin that could make a difference in some way.
I openly invite you to try your best with DGC.
As someone who is invested into DGC why would you invite something like this? Totally confused why you would make a statement like this
To show that he does not think his coin can be manipulated the way the OP claims.
And if it can be manipulated we as coin holders are screwed. You don't got poking a bear with a a stick.
Inviting someone to try does not change whether it can be manipulated. If it can it's probably better to find out early... though my money is on baritus.
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