[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1163.

moderndezigns

newbie

Activity: 56

Merit: 0

Quote from: maarx on April 02, 2014, 12:10:18 PM

Quote from: moderndezigns on April 02, 2014, 12:07:49 PM

Quote from: sargecap on April 02, 2014, 12:01:15 PM

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

wasn't there a hard fork that coincided with people losing a lot of blackcoins or was that just around the same time? I really am curious about what happened as I know the exchange was blamed

The exchange used a stupid feature which has been around in the clients since bitcoin. That messed up their user's balances within their blackcoin client. That's how users withdrew more than they had and could have negative balance. The total wallet, however, did not have negative balance.

Ohh I see I just remember a bunch of issues with blackcoin wallet balances and figured it was all connected

maarx

hero member

Activity: 882

Merit: 517

cloverdex.io

Quote from: moderndezigns on April 02, 2014, 12:07:49 PM

Quote from: sargecap on April 02, 2014, 12:01:15 PM

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

wasn't there a hard fork that coincided with people losing a lot of blackcoins or was that just around the same time? I really am curious about what happened as I know the exchange was blamed

The exchange used a stupid feature which has been around in the clients since bitcoin. That messed up their user's balances within their blackcoin client. That's how users withdrew more than they had and could have negative balance. The total wallet, however, did not have negative balance.

johnngbluntzky

full member

Activity: 126

Merit: 100

Quote from: moderndezigns on April 02, 2014, 12:07:49 PM

Quote from: sargecap on April 02, 2014, 12:01:15 PM

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

wasn't there a hard fork that coincided with people losing a lot of blackcoins or was that just around the same time? I really am curious about what happened as I know the exchange was blamed

from what i remember from the tweets, the update went smooth as silk at mintpal. cr.. that's another story.

moderndezigns

newbie

Activity: 56

Merit: 0

Quote from: sargecap on April 02, 2014, 12:01:15 PM

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

wasn't there a hard fork that coincided with people losing a lot of blackcoins or was that just around the same time? I really am curious about what happened as I know the exchange was blamed

Jabulon

sr. member

Activity: 266

Merit: 250

Quote from: sargecap on April 02, 2014, 12:01:15 PM

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

+1 Nice how few words are required to sum it all up. Thank you.

johnngbluntzky

full member

Activity: 126

Merit: 100

haha.. think of all the noise over the next couple of days as bear traps fellas. sure, people will try to push the price down a bit before black friday. i'm 100,000+ deep on BC and feeling good.

sargecap

newbie

Activity: 14

Merit: 0

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: XbladeX on April 02, 2014, 11:56:25 AM

rat4 wrote you that for those atacks BC POS is not valuable how many times he need wrote the same ?

Writing that you don't think attack vectors exist does not mean that attack vectors do not actually exist. Replies of "that will not happen" are denials of the rich conceptual history and well noted theoretical problems of proof-of-stake systems.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: tacotime on April 02, 2014, 11:50:33 AM

Quote from: sargecap on April 02, 2014, 11:48:28 AM

Quote from: tacotime on April 02, 2014, 11:32:08 AM

https://bitcointalksearch.org/topic/m.6034076
https://bitcointalksearch.org/topic/m.6034634

There are problems in fundamental and horrible ways at the moment.

Umm you were here 9 months ago saying PPCoin is doomed, it's flawed etc.

Made lots of noise about it.

Nothing happened.

Nothing needs to happen as long as PoW is chugging along -- but then it's just another PoW coin. The PoS system it is eventually supposed to become as reward goes to 0 is deeply flawed.

I would anticipate BlackCoin to demonstrate this, and eventually leave rat4 scrambling to apply patch after patch as the system breaks in new and exciting ways.

Quote from: rat4 on April 02, 2014, 09:06:39 AM

Quote from: tacotime on April 02, 2014, 08:58:33 AM

Told OP it was a bad idea, was ignored by OP in the Blackcoin thread. If you don't understand the code you're modifying, don't muck with it.

These attacks are not applicable to BlackCoin. Guess why.

rat4 wrote you that for those atacks BC POS is not valuable how many times he need wrote the same ?

moderndezigns

newbie

Activity: 56

Merit: 0

Quote from: tacotime on April 02, 2014, 11:50:33 AM

Quote from: sargecap on April 02, 2014, 11:48:28 AM

Quote from: tacotime on April 02, 2014, 11:32:08 AM

https://bitcointalksearch.org/topic/m.6034076
https://bitcointalksearch.org/topic/m.6034634

There are problems in fundamental and horrible ways at the moment.

Umm you were here 9 months ago saying PPCoin is doomed, it's flawed etc.

Made lots of noise about it.

Nothing happened.

Nothing needs to happen as long as PoW is chugging along -- but then it's just another PoW coin. The PoS system it is eventually supposed to become as reward goes to 0 is deeply flawed.

I would anticipate BlackCoin to demonstrate this, and eventually leave rat4 scrambling to apply patch after patch as the system breaks in new and exciting ways.

that doesn't sound good

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: sargecap on April 02, 2014, 11:48:28 AM

Quote from: tacotime on April 02, 2014, 11:32:08 AM

https://bitcointalksearch.org/topic/m.6034076
https://bitcointalksearch.org/topic/m.6034634

There are problems in fundamental and horrible ways at the moment.

Umm you were here 9 months ago saying PPCoin is doomed, it's flawed etc.

Made lots of noise about it.

Nothing happened.

Nothing needs to happen as long as PoW is chugging along -- but then it's just another PoW coin. The PoS system it is eventually supposed to become as reward goes to 0 is deeply flawed.

I would anticipate BlackCoin to demonstrate this, and eventually leave rat4 scrambling to apply patch after patch as the system breaks in new and exciting ways.

jvdp

hero member

Activity: 1148

Merit: 523

CryptoTalk.Org - Get Paid for every Post!

so its almost black friday.. the train is not really leaving yet in advance. I understand that the multipool should drive the price up (if it can) but there seems not a lot of interest yet.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote

Hence my 'Purely from a PoW/Pos Hybrid perspective'.

I understand there are some PoS issues which clearly you have a greater understanding of than 99.9% of the people on this thread, myself included. I hope these can be addressed appropriately, and as an onlooker and potential investor of any coin am keeping my eye on it. Can't devs/code gurus get together and whittle down the actual issues together? Isn't that what open source is all about?

Well, yes, but the issue is a severe one and not easily fixed. Greg Maxwell (the bitcoin core dev whose IQ is probably above 180) couldn't figure it out after spending months trying, Vitalik Buterin (an Honour's student in maths who dropped out of the University of Waterloo to work on Ethereum) is also now struggling very hard with how to solve the issue with his Slasher algorithm, etc... Pure PoS is a *very* hard problem to solve effectively, and the only reasonable solutions for pure PoS are coming in a soon to be published scientific paper I'm not really at liberty to talk about. The first author of that paper is even a little wary about what he's proposed, though.

sargecap

newbie

Activity: 14

Merit: 0

Quote from: tacotime on April 02, 2014, 11:32:08 AM

https://bitcointalksearch.org/topic/m.6034076
https://bitcointalksearch.org/topic/m.6034634

There are problems in fundamental and horrible ways at the moment.

Umm you were here 9 months ago saying PPCoin is doomed, it's flawed etc.

Made lots of noise about it.

Nothing happened.

ski92

member

Activity: 112

Merit: 10

Quote from: IconicExpert on April 02, 2014, 11:37:33 AM

Quote from: ski92 on April 02, 2014, 11:31:34 AM

Quote from: IconicExpert on April 02, 2014, 11:23:46 AM

Could you imagine a publicity stunt with 100+ pretty women all wearing BlackCoin T-Shirts in Times Square NYC on a Friday? "BlackCoin Friday"!

When is this happening?? !!!! Grin

Has anyone looked into doing some tshirts?

Yes I have looked into it already

... Once I make good on the promises I already made, and earn the trust of the community, we can easily set that up. During the Summer companies do similar publicity stunts/promotions in Manhattan all the time. The girls would do it for free or for very little money if they know they are going to be photographed by press.

ahh ok, good to hear

fiftyseven

sr. member

Activity: 427

Merit: 252

Quote from: tacotime on April 02, 2014, 11:32:08 AM

https://bitcointalksearch.org/topic/m.6034076
https://bitcointalksearch.org/topic/m.6034634

There are problems in fundamental and horrible ways at the moment.

Hence my 'Purely from a PoW/Pos Hybrid perspective'.

I understand there are some PoS issues which clearly you have a greater understanding of than 99.9% of the people on this thread, myself included. I hope these can be addressed appropriately, and as an onlooker and potential investor of any coin am keeping my eye on it. Can't devs/code gurus get together and whittle down the actual issues together? Isn't that what open source is all about?

IconicExpert

full member

Activity: 168

Merit: 100

Quote from: ski92 on April 02, 2014, 11:31:34 AM

Quote from: IconicExpert on April 02, 2014, 11:23:46 AM

Could you imagine a publicity stunt with 100+ pretty women all wearing BlackCoin T-Shirts in Times Square NYC on a Friday? "BlackCoin Friday"!

When is this happening?? !!!! Grin

Has anyone looked into doing some tshirts?

Yes I have looked into it already

... Once I make good on the promises I already made, and earn the trust of the community, we can easily set that up. During the Summer companies do similar publicity stunts/promotions in Manhattan all the time. The girls would do it for free or for very little money if they know they are going to be photographed by press.

tacotime

legendary

Activity: 1484

Merit: 1005

https://bitcointalksearch.org/topic/m.6034076
https://bitcointalksearch.org/topic/m.6034634

There are problems in fundamental and horrible ways at the moment.

ski92

member

Activity: 112

Merit: 10

Quote from: IconicExpert on April 02, 2014, 11:23:46 AM

Could you imagine a publicity stunt with 100+ pretty women all wearing BlackCoin T-Shirts in Times Square NYC on a Friday? "BlackCoin Friday"!

When is this happening?? !!!! Grin

Has anyone looked into doing some tshirts?

moderndezigns

newbie

Activity: 56

Merit: 0

so if mintcoin can be attacked cant blackcoin suffer the same or a similar attack. We already know blackcoin was forked once and that alot of people lost alot of coins because of it

Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1163. (Read 2509934 times)