He don't know. HE KNOW FUD
If you have more coins you get the blocks sooner, so to do 60 mints in a row is near impossible. 
Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 484. (Read 1369778 times)
March 29, 2014, 01:27:55 AM
March 29, 2014, 01:27:22 AM
I wished mintcoin had more gambling sites.
i've seen only 2 so far
i've seen only 2 so far
This is a very promising, I don't know why no one do it,
Why only two gambling sites so far.
March 29, 2014, 01:25:13 AM
He don't know. HE KNOW FUD
Quick! Sell your peercoin! sell everything!
Quick! Sell your peercoin! sell everything!
March 29, 2014, 01:23:17 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
are people really not concerned about this?
YOU CAN 51% ATTACK ANY POS COIN WITHOUT THE NEED FOR 51% OF SUPPLY OR ANY PoW HASHRATE AT ALL
i am not interested in doing an attack, but you should be worried that it is doable.
go over the logic
THIS IS FIXABLE, BUT REQUIRES A HARD FORK
March 29, 2014, 01:22:14 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
No. In order to get 60 consecutive blocks you would need a TON of coins. There is no way that 1 mintcoin will produce enough coin age to overpower the network's coin age for 1 hour and 40 minutes. 1 MINT all alone by itself would probably take years to successfully get on the blockchain.
wrong, only the calculation for how much coins you generate uses coin-days
valid block generation only uses coin age
March 29, 2014, 01:20:36 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
are people really not concerned about this?
YOU CAN 51% ATTACK ANY POS COIN WITHOUT THE NEED FOR 51% OF SUPPLY OR ANY PoW HASHRATE AT ALL
i am not interested in doing an attack, but you should be worried that it is doable.
go over the logic
THIS IS FIXABLE, BUT REQUIRES A HARD FORK
March 29, 2014, 01:17:46 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
No. In order to get 60 consecutive blocks you would need a TON of coins. There is no way that 1 mintcoin will produce enough coin age to overpower the network's coin age for 1 hour and 40 minutes. 1 MINT all alone by itself would probably take years to successfully get on the blockchain.
wrong, only the calculation for how much coins you generate uses coin-days
valid block generation only uses coin age
March 29, 2014, 01:16:48 AM
Also, you would have to exactly when your miner was going to find the a block. Also, this sounds like a bunch of made up crap. 
March 29, 2014, 01:15:37 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
are people really not concerned about this?
YOU CAN 51% ATTACK ANY POS COIN WITHOUT THE NEED FOR 51% OF SUPPLY OR ANY PoW HASHRATE AT ALL
March 29, 2014, 01:14:01 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
No. In order to get 60 consecutive blocks you would need a TON of coins. There is no way that 1 mintcoin will produce enough coin age to overpower the network's coin age for 1 hour and 40 minutes. 1 MINT all alone by itself would probably take years to successfully get on the blockchain.
March 29, 2014, 01:03:53 AM
What happend to all the miners?
Come on! Point your rigs at http://hashco.ws
Come on! Point your rigs at http://hashco.ws
March 29, 2014, 01:03:45 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
are people really not concerned about this?
YOU CAN 51% ATTACK ANY POS COIN WITHOUT THE NEED FOR 51% OF SUPPLY OR ANY PoW HASHRATE AT ALL
March 29, 2014, 12:57:34 AM
Looks like a freaking Tsunami wave way is about to hit!
Let's go surfing!
300 satoshis, here we come!
March 29, 2014, 12:55:33 AM
Looks like a freaking Tsunami wave way is about to hit!
Let's go surfing!
March 29, 2014, 12:51:22 AM
i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
March 29, 2014, 12:19:31 AM
any news on android wallet?
Yes, any news on the Android Wallet?
I keep hearing there is a bounty for it but have never seen how much the bounty amount is - has anybody else seen it?
I'm not sure but I think someone is in the process of working on the Android wallet. If not is it something you believe you're capable and interested in creating?
No, I couldn't create it, I'm not a programmer.
But If I knew what the bounty amount was I/others could shop the job around. Without knowing what the bounty is, sort of difficult to shop the job around.
OK I agree I'll look into it too and see what's happening with it
March 29, 2014, 12:16:03 AM
any news on android wallet?
Yes, any news on the Android Wallet?
I keep hearing there is a bounty for it but have never seen how much the bounty amount is - has anybody else seen it?
I'm not sure but I think someone is in the process of working on the Android wallet. If not is it something you believe you're capable and interested in creating?
No, I couldn't create it, I'm not a programmer.
But If I knew what the bounty amount was I/others could shop the job around. Without knowing what the bounty is, sort of difficult to shop the job around.
March 29, 2014, 12:05:52 AM
just got another 40,000 MINT. i know its not a lot but everyday it adds up. will buy 2 million on april 1.
You rock! Thanks for helping the Mintcoin Community
March 28, 2014, 11:49:13 PM
just got another 40,000 MINT. i know its not a lot but everyday it adds up. will buy 2 million on april 1.
March 28, 2014, 11:45:31 PM
Have a look at these threads. Put in some posts in support of Mintcoin:
https://bitcointalksearch.org/topic/is-bitcoin-built-to-last-a-couple-of-decades-will-other-altcoins-rise-up-538365
https://bitcointalksearch.org/topic/my-view-on-the-future-of-crypto-currencies-540361
Mintcoin has finally pushed out and into 16-17 satoshis.
Thunderclap coming soon.
https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway
https://bitcointalksearch.org/topic/is-bitcoin-built-to-last-a-couple-of-decades-will-other-altcoins-rise-up-538365
https://bitcointalksearch.org/topic/my-view-on-the-future-of-crypto-currencies-540361
Mintcoin has finally pushed out and into 16-17 satoshis.
Thunderclap coming soon.
https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway
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