Alexhiggins keeps digging. Arcanis seems to admit nokoin IS diseased.
Alexhiggins,
http://forum.neucoin.org/t/3-5-hours-of-transactions-removed-from-the-block-chain/2057/38"This in essence is the classic 51% attack and from what I am gathering this coin in essence is doing that by design"
"I don't see this problem going away even when 50% of the coins have distributed"
[Alex cure] "it should select the latest block on the chain at time of staking as its parent."
Arcanis,
"A classic case of a cure worse than the disease"
nokoin, now with incurable 51% attack disease built in, giving 100% untrustability for users.
That was my first impression...
Hmmm.... Maybe it was some kind of unintentional(?) 51%-attack. ;-)
But obviously it's not just a temporary problem. It seems to be a constant attack. I've used the word "suicidal design" so often, but with focus on the effect of the economy. It's obviously also suicidal in the technical design...
Entertaining to see their reaction: Self-buying on the market for some volume and a rising price. Some sand in the eyes... but it won't help.
No it won't help, it is just paying more btc to rebuy survey coin.
It is just for show.
It is not new money on the market, not new buyers.
I reported 88btc on the buy order book several days ago.
Now it is 66btc on the buy order book.
(about 22btc spent on this rally, not replaced by "fresh" btc)
It is nokoin buying to inflate the price.
Moving their btc up the book.
Jumping up their own bids to create an illusion of "other" buyers.
A couple of days ago the market was flattened by, then (in part) crashed by the 33.3333 attack.
A tiny amount of btc used correctly, crashed the market. At no/minute cost to the dealer.
It was made very obvious. Opposite to nokoin tactics.
Don't think nokoin liked that.
So todays show of mussel. A counter attack. (It could also be entirely to bury the bad news Alex brings, or at least in part)
There is no bot there.
There is no inside sell, sell, sell. Yet. Just buy, buy, buy.
(I wonder if the foundation will start buying "unrestricted coins" soon to "free up" team profits. Maybe they already have a "behind closed door" deal to liquidate)
Maybe a great chance to sell.
(However nokoin can easily set the price higher for a few more btc. The market is so thin. Very few given out?)
Now the price is up, there are even more sell orders, (up to .00004) than previously.
Now nokoin are spending more btc per nokoin they don't want.
The more nokoin they buy back, the less users they have.
The more nokoin they have, the more they stake and compound.
The more they stake and compound, the more they must distribute, the less value per nokoin.
The more they distribute the more they must buy back.
It won't help.
It is just a statement that nokoin is not yet dead. An illusion.
A bit like the bottle of champagne newtoallthis2s' "has on ice" for me.