[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 54.

maardein

sr. member

Activity: 420

Merit: 250

Quote from: jertsy on March 26, 2014, 03:35:37 PM

Quote from: maardein on March 26, 2014, 01:28:23 PM

Quote from: bungholio on March 26, 2014, 01:01:48 PM

Ya'll see this?

http://pastebin.com/cYYZwXEW

Wow, hadn't seen it yet. We all knew for a few days things at cryptorush were a mess, we just didn't know how bad it really was. The amount stolen is shocking. I wonder if they will go public now, and tell what really happened.

When do exchanges start learning from the mistakes of others? Like only keeping X% in the hot wallet...

They are not the only ones, CoinEx has just been hacked.

https://bitcointalksearch.org/topic/m.5769484

Yeah I'd seen that already. Can't believe they actually still have some basic security not in place when they've been hacked before...

komije5363

newbie

Activity: 54

Merit: 0

Quote from: greenclover on March 26, 2014, 11:29:27 AM

Quote from: CryptoFunds on March 26, 2014, 11:27:58 AM

Good news - we are live!
You can post officialy that you got new exchange - http://cryptofunds.pw and the timing is perfect with CryptoRush death.
So please get your users on the exchange so there is some initial trades!
We will be posting everywhere today but please help as much as you can with promotion if you can.

Thanx for waiting and i hope you will like our system!

What is this new exchange? there are too many new exchanges now...

But trusted large amount to is not much

jertsy

sr. member

Activity: 341

Merit: 250

Quote from: maardein on March 26, 2014, 01:28:23 PM

Quote from: bungholio on March 26, 2014, 01:01:48 PM

Ya'll see this?

http://pastebin.com/cYYZwXEW

Wow, hadn't seen it yet. We all knew for a few days things at cryptorush were a mess, we just didn't know how bad it really was. The amount stolen is shocking. I wonder if they will go public now, and tell what really happened.

When do exchanges start learning from the mistakes of others? Like only keeping X% in the hot wallet...

They are not the only ones, CoinEx has just been hacked.

https://bitcointalksearch.org/topic/m.5769484

ani74

newbie

Activity: 13

Merit: 0

cool coins i like it...please add PMC

maardein

sr. member

Activity: 420

Merit: 250

Quote from: bungholio on March 26, 2014, 01:01:48 PM

Ya'll see this?

http://pastebin.com/cYYZwXEW

Wow, hadn't seen it yet. We all knew for a few days things at cryptorush were a mess, we just didn't know how bad it really was. The amount stolen is shocking. I wonder if they will go public now, and tell what really happened.

When do exchanges start learning from the mistakes of others? Like only keeping X% in the hot wallet...

bungholio

full member

Activity: 130

Merit: 100

Ya'll see this?

http://pastebin.com/cYYZwXEW

greenclover

full member

Activity: 195

Merit: 100

Quote from: CryptoFunds on March 26, 2014, 11:27:58 AM

Good news - we are live!
You can post officialy that you got new exchange - http://cryptofunds.pw and the timing is perfect with CryptoRush death.
So please get your users on the exchange so there is some initial trades!
We will be posting everywhere today but please help as much as you can with promotion if you can.

Thanx for waiting and i hope you will like our system!

What is this new exchange? there are too many new exchanges now...

CryptoFunds

newbie

Activity: 48

Merit: 0

Good news - we are live!
You can post officialy that you got new exchange - http://cryptofunds.pw and the timing is perfect with CryptoRush death.
So please get your users on the exchange so there is some initial trades!
We will be posting everywhere today but please help as much as you can with promotion if you can.

Thanx for waiting and i hope you will like our system!

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: ?? on ??

XL was an overkill Tongue

Nice shirt! The black ones come out pretty nice too!

ctenc001

hero member

Activity: 910

Merit: 1000

Quote from: coinnewbit on March 25, 2014, 11:40:05 PM

Quote from: blueangel01 on March 25, 2014, 11:36:23 PM

Before any changes... lets offer a bounty to 51% attack PMC. I offer 500 PMC bounty. I am curious what will happen after the attack. Is there anything to gain or just the tx?

I am interested. May add another 100 pmc

this is the kind of things that we need to be doing. research and live tests of different catostrophic events that could one day plague bitcoin and other coins.

I feel we should have something like this planned as a community every few weeks. Post event we can just fork back to an agreed upon block to undo any damage to individual holdings. This way the tests are being done in real time before any forking, Exchanges can be notified prior to freeze any trading temporarily, it will potentially effect every stakeholder like a real attack, and will supply way more information than testing something like this out on a dead fork or testnet. Theres enough theoretical, and proven bitcoin flaws and attacks, that we can stay busy for a long while

coinnewbit

sr. member

Activity: 266

Merit: 250

Quote from: blueangel01 on March 25, 2014, 11:36:23 PM

Before any changes... lets offer a bounty to 51% attack PMC. I offer 500 PMC bounty. I am curious what will happen after the attack. Is there anything to gain or just the tx?

I am interested. May add another 100 pmc

blueangel01

sr. member

Activity: 406

Merit: 250

Hello! Send me a message.

Before any changes... lets offer a bounty to 51% attack PMC. I offer 500 PMC bounty. I am curious what will happen after the attack. Is there anything to gain or just the tx?

Warning__3

full member

Activity: 154

Merit: 100

Quote from: bungholio on March 25, 2014, 03:34:24 PM

Here we go maybe, we always talk about PMC being the "bank" for BTC.

http://www.reuters.com/article/2014/03/25/bitcoin-irs-idUSL1N0MM1L820140325

Convert your BTC to PMC and avoid taxes. Shocked

I guess they are starting to feel threatened! Cheesy

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player

Quote from: anonuser777 on March 25, 2014, 05:40:45 PM

Quote from: kbroadfoot on March 25, 2014, 12:59:32 AM

Interesting article..

http://www.technologyreview.com/news/525676/academics-spy-weaknesses-in-bitcoins-foundations/

Quote

The only solution Kroll sees is to rewrite the rules of the currency. “It would need some kind of governance structure that agreed to have a kind of tax on transactions or not to limit the number of bitcoins created,” he says. “We expect both mechanisms to come into play.”

Bitcoin is going to come under increasing pressure to create an inflationary system. The powers-that-be cannot stand non-inflationary currencies (gold, silver, bitcoin, etc) as they promote social mobility and help prevent massive wealth redistribution upwards. I hope BTC doesn't crack.

I also thought the discussion about hashrate magnitude to be a moot point as well.. Bitcoin ( PMC as well ) will adjust to make block times 10 minutes... when it is not profitable to mine, the miners will mine somethin else... the only real issue is to have enough total hashrate to avoid a 51 percent double spend situation with PMC... there are no block rewards to 'selfish mine' really. This could be accomplished by have every future wallet to a very small amount of hash rate automagically.... like a single cpu thread at half speed... when the wallet is active... and have enough like minded people to donate some hashrate at the network when an anomaly is detected... Otherwise we don't need billions of billions of billions of hashes to maintain a network.... POS solves this now actually...

anonuser777

full member

Activity: 140

Merit: 100

Quote from: kbroadfoot on March 25, 2014, 12:59:32 AM

Interesting article..

http://www.technologyreview.com/news/525676/academics-spy-weaknesses-in-bitcoins-foundations/

Quote

The only solution Kroll sees is to rewrite the rules of the currency. “It would need some kind of governance structure that agreed to have a kind of tax on transactions or not to limit the number of bitcoins created,” he says. “We expect both mechanisms to come into play.”

Bitcoin is going to come under increasing pressure to create an inflationary system. The powers-that-be cannot stand non-inflationary currencies (gold, silver, bitcoin, etc) as they promote social mobility and help prevent massive wealth redistribution upwards. I hope BTC doesn't crack.

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player

Quote from: bungholio on March 25, 2014, 03:34:24 PM

Here we go maybe, we always talk about PMC being the "bank" for BTC.

http://www.reuters.com/article/2014/03/25/bitcoin-irs-idUSL1N0MM1L820140325

Convert your BTC to PMC and avoid taxes. Shocked

bungholio

full member

Activity: 130

Merit: 100

Here we go maybe, we always talk about PMC being the "bank" for BTC.

http://www.reuters.com/article/2014/03/25/bitcoin-irs-idUSL1N0MM1L820140325

Convert your BTC to PMC and avoid taxes. Shocked

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: coinnewbit on March 25, 2014, 08:32:29 AM

Quote from: elrapido80 on March 25, 2014, 08:31:06 AM

Warning for anyone who still has PMC (or other coins) on Cryptorush.

https://bitcointalksearch.org/topic/stop-using-cryptorush-asap-crap-scam-exchangewithdraw-all-ur-coins-529925

yeah i saw that what a dishonest exchange

I hate to say it, but if anything kills crypto currencies it will be the exchanges that do it.

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player

And this one:

http://cryptofury.com/forums/topic/premine-coin-giveaway/

Again thanks for all the help!

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player

This one:

https://twitter.com/CryptoMarketing/status/448493686234816512

Thanks to all of you who donated to this....

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