Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 272. (Read 1031025 times)
BTCE shows BitCoin (ScamCoin) going down from .870 to .840 in less than 24 hours! Who is STUPID enough to buy into such an obvious scam!
Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol 
Bitcoin dropped 50% so that OBVIOUSLY means it's a Scam Coin. Quark only dropped a 1/3.
You dumpin' yer BitCoins (ScamCoin)?
Trolololololol!
Quark dropped 2/3 and it was immediately deemed to be a scam by posters like you. BitCoin dropped 50%. YOU should be calling BitCoin a scam as well!
No he can't! You are really out in left field on how transactions and the block chain work.
Sorry , but you have no clue what you talk about.
Somebody who has 51% of the hash rate can make any coins out there useless because he can deny all the transactions from that address.
Google a bit , it would help
I can confirm this, to make it simple: your transactions are still relayed on the network, true, but if 90% of the miners (through their pool) are excluding your transactions from their mined blocks, AND they reject, as part of the conspiracy, every block mined from foreign nodes (that would confirm your tx's), then...
tl;dr: yes your coins can be embargoed completely quite "easily" by someone with 90%.
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
The 51% attack isn't related to the numbers of coins you hold. It is related to the hash rate one has at a certain moment and it would allow him to reject transactions , make double spends and they could reverse transactions that they proceeded at the time they were in control of the network.
But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.
Is FTC still alive then? I thought they died 2 weeks ago....
The 51% attack ---snip---
But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.
Exactly my point!
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
He can block them from ever be spend for example:)
No he can't! You are really out in left field on how transactions and the block chain work.
Sorry , but you have no clue what you talk about.
Somebody who has 51% of the hash rate can make any coins out there useless because he can deny all the transactions from that address.
Google a bit , it would help
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
He can block them from ever be spend for example:)
No he can't! You are really out in left field on how transactions and the block chain work.
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power
Quote
An attacker that controls more than 50% of the network's computing power can, for the time that he is in control, exclude and modify the ordering of transactions. This allows him to:
Reverse transactions that he sends while he's in control. This has the potential to double-spend transactions that previously had already been seen in the block chain.
Prevent some or all transactions from gaining any confirmations
Prevent some or all other miners from mining any valid blocks
Reverse transactions that he sends while he's in control. This has the potential to double-spend transactions that previously had already been seen in the block chain.
Prevent some or all transactions from gaining any confirmations
Prevent some or all other miners from mining any valid blocks
And yes, some of my points which i marked as where i am unsure above are not possible:
Quote
The attacker can't:
Reverse other people's transactions
Prevent transactions from being sent at all (they'll show as 0/unconfirmed)
Change the number of coins generated per block
Create coins out of thin air
Send coins that never belonged to him
Reverse other people's transactions
Prevent transactions from being sent at all (they'll show as 0/unconfirmed)
Change the number of coins generated per block
Create coins out of thin air
Send coins that never belonged to him
So, he can prevent your coins from being spent.
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
The 51% attack isn't related to the numbers of coins you hold. It is related to the hash rate one has at a certain moment and it would allow him to reject transactions , make double spends and they could reverse transactions that they proceeded at the time they were in control of the network.
But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.
Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol
Bitcoin dropped 50% so that OBVIOUSLY means it's a Scam Coin. Quark only dropped a 1/3.
You dumpin' yer BitCoins (ScamCoin)?
Trolololololol!
Are you comparing Bitcoin with Quark now? Really?
He can block them from ever be spend for example:)
Go for a win-win: team-up with him and double (triple, quadruple, n-uple...) spend at will
It still requires clever engineering to actually profit from double spend attacks, even with 90% hashrate under control, you can't force every node on the network (thinking of the exchanges) to think and accept whatever you would like them to.
Yes, but the more value something has the more likely such a think will be.
That was generally spoken, feeleep wouldn't do that!
And me neither, since (and i know everyone on the internet says that;-) i'm a honest person.
But as told earlier it's more important for the future and the integrity of the coin itself, although i'm not sure if there will be a future, since i don't like some of the ways it is now hyped "to da moon", and if that won't do some non fixable damage.
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
He can block them from ever be spend for example:)
No he can't! You are really out in left field on how transactions and the block chain work.
Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol
Bitcoin dropped 50% so that OBVIOUSLY means it's a Scam Coin. Quark only dropped a 1/3.
You dumpin' yer BitCoins (ScamCoin)?
Trolololololol!
He can block them from ever be spend for example:)
Go for a win-win: team-up with him and double (triple, quadruple, n-uple...) spend at will
It still requires clever engineering to actually profit from double spend attacks, even with 90% hashrate under control, you can't force every node on the network (thinking of the exchanges) to think and accept whatever you would like them to.
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
He can block them from ever be spend for example:)
Actually i already got away from this sinking ship but i cant resist to say that the guys responding in this topic are as strong as the almighty quark coin.. trolololol
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.
Of course doesn't make this the coin worthless, but imho in the longer run, for a stable and widely accepted coin, this must be fixed.
True, especially for a coin whose motto says "super secure"
The >51% situation is the same for many alts (think of "rare" MM coins like DVC or IXC and BitParking, they also have >90%).
Of course it's suboptimal, but it doesn't make the coin worthless. It merely means that miners have decided to trust a single entity to pool their efforts. Nothing more, and, granted, nothing less: trusting a central entity is not the aim of crypto coins IMO, at least not the original Bitcoin.
Miners could, theoretically, at any time, move away from CoinMine.pl and solo mine and/or switch pools, if they no longer trust them, or if they are no longer pleased by their policy.
Of course it's suboptimal, but it doesn't make the coin worthless. It merely means that miners have decided to trust a single entity to pool their efforts. Nothing more, and, granted, nothing less: trusting a central entity is not the aim of crypto coins IMO, at least not the original Bitcoin.
Miners could, theoretically, at any time, move away from CoinMine.pl and solo mine and/or switch pools, if they no longer trust them, or if they are no longer pleased by their policy.
Of course doesn't make this the coin worthless, but imho in the longer run, for a stable and widely accepted coin, this must be fixed.
Want to get rich? Make a Quark exchange that works properly! It's volume will make you rich.
+9000Already working on one myself.
me too ...
that's what I like about the quark community, everyone is busy doing things.
yeah, running their mouths about how Quarkcoin isn't a scam.
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one
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