Topic: [ANN][KARM] Karma / ₭ / X11 - page 298. (Read 583278 times)

epic fail pump on tlc   ehhh should not talk about prices... Everybody help Karma! If have no skills, like me , translate the websites into your mother tounge. Or help me find good charity ideas to get involved when we are ready. Dont worry, we are working on a decision for technical improvements/innovation. Keep with us, help us, together!

I really think it would be worth your while to read up on 51% attacks a little more.
The fact that Minpal reported it and cryptsy did not does not mean that cryptsy was not yet affected.
A double spend attack is not against an exchange it is against the network. it is only detected by the exchange when they notice unusual transactions. When the network has forked (which is necessary to carry out double spend) it is unwise to make any transactions anywhere on the network because they may fail (and you may not know for some time). Even trades you make on any exchange can be wound back if the exchange is found to be operating on the wrong fork..  (usually exchanges halt trading and withdrawals if this happens but not all exchanges are smart enough to notice)

telling the community "this is what I did but I'm not telling you to do that" is a moot point since people often do follow the examples people who they assume have some leadership role.

the bottom line is.. you got lucky and nothing you did after the fact would have made any difference to the outcome of that event.... you could have easily had your coins and or related transactions frozen on any exchange.

this is why eduction and preemptive action are so important.

people do make a big fuss about 51% attacks.. but as long as you stay calm and stay put they are relatively harmless to coin holders (people actually holding the coins in an address that they control)..

for exchanges and miners however.. it is a different story. for miners it can mean losing a few days payout... for exchanges it can be near fatal. (as was the case with cryptorush, coinmarket, vircurex and various others)

This is the last post I will do on this matter as people seem to just want to drag this out and seem to just want to hear themselves talk. The whole point was we knew it happened at MintPal but did not know if other exchanges were next, in the next minute, the next hour, or the next day. So yea it was already too late and all you could do is wait it out if the attack was active at your exchange but at least you had the heads up incase you had coins at other exchanges and wanted the opportunity to move them before they got hit. We did not tell anyone to do anything we just gave them the info we had so they could take whatever course of action they saw fit. I personally moved a good chunk of coins out of Cryptsy that i had just bought a few days ago and had not yet sent to my wallet. Again it was speculated it was a 51% attack but it could have been a lot more, we did not have an in depth explanation of the extent of the attack at the time.   

Very easy for you to tell people to relax when you accuse them. This is one of the master suppression-techniques. I will not be talked down to by you.

When someone takes a jab at you it is everyone's right to defend themselves. That is all I have done and I could go into a further analysis of Catkiwi's answer (like refusing to mention me by name but mentioning Kosmost and Bitwho would be a form of "exclusion"-technique, whether it's intentional or not matters not, only how actors are positioned in a conversation) but I won't go into that just know that the one who is actively destroying the other one by planting motives and lying about what they have previously have said is not the one who gets to call out when to stop. The one who gets to stop this is the one who is the victim of said bullying tactics.

Anyway... I think we can stop now.

No need to take aim at me mate. A discussion has taken place about the handling of an event that occurred yesterday- that's all it is. I have said my final piece on the matter, I'm happy with the explanations given by Kosmost and Bitwho as I have already stated twice. I wont be replying to any more call outs or questioning on the matter as I agree it's gone further than it should have. As long as everyone else is happy to let sleeping dogs lie this discussion is finished.

Let's keep it all in perspective however - we are all supporting this coin. We may have a bit of a squabble every now again over this or that but at the end of the day we are all just saying and doing what we think is best for the community and the future of the coin. Sometimes things will be said or done that don't sit right with some us and we voice our concern in response, other times we will all get along like kindred spirits. It's just the nature of the game - lots of different people from all walks of life with different views.

Let's all just sit back and relax - Karm is looking in good stead!

Amen kosmost....the huge quote boxes that get bigger are a distraction and take up a huge amount of space.
Anyone here know's your contributions Ag, so relax. I understand your
wish to standup for yourself, just let it roll off.
Sometimes its a better response.

Cat, give it a rest and enjoy where the coin is going as we all are.

I agree with everything you said except for the above point.

when a 51% attack happens the absolute worst thing you can do is try to move coins around.

the reason being that a successful attack creates a fork in the network.
this is effectively two separate block chains working in parallel.

now eventually all the miners move over to the dominant chain.. this is the self healing quality that makes block chain technology so amazing..
the problem is though that when this happens ALL transactions made on the weaker chain get voided. There is no easy way of knowing if you are on the correct chain when an attack happens.

so if people suddenly rush to take their coins off the exchange while an attack is happening there is NO way of guaranteeing they will end up in their wallets and even if the coins do show up there is no way of guaranteeing they will stay there (because you might be on the wrong chain).

if peoples withdrawals from exchanges don't go through they tend to panic and take to message boards and spread further panic. further panic on message boards can lead to mass dumping on exchanges.
all of this combined only creates bigger problems for the exchange and the community at large.

therefore the best course of action during any kind of 51% attack is the same kind of action you would take if a typhoon or earthquake hits your town... Stay in doors.. keep calm and do not panic... do not run around outside trying to secure your valuables, if you do that then you will only increase your chances of getting hurt...

it is only well before or after an attack has occurred that people should be reevaluating where their coins are being held.
the bottom line is and always has been... if you do not want your coins taken via theft, loss or damage... keep them in your personal wallet in a safe place that only you have access to.
(A 51% attack cannot steal coins from your personal wallet, it only affects people actively mining a coin or making transactions)
An exchange is the least secure place to hold coins because that is where they are most centralized and each coin that an exchange supports is effectively a door through which thieves and scam artists can sneak in.
can you imagine a bank with 100+ entrances? this is basically what some exchanges are.

I am not going to get into a back and fourth with you. I have not accused you of anything, nor have I named you. I was unhappy with a couple of posts that were made yesterday (by members who shall not be named) that I found inflammatory and poorly thought out due to their lack of provision of verifiable evidence regarding alleged events those posts were referring to. I stated I did not think it was appropriate for those posts to be made in the manner they were made (I felt they were quite alarming and should not have included advertising for a certain p2pool by using this unsubstantiated 'attack' as an effective springboard to get people to sign up with this pool. The fact that rewards were mentioned along with no mining fee for those who switch to that pool was not appropriate under the circumstances in my opinion.

You have taken something as a personal attack when you were not named as the subject. If you felt your post met the criteria by which I described the posts I took issue with and then decided to turn what I have said into an attack on you personally then that is your choice.

In your absence Kosmost and another user gave further explanation of their actions and upon recieving information about what was happening behind the scenes at the time I have accepted that explanation as fair.

At that point there ceased to be a problem and we have now moved on.




 

i can only vote with my mobile.


unless its my add block that is stopping the pop up on both firefox and chrome

And to my disbelief and dismay an internet giant is down at the moment:

FACEBOOK.

hehe alright now. Let's move on?  


We sure need some more people testing lill.com. Support for karma or at least constant mention of karma is increasing alot between facebook users involved in crypto world. Maybe we should ask them as well to get involved?

Could you point me to where i said this, because I can't find it myself.... You are accusing me of something, please provide proof.

and if you don't because you can't because i never said this you are slanderous. do you know what false accusations and slander mean? 

also your lack of backing up what you previously attacked me for like not answering any of my questions but just throwing more accusations around is really embarrasing not only to yourself but the everyone who has to read it, and certainly me who has to defend himself against your FUD.

Coming from you that is comedy gold. You throw around accusations against me and when i try to talk about them you ignore it at move forward with new speculations. Just trolling at max speed.

Excellent news. The beauty of it is that because we all want to see a BTC pairing again all of us will be prepared to front up the litecoin to keep it above 150 - should it even be necessary. I personally have around 4 BTC in my 'reserve wallet' that I have not converted to Litecoin (for obvious reasons) that I would be prepared to use to keep the price above 150 Litoshi for the required time - not that that will even be necessary. I know there are some big boys out there who are loaded with Bitcoin and invested in this coin quite heavily who would also keep things stable.

Great work!

Yes, shouldn't be too much longer.

Any updates on LILL searches per day?

Where is the KARM / BTC market? http://karmashares.com/forums/index.php/topic,338.0.html

The funny thing is.. the community knows everything we do because it's posted on the forums.

Sure, we'd like to keep things like our participation in BTC Chicago secret but then we'd lose out on participation. We can still make a splash with an official announcement.

I absolutely understand....I was in the security business for several years.

Being cautious is an understatement when it comes to that stuff...lol.  

Keep up the good work.  My best contribution at the moment is to help fund promotions or charities.  No technical wizardry in these fingers.

Would like to donate to promote getting more people to register with LILL.  I just get the feeling there is so much in the works the timing isn't quite right for that just yet.  I will send the marketing group a note to get some feed back.

Informing our community of a possible problem was the right thing to do (of course)

Any other suggestion that we should have not mentioned it is FOOLISH.

To suggest that we ignore the temporary change at MintPal to 200 confirmations (especially when the community had already brought it up) is ludicrous.

It was my insistence that we inform the community, because that was the right thing to do. How someone wants to interpret the post(s) that were made is up to them, but there was never a cause for alarm.

End of discussion.

We waste too much time on petty nonsense. First we obsessed about price for 20+ pages, now it's this..

Surely we can be more productive

you'd be surprised how much cautious the team is. We have the "absolute no inside trading" motto. if any of us is caught using this info to create hype or fud we would be excluded from future news update.

in example if we get the heads up that we will hit the btc market , then us as news barrier are not allowed to sneak in a buy order before the news is announced. it would look very shady if you see a huge buy order in an exchange and then a massive good new. or even worse the opposite

our team, really, really strongly believes that this coin will be huge in near future and we think that we will go under regulation and future audits. So we are really cautious on how we deal with any karma coin info.

it kind of sucks for some of us because we can not express any hype excitement or have biased opinions. I wished i could go all 40 font and all caps and say this coin gonna be huge! i can't , because even though i do believe it will in future, at this moment i represent a person who is in the known of the coin and it could be considered inside trading. and even worse if it hits a bump and dives a lot of people could accuse me because i am part of the team and i sold inside trading to my advantage or something.

haha see what i mean.. already lost in a tangent