Topic: [ANN][NYC] NEW YORK COIN at 2017 MACY'S THANKSGIVING DAY PARADE IN NYC! - page 18. (Read 141008 times)

If there was a hard fork in October 2018, it was probably to remove the attacker's blocks.

I am not involved with anything here, actually I didn't even read the thread before posting. I was just checking out NYC on coinmarketcap, and I checked the rich list on the block explorer. There I noticed 32 blocks that said "Mr.51%", and I was like wtf? Inside these weird blocks is a single transaction with the input as the destination address. The balance appears negative.

Not many people understand what a 51% attack means, it is talked about a lot in the original bitcoin white paper.

Because the block times are fast, 300 confirmations are necessary to prevent another 51% attack.

Hello, so apparently on or around January 2018,  NewYorkCoin had a market capital of around $120,000,000. Correct. NYC market cap peaked at $125,000,000 USD in early Jan 2018.

However, according to the NYC blockchain, a 51% attack was successfully carried out. This event took place around October 2018. Correct. With all "Community" devs eyes-on-deck for upcoming hardfork implementation, the attack lasted almost one week.

The attack was performed by sending slightly less than 1 billion NYC coins from an NYC address without any input addresses, by using the destination address as the input. Correct. I believe the attacker(s) used 911 MILLION fake NYC.

This is normally rejected by the wallets as an invalid transaction, however, the attacker modified his mining wallet to accept it as a valid transaction. The attacker then mined the blocks to verify it on the blockchain, because the attacker had more than 51% of the hashing power, and the longest chain is always considered the real one. The attacker then used these funds to tank the market, taking around $500,000 usd and collapsing the market. The attacker sold around 32 billion NYC. In mid-late Oct 2018, price had already sunk substantially down to $0.00001/NYC (current levels). Attack mostly (exclusively?) affected TradeSatoshi. The exchange(s) ended up with a bunch of "fake" (double-spent) NYC which was worthless to them. Innocent buyers using these small exchanges to buy NYC also got hurt, because what they thought they were buying was not actually NYC. TradeSatoshi shortly thereafter went out of business and investors that used these little exchanges received nothing.

P.S. During the weeks leading up to hardfork on Oct 28, 2018, NYCoin "Community" devs/leadership - cmelion, burrell2, nicovs, lta et al - were constantly warning their "Community" Discord channel followers to immediately remove all of their NYC from Yobit and move it over to TradeSatoshi. Stating their reason being that Yobit had not communicated with "devs" regarding upcoming hardfork. It appears their motivations may have been a bit more sinister...  
 

The Pioneer of NYC timeline:

1. Earliest known miner (discovered NYC one week after launch)

2. Created newyorkco.in website in March 2014 to promote, support and provide access to core wallets, active mining pools, coin stats, etc.

3. First person to understand and explain the usability and desirability of fast block time and zero fees (except for core wallets created by "Community" devs/github). RETAIL CRYPTO. Lightning-fast and completely FREE since March 2014.

4. Created social channels and bitcointalk forum pages in April 2014 to promote and raise awareness of NYC.

5. Requested CoinMarketCap add NYC. The earliest lightning-fast, no fee crypto in existence.

6. Created hip New York City image for NYC Coin and made sure NYC had worldwide base of supporters/miners before stepping away at end of 2014.

7. Revived NYC in summer 2017 after languishing with no website, no promotion, no awareness for years. Registered original dev website nycoin.net and newyorkcoin.net. Started new bitcointalk forum page and rallied supporters to restart mining pools, sync network, publish core wallets, etc.

8. Paid for NYC to get listed on Yobit. And warned investors to remove all funds from Coingather weeks before Coingather vanished with Billions of NYC.

9. Paid middle-men and business owners to begin accepting NYC.

10. Paid for NYC to get integrated onto Coinomi mobile wallet. #1 Rated Altcoin Wallet for Years!

11. Sole promoter/admin of all NYC marketing during price explosion to $125,000,000 USD in Jan 2018.

12. Promoted NYCoin at 2017 Macy*s Thanksgiving Day Parade.

13. Orgainized 1st NYCoin meetup at Washington Square Park. Attended in the audience by our infamous camera-smiling wannabe pioneer James Burrell II.

14. Opened and operated The New York Coin Center at 167 Mott Street, NY, NY for 6 months during 2018.

15. Promoted and gave live presentations about NYCoin at numerous crypto conferences in and around New York City.

16. Paid to get NYC listed at STEX, Tokok, Folgory, Vindax, HodlHodl exchanges.

17. Paid to get NYC integrated at Chainz CryptoID.

18. Maintained control of all original websites and social channels. Warned investors about nefarious intent of "Community" infiltraitors.

19. Ensured NYCoin stood the test of time and didn't fade away like SO MANY other "shit coins". The Pioneer of NYC, still at the helm over 6 years later. Ensuring NewYorkCoin will ALWAYS be available for future generations to discover. And learn about the history, trickery and struggle of an original in the emerging new asset class of digital, decentralized cryptocurrency.

20. Forced the infiltraitor clown show (and their band of monkees) into the dark, seldom found corners of the internet where virtually nobody will ever see/hear them and not need to waste time with the incompetent infiltraitors ongoing shenanigans, smokescreens and deceit.