Topic: [ANN][THOR] THORCOIN | ASIC RESISTANT | PoS | Join the THOR Community! - page 24. (Read 76014 times)

I clearly stated that he has the power to do whatever he likes, not that it is happening automatically.
If he wants, he can make the blockchain go back in time (say even 100 blocks) and create a fork. Many things one can do with such a huge take over.

Didn't you see what happened with CEX.IO some weeks ago? They stopped accepting new registrations because they were near 33%, not the situation we are having in our hands with Thor coin.
Read the white papers about how cryptocurrency works. We all need to do it. It's not so simple as: Mine with the strongest...
There are rules that if broken, the whole system falls apart.
[/quote]

That is assuming CryptoPool.eu are bad guys out there to create chaos or kill the coin.... Several coins have total domination by one pool and they are doing quite well.

CryptoPool.eu is not accepting new users and therefore this problem should be deminishing over time. What would like them to do? Throw out miners alredy mining there?

It is rather strange then that in fact not all blocks are found by CryptoPool.eu, because they are not...
[/quote]

I clearly stated that he has the power to do whatever he likes, not that it is happening automatically.
If he wants, he can make the blockchain go back in time (say even 100 blocks) and create a fork. Many things one can do with such a huge take over.

Didn't you see what happened with CEX.IO some weeks ago? They stopped accepting new registrations because they were near 33%, not the situation we are having in our hands with Thor coin.
Read the white papers about how cryptocurrency works. We all need to do it. It's not so simple as: Mine with the strongest...
There are rules that if broken, the whole system falls apart.

It is rather strange then that in fact not all blocks are found by CryptoPool.eu, because they are not...

Now, THIS is something I would expect the coin developers team to answer.
If they don't feel the responsibility to explain how cryptocurrency works to their users, then I say let it die. Honestly, I'm too tired of this.
You guys let the greed blind you and you fail to see what is happening.

Let me explain it to you in simple words. Suppose I gave you a machine that prints US dollars. Real US dollars. And in a completely legal way (if possible).
And you started to print for yourself, your friends and family...

How long do you think it would take for the US dollar to have the value of a little more than a photocopy's cost?

That's why it's bad for the coin. The coin's algorithm is programmed in such a way, that if a block is found by 2 wallets, the one who has the more difficult PoW is preferred and the other is rejected. Now if a wallet has more than 51% of hashing power, can you imagine who's blocks will *only* be accepted, if he wants to do so?
And if he controls the block chain, he also controls the way transactions and blocks are saved/generated/verified.

In plain words: he can play God with the coin. Now, imagine you don't hold any of Thor coins. Under these circumstances, would you be willing to buy some of these coins, when it could be that at some time, God decided that your coins never existed?

Think about that...

And just why would the coin die because of this?

As long as cryptopool.eu is running, every miner is fine and so is the coin. They only accept invited miners now and their number of miners is not increasing very fast.

Thorcoin website is up.

http://thorcoin.org


The Thorcoin clients has been updated also to include checkpoints and the 3D logo.


Download now.
http://thorcoin.org/download.html

Don't be. Current status dictates that all exchanges will drop the coin if they see what's happening.
Someone has the power to create coins out of thin air, revert transactions, hard fork, just some of the things...


P.S. Please sent invite for thor.cryptopool.eu
email: [email protected]

@LazyCoins DONE!

Great to see some new exchanges pop up.

Folks, we are living the modern day gold rush! Really exciting!

Gentleman!

We need to reach 2000 followers before our launch on Sunday 6pm. Please come and show your support by following us on https://twitter.com/LazyCoins

and cryptopool accepts new registrations via invitations (which is why you see all those "invite me" posts)

If you ask me, that's lame. Sorry if I'm using strong words, but I really get very angry when I see such tactics...

"We stopped registrations but we still allow invitations..."

That's how much we care about the coin.

Cryptopool.eu currently hold 8.8 of 13.1, yes people need to leave that pool but miner just keep mining.

If it felt like I came hard on you, I apologize. It was not my intention (could be the fact that English is not my native).
I was just correcting the values with current.

The problem is that it's not alright... Check the numbers yourself and you will come to the same conclusion

I might be wrong and now everything is ok, but I saw this some time ago (never said that I talk about current hashrate).

It would help all the other pools a lot if you had the time to point us the problems you met with other pools, so we may fix them.

Thank you in advance

Please sent invite        thor.cryptopool.eu

[email protected]
Thanks!!

I disagree with the numbers you posted Cloudpost.

zeus has 0,38GHs and mindfox has ~0,5GHs from old and new stratum.

CryptoPoolSupport (Cryptopool.eu)

Increase pool fee up to 10-30%, then users will move to another pools. Very simple solution : )

other pool sux

can u send me invite to cryptopool ?

[email protected]

http://thor.cryptopool.eu/ has a little bugged hashrate meter. I checked other pools hashrates from dashboard and the total was way more than the net hashrate (like 10 gH total = 9 cryptopool + 1.7 zeus + 1 fox


Can you PLEASE remove that from your adv? Because it sound like all hashwork and uncomfirmed coins are in real danger and can be a real warning to all miners in your pool.