Topic: AURORACOIN - Empowering Financial Freedom - page 77. (Read 138034 times)

What about the solution Gulden is using to protect them from double spend attacks?

I'm developing monitoring software, and noticed this when I started it this morning. While this is  something we don't really want, it is currently the reality. That's why I'm giving this warning. I guess it will happen more often in the future.

If people want to protect themselves against a double spend attack, people should at least wait for a block found by pools AYovB1fohMrn7FSnVF8iDAJzVQvY7D8ykr or AHA5ib4eehh5Gkonv4ZPMZDz3zTS5wn6X5 (together about 40% hash rate) before confirming a transaction. The first one is my own private pool, the other is AURpool, which is run by LTEX (dev team member).

I'm developing monitoring software, and noticed this when I started it this morning. While this is  something we don't really want, it is currently the reality. That's why I'm giving this warning. I guess it will happen more often in the future.

If people want to protect themselves against a double spend attack, people should at least wait for a block found by pools AYovB1fohMrn7FSnVF8iDAJzVQvY7D8ykr or AHA5ib4eehh5Gkonv4ZPMZDz3zTS5wn6X5 (together about 40% hash rate) before confirming a transaction. The first one is my own private pool, the other is AURpool, which is run by LTEX (dev team member).

great, 51% is the last thing this coin need

People should be cautious when receiving coins. One miner (AVNY6cjEbr3GRaXeFHrxtzAAsWfn8eg53Y) has >50% hashing power.

I would like to ask the pool owner mining to this address to contact me.

Since you address the foundation here I think I should add a bit on top of what LTEX has just explained.

There are two things that can give an altcoin some value. One is that it has some new technical feature/s that gives it advantage over Bitcoin and other altcoins and that is something Auroracoin does not have. The second is usage. A coin that could get common usage among the general public has value and that is what Auroracoin was designed to do. The idea was to distribute a coin to a nation where everyone could have a chance to participate and get free coins to start a functioning economy in a bang to see how and if a cryptocurrency at this early stage of development would work in mass adoption. From that every cryptocurrency including Bitcoin could take a lesson, regardless if Auroracoin would be successful or not. It would show how a cryptocurrency would be accepted by the general public, what legal, social, political and technical obstacles it might have to face and that is something that crypto in general will benefit from.

This is why the main focus in Auroracoin development is focused on Iceland as that is what gives Auroracoin it's value. Without this it is basically like most other Bitcoin clones out there, valueless. If however Auroracoin is successful in getting some proper adoption and usage in Iceland it would naturally be valuable for the rest of the world as it would have achieved something that no other altcoin has yet. So you can see how promoting and creating solutions for the coin in Iceland is more important and need to happen before any kind of development for the global market.

So that being cleared I want to address another thing and that is regarding the foundation that you were addressing. This is a common misunderstanding here so I just like to clear it up again. The Icelandic Auroracoin foundation is not and will never be the official developer of Auroracoin nor any other project related to it. Auroracoin is being developed by the Auroracoin developer group which is a separate entity and all other projects related to Auroracoin that are being worked on now are efforts of individuals or groups that support this coin and the idea behind it.

The Icelandic Auroracoin foundation as the name implies, was created to promote Auroracoin in Iceland and to educate the Icelandic public about Auroracoin and the blockchain technology. It was founded by Icelanders and it's members are and can only be Icelandic. It's an official entity that Icelandic people can turn to regarding any matter of Auroracoin be it for information, legal status or adoption. The foundation will of course have some weight in deciding what direction the coin will be developed as the foundation grows but it does not dictate it. The foundation got a donation of 1 million AUR from Baldur the founder of Auroracoin and the way that funds will be used are stated here http://aurarad.is/sjodurinn/. The site is in Icelandic but I hope that until we have time to put this on the English page on the foundation site that Google translate would suffice. To sum it up the M1 fund like we call it, will be spent on getting Auroracoin adopted in Iceland.

So regardless if you or anyone else is working on a project that contributes to Auroracoin being adopted in Iceland then that project would of course be eligible for support from the foundation. If you want support for your projects for adoption outside Iceland then you should direct that to the Auroracoin developer group or the community around Auroracoin.

I hope you don't take this the wrong way. I'm just clearing up a few things here so there is no misunderstanding about it. And like LTEX just stated, we could always use more active and enthusiastic supporters like you.