Topic: Confirmation: PowerCoin was 51% attacked - page 4. (Read 6809 times)
Who wants to buy my PWC?
Powercoin isn't an altcoin I played with personally, but why is a single attack cause to shutdown? Is that even possible? Wouldn't the coin keep going as long as people mine and run nodes?
That's correct but there will no longer be developer support.
Never had even 1 PWC and don't like NWO but 51% attackers are utter cunts.
Why, what was the benefit to the killer? Other than to eliminate the coin?
http://www.youtube.com/watch?v=3OyrX11cMkE
Exactly just to do it
i lost out on this deal.
Powercoin isn't an altcoin I played with personally, but why is a single attack cause to shutdown? Is that even possible? Wouldn't the coin keep going as long as people mine and run nodes?
Why, what was the benefit to the killer? Other than to eliminate the coin?
http://www.youtube.com/watch?v=3OyrX11cMkE
Why, what was the benefit to the killer? Other than to eliminate the coin?
What were the improvements of Powercoin again?
It had power in its name.
What were the improvements of Powercoin again?
Not sure to be happy or not right now. Sucks to be one of the people that lost money...
I'm sure it sucks to lose money. However, people dumb enough to invest their time, money, and resources into these insecure copy/paste coins have it coming to them.
I've made money on some of the copy-coins, particularly Feathercoin when I dumped my instamine on BTC-e the minute it was listed. I don't hold copy/paste coins for more than 24 hours after mining them but only mine LTC these days anyhow.
Yep. i heard the same comments made about dot com stocks. People dumb enough to invest their time, money, and resources into these fly by night dot com stocks have it coming to them. You are such a genius!!
I bet you shorted Amazon!
No risk, no gain!!!!
Oh sorry, maybe you weren't around for the dot com stock thing!
there was a powercoin?
Not sure to be happy or not right now. Sucks to be one of the people that lost money...
I'm sure it sucks to lose money. However, people dumb enough to invest their time, money, and resources into these insecure copy/paste coins have it coming to them.
I've made money on some of the copy-coins, particularly Feathercoin when I dumped my instamine on BTC-e the minute it was listed. I don't hold copy/paste coins for more than 24 hours after mining them but only mine LTC these days anyhow.
Not sure to be happy or not right now. Sucks to be one of the people that lost money...
Excellent news! Looking forward to seeing the next copy-coin getting killed, and the one after that...
Just an official statement that PowerCoin PWC did suffer a 51% by an individual from a Chinese IP. I just wanted to clarify the rumours and to thank the community for their continued support over the months. What a journey it has been! 
From this point forward PowerCoin will cease to exist. I will be in talks with Paul (BigVern) about a resolution for funds in cryptsy.
Let it be known that this was not only an attack on PowerCoin, but an attack on the crypto community. Who are we to dictate which coin lives or dies, the markets and the people will determine a future online currency. Just how Bitcoin is an experiment for something even greater to stand upon it.
From this point forward PowerCoin will cease to exist. I will be in talks with Paul (BigVern) about a resolution for funds in cryptsy.
Let it be known that this was not only an attack on PowerCoin, but an attack on the crypto community. Who are we to dictate which coin lives or dies, the markets and the people will determine a future online currency. Just how Bitcoin is an experiment for something even greater to stand upon it.
Jump to: