Topic: delete (Read 9835 times)

Class act man, but nobody gets it that much !

I'm not talking about the fake extortion PM that's been posted.

I believe BCX when he says he's not the one doing the extorting.  He's admitted that he just takes orders from the extortionists.  Don't see any reason why he would lie about that.

Also, if BCX were the one doing the extortion, I'm pretty damned sure he'd want payment in BTC, not Aurora, LOL.

No, what I'm talking about is the evidence in public posts on this forum.  The extortionists described exactly how the scheme works, including what they charge.  If they don't pay, they sick BCX on them.  BCX said he just attacks whatever coin they tell him to.  Those are public posts. 

Do you really think those posts were somehow faked? 

one month to get that shit working again lol

Spotty, i am sure you are the only guy here who 'gets it'. You are just so obviously more experienced and superior to everyone else !

How often do you 'get it', anyway ?

~<^>~

Was there ever a time that the bitcoin blockchain was known-insecure ?

You are absolutely correct. All this does is force countries to do one of two things.

1. Outlaw crypto currencies, and put a ban into them from being used anywhere except underground sources.

2. Force the SEC to find a way in regulated it, thus making it a federal crime to interfere with the workings of said currency.

If they cannot find a way to regulate it, see 1. Personally, I'd rather they ban them instead of regulate. Regulations opens up the door to more corruption than we're experiencing in some cases.

Real smart people making moves here, and doing something as fucking stupid as trying to intervene with a coins workings that the person does not agree with. Good job doofus

^^This is what he said ^^
If you quote someone..atleast get it right

BCX said block 5400 in August, seems like Altcoin Hitler's calculations were pretty off

BCX, thats all u got right now? Come on, i wanna see more power

GRouPcoin actually has quite a lot of hashing power now. CoiLedCoin doesn't because no large public merged mining pool has picked it back up yet, but that just makes it an excellent opportunity for private merged miners to accumulate a hoard before the difficulty does skyrocket. GeistGeld is also a great opportunity for private merged mining, and has such fast blocks that all the crapcoins with fast blocks but no way to actually secure their blockchain should eventually get blown away by it IF there is any truth in the notion that fast blocks are a good thing.

The big difference is the ability to actually secure the blockchain.

-MarkM-

Block 5384 just posted, so the chain is moving -- just very slowly and erratically.
https://aur.cryptocoins.at/explorer/chain/auroracoin

Oh, come on... Most of these coins will go the way of coiledcoin, groupcoin, et al... You know that just as well as I do.

Now I'll shamelessly plug my latest article on Auroracoin . http://cryptolife.net/cheating-the-system-auroracoin-edition/

Thanks for the analysis MarkM -- very interesting.

What you said makes sense, but don't you think new coins, maybe 'appcoins' instead of 'altcoins' are desireable?  By that I mean new coins that have fundamentally new code which implements various features instead of those that just forking existing code.  It will be interesting to see how ethereum tries to secure their network out of the gate.

For a lot of people I talk to about bitcoin, the distribution model puts them off because they feel late to the game and uncomfortable mining themselves.  However it plays out, I think attempting a nationwide, fair distribution of a cryptocurrency is an interesting experiment.  Unfortunately, as per this thread, block confirmations are crawling.

Do you have any special insight into exactly what is happening with the auroracoin block chain and if the problem is soluble?

Here is an overview of the current/recent blockchain status: https://aur.cryptocoins.at/explorer/chain/auroracoin

GPU is more and more stupid to use at all, as more and more consumer computers have onboard GPUs of one kind or another so the GPU realm is more and more for botnets.

Also the people easily swayed by memes are more likely to have GPU/CPU than ASIC so as long as only CPU or GPU can be used to mine a coin it will probably remain insanely vulnerable because its miners are not committed, they will fly away at the drop of a stupid meme.

So basically to make a new coin get ASICs made for a new algorithm then launch a coin to use that algorithm. AFTER the ASICs are ready to ship or preferrably have the blockchain launch the same moment that all the Walmarts and futureshops and source stores and so on open the sale of the ASIC units, so people can queue up at such stores camping out waiting for the midnight when the new ASIC will be available in the stores and the key to unlock the miner code / blockchain will be released...

Better yet just don't use blockchain, blockchains are insanely expensive to secure. Use the highest difficulty/hashrate existign coins if you must use a blockchain coin, for anything new forget blockchains trying to secure them is insanely expsensive. Clone ripple or next or whatever instead.

But mostly we just don't need new coins, we need new projects that make existing coins useful.

-MarkM-

Let me put this gently.

If the people of Iceland want this coin to succeed, there is only one thing they need to do. 

They need to secure the damned blockchain.

That means point your computers at it and mine.

MarkM -- which algorithms would you suggest for new coins? 
Where do you think GPU hashing power will resolve once scrypt ASICs have pushed them out of scrypt pools?

Blockchains are insanely expensive to secure.

Starting a new blockchain using scrypt is utterly insane, especially since DOGE came along and showed how much scrypt hashing power can be whipped up almost overnight just by a stupid meme. Had a "PWN the blockchains" meme been used instead of a stupid animal meme that would have PWNd even litecoin, so we saw that even litecoin was not secure. Maybe if litecoin and DOGE used merged mining so their hashing power could be added up instead of cancelling each other out there might be a chance for a secure scrypt chain, or maybe if the vast majority of the KnC scrypt ASICs when they come out all support just one of those two chains there might be a chance for an scrypt chain that is secure, but until then basically scrypt is an insecure algorithm, the worst choice available for any new coins.

So basically who-ever came up with Aurora was an imbecile as well as possibly being a scammer.

Scamming people into "investing" into a known-insecure blockchain is pretty much a scam, or at best criminal negligence / fiscal irresponsibility.

-MarkM-

Whens the IPO..!!

Hitler to the moon.....

May be an idea to not promote it in the Isracoin section.

That Facebook group is very interesting.. it seems that Icelanders are actually using cryptos as it was meant to be used (outside of fiat), and not as just pure investment vehicles. 

I always suspected as much given what I know about iceland.. I'm glad to see it happening.

At the same time i think it's good for us to continually expose vulnerabilities early so it can be patched/fixed quickly.  Let the attacks come, it can only make cryptos stronger in the long run... Developers in Iceland will be rallying around this and fixing it quickly... they have some smart people over there

You noobs with your spam are 10x more detrimental to the altcoin scene than BCX ...

That's before I read above that BCX actually saved Litecoin, just by trolling!