Topic: delete - page 21. (Read 113463 times)

Standalone POS coins have many advantages over NXT - plus they far less resemble a bullshit hyip pyramid scheme (which after the initial POS influence on other developers NXT had - that is all it deserves ever be)

Yes, the majority of miners have turned mercenary (sometimes unbeknown to them) and all they want is ROI .... they decided that AUR wasn't going to give them the security they want so they voted against it, through that process they allowed all you greedy bitcoin holders an opportunity to 51% attack AUR's BC.

as for your second sentence - care to rephrase?

no, naive 

GG, which scam coin is next?

You can always rent shit ton of rigs on leaserig.net or betarigs.com and make 51% attack more succesfull.
Am I right?

Well, maybe it will...but we'll have to wait a long time.

That's actually better than a quick bubble. There's enough time to poke around with the nuts-and-bolts and see how it works.

so NXT is more secure  NXT to the Moon 

So you think mercenary scrypt miners willing to screw any scrypt blockchain to grab a few coins on some new scam out-hash the actual dedicated scrypt miners who mine to protect (secure) their holdings of scrypt based coins?

Do you also think that mercenary SHA256 miners who have no SHA256 coin wealth to secure out-number SHA256 hashes that exist for the purpose of securing the SHA256 coin holdings they own?

-MarkM-

^ that is one POV the other is that there are a lot of scrypt miners and they used their GPUs to vote against aur

It was destroyed from the start by the idiots or maybe more likely outright scammers who tried to con people into somehow imagining that scrypt is a viable method of securing a blockchain.

DOGE already showed how insanely vulnerable scrypt is, by conjuring up almost overnight so much hashpower that they could have totally screwed litecoin. It was lucky for litecoin that DOGE happened to be a "lets be yet another scamcoin" meme instead of being a "lets trash all the scrypt blockchains" meme.

Thus we already know that scrypt coins are just a meme away from being worthless.

Yet scammers keep on churning them out, since obviously they don't give a shit about other people's money except, of course, to steal it or scam people out of it.

Really what DOGE showed is not merely that scrypt is garbage but that CPU/GPU is not a viable way of securing a blockchain.

(Scrypt might actually be salvage-able, thanks to upcoming ASICs for scrypt, for one family of merged blockchains, all sharing the same massive hashing power, if that merged family controls more than half of the world's scrypt hashing power. Will that family be litecoin and friends or DOGE and friends, or will ltiecoin and DOGE adapt themselves to be merged mined together as one family so that litecoin and DOGE and friends could all be secured with the majority of the world's scrypt hashing power?)

The only reason bitcoin got away with using CPU then GPU then FPGA to secure its blockchain was that potential attackers were caught unprepared, they did not anticipate so much wealth being so easy to steal using mere raw brute computer-power.

Now they know well that blackchains can be attacked and how to attack them, and are loaded up with GPUs and CPUs and FPGAs.

Thus just a stupid meme can conjure up shitloads of raw brute computing power almost overnight.

Thus any serious attempt to secure a blockchain by proof of work needs to build ASICs before risking people's money on such a blockchain.

-MarkM-

Congrats to bcx and his cronies for trying to rob thousands of people of their REAL investment's.

Mum would be proud now.


This isn't about moving crypto's forward or they would be presenting a solution not being apart of the problem.

Can somebody sum up this situation in layman's terms ? I don't get it how/why this coin got destroyed, or by whom interests.

Right. They can mine, they cannot buy.
Do we now expect that everyone must be a miner to participate in a meaningful way in the crypto economy?  Does ZeroBarrier never buy and sell bitcoin, LTC etc?
Is he such an objectivist hard ass that he feels he must destroy anything that smacks of charity?

The airdrop, which despite weeks if accusations has shown no sign of being a scam, is a terrific way to put a lot of crypto in the hands of a geographically concentrated group of people.  It is conceivable that this will lead to people actually using it to **gasp** transact, rather than merely speculate.  This isn't about charity, it's about moving cryptocurrency forward.

Of coz it's him, no need to ask.

Are you serious? People give money to charities that help people in other countries all the time. Are you honestly saying that doing this is insane?

Isn't Iceland one of the best places in the world to mine?

Geothermal to generate electricity, cold climate to not need to waste electricity on air-conditioning, I thought it was one of the mining Meccas everyone wished they could relocate their mining operations to?

-MarkM-

Please explain how Icelanders are to acquire BTC, LTC, or DOGE.

Bitcoin is safe, can only go up, and is infallible. Mortgage your house and bet all on Bitcoin

Are You can call the coins that are protected from such attacks?

 I need to know in which coins can I invest.

Thanks in advance!

@ZeroBarrier

Your point about making it POS has merit. Playing devil's advocate here and not calling it scam. I presume, the developer wanted people from rest of the world to get involved as well. Isn't one of the premise is to free the currency flow. Also, I read on the Auroracoin forums where he (Baldur) very strongly supported flow of AUR with other currencies.

Looking at the evidence. The coins are being distributed and original team is trying to solve problems as they come across it. Also, they seem to be working on it full time; unlike other alts.
 
Don't know about the reason for the push to list on exchanges. But the premines were not sold even at that peak.

Really now? Then why the big push to get AUR onto exchanges and getting it's marketcap (falsely) to $300,000,000? And how about all the inital talk from AUR supporters claiming $1000+ would be oh so helpful to these poor souls in Iceland?


How else do you suppose they acquire coins from a POW cryptocurrency? Oh... Right... Handed to them for free... Gotcha... The why the fuck even make it POW?

Edit: tell you what, if the dev would have made it POS only and held an IPO only for the population of Iceland, I would have considered it way less of a bullshit scam and shenanigans than I do; but no, it just had to be POW, with no capital or even hash coming from Iceland itself. What a joke.