Real question is, why hasn't the exchange halted trading then if they stand to lose?
They'll lose only if someone transfers LTC to/from exchange's account. Trading inside an exchange is safe.
Topic: deleted - page 5. (Read 14587 times)
They'll lose only if someone transfers LTC to/from exchange's account. Trading inside an exchange is safe.
Wow, the price has been going up since BCX made this announcement. Talk about falling flat on your face.
That makes sense. If you think BCX will succeed and are immoral, then the way to profit at the exchange's expense is transfer a lot of LTC in to an exchange and sell them for BTC during the fork.If the attack is successful then the LTC deposit is rolled back and you can sell them again. Assuming there is somebody still willing to buy them.
In any case, lots of buying before the attack then lots of selling while the fork is being created is the pattern I would expect to see. Of course, that is the same pattern as a plain pump-and-dump scheme...
Real question is, why hasn't the exchange halted trading then if they stand to lose?
They still might.
Wow, the price has been going up since BCX made this announcement. Talk about falling flat on your face.
That makes sense. If you think BCX will succeed and are immoral, then the way to profit at the exchange's expense is transfer a lot of LTC in to an exchange and sell them for BTC during the fork.If the attack is successful then the LTC deposit is rolled back and you can sell them again. Assuming there is somebody still willing to buy them.
In any case, lots of buying before the attack then lots of selling while the fork is being created is the pattern I would expect to see. Of course, that is the same pattern as a plain pump-and-dump scheme...
Real question is, why hasn't the exchange halted trading then if they stand to lose?
This guy is a schmuck and anyone who takes his threats without proof seriously can join him under that banner.
He can DoS some sites? Big deal. That promotes him from anonymous coward to script kiddie.
People need to calm down, solo mine or join a private pool to keep the LTC network healthy.
That being said, for those who are worried still, I'm selling DoS Proof 51% Preventer Tin-Foil Hats for 100LTC. PM me if interested.
He can DoS some sites? Big deal. That promotes him from anonymous coward to script kiddie.
People need to calm down, solo mine or join a private pool to keep the LTC network healthy.
That being said, for those who are worried still, I'm selling DoS Proof 51% Preventer Tin-Foil Hats for 100LTC. PM me if interested.
Wow, the price has been going up since BCX made this announcement. Talk about falling flat on your face.
That makes sense. If you think BCX will succeed and are immoral, then the way to profit at the exchange's expense is transfer a lot of LTC in to an exchange and sell them for BTC during the fork.If the attack is successful then the LTC deposit is rolled back and you can sell them again. Assuming there is somebody still willing to buy them.
In any case, lots of buying before the attack then lots of selling while the fork is being created is the pattern I would expect to see. Of course, that is the same pattern as a plain pump-and-dump scheme...
I can't imagine that BTC-E isn't already thinking hard about this question right now. I'm sure they aren't willing to leave themselves holding imaginary coins.
Wow, the price has been going up since BCX made this announcement. Talk about falling flat on your face.
That makes sense. If you think BCX will succeed and are immoral, then the way to profit at the exchange's expense is transfer a lot of LTC in to an exchange and sell them for BTC during the fork.If the attack is successful then the LTC deposit is rolled back and you can sell them again. Assuming there is somebody still willing to buy them.
In any case, lots of buying before the attack then lots of selling while the fork is being created is the pattern I would expect to see. Of course, that is the same pattern as a plain pump-and-dump scheme...
But in all seriousness, just don't move any litecoins around for a few days and this whole thing should hardly effect you if it does happen.
Smart advice Vorksholk
I'll keep hold of my LTC then so this won't really affect me.
BCX once threatened to take down sc but has failed at that threat which I bet really pisses them off.
Really? Is sc still going?
I bet someone could really make some good cash selling tin foil hats for Litecoins right about now...
But in all seriousness, just don't move any litecoins around for a few days and this whole thing should hardly effect you if it does happen.
But in all seriousness, just don't move any litecoins around for a few days and this whole thing should hardly effect you if it does happen.
Wow, the price has been going up since BCX made this announcement. Talk about falling flat on your face.
I will start the second fork in about 11 hours 45 minutes beginning at 11:59am GMT.
For those that don't truly under stand 51% attacks Coblee the creator of LTC explained it below.
I think most people don't understand a 51% attack. His fork will be mined in secret. So his EC2 instances and botnets and gpus will not be talking to any machine on the main network during the duration of the attack. Only when he is releasing the longer chain, would one of his machine need to announce the chain to everyone. So during the attack, you will not notice anything like an increase in hashrate.
You have until I start my new fork to to sell, transfer, move or buy and remain on the original fork. After I start the second fork I will run it for three days. Then I suspect all pools will be hit on Friday sometime dropping the hashrate so I can over take the original chain and force all nodes onto my new chain. All transactions conducted on the original chain after I start my second chain in 12 hours will simply not exist when I deploy the larger forked chain. That includes buys, sells and moves and yes this includes transactions to exchanges.
So you have about 12 hours to do what you want, so get busy.
I would highly suggest LTC Dev to implement a current lock in ASAP.
Hey at least i'm giving you warning.
~BCX~
It doesn't make sense to give a warning.
The details have changed several times just in this forum.
Litecoin is doing very well/healthy in network speed. It would be costly/difficult.
DDoS'ing websites is illegal. Why risk legal trouble over forum disputes?
Non of this makes sense unless you think, how could I make money on a Litecoin market that previously only went up and down by .0001 daily? Hope you idiots enjoy the few hundred dollars you might get out of this. If you would have put that effort towards promoting Litecoin, your shares might have gotten more value that way.
Nothing to see here! Move along!
BCX,I'm curious to know what do you hope to achieve by doing this 51% attack against LTC? To encourage the dev to improve security? Or for other reasons? Can users still mine like before on this 'new' chain of yours? or will the landscape change completely?
Nothing changes except all transactions that occurred between the point his attack chain started and when his longer chain is released to the network may be reversed/altered/double spent. From then on the new chain will be mined on by everyone as normal.
I will start the second fork in about 11 hours 45 minutes beginning at 11:59am GMT.
For those that don't truly under stand 51% attacks Coblee the creator of LTC explained it below.
I think most people don't understand a 51% attack. His fork will be mined in secret. So his EC2 instances and botnets and gpus will not be talking to any machine on the main network during the duration of the attack. Only when he is releasing the longer chain, would one of his machine need to announce the chain to everyone. So during the attack, you will not notice anything like an increase in hashrate.
You have until I start my new fork to to sell, transfer, move or buy and remain on the original fork. After I start the second fork I will run it for three days. Then I suspect all pools will be hit on Friday sometime dropping the hashrate so I can over take the original chain and force all nodes onto my new chain. All transactions conducted on the original chain after I start my second chain in 12 hours will simply not exist when I deploy the larger forked chain. That includes buys, sells and moves and yes this includes transactions to exchanges.
So you have about 12 hours to do what you want, so get busy.
I would highly suggest LTC Dev to implement a current lock in ASAP.
Hey at least i'm giving you warning.
~BCX~
If that makes you feel better....
You have me looking at a Network Hash Rate Distro Chart and seem to be trying to WORRY users, by silently taking claim of the current UNKNOWN 61% of the Network ?
You don't stand a chance. Sorry....and NONE of that hash power is you.
With the power of Jesus and Doosh-jr's cock inside of you from behind, you still couldn't pull it off, regardless of the 'donations' that you were 'accepting'...LMAO
Is everyone BEHIND YOU for this ? are they really ?....IN BEHIND YOU ?
What bothers me most about you, all politics aside, is the fact that I don't think you would even have the common courtesy to offer any of them a reach-around when all was said and done.
While I applaud the effort in crafting a good attack post... I would like to point out the awkward physical impossibility of the receiver in this description providing a "reach-around"! The reach-around is best served up by the driver at the rear, availing themselves of the unused cock left unserviced while the penetration is happening.
...or they might just appreciate a finger in the ass ?
If that makes you feel better....
You have me looking at a Network Hash Rate Distro Chart and seem to be trying to WORRY users, by silently taking claim of the current UNKNOWN 61% of the Network ?
You don't stand a chance. Sorry....and NONE of that hash power is you.
With the power of Jesus and Doosh-jr's cock inside of you from behind, you still couldn't pull it off, regardless of the 'donations' that you were 'accepting'...LMAO
Is everyone BEHIND YOU for this ? are they really ?....IN BEHIND YOU ?
What bothers me most about you, all politics aside, is the fact that I don't think you would even have the common courtesy to offer any of them a reach-around when all was said and done.
While I applaud the effort in crafting a good attack post... I would like to point out the awkward physical impossibility of the receiver in this description providing a "reach-around"! The reach-around is best served up by the driver at the rear, availing themselves of the unused cock left unserviced while the penetration is happening.
I say BTCEX is fakin'
Just sayin'
Just sayin'
Yup. Looking at a bunch of SOLO MINERS (myself included)......what's your fucking point, RETARD ?
If that makes you feel better....
Just a demonstration for the non believers. Trust me I have 51% down
Its a demonstration of nothing.
Well, go for it. But fork it knowing that this is helping me pay rent. Go ahead. Do it cause you can.
Thanks, appreciate the encouragement and support!
I don't understand other humans^^
It seems like most you don't even understand how she is going to attack. 51% here, 51% there.
When the pools go down, the story will change.
Looking forward to it.
Yes the second chain wont touch the network so the hashing power wont be shown. When the pools go down, the story will change.
Looking forward to it.
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