Topic: ► ► ► LTC IPO: Litecoin's Pre-Gox Project, fontas ► ► ► - page 6. (Read 21316 times)
hmm forum is harsh these days , for a young fonta and his pumping ways ..
Take a walk, kid.
What you're doing here will probably prevent MtGox from ever listing LTC you noob
I can't agree with trying to slow the network down - one of the best features of litecoin is that it is secure. If somebody were to plan a 51% attack to coincide with this plan and hash rate went down enough, the reputation of litecoin would be ruined.
^^^^
This = LOL
Litecoin Forum » Other » Scams and Fraud - Even the LTC staff chimed in on this
and here: http://www.reddit.com/r/litecoin/comments/1h741v/fontas_how_to_guide_others_into_falling_victim_to/?sort=new
and here: http://www.reddit.com/r/litecoin/comments/1h741v/fontas_how_to_guide_others_into_falling_victim_to/?sort=new
Here we go again....
The key is to mine with all machines, maximizing hash rate between Adj1 and Adj2. Right after Adj2 happens, turn the mining machines away, either mining other coins or turned off completely until Adj3. After Adj3, normal mining can resume.
With the high difficulty and low network hashrate, blocks will not be solved. That means when LTC holders try to transfer LTC to Gox to sell, it will take hours before the confirmations come in. As a result, a large amount of LTC is stuck in limbo, on the way to the Gox wallet but unconfirmed by the lagging blockchain.
With the high difficulty and low network hashrate, blocks will not be solved. That means when LTC holders try to transfer LTC to Gox to sell, it will take hours before the confirmations come in. As a result, a large amount of LTC is stuck in limbo, on the way to the Gox wallet but unconfirmed by the lagging blockchain.
That would damage LTC's reputation & possibly get Gox to drop it straight away.
So, most LTC miners won't do it.
w00t w00t in the..
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