this hostile attitude is very bad for business.
Logarithmic-scale plot of how much other stuff is worth as measured in bitcoins:
http://galaxies.mygamesonline.org/plotbtc.html
logarithmic-scale plot of same stuff plus also showing bitcoins themselves, as measured in the highest valued one of the lot:
http://galaxies.mygamesonline.org/plotmbc.html
WARNING: the logarithmic scale makes skyrocketing exponential growth look like just a slight upward curve. Similarly it makes the decline of bitcoin value look like a gentle downward trend instead of a cataclysmic fall from heaven.
(On this second plot, bitcoin was top dog on the left, but has now been surpassed in value by four alts so far...)
-MarkM-
Topic: Mining pool dedicated to knocking out alt coins? (Read 2170 times)
Let me know when you want to attack 
You don't make sense.
DnT might be on to something, he's trying to short litecoin by borrowing them here. I haven't heard an update on his progress though. And it's a pretty risky business and wouldn't "knock out" anything.
Besides specifically implementing a "killer" cryptocurrency there is no way from profiting from such an attempt. (See my thread above, since some of you are engage in discussing hostile concepts I'd though I play along.)
DnT might be on to something, he's trying to short litecoin by borrowing them here. I haven't heard an update on his progress though. And it's a pretty risky business and wouldn't "knock out" anything.
Besides specifically implementing a "killer" cryptocurrency there is no way from profiting from such an attempt. (See my thread above, since some of you are engage in discussing hostile concepts I'd though I play along.)
Lol post got deleted by mods. Apparently attacking alt chains is okay. Explaining how to profit by attacking alt chains is not okay. Forbidden knowledge.
I call bullshit.Actually you are right. I was wrong. Sorry about that. Will delete false accusation.
The OP posted two almost identical thread topics in different sub-forums. I got confused by this.
https://bitcointalksearch.org/topic/mining-pool-dedicated-to-knocking-out-alt-coins-127438
https://bitcointalksearch.org/topic/wanted-mining-pool-to-take-out-alt-block-chains-127449
Sorry again.
Lol post got deleted by mods. Apparently attacking alt chains is okay. Explaining how to profit by attacking alt chains is not okay. Forbidden knowledge.
I call bullshit. Lol post got deleted by mods. Apparently attacking alt chains is okay. Explaining how to profit by attacking alt chains is not okay. Forbidden knowledge.
Well you know what they say when life gives you lemons make lemonade. Where is your entrepreneurial spirit great chance for your "Have fun and profit by attacking alt-chains" newsletter/subscription service.
I think its funny alt coins cause such fear in bitcoin users. Maybe they are scared something better will come along and stab the baby?
Scared to death actually. I don't understand it either...
Ok I may understand it as a certain attitude is present among some.
So many bitcoin supporters shit their pants thinking of a viable alternative to bitcoin. It is like going against the "religion" of bitcoin.
1. Thou shalt not create another block chain to compete with bitcoin.
If you break that they question you like: "What's the point of LTC?" ROFL!
LOL!
Is there a mining pool dedicated to taking out alt coins via a 51% attack?
I would gladly donate my GPU/CPU's to it.... especially when ASICs come out.
I would gladly donate my GPU/CPU's to it.... especially when ASICs come out.
Absolute noob question.
I think its funny alt coins cause such fear in bitcoin users. Maybe they are scared something better will come along and stab the baby?
Scared to death actually. I don't understand it either...
Ok I may understand it as a certain attitude is present among some.
I think its funny alt coins cause such fear in bitcoin users. Maybe they are scared something better will come along and stab the baby?
Yay! free publicity. What more can we ask for.
Might contact Vladimir on that
Might contact Vladimir on that
In all seriousness, can someone provide a logical argument against alt coins?
I've yet to see one.
I've yet to see one.
Well vs SOME the argument would be the following:
It's an obvious pump and dump designed to make money for those behind it (from selling their pre-mined coins) at the expense of others.
Attacking it early reduces the profit they make.
Preventing/reducing them making money from gullible users is good - we have some duty to try to protect the naive.
Then there's the more general argument that the effort put into many of the alt-coins would benefit the community more if it was put into developing existing coins.
Not saying I particularly agree with either of those arguments but they do have logic to them (it's the assumptions made to justify the logic - not the logic itself - that are questionable).
In all seriousness, can someone provide a logical argument against alt coins?
I've yet to see one.
I've yet to see one.
Arlttacking them is potentially profitable. What better argument is there?
In all seriousness, can someone provide a logical argument against alt coins?
I've yet to see one.
I've yet to see one.
More power to you. I will donate BTC towards funding these attacks.
Litecoin will be difficult. Target all the others first.
Litecoin will be difficult. Target all the others first.
When ASIC comes out..... if u don't have a SC single or more..... i'd be surprised if you and others in a pool would be able to compete with any of the big altcoins.... and why u want to destroy others development and waste their time?? BBQ coin was 51% attacked... so there are case studies out there of how to do it, and that it is possible, but think u would upset a fair few people if you dedicated your time to this... but gl to ya
Is there a mining pool dedicated to taking out alt coins via a 51% attack?
I would gladly donate my GPU/CPU's to it.... especially when ASICs come out.
I would gladly donate my GPU/CPU's to it.... especially when ASICs come out.
Hit Luke-Jr up he is always up for a good coinocide or has been in the past perhaps he can help you out.
Not as simple as you may think.
PS: GFY
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