You know, I am surprised we don't just code into Bitcoin to shut down if faced with a need to reorg more than 5 blocks, rather than accepting an attack chain. Then all an attacker can do is temporarily DoS a chain - far less disruptive than rolling back transactions.
Topic: Pool Ops are now the Alt Currency Police - page 6. (Read 13951 times)
Luke's pool has far less than 51% of the hashing power of the top ten pools combined, and is not even the largest of the top ten pools. There are a number of pools that could all by themself "fix" Luke's attack.
Judging from his comments in #bitcoin, I think that Tycho is basically in agreement with Luke's actions here, and since Deepbit makes up 40-50% of the total Bitcoin mining power by itself...at the moment deepbit makes ~30 % of btc-mining (3341 of 11714)
this percentage is enough
there have been periods in the past where he had ~ 50 % and a bit more some time...
but the acceptance of destroying alt-coins is not transferable to btc, because the king-coin makes his days!
gmaxwell ( responsible for the LTC TX spam attack )
Right! 
I congratulate people like gmaxwell ( responsible for the LTC TX spam attack ) and Luke-Jr.
Screw the alt chain scammers and their pump and dump schemes. Luke-Jr is morally sound and I am really glad scams like CoiledChain are dead and stop staining the name of Bitcoin with the pump and dumping that goes on.
Well done to you both ! Screw the scammers and pump & dumpers.
Just like he said : All scamchains like SolidCoin, LiteCoin, CoiledCoin are a plot to steal BTC from the fools.
Now CoiledCrap is dead, what will be the next scamchain of the week ? 419coin ?
Screw the alt chain scammers and their pump and dump schemes. Luke-Jr is morally sound and I am really glad scams like CoiledChain are dead and stop staining the name of Bitcoin with the pump and dumping that goes on.
Well done to you both ! Screw the scammers and pump & dumpers.
Just like he said : All scamchains like SolidCoin, LiteCoin, CoiledCoin are a plot to steal BTC from the fools.
Now CoiledCrap is dead, what will be the next scamchain of the week ? 419coin ?
Luke's pool has far less than 51% of the hashing power of the top ten pools combined, and is not even the largest of the top ten pools. There are a number of pools that could all by themself "fix" Luke's attack.
Judging from his comments in #bitcoin, I think that Tycho is basically in agreement with Luke's actions here, and since Deepbit makes up 40-50% of the total Bitcoin mining power by itself... 
The funny thing about this all is, it took the power of Luke's pool to pull this off, because without it, he's essentially NOTHING and a threat to nobody.
I've spent enough time at BTC-e Exchange chat, reading his dribble about how Litecoin is also a scam coin, but the sad fact of the matter is, he's powerless to do anything about it, as it's a CPU mined Alt.
With his personal vendetta against CLC, I0X and I0C...he was able to leverage the power of the pool that he admins to do them damage.
He essentially has NOTHING of his own to use in his battle against GPU-mined Scam Coins (as he calls them) that would be even marginally effective and with CPU Alts still thriving, it seems he has even less resources at his disposal to cause any significant disruptions for them.
I would hope that once his pool miners wake up a bit, they all leave his pool in a mass exodus and take their resources elsewhere, to be under the management of another, more HONEST pool Op that will not abuse his/her status, using other's hashing power to fuel their personal ego trips and/or conquests against other Alts in the future.
Absolute power corrupts....absolutely.
I've spent enough time at BTC-e Exchange chat, reading his dribble about how Litecoin is also a scam coin, but the sad fact of the matter is, he's powerless to do anything about it, as it's a CPU mined Alt.
With his personal vendetta against CLC, I0X and I0C...he was able to leverage the power of the pool that he admins to do them damage.
He essentially has NOTHING of his own to use in his battle against GPU-mined Scam Coins (as he calls them) that would be even marginally effective and with CPU Alts still thriving, it seems he has even less resources at his disposal to cause any significant disruptions for them.
I would hope that once his pool miners wake up a bit, they all leave his pool in a mass exodus and take their resources elsewhere, to be under the management of another, more HONEST pool Op that will not abuse his/her status, using other's hashing power to fuel their personal ego trips and/or conquests against other Alts in the future.
Absolute power corrupts....absolutely.
But looking at the listed hash rates of the top ten pools, it seems a very easy 51% to fix?
How? 51% "vulnerability" is inherent in blockchains.
Luke's pool has far less than 51% of the hashing power of the top ten pools combined, and is not even the largest of the top ten pools. There are a number of pools that could all by themself "fix" Luke's attack.
They might not even have to use their member's hashing power without prior consent either; they could openly offer their members the option of merged mining more chains. We haven't yet even discovered how many chains is the practical limit for a pool to merged-mine at once.
-MarkM-
In this case, Merged Mining was not a tool, BUT A WEAPON that served the purpose that the Pool Op intended to use it for.....AS HE EXCLAIMED WITH JOY ON MORE THAN ONE OCCASION, yet posting logs here to prove it would only result in the removal of said logs due to protest by Luke himself.
Go figure....
Go figure....
Why not just post the logs. I doubt mods would remove it. If anything it *may* (not that I speak for mods or admins) lead to a scammer tag and/or banning if they prove what you say they prove.
I am actively trying to obtain more chat logs as I write this, for my own amusement, if nothing else.
In this case, Merged Mining was not a tool, BUT A WEAPON that served the purpose that the Pool Op intended to use it for.....AS HE EXCLAIMED WITH JOY ON MORE THAN ONE OCCASION, yet posting logs here to prove it would only result in the removal of said logs due to protest by Luke himself.
Go figure....
Go figure....
Why not just post the logs. I doubt mods would remove it. If anything it *may* (not that I speak for mods or admins) lead to a scammer tag and/or banning if they prove what you say they prove.
But looking at the listed hash rates of the top ten pools, it seems a very easy 51% to fix?
How? 51% "vulnerability" is inherent in blockchains.
One way to look at it is that the block chain needs consensus (any dispute in validity need to be resolved).
In an election we use 1 person = 1 vote.
In a stock vote we use 1 share = 1 vote.
However block chains are psuedo anonymous so we use 1 hash = 1 vote. It works perfectly as long as the "bad guys" never have more hashes than all the good guys combined. They will simply be outvoted.
But looking at the listed hash rates of the top ten pools, it seems a very easy 51% to fix?
Or are all the pool operators akin to the lukester?
-MarkM-
Or are all the pool operators akin to the lukester?
-MarkM-
brute forcing and getting a longer chain doesn't "break" the currency does it? sure, luke or whomever gets the generated coins that other miners originally assumed they got but the currency itself could keep on going after, right?
it can "break" the currency if the miner has greater than 51% and refuses to accept other miners blocks and refuses to include any transactions. Because they have >51% they always have the longest chain. No one else gets blocks, no transactions are allowed, so the chain is effectively dead. It's a pretty nifty example of the power of >51% hash rate. Miners and exchanges who stupidly believed a short lock period on a new chain was sufficient broke it.
...and Pool Ops that abuse hashing power that doesn't belong to them to attack the competition, only to refuse transaction processing, orphaning everyone in the process.Exactly....nothing wrong with that.
I honestly wish that I could reach through my screen and poke everyone in the forehead and scream WAKE UP, that uses the 'Merged Mining' excuse to help Luke's cause. IT HAD NOTHING TO DO WITH MERGED MINING OTHER THAN MERGED MINING ITSELF BEING USED MALICIOUSLY.
In this case, Merged Mining was not a tool, BUT A WEAPON that served the purpose that the Pool Op intended to use it for.....AS HE EXCLAIMED WITH JOY ON MORE THAN ONE OCCASION, yet posting logs here to prove it would only result in the removal of said logs due to protest by Luke himself.
Go figure....
They only got 7 before Luke brute forced the plug to be pulled for "being a scamcoin".
brute forcing and getting a longer chain doesn't "break" the currency does it? sure, luke or whomever gets the generated coins that other miners originally assumed they got but the currency itself could keep on going after, right?
was it that bitcoin was only able to sneak through this phase because at the time there was no familiarity/fear of proof-of-work crypto currencies, no competitors to knock it down and no 100s of ghash/s excess capacity?
Exactly. Is there some rule that large miners can't merge mine alt-coins?
Bitcoin did have first mover advantage. Hashing power grew organically and slowly and by the time large amounts of hashing power was available it was past that critical "early phase".
A large amount of hashing power didn't break the chain. Miners and exchanges who stupidly believed a short lock period on a new chain was sufficient broke it.
On edit: A useful countermeasure would be to replace the static locking time (120 blocks) for new coins w/ a variable one based on block chain length. Maybe starting out with a lock of 1000 (not much use for alt-coins on day 0 anyways) declining wot 120 blocks based on block length over say the first year.
This has got to be a hoax. I highly doubt someone could be so much fail. It makes no sense at all, why just toss away all respect he ever had and his whole pool? I don't know but if he did do it I bet he was drunk or on drugs. No one would any compassion or apathy would be so abusive.
link to some evidence he was involved in this??
Link. There are others, plus his messages in IRC though he's been pressuring people into not quoting those.
link to some evidence he was involved in this??
brute forcing and getting a longer chain doesn't "break" the currency does it? sure, luke or whomever gets the generated coins that other miners originally assumed they got but the currency itself could keep on going after, right?
He's preventing anyone from getting blocks or performing transactions and has no incentive to stop, so it's kind of dead. He was also hinting in IRC that he might do the same to I0coin and Ixcoin and has more than enough hash power to do so, but it's possible he was joking.was it that bitcoin was only able to sneak through this phase because at the time there was no familiarity/fear of proof-of-work crypto currencies, no competitors to knock it down and no 100s of ghash/s excess capacity?
No-one had the required financial incentive to attack it in this way. They only got 7 before Luke brute forced the plug to be pulled for "being a scamcoin".
brute forcing and getting a longer chain doesn't "break" the currency does it? sure, luke or whomever gets the generated coins that other miners originally assumed they got but the currency itself could keep on going after, right?
was it that bitcoin was only able to sneak through this phase because at the time there was no familiarity/fear of proof-of-work crypto currencies, no competitors to knock it down and no 100s of ghash/s excess capacity?
A great way to introduce new users to Cryptocurrencies and instil faith.
So we should instill false and unjustified faith in random cryptocoin ponzi schemes? Since you won't provide the link as facts are an antidote for FUD: https://bitcointalksearch.org/topic/dead-coiledcoin-yet-another-cryptocurrency-but-with-opeval-56675
They only got 7 before Luke brute forced the plug to be pulled for "being a scamcoin".
So— You're mad that your 'friend' only got to mine seven blocks before someone with a lot more hash-power dominated the chain? Sounds kinda petty.
Pointless.....another lukedashjr clone......
You guys must go to church together.
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