PWC is killed by 51% attack | Bitcointalksearch.org

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: markm on June 18, 2013, 09:43:00 AM

Quote from: ?? on ??

Also NMC is a currency that makes sense just for DNS if you forgot that.

Not just for DNS. it is also one of the methods you can use for a top level identity behind Open Transactions nyms, so you can change nyms, retire nyms and so on while still having a secure basis of identity behind them all showing they are all controlled by the same namecoin address.

-MarkM-

MarkM...could you elaborate? I searched keywords to get a handle on how this might be, or if there is an explicit service. Or perhaps you mean inherently this is possible by using NMC to purchases .bit urls? I'm genuinely curious what you mean...

mm8000

newbie

Activity: 42

Merit: 0

RIP PowerCoin

Cry

NWO

sr. member

Activity: 392

Merit: 250

I can verify PWC was 51% attacked. Trading has halted at Crypsty and I am unsure if we will be able to revive the coin.

We had a good run. Thank you all for the support over the last month or so.

JasperParsons

newbie

Activity: 32

Merit: 0

Quote from: CaptainPicard on June 19, 2013, 09:41:47 AM

Quote from: Badabing on June 17, 2013, 09:10:57 PM

Just to inform everybody , Big Vern found nothing wrong with pwc and powercoin is back on trading on Cryptsy now.

Hard to believe you when all your last posts are pumping PWC.

So it really was killed by a 51% attack apparently.

CaptainPicard

newbie

Activity: 42

Merit: 0

Quote from: Badabing on June 17, 2013, 09:10:57 PM

Just to inform everybody , Big Vern found nothing wrong with pwc and powercoin is back on trading on Cryptsy now.

Hard to believe you when all your last posts are pumping PWC.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: ?? on ??

Also NMC is a currency that makes sense just for DNS if you forgot that.

Not just for DNS. it is also one of the methods you can use for a top level identity behind Open Transactions nyms, so you can change nyms, retire nyms and so on while still having a secure basis of identity behind them all showing they are all controlled by the same namecoin address.

-MarkM-

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: Taxidermista on June 18, 2013, 08:49:04 AM

Quote from: frobley on June 18, 2013, 07:37:59 AM

Quote from: digitalindustry on June 18, 2013, 05:06:22 AM

wow all these new accounts commenting on here , that seem to be so educated about all things Cryptocurrency ha ha ; )

its great to see all this involvement from all these newbie ! lol

says some thread spammer with a 3 month old account

He does not "says", he defecate. The only thing an illiterate ignorant can do. Maybe some day he will learn how to write, or talk.

Taxidermista

legendary

Activity: 1148

Merit: 1001

Quote from: frobley on June 18, 2013, 07:37:59 AM

Quote from: digitalindustry on June 18, 2013, 05:06:22 AM

wow all these new accounts commenting on here , that seem to be so educated about all things Cryptocurrency ha ha ; )

its great to see all this involvement from all these newbie ! lol

says some thread spammer with a 3 month old account

He does not "says", he defecate. The only thing an illiterate ignorant can do. Maybe some day he will learn how to write, or talk.

frobley

hero member

Activity: 708

Merit: 500

Quote from: digitalindustry on June 18, 2013, 05:06:22 AM

wow all these new accounts commenting on here , that seem to be so educated about all things Cryptocurrency ha ha ; )

its great to see all this involvement from all these newbie ! lol

says some thread spammer with a 3 month old account

larem

sr. member

Activity: 350

Merit: 250

Quote from: digitalindustry on June 18, 2013, 06:41:09 AM

Quote from: larem on June 18, 2013, 06:35:32 AM

Quote from: nearmiss on June 17, 2013, 10:29:26 AM

Quote from: naphto on June 17, 2013, 10:24:54 AM

Altcoin = scam.

Only BTC and LTC might (eventually) not fail (for a short period of time)

So BTC and LTC is as good as we are ever going to get? No more innovation in the crypto-world? That is kind of depressing.

I disagree with that. There will always be innovation. The issue with some of these coins is that the owners apparently created them solely to do a quick pump-n-dump to earn quick cash and move on.

that's of course completely true , but if miners mine them and are left holding the bag , that's the market as well.

attacking something is just really honestly going to harm the attackers interests long term. - i promise that .

except if they literally have no interests - in which case , it is what it is.

I think some attackers do it just because they want to show off; I'm sure some don't even care about cryptos, and it's a way to be a bully and show "power" by exploiting systems.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: larem on June 18, 2013, 06:35:32 AM

Quote from: nearmiss on June 17, 2013, 10:29:26 AM

Quote from: naphto on June 17, 2013, 10:24:54 AM

Altcoin = scam.

Only BTC and LTC might (eventually) not fail (for a short period of time)

So BTC and LTC is as good as we are ever going to get? No more innovation in the crypto-world? That is kind of depressing.

I disagree with that. There will always be innovation. The issue with some of these coins is that the owners apparently created them solely to do a quick pump-n-dump to earn quick cash and move on.

that's of course completely true , but if miners mine them and are left holding the bag , that's the market as well.

attacking something is just really honestly going to harm the attackers interests long term. - i promise that .

except if they literally have no interests - in which case , it is what it is.

larem

sr. member

Activity: 350

Merit: 250

Quote from: nearmiss on June 17, 2013, 10:29:26 AM

Quote from: naphto on June 17, 2013, 10:24:54 AM

Altcoin = scam.

Only BTC and LTC might (eventually) not fail (for a short period of time)

So BTC and LTC is as good as we are ever going to get? No more innovation in the crypto-world? That is kind of depressing.

I disagree with that. There will always be innovation. The issue with some of these coins is that the owners apparently created them solely to do a quick pump-n-dump to earn quick cash and move on.

anderl

hero member

Activity: 714

Merit: 500

Quote from: pajak666 on June 18, 2013, 06:07:25 AM

Meh, it was so close.
It would be so nice to see one of this shit coins getting killed in 51% attack.
Hope all you morons are aware that you are actually pumping out money from BTC and LTC economy, everytime you create another useless coin

I hope we continue to pull BTC and LTC down like you think. and when the attacks do occur I cant wait for the 6GHashs processing shit coins to move to and LTC to kill mining over there. Think your plans at least 2 steps ahead moron.

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Meh, it was so close.
It would be so nice to see one of this shit coins getting killed in 51% attack.
Hope all you morons are aware that you are actually pumping out money from BTC and LTC economy, everytime you create another useless coin

sterob

full member

Activity: 175

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

lol at all the scammers in this forum trying to dumb down a coin value. Today is zomg PWC 51% sell sell sell, tmr is ZOMG DGC 51% sell sell sell. May be next week, ZOMG LTC 51%.

Alt coin are made to divide the hash power to the diff on BTC and LTC wont skyrocketed while price is still low. Yet scammer are trying to get some quick buck and kill off the whole crypto including btc and ltc.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

wow all these new accounts commenting on here , that seem to be so educated about all things Cryptocurrency ha ha ; )

its great to see all this involvement from all these newbie ! lol

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: optimator on June 17, 2013, 01:59:22 PM

Quote from: digitalindustry on June 17, 2013, 10:35:14 AM

Quote from: BrewCrewFan on June 17, 2013, 09:48:37 AM

Say bye bye to normal miners. I have not mined shit because honestly a person with only one card aint gonna waste the time to get a return of 30 bucks a month.

Then cryptos stall. Enjoy your circle jerk trading among yourselves.

Brewcrew all that will happen is the market will split , individual with smaller interests will trend towards new innovations , if they stay in the Cryptocurrency game , the large investors will be taking more and more risk , as the individuals seek to find an equitable base .

Funny. Isn't this life? Doesn't the old guard erect barriers around their world, passing laws and taxes and launching wars to keep the status quo - the world they worked so hard to build and treasure?

Doesn't it always fall to the younger generation to find the disruptive technology to unseat the old guard?

I just found it amusing how life imitates life.

+1

ha ha chasing after their precious little Bitcoins - all the while 80% of them (I know some do Wink

) not understanding that all the words wealth is caught up in a system of which many many indicators are showing signs that would/should alarm many many people , but , then, when you have such a backward view and no understanding of basic economics , what should we expect?

in case the news hasn't gotten out the market is infinitely big enough for lots of Cryptocurrency -

so here is the kicker : (wait for it)

attackers only normally attack when at their weakest, so now than i have educated you about the basics of economics, and you understand that the market for Crypto is very large - now when you view these attacks - how do they end up making the BTC market look ?

weak and prone to failure ? , due to centralization and corruption ?

I'm not making that statement , I'm just giving you information .

arlington

sr. member

Activity: 476

Merit: 250

resumed trading at cryptsy, so it was not 51% killed.

Bogdan

newbie

Activity: 14

Merit: 0

Quote from: VeeMiner on June 17, 2013, 10:53:56 AM

we could learn from this to further the safety of other coins - namely BTC, LTC and PPC, which are so far only currencies which make any sense

Yeah pretty much.

jasonslow

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Quote from: NWO on June 17, 2013, 10:37:56 PM

Nothing is wrong with PWC. Clear FUD and attention seeking from an individual.

@powercoin guys

Is there a block explorer anywhere, it would be quite useful.

Have you guys noticed your hashrate has went from about 2.9 to ~~5.3~~ 5.6 in the past few minutes and is climbing with each block?

Just a casual observation.

~BCX~

Why would anyone interested in attacking powercoin? Does powercoin a threat to litecoin and powercoin? Does powercoin does anything wrong to you? Its no honor attacking powercoin you are like 500 pound wrestler attacking 1 month infant.

Topic: PWC is killed by 51% attack (Read 4336 times)