PWC is killed by 51% attack - page 3.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: arlington on June 17, 2013, 01:16:00 PM

Quote from: crazy_rabbit on June 17, 2013, 01:13:09 PM

Quote from: arlington on June 17, 2013, 01:11:50 PM

Is PWC killed? I just sync'd my PWC wallet, and it is in sync with 29945 blocks downloaded, there's no issues at all. All my previous transactions are there, and balance is intact.

So it does not look to be that it is killed.

If you don't mind the fact that now one guy has more then half of all PWC coins and thus can crash any exchange market at any time for as far in the future as you could imagine- then by all means. Enjoy.

Anyway, it is not killed, no records/transactions are altered, all balances are fine, and you see the blocks are increasing at about the block time, meaning people are still mining it. No sign at all it is killed.

And how would you know that anyway? :-)

CaptainPicard

newbie

Activity: 42

Merit: 0

Quote from: arlington on June 17, 2013, 01:16:00 PM

Quote from: crazy_rabbit on June 17, 2013, 01:13:09 PM

Quote from: arlington on June 17, 2013, 01:11:50 PM

Is PWC killed? I just sync'd my PWC wallet, and it is in sync with 29945 blocks downloaded, there's no issues at all. All my previous transactions are there, and balance is intact.

So it does not look to be that it is killed.

If you don't mind the fact that now one guy has more then half of all PWC coins and thus can crash any exchange market at any time for as far in the future as you could imagine- then by all means. Enjoy.

Anyway, it is not killed, no records/transactions are altered, all balances are fine, and you see the blocks are increasing at about the block time, meaning people are still mining it. No sign at all it is killed.

If you're mining PWC, you're pretty much the attacker's bitch. If you work hard and somehow bring up the value of PWC now, he'll be the one reaping all the benefits.

jasonslow

hero member

Activity: 574

Merit: 500

How does he have that much? Or he is on different fork?

arlington

sr. member

Activity: 476

Merit: 250

Quote from: crazy_rabbit on June 17, 2013, 01:13:09 PM

Quote from: arlington on June 17, 2013, 01:11:50 PM

Is PWC killed? I just sync'd my PWC wallet, and it is in sync with 29945 blocks downloaded, there's no issues at all. All my previous transactions are there, and balance is intact.

So it does not look to be that it is killed.

If you don't mind the fact that now one guy has more then half of all PWC coins and thus can crash any exchange market at any time for as far in the future as you could imagine- then by all means. Enjoy.

Anyway, it is not killed, no records/transactions are altered, all balances are fine, and you see the blocks are increasing at about the block time, meaning people are still mining it. No sign at all it is killed.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: arlington on June 17, 2013, 01:11:50 PM

Is PWC killed? I just sync'd my PWC wallet, and it is in sync with 29945 blocks downloaded, there's no issues at all. All my previous transactions are there, and balance is intact.

So it does not look to be that it is killed.

If you don't mind the fact that now one guy has more then half of all PWC coins and thus can crash any exchange market at any time for as far in the future as you could imagine- then by all means. Enjoy.

arlington

sr. member

Activity: 476

Merit: 250

Is PWC killed? I just sync'd my PWC wallet, and it is in sync with 29945 blocks downloaded, there's no issues at all. All my previous transactions are there, and balance is intact.

So it does not look to be that it is killed.

And I can see people still mine it, no problem at all.

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: anderl on June 17, 2013, 12:54:08 PM

as feathercoin proved, you can have a 51% attack and still come back.

>implying PWC was ever at any good 'stage' l it can 'come back' to

CaptainPicard

newbie

Activity: 42

Merit: 0

Quote from: anderl on June 17, 2013, 12:54:08 PM

Quote from: CaptainPicard on June 17, 2013, 12:52:34 PM

WTF.

Anyone wanna buy ~150k PWC cheap? Roll Eyes

as feathercoin proved, you can have a 51% attack and still come back.

The attacker of FTC didn't accumulate almost 50% of all coins in existence during their attack though. This guy got ~540k PWC

anderl

hero member

Activity: 714

Merit: 500

Quote from: CaptainPicard on June 17, 2013, 12:52:34 PM

WTF.

Anyone wanna buy ~150k PWC cheap? Roll Eyes

as feathercoin proved, you can have a 51% attack and still come back.

CaptainPicard

newbie

Activity: 42

Merit: 0

WTF.

Anyone wanna buy ~150k PWC cheap? Roll Eyes

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

yeah , ah power hmm , what was the hash rate? -

couldn't pull off an attack on FTC something called (Feathercoin),

had to go for something like this.

kind of like beating up on the fat retarded kid then posting it on Facebook , and telling people you are though.

like i said, we need maggots, we need you guys as well.

Boxman90

hero member

Activity: 518

Merit: 500

Anyone feel the POWERRRR yet?

Haha NWO, serves you right.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

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

shaunb

newbie

Activity: 42

Merit: 0

Cryptsy has stopped trading PWC... Shocked

anderl

hero member

Activity: 714

Merit: 500

I could easily solo 51% PXC and FRK right now but why bother. The cost to do so would be high, not just in the electrical expense but the opportunity cost as I'm not mining at the time of the attack. Have you seen the order books on those 2 coins. There's a few hundred dollars in BTC there. I'm pulling that a day. So really the effort is not there.

But there it is the balance. Risk vs. reward. People are risking more but in smaller amounts for coins that have low network hash rates. as you climb up the alt coin ladder you see the valuations increase with hashrate.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

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 .

I tried to explain this to the FPGA guys , not because I'm anti FPGA , but because I explained that with scrypt the lead time to ROI on an FPGA is going to be so much longer the risk is higher anyhow .

Then add to that this vector , I explained simply that C code or any variant can evolve faster than hardware.

I have seemed to be proven correct .

So this guy is heavily invested in gpu , I dont buy the botnet crap , if POW goes out , so goes that investment .

And how will anyone know ?none of it will be developed on this forum ?

nearmiss

sr. member

Activity: 448

Merit: 250

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.

anderl

hero member

Activity: 714

Merit: 500

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)

lol, lot of asterisk comments there fanboy.

naphto

sr. member

Activity: 392

Merit: 250

Altcoin = scam.

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

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

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.

+1 to that , and now there is a wave of alternatives coming that are not even in the ballpark , I.e don't even work from gpu but can't be bot'd .

These idiots either have no interest in crypto or are just pee brains planning to sell out asap . Question is idiot's how long will you hold for , until you figure out what you are hold is FUD ?

Having said that if they can do it I'm sure they will its in human nature , and it helps the whole evolution , so just as we need maggots , we kinda need these guys to keep the ecosystems working.

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