Topic: You are threatening Bitcoin’s security - page 3. (Read 32360 times)

Well, there's the test net for that too

actually, yes.. i kinda agree.. force the programmers to find a solution for this issue.. though id prefer they did it before it got used :p

I agree.

If bitcoin system is that insecure then make it so. Better now than later.

In my darkest hour I wished Deepbit would get attacked the chain forked so that they would drop Bitcoin forever after the market crash ensuing...

We shouldn’t attract such idiots in the first place. They don’t even care about Bitcoin.

wisdom!

Because of this topic, I made this one: http://forum.bitcoin.org/index.php?topic=8783.0


Any suggestions there?

 

I'll see your watermelon cat and raise you a bear facepalm.

between the two sites, they are turning the decentralized currency in to a centralized currency :p this is bad, but they arnt evil for doing it... thats just the nature of free market and monopolies.

Deepbit is not evil.
It just has too much power and users.
Imagine what will happen if(when) deepbit suddenly crashes(hardware failure, police raid, zombie attack). Whining and frustration all over the board. Sudden migration of deepbit users. Other pools can't handle it and crash too. At least some of them. Hashrate falls dramatically and the network is vulnerable. Remember what happened to Mtgox? And it was just a little shake.
What will happen if someone hacks the pool server and uses it to... use your imagination.
Every event on mtgox causes price fluctuations. Do you really want to have another vulnerability?

I switch off using BTCMine and MtRed

FTFY


BTCmine, BTCguild, slush's, Luke's, and all those new comers 0% fee that I see starting recently. The first page in the mining forums is filled with their official threads.

its simple.
a single target is an easy target... a few large targets.. are still easy targets..
thousands of small targets without any clear 'big' targets.. make it very hard to DDOS.
if no pool held over 10% of the total share then it would mean you had ~5 targets..
if no pool had over 5%... ~10 targets...
if each pool had 10 or 15 servers... multiply those targets by 10 or 15... and suddenly your DDOS is mostly ineffective.

and if no one understands what the danger is in that 51%... then please, go back and read and stop trying to say there is no danger.
deepbit isnt evil... it just means hes making himself in to a huge target that anyone can take a shot at.

So guys, if Deepbit is so evil because they have the largest pool for generating unregulated, decentralized currency, could someone recommend a pool where I can make more bitcoins than I am on Deepbit with a 184 Mhash/sec rate?

We are not supposed to use deepbit because they have the best features? There is no real solution to this "attack theory". Anonymous could just ddos all of the pools for the lulz then everyone can go back to solo mining. It only takes 1-2 computers running a "port fuck" attack on the RPC port to cause disruption.

You make it sound like bitcoin is like the "Death Star" and a simple shot to the exhaust will blow it up.

The goddamn fee...


It would be because of the accumulated hashrate of people like you who swarm one pool and will perpetuate that practice even if the pool has been compromised, all this for no good reason.


No you won't deal with the consequences. You know you won't because you're refusing to take a minute right now to switch to another pool, which will benefit you. When shit will hit the fan, you'll just rationalize it away like you are doing now. And I am not demanding anything, I'm beating you're joke of an argument that you use as a basis to stick to Deepbit, disregarding the gapping hole it brings into the network security. I'm simply warning you, because I don't want to see Bitcoin go down. But I have no wish to use force. If the worst has to happen for your kind to understand, then so be it. The burden of responsibility is on your shoulders. I'm not the one endangering the network, you are.


From Deepbit's stat page

If you can't put it in your head with this that Deepbit has consequent variance, then there's nothing I can do for you. You're the guy thinking he should put all of his hashing power in the same pool while you say that total hash rate impacts variance. Then tell me, Sherlock, is it better to be in one pool that has 50% of the network or 3 pools that have 60%?


You are beyond slow.


Here comes the irony. Score based pools defend against Raulo's attack, Deepbit doesn't. I can't believe you're aware of that attack, yet don't understand the vulnerability nor the counter, all the while willing to stick to a pool that is vulnerable to it and has higher fees. Priceless.

And if you sell your house and sleep on the street you'll save a lot of money too.

If Bitcoin goes down it wouldn't be because my measly hash rate was at Deepbit and not another pool.

I'll deal with the consequences that concerns me. Demanding that I do something I don't want because you are afraid of losing your benefits is what socialists do.

If you don't even understand that the only important factor in lowering variance is total hash rate there's really no point in discussing it with you.

Yeah, I guess I have to be really slow to disagree with your truly brilliant arguments...

Regarding the fee, you have to include what I just call the sucker fee in the smaller pools. It's the income you loose because some people are pool jumping. If you monitor the hash rate, you'll notice that it will go down on in the rounds that last a long time. All in all I'm probably earning about the same as Deepbit as I would in the other pools. If there is a difference it's neglible and one I accept to pay for the convenience.

Your example is a poor example then. Everything is the US is about money one way or the other. Whether it's businesses supposedly being harmed by piracy or possibly losing tax revenue. The US Government doesn't care where your money comes from (as long as it's legal, and even then sometimes they don't care) as long as they get their share of it. Bitcoin is not going to be confused with US currency like the case with the Liberty Dollar.

Pools are not a central entities. deepbit is not Bitcoin, it is a large entity on the Bitcoin network. Bitcoin will NOT die if deepbit goes down, or even if deepbit and slush both went down at the same time. People would probably freak out, but they can go to other pools or mine solo. Napster was killed because the company was the network, they hosted the servers. They killed the company and killed the network at the same time. That's not the way Bitcoin works.

Well then, get off bitcoin? :p maybe deepbit is willing to take a 50BTC hit every time the block is proved solved by some one else... but most pools certainly arnt..