The attack is over and we can thank automatic coin choice pools
-
[quote name=“stulowe” post=“12011” timestamp=“1370827665”]
[quote author=Vigil link=topic=1463.msg12007#msg12007 date=1370827253]
[quote author=Mogumodz link=topic=1463.msg12006#msg12006 date=1370827102]
[quote author=Vigil link=topic=1463.msg12005#msg12005 date=1370826955]
Maybe we should focus on finding the thief by tracking the coins.
[/quote]What does that do exactly?
[/quote]
Suppose we think of this like a bank robbery or a mint robbery. We wouldn’t destroy the currency of a group of random people but we would know the serial numbers and we would wait until someone spent those stolen bills specifically. Whoever spent them would likely be the thief and we could “confiscate” those coins in transaction and then do whatever with them.
[/quote]confiscate how? this is open source software and what they did is perfectly within the boundaries of what they can do if they have enough hashing power. The only thing that matters in making change is community consensus in changing the chain.
[/quote]So a 51% is perfectly legit? No big deal?
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[quote name=“Vigil” post=“12013” timestamp=“1370827770”]
[quote author=jeremiel link=topic=1463.msg12010#msg12010 date=1370827484]
[quote author=Vigil link=topic=1463.msg12007#msg12007 date=1370827253]
[quote author=Mogumodz link=topic=1463.msg12006#msg12006 date=1370827102]
[quote author=Vigil link=topic=1463.msg12005#msg12005 date=1370826955]
Maybe we should focus on finding the thief by tracking the coins.
[/quote]What does that do exactly?
[/quote]
Suppose we think of this like a bank robbery or a mint robbery. We wouldn’t destroy the currency of a group of random people but we would know the serial numbers and we would wait until someone spent those stolen bills specifically. Whoever spent them would likely be the thief and we could “confiscate” those coins in transaction and then do whatever with them.
[/quote]
umm… how do you confiscate a crypto coin without claiming the wallet? That’s disturbing.
[/quote]Whenever an attempt at a transaction is made the miners will need to confirm but they will know to be on the lookout for specific coins. In the process they will confiscate the coin and deny the transaction so that the non-guilty party does not lose their coins.
[/quote]Good luck, I guess.
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That is not possible with the way cryptos work right now. Plus it runs into another problem: policing. Who decides who has the power to confiscate coins from another party. It is a slippery slope you suggest.
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[quote name=“sl1982” post=“12017” timestamp=“1370827963”]
That is not possible with the way cryptos work right now. Plus it runs into another problem: policing. Who decides who has the power to confiscate coins from another party. It is a slippery slope you suggest.
[/quote]
I know, that is a possibility on how it can be altered - to at least deny transactions of those coins if not “confiscation”. Those who are confirming the transactions will decide just like they decide everything else on the network. -
[quote name=“Tuck Fheman” post=“12001” timestamp=“1370826406”]
There is another side. Because of this event miners are now getting twice what they were, sooner.I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people. -
There are possibly two FTC chains right now. Different pools are reporting different Network hash rates.
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[quote name=“Simber” post=“12025” timestamp=“1370828433”]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.
-
[quote name=“Vigil” post=“12026” timestamp=“1370828474”]
There are possibly two FTC chains right now. Different pools are reporting different Network hash rates.
[/quote]
This isn’t a good thing, right!? :-\ -
[quote name=“DaMooMoo” post=“12032” timestamp=“1370828754”]
[quote author=Vigil link=topic=1463.msg12026#msg12026 date=1370828474]
There are possibly two FTC chains right now. Different pools are reporting different Network hash rates.
[/quote]
This isn’t a good thing, right!? :-\
[/quote]Nope but everyone will fall in line on the forked chain the attacker made in the end and screw the miners who supported the coin.
-
[quote name=“jeremiel” post=“12023” timestamp=“1370828277”]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.
But I respect your right to have your own opinion.
-
[quote name=“Tuck Fheman” post=“12034” timestamp=“1370829371”]
[quote author=jeremiel link=topic=1463.msg12023#msg12023 date=1370828277]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.
But I respect your right to have your own opinion.
[/quote]Long term people as in supporters. Those who propped up the mining rate and kept the coin from dying at a loss for themselves and want to see the coin do well for the coins sake. Not the long term bag holders who bought in when it was high before and have been sniffing around the forum pretending to support until they can make their money back.
-
I would like people opinions. I will create a new thread.
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[quote name=“stulowe” post=“12028” timestamp=“1370828601”]
[quote author=Simber link=topic=1463.msg12025#msg12025 date=1370828433]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.
[/quote]This is inaccurate. There was no ‘ignoring’… please take a minute and look through the thread, there are a number of argument… no choice is going to be universally agreed upon. We’re human and doing our best. These are attacks… it’s not like we’re dealing with business as usual.
[b]Your objection is noted.[/b] We don’t need to start down the ‘way to go’ sarcasm route, we just don’t. Honestly, [b]I’m sorry we disappointed you[/b], I’m sorry we might lose your support… I really am. I’m willing to accept that our choice doesn’t sit well with you. I just want to make it clear that there was no ‘chose to ignore’.
I value our miners tremendously. We have a number interesting technical challenges ahead of us… one that any newer alt coin will face because of the sheer amount of GPU being shifted to Scrypt based coins. For those that are willing to take the ride with us, we’re investigating solutions (uncharted territory right now) and for those that choose to move on, hopefully we’ll meet again down the road… everyone is always welcome here.
-
[quote name=“justabitoftime” post=“12040” timestamp=“1370829675”]
[quote author=stulowe link=topic=1463.msg12028#msg12028 date=1370828601]
[quote author=Simber link=topic=1463.msg12025#msg12025 date=1370828433]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.
[/quote]This is inaccurate. There was no ‘ignoring’… please take a minute and look through the thread, there are a number of argument… no choice is going to be universally agreed upon. We’re human and doing our best. These are attacks… it’s not like we’re dealing with business as usual.
[b]Your objection is noted.[/b] We don’t need to start down the ‘way to go’ sarcasm route, we just don’t. Honestly, [b]I’m sorry we disappointed you[/b], I’m sorry we might lose your support… I really am. I’m willing to accept that our choice doesn’t sit well with you. I just want to make it clear that there was no ‘chose to ignore’.
I value our miners tremendously. We have a number interesting technical challenges ahead of us… one that any newer alt coin will face because of the sheer amount of GPU being shifted to Scrypt based coins. For those that are willing to take the ride with us, we’re investigating solutions (uncharted territory right now) and for those that choose to move on, hopefully we’ll meet again down the road… everyone is always welcome here.
[/quote]Thanks for the reply. I appreciate it.
I just hope this decision turns out to be the right one for the community in the end.
-
[quote name=“stulowe” post=“12042” timestamp=“1370829843”]
[quote author=justabitoftime link=topic=1463.msg12040#msg12040 date=1370829675]
[quote author=stulowe link=topic=1463.msg12028#msg12028 date=1370828601]
[quote author=Simber link=topic=1463.msg12025#msg12025 date=1370828433]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.
[/quote]This is inaccurate. There was no ‘ignoring’… please take a minute and look through the thread, there are a number of argument… no choice is going to be universally agreed upon. We’re human and doing our best. These are attacks… it’s not like we’re dealing with business as usual.
[b]Your objection is noted.[/b] We don’t need to start down the ‘way to go’ sarcasm route, we just don’t. Honestly, [b]I’m sorry we disappointed you[/b], I’m sorry we might lose your support… I really am. I’m willing to accept that our choice doesn’t sit well with you. I just want to make it clear that there was no ‘chose to ignore’.
I value our miners tremendously. We have a number interesting technical challenges ahead of us… one that any newer alt coin will face because of the sheer amount of GPU being shifted to Scrypt based coins. For those that are willing to take the ride with us, we’re investigating solutions (uncharted territory right now) and for those that choose to move on, hopefully we’ll meet again down the road… everyone is always welcome here.
[/quote]Thanks for the reply. I appreciate it.
I just hope this decision turns out to be the right one for the community in the end.
[/quote]Me too! We all have a lot of hours together on this project, interesting times ahead.
-
[quote name=“stulowe” post=“12037” timestamp=“1370829567”]
[quote author=Tuck Fheman link=topic=1463.msg12034#msg12034 date=1370829371]
[quote author=jeremiel link=topic=1463.msg12023#msg12023 date=1370828277]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.
But I respect your right to have your own opinion.
[/quote]Long term people as in supporters. Those who propped up the mining rate and kept the coin from dying at a loss for themselves and want to see the coin do well for the coins sake. Not the long term bag holders who bought in when it was high before and have been sniffing around the forum pretending to support until they can make their money back.
[/quote]Oh well, ya got me! I’ve never mined FTC a day in my life and have never purchased under .004 and I spend all my time here trying to drive the price up to make back the vast empire I have lost investing too high.
Ok, gigs up guys I’m out!
-
[quote name=“justabitoftime” post=“12040” timestamp=“1370829675”]
[quote author=stulowe link=topic=1463.msg12028#msg12028 date=1370828601]
[quote author=Simber link=topic=1463.msg12025#msg12025 date=1370828433]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.
[/quote]Thanks for the response. First one I have read that seems to understand how we feel.
As we are human, as this is a community I put it to everyone to check this thread and leave your thoughts
http://forum.feathercoin.com/index.php?topic=1474.0
This is inaccurate. There was no ‘ignoring’… please take a minute and look through the thread, there are a number of argument… no choice is going to be universally agreed upon. We’re human and doing our best. These are attacks… it’s not like we’re dealing with business as usual.
[b]Your objection is noted.[/b] We don’t need to start down the ‘way to go’ sarcasm route, we just don’t. Honestly, [b]I’m sorry we disappointed you[/b], I’m sorry we might lose your support… I really am. I’m willing to accept that our choice doesn’t sit well with you. I just want to make it clear that there was no ‘chose to ignore’.
I value our miners tremendously. We have a number interesting technical challenges ahead of us… one that any newer alt coin will face because of the sheer amount of GPU being shifted to Scrypt based coins. For those that are willing to take the ride with us, we’re investigating solutions (uncharted territory right now) and for those that choose to move on, hopefully we’ll meet again down the road… everyone is always welcome here.
[/quote]Odd the message didn’t post, I posted thanks for the response, it’s the first one I have seen from a board member who seems to understand how we feel.
I have started a thread for people to share opinions. If this is a community we can find a solutions together.
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[quote name=“Tuck Fheman” post=“12044” timestamp=“1370829936”]
[quote author=stulowe link=topic=1463.msg12037#msg12037 date=1370829567]
[quote author=Tuck Fheman link=topic=1463.msg12034#msg12034 date=1370829371]
[quote author=jeremiel link=topic=1463.msg12023#msg12023 date=1370828277]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.
But I respect your right to have your own opinion.
[/quote]Long term people as in supporters. Those who propped up the mining rate and kept the coin from dying at a loss for themselves and want to see the coin do well for the coins sake. Not the long term bag holders who bought in when it was high before and have been sniffing around the forum pretending to support until they can make their money back.
[/quote]Oh well, ya got me! I’ve never mined FTC a day in my life and have never purchased under .004 and I spend all my time here trying to drive the price up to make back the vast empire I have lost investing too high.
Ok, gigs up guys I’m out!
[/quote]That wasn’t targeted at you.
Be good to get some confirmation on what’s going on with the pools. is fcpool.com on the wrong chain now?
-
[quote name=“stulowe” post=“12050” timestamp=“1370830249”]
[quote author=Tuck Fheman link=topic=1463.msg12044#msg12044 date=1370829936]
[quote author=stulowe link=topic=1463.msg12037#msg12037 date=1370829567]
[quote author=Tuck Fheman link=topic=1463.msg12034#msg12034 date=1370829371]
[quote author=jeremiel link=topic=1463.msg12023#msg12023 date=1370828277]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.
But I respect your right to have your own opinion.
[/quote]Long term people as in supporters. Those who propped up the mining rate and kept the coin from dying at a loss for themselves and want to see the coin do well for the coins sake. Not the long term bag holders who bought in when it was high before and have been sniffing around the forum pretending to support until they can make their money back.
[/quote]Oh well, ya got me! I’ve never mined FTC a day in my life and have never purchased under .004 and I spend all my time here trying to drive the price up to make back the vast empire I have lost investing too high.
Ok, gigs up guys I’m out!
[/quote]That wasn’t targeted at you.
Be good to get some confirmation on what’s going on with the pools. is fcpool.com on the wrong chain now?
[/quote]
d2 pool seems to be having a lot of problems. I cant maintain a connection to the pool, and the pool isn’t finding any blocks. I have shifted some of my mining power to p2pool for the moment.I would love to hear from Bushstar and zerodrama and what their thoughts are on the whole situation. But I understand they are probably trying to get some rest.
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Ok so there was an attack. That is to be expected. What i did not expect was my dogs to stop my mining while i was at a graduation party and buying a house. We will get through it just as we got through the abysmally high difficulty. I am not worried and I will continue to mine even though my pool currently is charging an outrageous fee.
if you happen to run the pool that I mine on. First off I love your pool. Second smack yourself. Seriously, high five yourself in the face. I have been paying a fee already and donating some extra if your “hot wallet” could not handle the abuse after all the fees that you have already collected as well as the donations (there are many donators) then you are doing it wrong. We both know that at some point you must have oversold your FTC which is what put you in the situation you are in the first place. Put the fee back to what it was and stop your nonsense.
Now that I have gotten that off my chest. Back to the subject at hand. Forking the chain is and always has been a bad idea. Do not do it. Attacks are to be expected and there is very little that can be done. That is the reality. It all sorts itself out eventually. FTC is still an infant and you do not choke a baby because it filled its diaper.