The attack is over and we can thank automatic coin choice pools
-
well just have to figure out how to create lots of small pools. After all of this I’m looking into making my own pool and maybe capping it out at 100MH. Time to research…
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[quote name=“Vigil” post=“12007” timestamp=“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 name=“Vigil” post=“12007” timestamp=“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 name=“stulowe” post=“12002” timestamp=“1370826603”]
[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]Provided this is the end of it. If the hash is so consolidated in a couple of pools then this could just be a DDOS away from happening again once a large number of blocks are waiting confirmations.
[/quote]any miner worth his weight in feathercoins should have multiple pools setup in the miners.
Always have backup pools.
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[quote name=“jeremiel” post=“12010” timestamp=“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.
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[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?
-
[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.
-
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 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.
-
[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.
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[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.
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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.
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[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.