Post
Topic
Board Altcoin Discussion
Re: Cleanup: I'll attack some coins - I owned APEXcoin for 90 blocks
by
iGotSpots
on 16/01/2015, 05:24:09 UTC
Thanks all for the nxt leasing offers. I still need to investigate the code with more detail first...

You can try attacking MMXIV if you want, but it won't work

Of course it will work, for this simple unsofisticated attack I only need 600 coins and 30 days. 600 MMXIV: that's 5% of the supply.  Less than 9 BTC at current rates. Anyone cares to donate?
btc here: 1EqekC9YVhiWLYjG3mfKNJwrf5s3YS46WW

A more complex attack may need even less. I think that with 2,8BTC I have a 50% chance of 6 blocks in a row every day, but I haven't tested the math behind this....

And you have it wrong in your wiki: "someone holding 50% of the currency will generate 50% of all proof-of-stake coin blocks". Of course not. Someone that can stake 50% of the coins acively at stake will generate 50% of blocks. But that's much less than 50% of the currency.


The wiki is just copy paste I don't think anyone updated it yet

Stake weight is more than twice what the entire supply is lol please. There's no way you would even be able to afford buying enough to do it. Let's see how good you are when the total percentage for sale is in the single digits

Challenge issued