Quote from: inBitweTrust on January 17, 2015, 09:32:50 PM

PoS proponents said it couldn't be done and kept insinuating that one would have to purchase up most of the currency to perform the attack but here is one example of a successful attack being committed on a real coin that was staking at 10 %:

https://bitcointalk.org/index.php?topic=897493.0

apexcoin attack successful with 0.07% of available supply (small, but the stake to destroy the coin was nothing- yes , you read that right, less than 1% stake!)

Quote from: cynicSOB on December 18, 2014, 06:38:37 PM

I'll tell you my theories anyway: the two PhDs who wrote that research have a clear nxt bias. Look at their hidden multibranch section: they say that they got 3/20 of 500 blocks with 10% stake. 3/20 of 500 is 75 blocks. They got 75 blocks! if people wait for 6 confirmations, I only need 6 blocks, not 75. So I can do with much less than 10% stake. Of course 10% stake means 10% of actively forging coins, which means 10% of 10% of supply. So, much less than 1% of supply to double spend. Of course that's still a few hundred BTCs for NXT so I'll start with a smaller coin.

I already bought a few coins... just wait until age is accumulated...

Other PoS coins are going to be targeted soon and with an end goal in attacking NxT eventually. A similar type of attack is claimed to be capable with around 6.6% of NxT(whether existing ownership, purchased, stolen , or borrowed by an exchange /bank)

LoL I just read cynicSOB's post again.
He says that it's very bad that kushti got 75 out of 500 blocks with 10% of all stake.
And he said he only needs 6 blocks Cheesy

First of all, recommended confirmation time is about 30 blocks for Nxt. I don't see how 6 blocks would benefit him.

Next: kushtis 75 blocks weren't consecutive. And the blocks of cynicSOB would all be? I wonder how he believes to achieve this.

For now his " I only need 1% stake" for attacking nxt is only a claim (a bullshit one imo). Still I would donate him some money if he could pull of an attack on Nxt testnet.

Btw, is there some proof that he succeeded with apexcoin, or just his words?