This is crazy talk. Even someone with over 50% can't generate bogus transactions. But he can reverse them for a short period of time. A SHORT period of time. ...
It's not about creating bogus transactions. Whoever mines all blocks can opt to exclude all transactions (except coinbase/coinstake). He has the power to stop people transacting.
... PoW miners have "stake" also. After all, they are paying for the hashing power aren't they? And the coins they are getting need to be worth something don't they? YACoin was always intended to be a CPU coin. Now that it has become a CPU coin we want to change it? That's nuts!
And what about 49% of honest PoW miners, who do not get their block excepted? We are paying for hashing power, and getting 0 coins. Yacoin was all about fair distribution. Nothing fair now.
Now that it has become a CPU coin we want to change it? That's nuts!
It has become privately mined CPU coin. All earnings go to one person/group. Not a single PoS block in a chain yesterday.
...I was wondering if there could be a way to nudge/bribe/incentivize/... PoW miners to include PoS blocks that aren't theirs, into their chain? Somehow? Perhaps shortening the PoW reward delay period some amount for each PoS block that ain't from his/her IP address? Or some trickery like that??
There is.... We should ask Cryptsy and Bter especially to de-list Yacoin until this is resolved.
Agreed 100%. I would even sugest temporary network shutdown until this is fixed.
...Someone is currently using a botnet or something similar to make a lot of BTC trading YAC for CNY on Bter. They seem to have had this calculated and ready way before we moved to NF 17, so bully for them I suppose.
That is actually very positive information. I did not check YAC/CNY and thought attacker is hoarding.
Can we be sure it is him/they who sells?