... 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.
Disagree 100%
The answer to centralized manipulation with resources is NOT centralized manipulation WITHOUT resources.
I literally just finalized an offer to sell a house so that I can expand my mining operation to stabilize the network--I'm not joking. I expect to have 30 khash/s worth of hashing power in the next month or two, which still won't be enough.
I don't like to drop capital on what will be the best currency when there are thoughts of getting rid of PoW or thoughts of "shutting down the network" or thoughts of removing YAC from exchanges in the spirit of price control, destroying volume.
What we have is an arms race where one entity has a nuclear bomb while the rest of us have rocks and sticks. We need more rocks and sticks! By 'we' I guess I mean people who have reputations and who can be contacted through bitcointalk, forum.yacoin.org, yacointalk.grokonet.com. I will help anyone personally with setting up their rigs, but it would be nice for the the guy who owns yacoin.org and has the github for the next wallet release to partake in the joys of mining--perhaps that will change his perspective
Anyone, please ask any questions about solo mining, or mining in general, in forum.yacoin.org. You will find a lot of helpful posts there already.Once we have taken back the network, it seems we can fix the issue of PoS being ignored? (I thought that was a 'chaintrust' issue, but I guess not--confused). But a fix is meaningless if 'we' don't control the network, right? Btw, in case people didn't know, YBC wasn't even forked into PoS. The YBCoin powers that be controlled the main exchange, which allowed people to exchange the old scrypt-chacha PoS/PoW YBC coins for the completely new PoS only coins up to a certain date. They also convinced Cryptsy to switch over. I tried to fight to keep the old YBC on Cryptsy but to no avail
I haven't attempted it recently, but I imagine one could still mine the old scrypt-chacha YBCoin.EDIT: Apparently, Cryptsy just simply removed YBCoin.
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.What? How? If that were true, I'm pretty sure Cryptsy wouldn't have their YAC wallet up and running. If it is true, I'm not so sure that is completely a bad thing anyway. Perhaps the whole purpose is for this guy to scam bter.com and sell coins that don't actually stay in the blockchain. I'm on his side at that point. BTER.com STOLE $5000 worth of coins from me. Real life.