Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
tempus
on 27/10/2015, 18:35:10 UTC
Alexhiggins  keeps digging. Arcanis seems to admit nokoin IS diseased.

Alexhiggins,
http://forum.neucoin.org/t/3-5-hours-of-transactions-removed-from-the-block-chain/2057/38
"This in essence is the classic 51% attack and from what I am gathering this coin in essence is doing that by design"
"I don't see this problem going away even when 50% of the coins have distributed"
[Alex cure] "it should select the latest block on the chain at time of staking as its parent."

Arcanis,
"A classic case of a cure worse than the disease"

nokoin, now with incurable 51% attack disease built in, giving 100% untrustability for users.


That was my first impression...



Hmmm.... Maybe it was some kind of unintentional(?) 51%-attack. ;-) 

But obviously it's not just a temporary problem. It seems to be a constant attack. I've used the word "suicidal design" so often, but with focus on the effect of the economy. It's obviously also suicidal in the technical design...

Entertaining to see their reaction: Self-buying on the market for some volume and a rising price. Some sand in the eyes... but it won't help.