Quote from: Ben K. on June 02, 2018, 05:12:28 PM

Quote from: OWZ1337 on June 02, 2018, 04:40:26 PM

Quote from: Ben K. on June 02, 2018, 03:09:41 PM

Quote from: OWZ1337 on June 02, 2018, 01:19:05 PM

Quote from: The Zet on June 01, 2018, 11:26:40 PM

Quote from: Branko on June 01, 2018, 09:21:12 PM

Quote from: OWZ1337 on June 01, 2018, 03:22:33 PM

https://www.crypto51.app/ ===> Einsteinium EMC2 $40.50 M Scrypt 141 GH/s $33 13,859%

Cheesy

$33?

weeeee

Network hashrate almost doubled since you posted this, attack could be going at this moment...hope they change algo soon

C'mon guys, I guess you're long enough in crypto to know better.
Yes, that might be power cost for 51% attack, but it's same like claiming it needs only $50 (for a handgun), to get a lot more by robbing a bank.
Double spend is fraudulent activity. Anyone can do it, but they should be prepared for the consequences.

Be serious...

this is very serious ~ if someone can spend less tha $100 to 51% the coin then what are the developers doing to stop this?
Many other coins' teams are taking direct action now to mitigate this, and we already know what the response time is for anything getting done with emc2...zzz

*yawn*

We are implementing a new algo in the next few months which will further decentralize the mining. Beyond that, masternodes are coming in he fall. Additionally we work hand in hand with the exchanges who have massive resources to defend against attacks. Furthermore, we are implementing features in the next few months which will make mining and transferring of emc2 very transparent. So only way to attack would be to do so in a very public way and guarantee being caught by the authorities. Patience is key with new tech. Bugs will be fixed, security will improve.

#1 switching to ethereum algo will not help this problem. + if this happens my team will continue to maintain/mine the original scrypt chain of emc2<<

#2 the centralized exchanges CANNOT BE TRUSTED

#3 good luck getting the Canadian mounted police or facebook corp. to help you with your 51% attack!! ===> this is pure comedy bro~~~BTC<3

Roll Eyes

Once the algo has been switched, all the coins on the old chain will be rendered useless. Bittrex, Poloniex and other exchanges will support the change as will Excalibur and the mobile wallets.

The centralized exchanges are creating reform and we support their transition to mainstream acceptance. This does not seem to allign with your world view but this is the direction blockchain is headed.

It is our mission to be a fully transparent blockchain and organization.

Once the new systems are put in place we will be working with local and international governments to help broaden the scope of compliance. While I realize some may dislike the direction we are heading, I assure you there are plenty of other coins which people can choose from that are private, anonymous etc. this isnt what we represent.

#1 what gives YOU the authority to dictate changes to an OPEN SOURCE PROJECT? ===> #EMC2 COMMUNITY WHAT?

#2 the centralized exchanges are being replaced by DISTRIBUTED EXCHANGES just like the original bitcoin in the future everything will need to run on peer-to-peer distributed networks.
*read* ===> http://www.gnu.org/philosophy/free-sw.html

#3 HONEYBADGER DON'T GIVE A FUCK about government compliance. Bitcoins' uncanny regulation occurs within the software itself, whereas it's not possible via governments local or otherwise to "control bitcoins".

*read*===> satoshi whitepaper if you are confused.

Roll Eyes