Quote from: stompix on December 14, 2013, 11:48:09 PM

Quote from: gnode on December 14, 2013, 11:23:36 PM

Quote from: Neisklar on December 14, 2013, 10:45:55 PM

Quote from: gnode on December 14, 2013, 10:34:18 PM

Quote from: Neisklar on December 14, 2013, 10:21:19 PM

Quote from: gnode on December 14, 2013, 10:13:12 PM

Except he pays out to each pool member. You can see that in the transaction history.

I think you didn't understand what i meant he holds them ALL:

He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)

He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".

What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.

You still don't get it.
Please google (Bitcoin) 51% attack. For Bitcoin this imho never happened, but it hink FTC was one of the coins who already had one

No I don't think you understand the 51% attack. Feeleep doesn't control all the coins, once he pays them for example to me and I put them in my wallet he can't do anything with those coins.

The 51% attack isn't related to the numbers of coins you hold. It is related to the hash rate one has at a certain moment and it would allow him to reject transactions , make double spends and they could reverse transactions that they proceeded at the time they were in control of the network.

But the psychological effect is more dangerous that the actual attack.
FTC survived two of those. Others did not.

Is FTC still alive then? I thought they died 2 weeks ago....