Quote from: cellard on June 27, 2018, 07:08:54 PM

It's worth posting the plain text interview bitpico did with for some website:

Looks like they tried to bring the LN network down too and they couldn't, I cannot wait to see how Bitcoin Cash handles the pressure. Their nodes are certainly centralized by some Amazon VPS in China. Full 32 MB blocks are going to crash most of the nodes if they have the resources to sustain the attack. Doesn't look to good for BCH, if it gets exposed it will be the end of the "blocks as big as needed" scaling approach.

BCH fans can't also claim that this is a blackhat attack. The fact that they are advertising it and giving a deadline is very whitehat. When Jihan, Roger and co spammed the Bitcoin network, they didn't say anything. The attack could be even more brutal if made by surprise at key times, but they are being nice.

Definitely worth posting.

As far as the attack; their obviously not trying to hide it. It's as transparent a test as I can think of. It's no different than equipment before being installed you test with the anticipated result of finding the limits.

Quote from: squatter on June 28, 2018, 11:55:20 PM

That's cute, but it's probably not going to work. The article's author is confused about how a 51% attack works. What BitPico seems to be planning is a "stress test" of extremely large transactions. They believe the following will result:

And something tells me Bitmain won't let their baby be attacked so easily. If the majority of Bcash's hash rate is controlled by Bitmain or its proxies (and I believe that's true), they may be able to sidestep the attack very easily by censoring the attack transactions. The attack transactions will apparently be extremely large :

That's pretty absurd when a well-capitalized company like Bitmain is extremely invested in Bcash's success. I would also be very curious to see what funds BitPico has set aside to pay transaction fees. Attacks like this are not free, and their model depends on driving transaction fees up.

Yeah the first reading left me a little confused. Franky helped clear most of that up for me.

I wholly expect Bitmain will have its issues with those, but like I said I firmly believe this to be a schoolyard callout, as in prepare yourself as best you can I'm coming.

Looking up BitPico they talk about Whales. Know I don't follow wallets, but if any large holders cashed out and bought back in over the last 8 months they have funds to spare.

Quote from: nutildah on June 29, 2018, 01:45:47 AM

I'll help.

Thanks. I'm not as active away from work.

Quote from: pooya87 on June 29, 2018, 03:24:44 AM

in any case i hope they stop the social media bullshit and stick to the attack and then release more clarifying information about it. i believe they are exaggerating a lot of things.

I only like the social media aspect because it creates some transparency. It says watch us and then you can judge us and the coin.

I honestly don't know enough to guess if they are overstating

Quote from: jbreher on June 29, 2018, 06:10:29 AM

(Incidentally, are you nutildah also steamtyme?)

No, I guess take my word for it.

Although I do realize I have started at a negative level of credibility with you. Consider it my way of making up for lost time in adoption.

To add to the "backers" I would put bitmain in there. Definitely created a market almost instantly by accepting BCH as a form of payment for gear.

Here's the thing regardless I'm torn on this coin, for entirely selfish reasons. I don't think it affects overall crypto adoption when you consider the thousands of other coins and forks. I just think if your coin is as great as advertised, run it on it's own merits; which I guess this testing may quantify. I mine BTC, this coin at the moment does pull a massive amount of hashrate away from BTC,an amount it helped create, helping keep mining an option.