Post
Topic
Board Announcements (Altcoins)
Re: THEY WILL MINE OVER 80% OF COINS BY THEMSELVES
by
robin.nimiq
on 14/03/2019, 17:49:02 UTC

THEY WILL MINE POS WITH VESTED ACCOUNTS (WORTH 1.5 BILLION NIMIQS) AFTER THEY WILL SWITCH TO 100% POS.

SCAM SCAM SCAM !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

THEY WILL MINE OVER 80% OF COINS BY THEMSELVES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



This has been confirmed by some members (namely Marvin and Glenn on Discord ) that the scamiq team will mine with vested accounts worth almost 1.5 billion coins (30% of existing coins right now).


WARNING!!! vj1977 is a dangerous suckpuppet of normana.
WARNING!!! Normana is a dangerous suckpuppet.
Please clear up your mind! Is vj1977 my sockpuppet account or am I his sockpuppet account. Or both? Is it a sockpuppet chain or a circle?



51% attack on Byzantium is actually 34%. So in Albatros it's actually not 51%, but 34%, because the security assumption is that at most one third (of selected block producers) is Byzantine.
Haven't heard that, can you provide a proof that 51% is 34%?
There is no 51% attack, that's just a stupid saying from PoW chains. What usually is meant by 51% attack is double-spend attack or selfish mining attacks.
For those attacks, attackers on PoW chains need about 51% of mining power (well, you can do with less than 51%, but then you need luck). As far as I understood, PBFT needs 67% for double-spend, no? And selfish mining is not an issue in Albatross as there is no mining at all.
From what I understood, the thing you can do with 34% in PBFT is to halt the protocol. This attack will cause your 34% stake to become worth nothing and can be resolved by all other stakers through a collaborative fork. So the effect is limited and you don't earn anything from it (= no incentive to perform), definitely not comparable to a 51% attack on PoW chains.




stupid marvin suckpuppet

Quote

SoerenLast Wednesday at 11:58 AM
In Albatros it's actually not 51%, but 34%, because the security assumption is that at most one third (of selected block producers) is Byzantine.


abatros is vulnerable to 33% to get hacked for good. Once you get 33.3% you hacked the entire system. Stupid liar with secret agenda to push proof of stake in order to scam everybody else including miners.


PROOF: https://i.imgur.com/r9AKyLU.png

Very good finding that their new proposed model to switching to Proof of stake is 33%+1 vulnerable and not 50%+1 anymore. It is also alarming that they consider to remove the entire reward distribution for the simple fact that POS doesn't consume anymore resources.

yes yes. abastros is proof of stake and vulnerable to 33%+1. project is dangerous for nimiq and they also mentioned in their document that rewards should be removed from miners because pos is not burning electricity and fees are enough for miners. i don't understand why would they post such things....