Quote from: ctenc001 on March 27, 2014, 05:54:24 PM

Quote from: blueangel01 on March 27, 2014, 04:13:16 PM

Quote from: km4700ruda on March 27, 2014, 11:20:12 AM

Quote from: tintumon on March 27, 2014, 11:14:48 AM

Quote from: blueangel01 on March 26, 2014, 04:36:23 AM

Before any changes... lets offer a bounty to 51% attack PMC. I offer 500 PMC bounty. I am curious what will happen after the attack. Is there anything to gain or just the tx?

Are you guys serious about experimenting with 51% attack?
I would love to get involved.
Please let me know how I can get involved.

Thanks.

I would also like to participate in
If you are involved in please tell me
Thank you, I wish you good luck

Yeah i am serious about it... Nobody has been attacked that I know of. They are all scared about the attack but nobody really knows the consequence of it.

Since there is a lot of interest, maybe the dev can initiate or look for someone to do the attack?

I'd like to get credits input in on this? I love the idea of being a testing ground for different experiments like this.
For us to do it we need to notify exchanges, and all members first, and to choose a block to fork back to to prevent any loss of coins from anyone.
As long as the dev is on board, and all parties are given ample notice, this will bring a ton of exposure to PMC!

I'm not terribly excited about it TBH, but to answer your question yes the exchanges would need to be notified since they could face potential losses in the case of double spend. For example if the "attacker" double-spent coins to an exchange, dumped for BTC, and withdraw. This is the sort of thing coins have testnets for.

In any case 51% is always a possibility with any coin, but I cannot in good conscience allow it to happen for fun or science since there have been numerous people that have invested much time and effort into the coin. Even though in theory it could be reversed, I will be forced to attempt to prevent it.