Post
Topic
Board Altcoin Discussion
Re: Anyone can tell me what happened on AuroraCoin?
by
zhuaihdd
on 30/03/2014, 10:05:36 UTC
Again someone who does not understand the timewarp attack.

It does not involve any "forking" anyone would notice, instead you simply wake up one day to find that all the coins you ever mined, and all the transactions, never actually happened.

The entire chain from the start, or from the last hard-coded checkpoint hard-coded into your copy of the client, simply did not happen the way that you thought it did.

-MarkM-


Are you referring to me?  I never said that the coin is immune to all possible future attacks (no coin has this certainty), just that the claimed "death by forking" had not happened.

I don't know whether or not someone interested in doing so could muster enough of a hashrate to execute an attack on a coin of this size, but as I said, a higher price would be more comfortable since it would increase the security.

According to other users, the guy making threats in the other thread has been blowing smoke about destroying altcoins and not having the ability to follow through on several other occasions.  I personally am not familiar with his history.
At least I think you said that the higher the price the more let people have a sense of security, the price is relatively higher, speculation is less, so the coin is more secure.