Quote from: threecats on July 13, 2014, 05:50:32 PM

Quote from: duru on July 13, 2014, 05:45:09 PM

Quote from: threecats on July 13, 2014, 05:43:36 PM

Quote from: duru on July 13, 2014, 05:25:19 PM

Quote from: rygamble on July 13, 2014, 05:19:19 PM

Quote from: duru on July 13, 2014, 05:08:36 PM

so, the question of "what security risk" is involved in POS coins that every coin is susceptible to just got answered in the most brutal way possible.

?

VRC 51% attack just became a very real scenario, they don't need half the coins... just half the staking amount, of which more than 51% was stolen. I cant say whether that is the problem cloakdevs fixed or not, but I imagine it has something to do with that. It's at least a sobering reminder to keep your coins in your wallet...

Where did these details come from?

check the VRC thread?

wow. scary reading.

It seems most people don't even know what is and what is not possible to achieve in a 51% attack.
It is impossible to steal coins from somebody elses wallet whithout the private keys to the wallet address where the coins are stored on (except if the attacker has before transfered them to that wallet and removes all nodes back to that transaction ).

Knowing that you can be 100% sure that mintpal thing had nothing to do with any 51% attack.