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Showing 13 of 13 results by cenixentor
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Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 08/07/2014, 10:39:05 UTC
UPPPP
Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 08:40:05 UTC
Jesus man, the ghash panic was all ready over the top. Why are we looking for things to scare ourselves with? Just stop all ready.
Hey man...gotta keep the FUDsicles fresh dude!  :p

SHHHHHHHHHH
Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 00:55:20 UTC
It is a very real possibility and the community will be warned.
Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 00:51:52 UTC
Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 00:27:48 UTC
I worry that 60% of hash power is in the hands of only two ...
Could be hacked and you lose all your money...
Can you explain the sequence of events between those two mining pools getting hacked and all bitcoin users losing their coins?


Do not lose your bitcoin, but the trust would be 0 and the value 0

An attacker that controls more than 50% of the network's computing power can, for the time that he is in control, exclude and modify the ordering of transactions. This allows him to:

Reverse transactions that he sends while he's in control
Prevent some or all transactions from gaining any confirmations
Prevent some or all other generators from getting any generations
The attacker can't:

Reverse other people's transactions
Prevent transactions from being sent at all (they'll show as 0/unconfirmed)
Change the number of coins generated per block
Create coins out of thin air
Send coins that never belonged to him
It's much more difficult to change historical blocks, and it becomes exponentially more difficult the further back you go. As above, changing historical blocks only allows you to exclude and change the ordering of transactions. It's impossible to change blocks created before the last checkpoint.

Since this attack doesn't permit all that much power over the network, it is expected that no one will attempt it. A profit-seeking person will always gain more by just following the rules, and even someone trying to destroy the system will probably find other attacks more attractive. However, if this attack is successfully executed, it will be difficult or impossible to "untangle" the mess created — any changes the attacker makes might become permanent.
Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 00:20:21 UTC
And, if you add the rest of the slices in the pie chart, you'll be at 100%

Certain death.   Wink


I worry that 60% of hash power is in the hands of only two ...
Could be hacked and you lose all your money...
Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 00:14:15 UTC
Brings me crazy to think that only a few people associate with bad intentions can destroy all confidence in bitcoin
Post
Topic
Board Bitcoin Discussion
Topic OP
GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
cenixentor
on 02/07/2014, 00:04:01 UTC
I think it would be very easy to kill bitcoin and lose all our money as the currency... Cry Cry

http://i.imgur.com/LwVr4Tg.png

http://www.theguardian.com/technology/2014/jun/16/bitcoin-currency-destroyed-51-attack-ghash-io
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Topic
Board Bitcoin Discussion
Re: POLL: How die hard are you?
by
cenixentor
on 05/06/2014, 00:14:59 UTC
Ok, let's assume that the following scenario is actually possible, I would like to know how you feel when all these thing happen at the same time:

Bitcoin is under a 66% attack (double spends are happening)
Is also banned by the US, Russian, EU and China government by threat of 30 years jail time.
The real satoshi (proven by something) is found dead, killed.




Satoshi is my god  Grin
Post
Topic
Board Speculation
Re: New China Ban incoming
by
cenixentor
on 04/06/2014, 08:29:30 UTC
You and Chinese are assholes
Post
Topic
Board Service Discussion
Re: Why is Blockchain.info always down?
by
cenixentor
on 23/05/2014, 01:29:44 UTC
Now it works, would be in maintenance  Grin
Post
Topic
Board Speculation
Topic OP
Bitcoin today will rise to $ 580
by
cenixentor
on 17/04/2014, 10:28:07 UTC
After the descent without cause $ 480 in bitstamp seems to return the volume buyer today and see $ 580 $ -600$

http://i58.tinypic.com/2eowbgm.jpg

I'm tired of fucking Chinese and FUD

https://www.youtube.com/watch?v=F9dgA23u-FY
Post
Topic
Board Mercado y Economía
Topic OP
Duda sobre Bitstamp y tiempo que tardan en enviar tu dinero
by
cenixentor
on 02/04/2014, 00:47:57 UTC
Hola tengo dinero FIAT en bitstamp aproximadamente unos 6000 dolares y quiero preguntar al sacarlo cuanto tiempo puede tardar en llegar una transferencia SEPA a españa.
¿Alguien que haya sacado dinero en bitstamp antes me puede informar del plazo?

GRACIAS!!!!!