What are you going to do with circulating supply which is according to market cap at 14,8 out of max 16,5, and probably numbers aren't even updated right now?
Correct me if I'm wrong but when this happens, no more rewards for the miners and coin that reaches maximum supply is going down like Titanic?
The supply that is left is going to take around 7 to 10 years to be mined still, and like any other coin that will reach to their cap the rewards for the miners will be the fees from the transactions. Plus if you understand how supply/demand works the more coins are in the market supplied by miners the more buyers you need to have in order to keep the price up now when you have new buyers but no more coins getting in the price will inflate and not "down like Titanic" because now people are fighting for a limited number of available coins. Following your logic Ripple would be down the sink already as they have 3 times more coins in circulation than we do.
The attack is now going on for 4 days. If this ain't an inside job I don't know what is. You don't let something like this to go on for days without any serious intervention, unless you want to intentionally tank it or you are directly or indirectly profiting from the attack.
Looks like XVG team dont care about loses. Looks intentional.
Vitaminas - if they allow to mine it this manner it takes 10days till 17th April. Vitaminas A ar C?
Lol mods in your telegram don't even know it's still going on. I showed one of them proof and he said and I quote "I'm just an admin, I don't know anything". Do you also keep your admins in the dark?
Not taking any sides but trying to be just, being a moderator/admin at a forum/channel is about ensuring proper behavior of the members. Thinking similarly, an office administrator of a software company would not necessarily know about a security breach in one of the company's software products. Might as well not even have the knowledge to understand it
From first ocmines warning passed 2 days. Verge dev say they fixed issue,but it continues today as well,but nothing about today,just digging into that was 2 days back. Problem still here and likely be for other days as well.
By then it was ~`20mil.coins stolen/produced illegaly,how much is for today? Another 20mil.? Soon will be reached XVG cap.
Are you making anything to fix this(to Verge dev)?
I was in the Verge/Discord room when OCMiner came in yesterday, that's where the initial conversation between him and VergeDEV went down, I saw it all live. Here's my take on the situation if anyone wants to listen to a BTCTalk newb: That's my 2cents
Okay guys, as the shit keep hitting the fan harder and harder here I need to take a few steps to actually end that drama for me:
the 1st step would be to stop your pool, and notify miners that its stopped for now. 2nd would be to contact us. 3rd, let us get something ready to fix it instead of invite the entire forum population to join in the attack. after your initial post the rate of blocks increased 10x. you say you want to end the drama, but never in my life have i seen more drama from a single person. you even quoted me in your OP with something i never said lol
The 1st step was done. 2nd seems was done 3rd you didn't fix and after 1st attack,i found my machines is working empty....
There was nio call to attack,just good comunivation about was going on.
YOU SHOULD LEARN COMMUNICATE AS WELL
Post
Topic
BoardAnnouncements (Altcoins)
Re: Network Attack on XVG / VERGE
by
noicyminer
on 05/04/2018, 15:31:06 UTC
Full support and respect for ocminer. You did what you had. Over vise it was open gate for illegal mining.
Looks like ocminr have much more knowledge in this meter compare to dev...sad they are so arrogant and don't see point.