isnt Luke-Jr on the damn share list?

doublec where do you get all this information about Luke-Jr?

i am going to ask him directly about this right now

btw: i thought there was a type of protection against double spend? why did bitcoin not get attacked in this way, Tycho definitely had over half the total network speed at one time, is he just a nicer guy? I thought Luke-JR was a Christian,

I must ask him

what would Jesus do? would he double spend, or would he encourage all alt coins to love one another

lol ok ok ok

but seriously

Unthinkingbit, I encourage you to go with your original plan to increase your buy orders, and its not for me - I wont even sell any devcoins - i dont care, I think people are going to be looking closely at us when merged mining takes off, they will be looking for metrics to measure us by and if the value increases directly after merged mining happens it will be very good for DVC

Also I think it is very important to keep at the forefront of all of this what exactly devcoins do, the fact they serve a greater purpose is what draws me to them, and why I think they will ultimately succeed, you have all these alt coins but essentially they are just another rip off of Bitcoin, this is why Namecoin succeeded it served a greater purpose than to just buy and sell and send money back and forth. We dont need another Bitcoin but there is room for coins that serve some greater purpose.

edit:

just saw this post, https://bt.irlbtc.com/view/56486.0
illustrates my point very nicely

edit:

wow I just realized something

this is probably what was happening yesterday
duh I just realized it.

I woke up in the morning
and the devcoin network was like 17Ghash

luckily I got 8 ghash in my office so I said alright lets go and moved all my mining power to my pool

then that 17ghash has went away

i thought it was excited miners getting ready for merged

but your probably right this is what was happening

in any case this demonstrates we can fight back against this

as long as we have money we can get hashing power, I have friends with big rigs, and my rig isnt tiny it self

if this attack happens in any kind of real way - I need to know who has the funds to support a defense initiative

I know the right people to call to get a 100ghash real quick.

I will let you guys know whats going on with Luke-JR and Devcoin as soon as I ask him

I have mined about 300 bitcoins with his pool.

double c read my edit about yesterday morning and tell me your thoughts

My Open Letter to Luke-JR about accusations and Devcoin

https://bt.irlbtc.com/view/56830.0

so why do you think he will attack it?

Because he warned me he would. By attack I mean mine the chain with a huge hashrate, dump the coins and drive the price down as is happening with i0/ixcoin. Whether he still plans to or not I don't know. Since it's actually happening on other chains it's important to be prepared for it. My warning about 51% attacks is due to what happen to coiled coin. I don't know if he plans to do the same with devcoin but since it's happened to an existing chain it's important to have a plan for dealing with it. You don't want to find 2 hours into merge mining enabled that your chain is dead. Even if the plan is to ask him if he'll please not do it.

I believe we are a good team and we are equipped to deal with this.

4 reasons why everything will be ok
(a) We have drawn public attention to the situation making it uncomfortable for him to do (if he even wants to do it which I am not convinced of yet)
(b) I can personally summon enough mining power to compete at least to the level that if he (or anyone else) wants to really screw the network over they are going to have to invest a lot of resources in doing so. This is a Network that is backed by developers and miners, if someone wants to take it down - its going to be a fight.
(c) the value is already astronomically low, it can only go up from here
(d) I really believe the nature of the devcoin network and the way the difficulty changes so fast will protect us, I mean think about it if someone wants to drive the difficulty up they are going to have to spend their resources to keep it up - someone would really have to hate devcoin to invest this type of money in it. As soon as they stop it will go back down. Problem solved.
(e) im not scared

have a great day gentleman

Luke-jr isn't going to have near 350 ghash by the end of the day
And if he attacks devcoin he wont have half that

As far as summoning mining power as long as we as a team don't mind spending a little money I can summon whatever we need, I have friends with big rigs my man , it might take some coinage to get them moving but if we want to protect devcoin and it comes down to it - we can fight back.

This is the statement from Luke-JR regarding his plans to attack Devcoin

at least he is giving me a chance to talk with him before he moves forward with it.

If anyone has any brilliant reasons why he should let Devcoin live - please PM me with them and I will add them to my list of things I want to point out to him about Devcoin

thanks!

Supposedly how he attacked coiledcoin was not just simply mining it, but also rejecting all other blocks and transactions.

On the face of it this would just mean no other miners ever get any blocks, and the receivers continue receiving. Unless he can strike out somehow against the receivers too?

If he cannot, maybe it doesn't matter that he is the only miner?

Uh, except for no transactions being able to be recorded in the blockchain during the duration of his attack. I guess we can trade dDVC on Open Transactions though, and settle up on the blockchain at some future date, when/if the attack ends or is overpowered. (Maybe we can spend a few years gradually building up a devoted-to-DeVCoin collection of FPGAs until they add up to more hash power than he is willing to continue devoting to his mission of hatred?)

Not actually using the blockchain for the duration will simply put DeVCoin in the same boat as many other blockchains that are currently looking to use Open Transactions or somesuch as a stopgap due to blockchain technology not yet being quite ready for general use/deployment despite the hope that the idea of merged mining had briefly seemed to hold out.

Maybe we should re-consider the "approved miners" concept?

-MarkM-

I've also read that the problems were simply because of the transition to merged mining. I don't know what happened and I'd prefer not to speculate further until I know for sure what happened. In any case, even without an attack, there are sometimes problems in the transition to merged mining, and looking at the block count:
http://107.20.193.62:2750/chain/Devcoin

it look like the transition will be on Saturday or Sunday.

Everyone,

please do not make any devcoin transactions between Saturday, 7 January and Tuesday, 10 January, inclusive. Hopefully transactions will be going through the network by Wednesday, if they are or aren't that will be posted on this thread. Do not make any transactions until someone sends through some small test transactions and they get through without problems.



The key devcoin concept is that 90% of the generation goes to a useful cause. It doesn't matter if it uses a blockchain or Open Transaction. The development was made with a blockchain because at the time I thought that was a secure backend. If it turns out a blockchain is not secure, we'll have to go to an Open Transaction backend.

In any case, it is good to have a backup, so from now on Open Transaction development shall be funded by devcoin as bitcoin development was. If there are any other people helping to develop Open Transaction who are not already on the bitcoin share list, please ask them to post on this thread or message me, and they'll go on the bitcoin share list and get a generation share. You can give a reasonable number of bounties for informative post or setting up Open Transaction as devcoin did. In other words, 1/5 of a generation share for an informative post on the Open Transaction thread, 2/5 of a generation share for setting up a server or something. For bigger specific bounties, please post them on this thread and we'll work out the size and specification.


Hopefully, transactions will eventually get through, if they don't then we'll have to look at other ways of stopping attacks.