That is a complete useless responds. Bitcoin, Litecoin and all are no piramide games.
Sent from my iPhone > On 1 Nov 2018, at 11:57, Gerard Meijssen <gerard.meijs...@gmail.com> wrote: > > Hoi, > Bitcoin and its ilk rely on an overabundance of energy. In this day and age > the speculation of these "currencies" is irresponsible. The best attack on > this pyramide game is to stay away from it. > Thanks, > GerardM > > On Thu, 1 Nov 2018 at 10:38, Robert Rohde <raro...@gmail.com> wrote: > >>> What is a 51% attack? >> >> A 51% attack is when a single malicious entity controls >51% of the >> computing power being used to validate the blockchain of a particular >> digital currency. Blockchain-based digital currencies rely on a consensus >> of computing participants acting in good faith to verify transactions and >> coin ownership. However, if a single entity controls a majority of the >> compute power, then it is possible for them to maliciously validate bad >> transactions to steal, double spend, and otherwise commit fraud using the >> currency. >> >> Smaller digital currencies, with fewer participants acting to maintain >> their blockchain, are generally more vulnerable to this kind of attack. A >> bad actor can rent a large block of computing power and then use it to >> attack a small blockchain. Such attacks have been becoming more common, >> though the largest coins (e.g. BTC) are still resistant due to the size of >> their community. >> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/ >> >> I don't know anything about FoldingCoin and whether it is more or less >> vulnerable to this kind of fraud than other cryptocurrencies. >> >> However, the 51% attack may just be the death of many smaller alt-coins, >> unless an effective countermeasure can be developed. >> >> -Robert Rohde >> >>> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <jsals...@gmail.com> wrote: >>> >>> Geni, it's the "Day of the Dead" now so I want to attempt to resurrect >>> this thread. >>> >>> Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack? >>> >>> Do you think it is reasonable for the Foundation to convert bitcoin to >>> FoldingCoin as part of its program to source clean electricity? >>> >>> Best regards, >>> Jim >>> >>> >>> On Fri, Apr 13, 2018 at 7:21 AM James Salsman <jsals...@gmail.com> >> wrote: >>>> >>>>> Cryptocurrency. If your first thought isn't "how could a scammer >>>>> exploit this" you are doing it wrong. >>>> >>>> I've thought about that for several hours now, and I'm sure scammers >>>> far prefer bitcoin. Folding@Home's lab director is a partner >>>> Andreessen Horowitz, so he has certainly had no lack of resources to >>>> defend against the possibility, and I am persuaded that the Indiana >>>> nonprofit behind FLDC is sincere and acting in good faith at present. >>>> If the Foundation is hesitant, they might sponsor an audit of either >>>> or both, but the Folding@Home project is so established that its >>>> article is featured on enwiki. >>>> >>>> I have no financial interest in any cryptocurrency, and I never have, >>>> and I don't have a familial interest with anyone who I am aware has >>>> any either. >>>> >>>> Best regards, >>>> Jim >>> >>> _______________________________________________ >>> Wikimedia-l mailing list, guidelines at: >>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and >>> https://meta.wikimedia.org/wiki/Wikimedia-l >>> New messages to: Wikimedia-l@lists.wikimedia.org >>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, >>> <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe> >> _______________________________________________ >> Wikimedia-l mailing list, guidelines at: >> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and >> https://meta.wikimedia.org/wiki/Wikimedia-l >> New messages to: Wikimedia-l@lists.wikimedia.org >> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, >> <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe> > _______________________________________________ > Wikimedia-l mailing list, guidelines at: > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and > https://meta.wikimedia.org/wiki/Wikimedia-l > New messages to: Wikimedia-l@lists.wikimedia.org > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe> _______________________________________________ Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l New messages to: Wikimedia-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe>
