David, what if the Foundation converted their next largest bitcoin donation over some set amount to foldingcoin, and then cash in a press event designed to educate cryptocurrency enthusiasts that they don't have to be as destructive, strictly as a principled stance against bitcoin's waste of electricity? I'd love to get a sense of your idea of the potential drawbacks.
Best regards, Jim On Fri, Nov 2, 2018 at 1:49 AM David Gerard <[email protected]> wrote: > > worth noting again that in my (I am paid to have these opinions now) > professional opinion, nothing about cryptocurrencies is good or > useful, and WMF's involvement should proceed precisely as far as > taking donations at arm's length (never touching an actual > cryptocurrency). And documenting the phenomenon accurately on the > wikis. > > yet again, anyone reading this list is welcome to read my book for > free! (Got good reviews in NYRB and BBC News) > > http://libgen.io/book/index.php?md5=41A766EE9752E757169A46C936C2EC17 > > there you go, an *official* bootleg copy. > > > - d. > > > On Fri, 2 Nov 2018 at 05:54, Father Of Lies <[email protected]> wrote: > > > > 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 <[email protected]> > > > 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 <[email protected]> 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 <[email protected]> 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 <[email protected]> > > >> 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: [email protected] > > >>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > > >>> <mailto:[email protected]?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: [email protected] > > >> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > > >> <mailto:[email protected]?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: [email protected] > > > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > > > <mailto:[email protected]?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: [email protected] > > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > > <mailto:[email protected]?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: [email protected] > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:[email protected]?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: [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:[email protected]?subject=unsubscribe>
