Hey, For once, I'll make this one short : I agree, let's stay away from widely fluctuating, purely fiduciary, resources-hogging (and no, FLDC does *not* rely on "clean electricity", it's still an energy hog like the lot of them), crypto-currencies. And while we're at it, pretty please, let's also stay away from this long-dead thread. 6 months is dead enough, I don't think we need to go through that again.
Thanks. Roger / Alphos Le jeu. 1 nov. 2018 à 19:33, Gerard Meijssen <[email protected]> a écrit : > 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>
