Steem has the lead on the NetCoins contest but Verge is close behind. Let's fix that.

in #steem6 years ago (edited)

Verge, a so-called privacy coin, which was subject to not just one or two but at least three 51% attacks. If this was baseball, Verge..


vergeyoureout.gif
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Here's the meat and potatoes about the attacks on Verge. I wouldn't touch that crypto with a 10 foot pole. I remember when John McAfee was shilling the hell out of it and, if I recall, people got burned. No thanks.

It started back in April, when Verge suffered a small 51% attack that resulted in 250,000 XVG being stolen by hackers. Verge responded by hard-forking their blockchain, however, the 51% attack was repeated just last week when hackers added a second algorithm to exploit the same vulnerability previously used by the attackers.

51% attacks happen when hackers use a malicious code to mine multiple blocks per minute on a blockchain, allowing the attackers to gain majority control over network hashrates and move XVG to their wallets. At the peak of the second attack, the hackers were mining 25 blocks per minute, or roughly 8250 XVG or $950 a minute being stolen by thieves.

Verge downplayed the attack as nothing more than a DDoS attack, but according to reports, over 35 million in XVG tokens, amounting to over $1.7 million dollars, was stolen as a result of the attack.

You can read more details here.

What can you do? Follow the link below and vote! Get the word out. I've heard that the Verge people may be employing bots so all the more important. This is the last day so don't sit on your ass and forget as this is a great opportunity for Steem hodlers. Take advantage of it.

http://contest.gonetcoins.com/

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It's obvious someone on the verge side is taking the piss since it took them 6 days to get to 8k of votes and today they can get 4k in a few hours. We have the lead so hopefully enough people vote steem to finish this thing out.

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Verge just dropped about 2k votes

Hopefully the same happens to the INS coin too as they picked up ten thousand votes in a few hours....????

Yeah, seems a little strange doesn't it. 🤞

Just a small bit.

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I've already emailed Netcoins support saying they need to require crypto to be sent from a wallet created before the contest to confirm identities. It would only cost a person (from both sides) a tenth of a penny in crypto to do this.

They are clearly cheating scammers.

@edicted,

Good on you. That is a reasonable request. Steem not having any transactions fees would clearly put it at an advantage but don't that that it's necessarily unfair. There definitely needs to be some sort of verification mechanism in place.

So, last I checked, it's INS that is now #2 but we have a healthy lead. Wouldn't say we are entirely in the clear so I have been hitting Reddit. I wrote a bit about my findings on INS. Long story short, they are falling behind on their roadmap it seems and are light years behind Steem in terms of API and apps.

Even though the aim of the project seems good, I think clearly Steem is the coin that is more worthy of the listing.

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Verge done, now INS hitting #1 - we might all know this can not be legit and by human community votes.

You've got to be kidding me. I did my homework on them, too. They are not even hitting their roadmap milestones. I call shenanigans.

Yeah cheaters - curious to read the final result next week

If McAffe says Verge, Im voting for Verge! 😂

/FF

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