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Omnicoin Problem

My apologies Omni, I hope we can get this fixed soon.

~GTH
Thanks for the heads up Omni.
We'll see the influence of what happened in the near future.
Let's see what this turns out too.

👍
I'm sure you'll get it all fixed Omni, you always do.
(Feb 10, 2015 03:56 PM)Omniscient Wrote:  Not really up to me to fix this. I'm not a crypto coin developer.

sorry to hear man, assuming it was someone trying to buy the group to make sure they didn't lose or just a typical dick trying to ruin someones project
Thanks for the update on Omni coin!
Damn this sucks but anyone knows this can happen to coins with low network hash rates. Nothing you can do besides increasing the popularity of the coin to prevent something like this from happening. This wouldn't ever happen to BTC/LTC
(Feb 11, 2015 03:23 PM)Omniscient Wrote:  I think we're within 48 hours of having this fully resolved. Maybe sooner if we're lucky. 51% attacks are almost unpreventable. Sort of like DDOS attacks. It's a matter of out-hardwareing the attacker. There are measures that can be taken to minimize the risk and the damage which I'm sure the dev team will consider. Example might be raising the confirmation requirements. Another might be purchasing more nodes and running more mining equipment. Could be possible too that better monitoring can be placed to alert us and the community of problems as quickly as possible.

Not too concerned over the long-term effect of this situation. All alt-coins deal with similar problems with hacks, attacks, and manipulation. I have faith in the strength of our community to overcome this.

Unfortunately those of us affected by this have to realize that it's something we should have taken into account long before putting the coins on an exchange. The hash rate was just not high enough to be immune to a 51% attack. Myself and many others were concerned in the beginning of OMC but for some reason we got comfortable and forgot to remain vigilant in keeping our (or at least my) coins safe. This'll serve as a reminder to not forget and ignore risks like that just because it hasn't happened yet, doesn't mean it won't.