I am disappointed by you guys. No proof was given anywhere. This is just scaremongering. No matter who BitcoinEXpress is, he didn't give proof.<p>This was a planned hard fork, as you can see on the Auroracoin forums[1]. The fork was planned on block 5400, which happened today[2].<p>[1] <a href="http://forum.auroracoin.org/viewtopic.php?f=8&t=129" rel="nofollow">http://forum.auroracoin.org/viewtopic.php?f=8&t=129</a><p>[2] <a href="http://blockexplorer.auroracoin.eu/block/74546cee7f93595d36a4fb0f4fe62739ca5bced85eb4e368e4c6fee960e73476" rel="nofollow">http://blockexplorer.auroracoin.eu/block/74546cee7f93595d36a...</a>
I read a bit through the forum discussion and the part I find fascinating is that new cryptocurrencies, with low hash rates, are seen as targets ... and that there are high-hash-capability persons and organizations that will attempt to "break the bank" so to speak ...<p>Which leads me to conclude that any new cryptocurrency would need to be launched by an organization that had the computing power to defend the currency (assuming it follows resource-intensive mining paradigms like bitcoin et. al)<p>Can anyone comment on this interpretation ?
This is "just" a scheduled hard fork that went bad. The developers made a backwards incompatible change to the protocol and presumably, a sizable part of the network forgot or refused to update their client.<p>While altcoins are more vulnerable to 51% attacks, 51% attacks do not result in hard forks. Hard forks can only happen when two or more incompatible clients are simultaneously used by the network participants.<p>51% attacks are easier to pull off during hard forks because the network's hashing rate is essentially split between the chains but there is no evidence that such an attack has occurred.
It was just one person who stated there was multiple forks, it was several posting on Reddit and Bitcointalk. A few them are developers. The hash rate jumped instantly from 1.6 GBS to more than 50gbs in a matter of a minute or two. There were clearly multiple forks for a time.
coinmarketcap.com charts over 190 altcoins.<p>30 day chart:<p><a href="http://coinmarketcap.com/aur_30.html" rel="nofollow">http://coinmarketcap.com/aur_30.html</a><p>7 day chart:<p><a href="http://coinmarketcap.com/aur_7.html" rel="nofollow">http://coinmarketcap.com/aur_7.html</a>