[ANN] Potential Premine SCAM coins: RainbowCoin Evercoin

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: micryon on May 24, 2014, 08:09:25 PM

Hmm just found out that Quarkbar did indeed have a premine.. found 20 days after i posted this.

Do your own due diligence people, this is just from a github search with scam code.. you make your own decisions.

We managed to get rid of 98% of the malicious Quarkbar coins luckily and were able to freeze his trading account at an exchange.

micryon

full member

Activity: 154

Merit: 100

Hmm just found out that Quarkbar did indeed have a premine.. found 20 days after i posted this.

Do your own due diligence people, this is just from a github search with scam code.. you make your own decisions.

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: HunterS on May 24, 2014, 07:50:39 PM

rainbowcoin is no premine scam i mined that from the very first block.u need to stop making false accusations and do some research .u are a complete moron

There are at least two coins of the same name. LGBT isn't the one with hidden premine.

HunterS

hero member

Activity: 644

Merit: 500

rainbowcoin is no premine scam i mined that from the very first block.u need to stop making false accusations and do some research .u are a complete moron

micryon

full member

Activity: 154

Merit: 100

so ... i guess some of these did turn out to be scams?

hacintosh

newbie

Activity: 31

Merit: 0

Quote from: NetScr1be on May 04, 2014, 10:30:32 AM

Dygus could you please link to the source of your information?

Also how does changing algorithm now affect the blocks (that may have been) pre-mined? The OP isn't claiming BeeCoin is a scam just pointing out a potential vulnerability. Don't shoot the messenger because you don't like the news they bring.

If you want to help Beecoin make sure the dev sees this tread.

Disclaimer: I own a small amount of of Beecoin (<50K) that I acquired while researching mining.

Thanks

Quote from: dygus on May 04, 2014, 06:08:46 AM

Bee coin isn't scam there is new dev and he's changing algo from POW to X11 POS, you should read befor telling shits.

Beecoin's resurrection plan is on the move for quite some time. Check it out here:

https://bitcointalk.org/index.php?topic=559876.0;all

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: micryon on May 04, 2014, 05:01:03 PM

Quote from: Jonesd on May 04, 2014, 04:53:26 PM

Quote from: ouchmefoot on May 04, 2014, 04:16:17 PM

Love QB, glad it was cleared

Same here

I can confirm that Quickbar and Beecoin does NOT have the other markers of the premine hiding (that exists in main.h and main.cpp). So it was probably is nothing.

Though that code fragment still seems incorrect and should be patched even if harmless.

You've done great work on this, btw. Impressive that you found it!

micryon

full member

Activity: 154

Merit: 100

Quote from: Jonesd on May 04, 2014, 04:53:26 PM

Quote from: ouchmefoot on May 04, 2014, 04:16:17 PM

Love QB, glad it was cleared

Same here

I can confirm that Quickbar and Beecoin does NOT have the other markers of the premine hiding (that exists in main.h and main.cpp). So it was probably is nothing.

Though that code fragment still seems incorrect and should be patched even if harmless.

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: ouchmefoot on May 04, 2014, 04:16:17 PM

Love QB, glad it was cleared

Same here

ouchmefoot

full member

Activity: 198

Merit: 100

Love QB, glad it was cleared

SiNeReiNZzz

legendary

Activity: 1022

Merit: 1043

αLPʜα αɴd ΩMeGa

Quote from: NetScr1be on May 04, 2014, 10:30:32 AM

Dygus could you please link to the source of your information?

Also how does changing algorithm now affect the blocks (that may have been) pre-mined? The OP isn't claiming BeeCoin is a scam just pointing out a potential vulnerability. Don't shoot the messenger because you don't like the news they bring.

If you want to help Beecoin make sure the dev sees this tread.

Disclaimer: I own a small amount of of Beecoin (<50K) that I acquired while researching mining.

Thanks

Quote from: dygus on May 04, 2014, 06:08:46 AM

Bee coin isn't scam there is new dev and he's changing algo from POW to X11 POS, you should read befor telling shits.

right!

NetScr1be

newbie

Activity: 2

Merit: 0

Dygus could you please link to the source of your information?

Also how does changing algorithm now affect the blocks (that may have been) pre-mined? The OP isn't claiming BeeCoin is a scam just pointing out a potential vulnerability. Don't shoot the messenger because you don't like the news they bring.

If you want to help Beecoin make sure the dev sees this tread.

Disclaimer: I own a small amount of of Beecoin (<50K) that I acquired while researching mining.

Thanks

Quote from: dygus on May 04, 2014, 06:08:46 AM

Bee coin isn't scam there is new dev and he's changing algo from POW to X11 POS, you should read befor telling shits.

tuaris

hero member

Activity: 778

Merit: 500

Quote from: YarkoL on May 04, 2014, 08:43:58 AM

The ValueFromAmountWithFee function in itself is innocuous.
It seems to return the value of transaction in case that the tx fee exceeds the maximum.

To see where it is used to hide premine, I searched for line

Code:

ValueFromAmountWithFee(pindexBest->nMoneySupply)

The results are here

https://github.com/search?q=ValueFromAmountWithFee%28pindexBest-%3EnMoneySupply%29&type=Code&ref=searchresults

The first coin to pull the scam is
SHACoin

followed (knowingly or not) by
Evercoin
RainbowCoin
Asiacoin
xxxcoin

This clears Beecoin and Quarkbar of suspicion.

Just an FYI, the Rainbowcoin on that list is not the same one as the SHA256 one (https://github.com/Rainbowcoin/Rainbowcoin).

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: YarkoL on May 04, 2014, 08:43:58 AM

The ValueFromAmountWithFee function in itself is innocuous.
It seems to return the value of transaction in case that the tx fee exceeds the maximum.

To see where it is used to hide premine, I searched for line

Code:

ValueFromAmountWithFee(pindexBest->nMoneySupply)

The results are here

https://github.com/search?q=ValueFromAmountWithFee%28pindexBest-%3EnMoneySupply%29&type=Code&ref=searchresults

The first coin to pull the scam is
SHACoin

followed (knowingly or not) by
Evercoin
RainbowCoin
Asiacoin
xxxcoin

This clears Beecoin and Quarkbar of suspicion.

That is great news!

Thanks!

YarkoL

legendary

Activity: 996

Merit: 1013

The ValueFromAmountWithFee function in itself is innocuous.
It seems to return the value of transaction in case that the tx fee exceeds the maximum.

To see where it is used to hide premine, I searched for line

Code:

ValueFromAmountWithFee(pindexBest->nMoneySupply)

The results are here

https://github.com/search?q=ValueFromAmountWithFee%28pindexBest-%3EnMoneySupply%29&type=Code&ref=searchresults

The first coin to pull the scam is
SHACoin

followed (knowingly or not) by
Evercoin
RainbowCoin
Asiacoin
xxxcoin

This clears Beecoin and Quarkbar of suspicion.

defaced

legendary

Activity: 2184

Merit: 1011

Franko is Freedom

Only use coins that fork trusted repos or.. this.

Jonesd

legendary

Activity: 1876

Merit: 1014

POLL

I'm trying to get an idea of the total amount of Quarkbar coins held by bitcointalk users. Please PM me the amount and vote in this topic:
https://bitcointalk.org/index.php?topic=595204.new#new

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: micryon on May 04, 2014, 06:35:40 AM

Quote from: soopy452000 on May 04, 2014, 06:24:22 AM

There are alot of changes coming with Bee , better hold it for now.
I'm the new Dev working on Bee and will update as needed.

For the moment Bee is in a transition phase to X11 with POS so I believe you can assume we are on the safe side.

yeah it may be nothing.. but just giving you guys a heads up.. might want to patch that code, regardless tho, it's just .. wrong

Quarkbar is patched, but we will have to look into the total amount of coins.

micryon

full member

Activity: 154

Merit: 100

Quote from: soopy452000 on May 04, 2014, 06:24:22 AM

There are alot of changes coming with Bee , better hold it for now.
I'm the new Dev working on Bee and will update as needed.

For the moment Bee is in a transition phase to X11 with POS so I believe you can assume we are on the safe side.

yeah it may be nothing.. but just giving you guys a heads up.. might want to patch that code, regardless tho, it's just .. wrong

platorin

sr. member

Activity: 392

Merit: 250

Stay away from all the coins you are not sure of. That is around 99% of that alt-xxxx!

Topic: [ANN] Potential Premine SCAM coins: RainbowCoin Evercoin (Read 7429 times)