Can I asked why all the hate...i thought hackers never show face? Something doesnt seem right with this...and tx just wondering, how would you have kept the coin circulation at 60 mil after the coin got attacked? Honest question. How would we have repaid everyone on minty? I wasnt one of them but I sure wouldnt have wanted the devs to leave me in the dust. Maybe its my rudamentry understanding of this.
First of all, mintpal is responsible for their own security. Second, block chain analysis shows exactly when the attack was done. Mintpal didn't discover the problem until about 2 days later, which shows lax security. Mintpal is responsible for the lost coins, not the devs, even if they were unwilling or unable to properly secure their coin.
Since the attacker is watching the thread, he can confirm that the reported date of the attack (May 16) is 2 days after the attack was successful, which concluded on May 14 in the afternoon (USA Central time). I was watching with interest at that time because C2 froze on Polo and then I was interested in what the attacker did. I figured it out by blockchain analysis. It probably would have been quicker to find his post on the thread where he said exactly what he was going to do. LOL
Second, if it came to the choice of launching a new coin with 67% more coins or rolling the chain back before the first successful attack on mintpal, I would have rolled back the block chain. I mentioned this to Joel and he said it was too much trouble. If I had enough stake in this coin, I would have done it. It wasn't worth my time because I didn't have enough stake in the coin, even though I was on the rich list, barely.
Other attacks came on May 9, early morning and mid day (USA Central). The attacker can confirm all of this.
If worse came to worst, I would have no problem sending bag holders to work their problems out with mintpal. Mintpal should be able to secure their interests without passing their failings off on the users. If it came to the point where mintpal would drop C2, that would be preferable to inflating the money supply 67%.
Anyway, the attacker pointed out the holes and said he wasn't going to grief this coin anymore. You guys can keep believing that a 40% devaluation of your currency is OK. The hole is still there, so you have only yourselves to blame if you get punked again by another attacker. I'll have fun watching when he does it. I promise, it won't be me.