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Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 16. (Read 1076394 times)

newbie
Activity: 57
Merit: 0
when cryptopia release emc2 holder coin
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
Scientific research in the field of what will be done. Does this project already have experts in the research field in question or will work with experts throughout the world. This is a very large and external project.

We have people with good scientific knowledge to talk to people who submit projects. They can ask the right questions and are able to understand if everything is legit.


yes but you have floundered with your fortune Wink lol

Unfortunate yes, so now you have to buy join the crew Smiley

buy buy buy  Shocked   lol
full member
Activity: 267
Merit: 150
Scientific research in the field of what will be done. Does this project already have experts in the research field in question or will work with experts throughout the world. This is a very large and external project.

We have people with good scientific knowledge to talk to people who submit projects. They can ask the right questions and are able to understand if everything is legit.


yes but you have floundered with your fortune Wink lol

Unfortunate yes, so now you have to buy join the crew Smiley
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
Scientific research in the field of what will be done. Does this project already have experts in the research field in question or will work with experts throughout the world. This is a very large and external project.

We have people with good scientific knowledge to talk to people who submit projects. They can ask the right questions and are able to understand if everything is legit.


yes but you have floundered with your fortune Wink lol
legendary
Activity: 1164
Merit: 1000
Einsteinium Foundation Board Member and Treasurer
Scientific research in the field of what will be done. Does this project already have experts in the research field in question or will work with experts throughout the world. This is a very large and external project.

We have people with good scientific knowledge to talk to people who submit projects. They can ask the right questions and are able to understand if everything is legit.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
Scientific research in the field of what will be done. Does this project already have experts in the research field in question or will work with experts throughout the world. This is a very large and external project.

you even science brah? =) LOLLL
sr. member
Activity: 1554
Merit: 255
payMe - P2E
Scientific research in the field of what will be done. Does this project already have experts in the research field in question or will work with experts throughout the world. This is a very large and external project.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
means those have emc2 coin in cryptopia lose there coin no refund Huh?

It does not mean that, there will be some course of action to recover those coins.

SIT AROUND AND DO NOTHING TO MOVE THE COIN FORWARD? :\ HMMM
full member
Activity: 267
Merit: 150
means those have emc2 coin in cryptopia lose there coin no refund Huh?

It does not mean that, there will be some course of action to recover those coins.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
at the current rate loss of exchange 25 BTC. This is not too much for such an exchange. Users should not suffer, it is not their fault. If hackers hack into my account and take my money, the exchange returns nothing to me. So I should not pay for the problems of the exchange.


they are likely working in collusion with bittrex ~ extorting shitcoin devs is the 2018 exchange hustle for insiders.... Wink meh
jr. member
Activity: 125
Merit: 1
at the current rate loss of exchange 25 BTC. This is not too much for such an exchange. Users should not suffer, it is not their fault. If hackers hack into my account and take my money, the exchange returns nothing to me. So I should not pay for the problems of the exchange.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
In reference to Cryptopia’s notice about EMC2 wallet:

‘Market Paused
10 December 2018 - Our EMC2 market pause is ongoing, as we have determined that this coin suffered a 51% network attack in September, and associated issues have not yet been resolved with the development team. We will provide further updates as they become available, apologize for any inconvenience and appreciate your patience in the meantime.

Here is our statement/update:

The issue with Cryptopia that differs from other exchanges is that Cryptopia did not have monitoring tools in place for EMC2 and probably not for many other coins, and let attack continues for 10 days.

In situations of 51% attack, exchanges usually close the doors immediately, and work with development teams on investigating possible financial damage and applying updates to close security holes or to push  major security improvements, what EMC2 did.

Security part was covered by implementing KMD dPoW which protects coin from further threats.
Other exchanges already updated the wallet and let the market go. EMC2 is well protected now.

On financial side, we had informal agreement with Cryptopia to keep the market running even before Lightsaber release  and to do a refund up to 200k of EMC2 in the case attack. At that time Cryptopia was not affected by those 51% attacks.

200k of EMC2 was taken as the number that matched the daily volume on Cryptopia and was also amount that Einsteinium Foundation was comfortable with to do refund. Double spent trades are only percentage of total daily trades, thus 200k of EMC2 was more than enough as insurance.

Back to the the topic - the issue with Cryptopia is simply that they were not aware that they’ve been hacked until we asked them to upgrade the wallet to Lightsaber, so they performed sum check and noticed missing coins.
They came back to Einsteinium asking to cover the total of 10 days hacking which is 1,788,545 EMC2 coins.
Einsteinium Foundation does not want (nor can) to go over agreed 200k.
Accepting refund would mean accepting other costs and putting market back to normal.

It is on Cryptopia turn to let the public know what is coming next.



 Grin

#cryptopia be like ...
newbie
Activity: 57
Merit: 0
means those have emc2 coin in cryptopia lose there coin no refund Huh?
sr. member
Activity: 536
Merit: 252
In reference to Cryptopia’s notice about EMC2 wallet:

‘Market Paused
10 December 2018 - Our EMC2 market pause is ongoing, as we have determined that this coin suffered a 51% network attack in September, and associated issues have not yet been resolved with the development team. We will provide further updates as they become available, apologize for any inconvenience and appreciate your patience in the meantime.

Here is our statement/update:

The issue with Cryptopia that differs from other exchanges is that Cryptopia did not have monitoring tools in place for EMC2 and probably not for other coins also, and let attack continues for 10 days.

In situations of 51% attack, exchanges usually close the doors immediately, and work with the development teams on estimating possible financial impact and applying updates to close security holes or to push  major security improvements, what EMC2 did.

Security part was covered by implementing KMD dPoW which protects coin from further threats.
Other exchanges already updated the wallet and let the market go. EMC2 is well protected now.

On financial side, through emails, we agreed with Cryptopia to keep the market running even before Lightsaber release  and to do a refund up to 200k of EMC2 in the case of attack. At that time Cryptopia was not affected by those 51% attacks.

200k of EMC2 was taken as the number that matched the daily volume on Cryptopia and was also amount that Einsteinium Foundation was comfortable with to do refund. Double spent trades are only percentage of total daily trades, thus 200k of EMC2 was more than enough as insurance.

Back to the the topic - the issue with Cryptopia is simply that they were not aware that they’ve been hacked until we asked them to upgrade the wallet to Lightsaber, so they performed sum check and noticed missing coins.
They came back to Einsteinium asking to cover the total of 10 days hacking which is 1,788,545 EMC2 coins.
Einsteinium Foundation does not want (nor can) to go over agreed 200k.
Accepting refund would mean accepting other costs and putting market back to normal.

It is on Cryptopia now to make the next turn and to let the public know what is their course of action.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
EMC2 should submit application to coinbase!

Coinbase just announced that they are reviewing to add 30 new currencies
https://news.bitcoin.com/coinbase-opens-the-door-to-more-than-30-new-cryptocurrencies/

To apply to be listed is at the moment FREE .
One of the criteria for inclusion is ""Demonstrable record of responding to and improving the code after a disclosure of vulnerability" - EMC2 is one of the best in that.
Another criteria is Liquidity - we have very nice volumes.

https://listing.coinbase.com/

https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f465

Etc.
Let's go!

Application sent!

You are all welcome to contact Coinbase and ask to list EMC2.

Cheers!

bwaahahahahaa =) nice +1
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
dev pls enable trade and withdraw in cryptopia

Could you tell us how devs can enable trade on any exchange?


lol ~ need my help? Wink kek



newbie
Activity: 57
Merit: 0
JUST MAIL TO CRYPTOPIA START TRADE or START WITHDRAW
full member
Activity: 267
Merit: 150
dev pls enable trade and withdraw in cryptopia

Could you tell us how devs can enable trade on any exchange?
newbie
Activity: 57
Merit: 0
dev pls enable trade and withdraw in cryptopia
sr. member
Activity: 536
Merit: 252
EMC2 should submit application to coinbase!

Coinbase just announced that they are reviewing to add 30 new currencies
https://news.bitcoin.com/coinbase-opens-the-door-to-more-than-30-new-cryptocurrencies/

To apply to be listed is at the moment FREE .
One of the criteria for inclusion is ""Demonstrable record of responding to and improving the code after a disclosure of vulnerability" - EMC2 is one of the best in that.
Another criteria is Liquidity - we have very nice volumes.

https://listing.coinbase.com/

https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f465

Etc.
Let's go!

Application sent!

You are all welcome to contact Coinbase and ask to list EMC2.

Cheers!
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