Topic: [ANN][GHOST] GhostCoin | Roadmap | Thread Redesign | Bittrex | Bter | 400GH+ - page 17. (Read 117134 times)

Not true its been proven time and time again POD doesnt mean shit anymore. Anyone can submit fake ids and 4+ stars

It's nice to see the dev attempting to fix this mess, But you've repeatedly avoided the most important question - When are you going to do POD? I'm not going anywhere near this coin again until you address POD. Nobody will trust you, even remotely, until this has been done.

That's an intelligent post.

I'll just sell my entire bag right now. Oh wait. THE MARKET IS FROZEN!!! There is no choice at the moment.

if dev can fix this correctly, then this maybe the best way to reduce everybody's lose. and regain trust from community.

hope dev can handle this.

This wouldn't be the first time a block chain roll back happened. There is coins this worked for. Kinda shocked to see this being address and worked on. I applaud the dev for committing to fix this.

For those who don't realise this yet, get the fuck out!!

@GhostCoinDev

Coins after the supposed backtracking will be rejected  or will reject blocks with bigger prizes? In other words, the blocks will be discarded after the specified block?

I'm sorry but I'm not familiar with the technical capabilities of the code.

The only bad coins will be after the 10 Million block which means the dumps to 0 Sat on Bter had already begun. Hundreds of thousands of coins were dumped on one guys buy order of less than half a bitcoin.

Ill be damned if someone with .38 Bitcoin is going to hold 600,000 coins lol

Rewind the clock and we will have less trouble holding a similar price as was frozen on Bittrex. No megawhales created for next to nothing - minimize dumping concerns.

If dev fixes this, he will gain alot of respect from the community and trust in any future projects he does. I hope this is fixed by the end of the week. What will happen to the people who unknowingly bought bad coins?

Excellent work dev - Got your back on this one ;-)

Can we get even a very rough date when we will be back up and running?

Cheers!

---

---

We want to thank everyone for their support during this time it has been a learning process from the school of hard knocks for all involved. We want to let everyone know that work is being done constantly to correct the issues and there are significant updates to report.

Here are the latest updates:

• A new github account has been created, the fixes have been made, and new keys have been generated as well.
• We are working on a getting a rollback implemented to correct the blockchain issues and revert the 10million PoW block.
• We are going to have a hardfork scheduled to correct the issue as it only appears to have affected PoW blocks.
• New seed nodes are being setup for the new coin hardfork which will be used to sync the new blockchain going forward.

Again our sincere apologies for this issue, we are currently working on the rollback and will announce the hardfork date soon and confirm it with the exchanges. We want to thank again everyone for their efforts to help resolve this issue.



-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1
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=w9Em
-----END PGP SIGNATURE-----

im noob. glad i made it out just in time.
lesson learned.

IPOminer's legit, they were as surprised and affected as every one of us. The scammer is the dev, no one else.
This was done with such intention and planning that If it weren't for Bittrex's alarm system and ocminer's block explorer we wouldn't have known what happened.

I've been with IPO miner pool from the start. They do not add scam coins, they are usually first to remove them.
But they do add new coins when they feel it has potential to be a good coin.  They have picked many winners, and
a few losers. Currently they are mining Whistle and Glow. Neither are a scam or have been found to have any issues,
but those coins could go to zero or never be listed, or they could go way up. It obviously depends on the dev team
and whether they are legit.  Having said all that, about 90% of the new coins that come out have some kind of issues
or are a scam. If you don't want to speculate in brand new coins, then stick to ltc, doge, drk, vert, etc., the established
coins.

so what timeframe are we looking at?

What if he is..
But the fact is if the Dev was a scammer he wouldn't be here now for he has nothing to gain from it.
I have some of these coins and if theres a chance the situation can be salvaged then its all good.

I somehow doubt that IPOMiner is on it, knowing its ownership for nearly a year now and watching them weather storm after storm.

Though they do look suspicious, it is inherent to the nature of how they do business.

IPOMiner gets its competitive edge over other pools by taking the calculated risk in mining newly-released coins, oftentimes before they have been listed on an exchange.

Usually it works well for them, as a decent sized bag can be mined while the coin is still of little to no value before being listed that then becomes a substantial value once listed and the market establishes a price.

Having scamcoins pass through their system is as much of a burden on ipominer as it is on bittrex, precisely because people come back and accuse them of being in on it when the warning signs clearly state trade/mine at your own risk.

And both bittrex and ipominer have made great strides in detecting and shutting down scams as quickly as possible. Bittrex's system reacted with no human intervention to suspend ghost when abnormal activity was detected, with ipominer switching off and suspending it very soon after.


As far as the future for ghost though, this exploit is effectively the same nature as what happened to USB. While in this case bittrex suspended the coin before the scamdevs could successfully dump the illicit coin, the rollback required to undo those transactions would still result in a substantial loss of profit for all of the exchanges to have been trading at the time of the exploit.

Combine that loss of profit with the loss of developer trust, and the history that shows coins to have such scams happen seldom if ever recover, and you have a situation where allowing the coin to return is a pretty significant gamble for the exchanges while offering sadly little profit because people just want to dump their bags and get away from the mess.

It would save everyone a lot of time to just call the chain a total loss and move on.

you will only be called fudder cause people don't deal with reality only care about their bags , why didn't dev comment before it was duped on bter , your plan b scenario is most likely the way it played out dev didn't get to dump and is also deep in it sso trying to save his own interest , but you will only be called fudder for speaking up . 

BoeeeZZZaaaa  

I think you misunderstand what trolling is.  Why are you so blind?

Indeed it may be willfull blindness i.e. get GHOST revived for long enough that you can sell your bags to some other poor loser who gets taken in by the dev. 

That way you don't lose anything. 

Be honest now. 

That would make you just as much a scammer as whoever sent 10m coins to Bittrex.

The truth hurts I suppose.