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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 524. (Read 1192000 times)

newbie
Activity: 36
Merit: 0
could someone clarify whether the exploited coins made their way onto exchanges?
hero member
Activity: 518
Merit: 500
Buggy ICO page - Not had any issues personally

Wallet - Bugs exist as its new, many have been fixed in 0.1.5.2e build and development is ongoing.

Hack - resolved within hours.  Heard anyone here complaining they lost any coins?

Things will settle down shortly and life will carry on.  Too many drama queens here.



You can't even refresh the ICO page without it logging you off.  That's a joke and it's been like this for at least a couple of months.

And the wallet is still clunky and not ergonomically designed.  I haven't tired the new beta version though.  I know they are trying to fix it, but doesn't help things to deny that there are fundamental problems with the software and website.

I am a KMD bagholder at this point and don't feel like selling, so I certainly wish the developers the best and I have no idea how difficult it is to pull all this off, but people have a right to complain when mistakes are made that is costing them money.
hero member
Activity: 518
Merit: 500
How is the price moving up slightly on Bittrex with the hard fork looming?  Is it that it's not a big deal or is it that people can't get coins on there to sell?   It's very peculiar.
sr. member
Activity: 383
Merit: 250
It looks like trading has been halted. Any idea for how long?

No idea now, maybe there will be a few days, you know to handle a hard fork is like a pain in the ass, not easy to fix it, but they will.
newbie
Activity: 26
Merit: 0
Trading is still going on at Bittrex.



Yes, that seems to be the case. Coinmarketcap shows 0 Bittrex volume last updated 19 hours ago.
legendary
Activity: 1428
Merit: 1000
Trading is still going on at Bittrex.

newbie
Activity: 26
Merit: 0
It looks like trading has been halted. Any idea for how long?
legendary
Activity: 1120
Merit: 1008
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Are you joking, there was 0% trade volume on Bittrex also the price as dumped to 3000sat range. I don't know where you people look for information. It is a pity I missed the 150sat dump, I would have made 20X return on my investment by now
What are you talking about 24 hour trading volume at bittrex is 36BTC+ and price have never dropped to 3000 sat range.

Look at this https://bittrex.com/Market/Index?MarketName=BTC-KMD


Quote
Wallet maintenance - Upgrade for Hard Fork
Hard Fork  Shocked Roll Eyes
sr. member
Activity: 306
Merit: 250

 I downloaded new iguana wallet.
however you choose wrong korean flag for 'korean won coin'.
This flag is north korean flag. But generally we use South korean flag for 'korean won'



LOL, they use the wrong flag, it is really funny. But good feedback, they will listen to you and modify it.
newbie
Activity: 6
Merit: 0

 I downloaded new iguana wallet.
however you choose wrong korean flag for 'korean won coin'.
This flag is north korean flag. But generally we use South korean flag for 'korean won'

hero member
Activity: 518
Merit: 500
Don't like the project? Just sell and fuck off, we all know the risks involved gambling with this stuff, no one twisted your arms to participate.
I personally don't gamble with more than 3 BTC and I would be pissed with myself if I lost it.
Don't be blinded by your greed for instant profit, then come here and lash out like a child because of your stupid, poor decisions.
You turn this place into a sewer with your fud and whining, kill the morale of the team and investor confidence, what do you want? Others to suffer with you? There are no guarantees, we are still early days, so give them a chance.

Bagholder out.


I just put the trolls on Ignore and makes the place better.  There are a bunch of them here and most can't speak English very well, which makes their posts even more annoying.

But people have a right to be disappointed in KMD performance.  The ICO site was buggy from the start, the Iguana wallet has been buggy and poorly designed, ergonomically.  And now this hack that was a result of flawed code.  I would have preferred a delayed launch until the bugs were worked out or else just don't collect the ICO funds until later.

There's nothing wrong with holding people accountable for their mistakes. But also doesn't help to berate them here and cause them to hate everyone and not do the best they can from here forward.
newbie
Activity: 53
Merit: 0
Where did you get that data/graph from?

He got it from Bittrex, click distribution on KMD trading page, you can find the distribution of top accounts on Bittrex.

gotit, thought that might be the whole coin supply, but just bittrex, thanks Smiley
sr. member
Activity: 588
Merit: 252
Today komodo volume is almost the same of Litecoin volume on bittrex

It doesn't seem like the price is really dropping, but maybe too early to call.

Are you joking, there was 0% trade volume on Bittrex also the price as dumped to 3000sat range. I don't know where you people look for information. It is a pity I missed the 150sat dump, I would have made 20X return on my investment by now
hero member
Activity: 524
Merit: 500
So that guy with 2.5 million:


is hacker that inject new coins?

Where did you get that data/graph from?

He got it from Bittrex, click distribution on KMD trading page, you can find the distribution of top accounts on Bittrex.
newbie
Activity: 53
Merit: 0
hero member
Activity: 1068
Merit: 523

it was an oversight in a special case of block validity checking. I had all the complicated pax deposit/withdraw totals matched up with pending cross chain swaps but there was a test for a special 2 vout coinbase as we use the second vout for the price feed data.

So it was testing for this special case properly, but the default path of the 2 vout coinbase (which cant be any pax tx) was set to ok, instead of error.

totally my oversight, and the case where you spend all your effort on the difficult part and dont check for the simplest exeptions to the simplest case. I will take a 1 million KMD responsibility for this and contribute that much to a cryptox make good fund. I believe the long delay from our request to stop deposits and when it was finally done was a contributing factor that made it go as big as 3.5 mil, but with 1 million KMD, that means at least one third of all the cryptox KMD can be made real.

this combined with the 25 BTC to make cryptox whole and I think we have most of the solution

I will use personal KMD for the 1 million contribution to the makegood fund.

All things considered I think you handled this situation very well James, well done!

Yesterday when I first heard of the strange 100K blocks mentioned in slack my impression was there was going to be a rollback to correct an attack involving 250k-1M coins, and this would be done while most of Europe and North America was asleep. Under those assumptions I thought invoking a rollback without at least considering other options was crazy, and likely to cause a loss in KMD confidence of a magnitude great enough to destroy KMD & SuperNET in an instant, voiding all your work since 2014, and the holdings of all the investors.

I can see now with more information about the nature of the attack that a rollback (or whatever technical name best describes the fix) was the best solution under the circumstances. You acted quickly, took responsibility for the bug, and fixed it asap,  and nobody can really ask for more than that when investing in experimental projects.

sr. member
Activity: 567
Merit: 270
I have not experied delay in distribution, neither any sort of bug in ICO site

You should read back the thread. There was a huge delay because ICO Page was not ready.
I'm sure you can paste a link

Want you help to Iguana development?
I dont, because i dont have the technical Knowledge. But if people ask for money for a project, they should know what they do, right?

I dont say it is easy to build something like that. It is certainly not. Its a really hard business.

For me (and some others here too it seems) it looks like the team is unable to cope with the situation and (what is way more disturbing) to get a realistic view on it.
And why they wouldn't know what are doing?
It looks like you aren't considering what has been established until now. Anyway, you can be quite annoyed while others are enthusiasted. This is about you. I'm sorry
legendary
Activity: 1050
Merit: 1001
Don't like the project? Just sell and fuck off, we all know the risks involved gambling with this stuff, no one twisted your arms to participate.
I personally don't gamble with more than 3 BTC and I would be pissed with myself if I lost it.
Don't be blinded by your greed for instant profit, then come here and lash out like a child because of your stupid, poor decisions.
You turn this place into a sewer with your fud and whining, kill the morale of the team and investor confidence, what do you want? Others to suffer with you? There are no guarantees, we are still early days, so give them a chance.

Bagholder out.
hero member
Activity: 1177
Merit: 500
Yeah right, its only fudding  Roll Eyes

Keep dreaming guys, iam out.
hero member
Activity: 910
Merit: 1000
I have not experied delay in distribution, neither any sort of bug in ICO site

You should read back the thread. There was a huge delay because ICO Page was not ready.

Want you help to Iguana development?
I dont, because i dont have the technical Knowledge. But if people ask for money for a project, they should know what they do, right?

I dont say it is easy to build something like that. It is certainly not. Its a really hard business.

For me (and some others here too it seems) it looks like the team is unable to cope with the situation and (what is way more disturbing) to get a realistic view on it.

The situation has already been dealt with.  So what is the issue?

The realistic view is KMD has been out for about 1.5 months,  the scope of what it is trying to accomplish is large and experimental  there are bound to be issues along the way.  The team acted quickly and professionally in dealing with this.  

The initial ICO distribution was delayed a couple weeks due to implementing the btcd swap.  At this time no one received coins,  so no party benefitted,  there were no exchanges accepting kmd so no one lost out on trading.      It just another case of idiots making a big fuss over non-issues

You are correct. Devs handled the situation very well . Group of people keep on whining they lost assets but where is the proof ?  Chances are they keep on fudding because they have no investment on KMD. They don't believe its technology which is btw awesome and never seen anything like this. The technology itself prepares KMD future exploits that BTC somehow lacks.
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