If there is a stolen money, then this is either a developer fraud, or a bad defense against hacker attacks.
That's why I voted for making Mooncoin more secure over and over again. But Mooncoin Foundation and some others blocked that - for example my suggestion of making MOON a PoS/PoW-hybrid coin or implementing another - more complex algo or technology - making it a little harder to attack Mooncoin, instead of spending development-power on MoonWord, SmartLikes and other relatively uninteresting things. If these really were interesting for the cryptoworld, the price would be much, much higher already - because as an investor you know an important rule: buy the rumor, sell the fact. Now we have the mess by setting wrong priorities.
I repeat it once again:
If the basics of a coin don't work, then the rest is pointless.@agswinner: I have been absent for a longer time for good reason. Part of it was to see, whether what I thought and warned you of, will come true. And it came true. Mooncoin was attacked and again some of the Mooncoin-people now are trying to draw the wrong conclusions (i.e "burning" coins).
How is burning the coins the "wrong conclusion"?It censors coins again, just like it was done by trying to "lock" them.
As for the government trying to overtake: I did not mean a government like that of the U.S., but the government of the some here always trying to sell some peoples opinions as the truth and the "decision of the community".
It sounds like YOU are trying to sell the community
I'm only formulating my opinion and try to explain, how there is a better way to go forward.
Maybe you have not read the excerpt in full or did not understand it completely: the most important conclusion from that excerpt is, to not censor coins, because it undermines trust in a currency.
Yes, censoring does in fact undermine the trust in a currency.... Oh wait... Didn't the Bitcoin community vote to do just that?
Let me explain to you what censoring is.... and is not....
When a government or some hostile entity tries to manipulate and/or control an outcome. This is censoring
When a community, collectively agrees to do something for the betterment of the community. This is NOT censoring
What did bitcoin do exactly to censor coins?
First of all, there is a difference between censoring coins and censoring opinions. Then, what is the "betterment" of the community? The coin itself can not be held guilty for being used for fraudulent actions. Hence the punishment should only be directed to the one using it for these - AFTER a formal trial in the jurisdiction of that individual. If today the assumed coins of Vernon are blocked, then tomorrow your coins may be blocked, because you have another opinion than the majority of "the community", or because of "an error in the code".
As sad as it is, that these coins eventually will come to the market again and that previous owners don't want to buy their own coins again,
Explain to us WHY they should have to buy their own coins again? We want an answer!
They don't have to buy them again. Others can buy them instead.
They only need to accept, that censoring coins is a dangerous precendence-case, that will make it possible again to block coins for any reason, especially if not ALL other coin-holders have been asked by an official election that is fool- and fraud-proof. Just imagine, these were your coins instead, you are the rightful owner, but cannot prove that those coins are wrongly blocked, by the decision of possibly shady devs or a "strange" community. The problem is the possible arbitrariness.
when they are correctly handed to the authorities,
How is stealing coins from the community and giving them to a court, to auction off to someone who didn't own them, the "correct" thing to do?
In your own words... Exactly what makes the court/receiver an "authority", that is entitled to take coins away from rightful holders?
That is not the question.
The question is, what jurisdiction is relevant for Vassilis and what are the rules there, to not become a criminal when acting.
So, as said, for him living in a European country, it is highly likely that he must return obviously stolen goods to the relevant authority to not make himself part of the crime. Whether they can decide better what to do with the coins is not the question.
as good it is to show the cryptoworld, that Mooncoin has corrected the mistake it made.
Wow.... The level of arrogance/ignorance AND disrespect to EVERY member of the Moon community!
YOUR statement insinuates that the Moon community is somehow responsible for Cryptsy stealing the 62 billion coins.
That's like telling a rape victim that it is "her" fault that she got raped.
Why is this arrogant? Don't you think it is more like raping and being arrogant, if "the community" forces Vassilis to burn the coins, even if he becomes a criminal by doing this? Vassilis himself has not yet reported, what his lawyers recommend.
If the coins would not have been "locked" in the first place, this problem would not have arisen.
There were others here before, who described this as a big problem. But they were ignored.
And now everyone complains about Mooncoin "not taking off" and cries for "burning the coins" to make it go to the moon. Again a wrong path, which will make it even worse.
Considering many in the community as well as MANY people outside the community say there are too many
Moon coins, you will have to share YOUR logic on how reducing the number of Moon coins will make things worse.
I have said that before in other words. It makes Mooncoin arbitrary. And this is what scares potential serious investors more away in the future, then what will be gained now by changing the code. If they can't rely on set standards, that is always bad.
What happens, if the price does not rise significantly, after the coins are burned? Should the amount then gradually be reduced to 1 MOON by taking more and more coins out of the system by first "locking" them and then "burning" them? That is the opposite of seriousness and reliability of a currency and won't build up trust at all.
Btw: there are many others, that may not even post here, but are also part of "the community".
I think everyone here is well aware that we are not the only community members.
I hinted to this, because in the past there have been some deadlines for some "decisions" set to two weeks or so (e.g. the logo). This is against all fairness for those members, because they would not even have a chance realize, that something like this is going on. For a serious discussion something this should be propagated everywhere possible and with a wide time frame, to make it possible for non-frequent readers/investors also possible to notice.
edit:
Here the link to the mentioned excerpt again:
https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power...and the text from there:
"Prevent any transactions spending "stolen" coins, effectively destroying those coins. If the coins clearly are stolen, then there is a risk that this action will be accepted by the Bitcoin community, but this would set a very damaging precedent. If it becomes possible for coins to be blacklisted in this way, then it is a slippery slope toward blacklisting of other "suspicious" coins."
You took that above text out of context. You can't take a paragraph out of a story and claim it represents the whole story.I even have linked the page, so everyone can read, in what context the excerpt is used originally. And it says exactly the same: A government should not censor (that means: block) coins. Be it the US-president (elected officially) or a coins dev (not even elected officially).
Please, everyone. I'm by no means against maximizing wealth for every (honest) owner of Mooncoin.
But there are certain basics, that really should be mandatory, to not make Mooncoin and the underlying code only a disposable quantity to be altered if "the price is not right up to taste".