[PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion - page 15.

sonysasankan

sr. member

Activity: 280

Merit: 250

Quote from: ?? on ??

Quote from: OdinYggd on May 03, 2014, 02:19:45 PM

Quote from: ?? on ??

Altcoin herald is saying there's a fatal flaw in the new white coin code: https://bitcointalksearch.org/topic/m.6527972

Quote from: altcoinherald on May 03, 2014, 02:01:06 PM

Steer clear of WhiteCoin. Check their latest commit at Github. There's a smoking gun in their code SO SHOCKING that when word spreads, they will face the same fate as AsiaCoin. And that's not FUD bud, that's the unvarnished truth.

At it again turtle?

We're already checking over our codebase anyway to make sure we don't have any nasty surprises like what was just found on asiacoin, and in the process will also check for and correct any other issues we find.

I'd like to see a link to the altcoinherald article documenting this problem in the code.

Apparently the problem is the DNS seed for white coin is completely controlled by chunky pools, and this is confirmed. And apparently chunkypools is going to be able to completely control every white coin transaction based on the code (this part is still not completely confirmed). This is unprecedented for a crypto currency, it makes it completely centralized and we gotta put alot of trust in people we don't even know. And if chunky pools goes down, like it's known to do, than I imagine that will have ramifications for white coin regardless of PoS.

I understand the consequences if things go south, but just curious.... is there any advantages of having it centralized?

WhiteCoinJesus

member

Activity: 84

Merit: 10

Quote from: cryptowest on May 03, 2014, 02:34:17 PM

Quote from: altcoinherald on May 03, 2014, 02:01:06 PM

Quote from: ?? on ??

White Coin 2.0?

I think I'm done investing any serious money into new coins, I didn't invest in Asia Coin but was strongly considering it. Maybe $20 at a time would be ok, but this crap is happening alot lately.

Steer clear of WhiteCoin. Check their latest commit at Github. There's a smoking gun in their code SO SHOCKING that when word spreads, they will face the same fate as AsiaCoin. And that's not FUD bud, that's the unvarnished truth.

I pushed those commits after reviewing another devs work and making some edits. Theres only 8 lines of code changed in the fix, total.

https://github.com/Whitecoiner/Whitecoin/pull/9/files

The only line you could be referring to is the POS checkpointing key.

We didnt have the original private key from the developer. None of the blocks were ever checkpointed because there was no checkpointing server running.

The code was security audited by Cryptsy and they demanded we add a checkpointing server because the coin has been under attack.

I generated a new key, and gave them to one siilent majority WC holder. The foundation runs the checkpointing server.

Crosspost.

Thanks west. +1

WhiteCoinJesus

member

Activity: 84

Merit: 10

@ OdinYggd

Quote from: altcoinherald on May 02, 2014, 04:52:30 PM

The addition of the DNSSeed to the code puts Matthew Culpepper of Chunkypools.com (I guess he's from Chunkypools since WhiteCoinPool.com is a redirect their mining pool) in control of the network.

When the new wallets sync up they'll get their information from nodes supplied from dnsseed.whitecoinpool.com.

Just figured I'd mention it.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: mogonzo on May 03, 2014, 02:09:02 PM

Hey everyone,

We've hit the ground running today. Lots on the go. But before I get into anything, I just want to thank everyone for the amazing support through such a difficult time. We got through this as a team, all of us. And I firmly believe this is just the beginning of what our community can accompli8sh.

Here's a brief update:

1. We are carefully examining what happened to asiacoin, at this time, we see no direct threat to whitecoin but will release a more detailed report of our findings.

2. As we shift away from crisis mode, I have proposed a detailed plan on how the transition team can begin the process of formalizing our structure. A report will follow soon on this as well.

3. We are also preparing to begin fundraising once staking begins and major exchanges reopen their wallets. A detailed proposal on how the community can fundraise will also follow. We will be taking careful measures to ensure all funds raised are carefully protected, and spent according to an accountable and transparent structure.

Thanks again,

Chris

Thanks for the update Chris! Cool

Whitecoin is holding strong behind the scenes

The Foundation has been working hard to reboot the wallet and give it a much-needed facelift.

Late Wednesday night, we came together after an attempted hack on the blockchain to save it. Within hours, most of the coins that were in danger were saved, and MintPal showed their generosity in covering any losses. I have not seen dedication like this behind any other coin, and it shows that there are talented and honest people within the crypto community who want Whitecoin to succeed.

We have many exciting things in the works, including a strong advertising, graphic design and social media team. Our lead dev and many supporters of the coin have a background in advertising and PR. We believe a coin that can be promoted successfully will help to bring cryptocurrencies mainstream. We are seriously interested in making at coin that will last.

Whitecoin is an open, friendly community where all are welcome. Join us!

OdinYggd

member

Activity: 94

Merit: 10

Quote from: ?? on ??

Altcoin herald is saying there's a fatal flaw in the new white coin code: https://bitcointalksearch.org/topic/m.6527972

Quote from: altcoinherald on May 03, 2014, 02:01:06 PM

Steer clear of WhiteCoin. Check their latest commit at Github. There's a smoking gun in their code SO SHOCKING that when word spreads, they will face the same fate as AsiaCoin. And that's not FUD bud, that's the unvarnished truth.

At it again turtle?

We're already checking over our codebase anyway to make sure we don't have any nasty surprises like what was just found on asiacoin, and in the process will also check for and correct any other issues we find.

I'd like to see a link to the altcoinherald article documenting this problem in the code.

WhiteCoinJesus

member

Activity: 84

Merit: 10

Quote from: mogonzo on May 03, 2014, 02:09:02 PM

Hey everyone,

We've hit the ground running today. Lots on the go. But before I get into anything, I just want to thank everyone for the amazing support through such a difficult time. We got through this as a team, all of us. And I firmly believe this is just the beginning of what our community can accompli8sh.

Here's a brief update:

1. We are carefully examining what happened to asiacoin, at this time, we see no direct threat to whitecoin but will release a more detailed report of our findings.

2. As we shift away from crisis mode, I have proposed a detailed plan on how the transition team can begin the process of formalizing our structure. A report will follow soon on this as well.

3. We are also preparing to begin fundraising once staking begins and major exchanges reopen their wallets. A detailed proposal on how the community can fundraise will also follow. We will be taking careful measures to ensure all funds raised are carefully protected, and spent according to an accountable and transparent structure.

Thanks again,

Chris

Good. +1

mogonzo

full member

Activity: 182

Merit: 100

Hey everyone,

We've hit the ground running today. Lots on the go. But before I get into anything, I just want to thank everyone for the amazing support through such a difficult time. We got through this as a team, all of us. And I firmly believe this is just the beginning of what our community can accompli8sh.

Here's a brief update:

1. We are carefully examining what happened to asiacoin, at this time, we see no direct threat to whitecoin but will release a more detailed report of our findings.

2. As we shift away from crisis mode, I have proposed a detailed plan on how the transition team can begin the process of formalizing our structure. A report will follow soon on this as well.

3. We are also preparing to begin fundraising once staking begins and major exchanges reopen their wallets. A detailed proposal on how the community can fundraise will also follow. We will be taking careful measures to ensure all funds raised are carefully protected, and spent according to an accountable and transparent structure.

Thanks again,

Chris

SnjafSnjaf

sr. member

Activity: 308

Merit: 250

Quote from: ?? on ??

Quote from: hdclover on May 03, 2014, 01:25:20 AM

Quote from: ?? on ??

Let's tally up some facts.

1) White coin was made as a copy of black coin, to attract investors to make quick money.

2) This worked, there was massive investment, but then the dev was found out to be a farce and the coin's code was completely screwed up.

3) The head of PR did some of the worst PR ever and caused a massive panic sell, taking over $1 million out of the market cap.

4) It took so long to make a new wallet, that the 'dev team' announced the blockchain was secure and exchanges could reopen deposits. Within 24 hours a 51% double spend attack occurred costing Mintpal over $20,000, and costing Cryptsy an unknown amount of money. This was due to complete negligence by the 'dev team'.

5) The 'foundation' fired the original new dev team right when they were doing a beta test, and did this publicly causing mass confusion and anger. They announced the new new dev team had made a wallet, and therefore completely wasted the other dev's time. They were extremely rude to the devs even though they never paid them.

Considering all of this, and that white coin started as a cheap copy of black coin in the first place, I see no reason anyone should invest in this besides utter stupidity. It never was anything special, and now it's tainted and known to be run by incompetent leadership.

YOU AGAIN SPREADING "FUD" FROM ONE WHITECOIN THREAD TO ANOTHER ..... LOSER
!!!WARNING !!!! THIS GUY IS BANNED FROM WHITECOIN IRC & He is A TROLL

1. Litecoin Blackcoin Shitcoin all based on Bitcoin copy but not exact, no biggie
2. The coin was not screw the plan is good, the one who screwed is DEV but it's good because we are now community coin just like bitcoin was.
3. its good if they can cause massive panic sell then they can create a massive panic buy for $100 Million
4. it takes time for new dev to figure it out abt what happened and put the coin back in track, if you want instant go buy instant-noodle.
5. Because they are not supposed to release the BETA in public, BETA was meant just for testing purpose.

Based on the ridiculous coloring of your posts, and the childish content of said posts, I'm going to have to assume you're an idiot. Enjoy your shit coins.

P.S. I can still post in IRC, I will be back to troll as the price drops.

What if in some miracle price starts to go up, what will you do then?

ZarkMark

newbie

Activity: 29

Merit: 0

Dev. Can you update the latest news of WhiteCoin?

XiaoHuli

newbie

Activity: 33

Merit: 0

What is the latest news of WC now?

Hotodamoon

newbie

Activity: 31

Merit: 0

Quote from: Pantalaimon on May 03, 2014, 06:21:44 AM

Quote from: WhiteCoinJesus on May 03, 2014, 06:12:28 AM

Quote from: Pantalaimon on May 03, 2014, 06:08:13 AM

Quote from: heartastack on May 03, 2014, 06:04:39 AM

Quote from: Pantalaimon on May 03, 2014, 06:03:03 AM

Quote from: WhiteCoinJesus on May 03, 2014, 05:46:37 AM

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

Zomg, they've used my logo Shocked

Congrats

The hat and tie look cool

Thanks lol Grin

. Should I ask for commission Roll Eyes

I made the store.. Any profit made will go to buy WC and I will gladly send you all of it. . Keep in touch.

I'm honoured actually

Let's keep in touch indeed, my email is in my profile

You two are good friend now? BTT is an amazing place.

Pantalaimon

member

Activity: 60

Merit: 10

Quote from: WhiteCoinJesus on May 03, 2014, 06:12:28 AM

Quote from: Pantalaimon on May 03, 2014, 06:08:13 AM

Quote from: heartastack on May 03, 2014, 06:04:39 AM

Quote from: Pantalaimon on May 03, 2014, 06:03:03 AM

Quote from: WhiteCoinJesus on May 03, 2014, 05:46:37 AM

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

Zomg, they've used my logo Shocked

Congrats

The hat and tie look cool

Thanks lol Grin

. Should I ask for commission Roll Eyes

I made the store.. Any profit made will go to buy WC and I will gladly send you all of it. . Keep in touch.

I'm honoured actually

Let's keep in touch indeed, my email is in my profile

Daisyy

member

Activity: 70

Merit: 10

turtle please go invest/talk/fud on another coin....

+2

WhiteCoinJesus

member

Activity: 84

Merit: 10

Quote from: Pantalaimon on May 03, 2014, 06:08:13 AM

Quote from: heartastack on May 03, 2014, 06:04:39 AM

Quote from: Pantalaimon on May 03, 2014, 06:03:03 AM

Quote from: WhiteCoinJesus on May 03, 2014, 05:46:37 AM

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

Zomg, they've used my logo Shocked

Congrats

The hat and tie look cool

Thanks lol Grin

. Should I ask for commission Roll Eyes

I made the store.. Any profit made will go to buy WC and I will gladly send you all of it. . Keep in touch.

Pantalaimon

member

Activity: 60

Merit: 10

Quote from: heartastack on May 03, 2014, 06:04:39 AM

Quote from: Pantalaimon on May 03, 2014, 06:03:03 AM

Quote from: WhiteCoinJesus on May 03, 2014, 05:46:37 AM

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

Zomg, they've used my logo Shocked

Congrats

The hat and tie look cool

Thanks lol Grin

. Should I ask for commission Roll Eyes

heartastack

hero member

Activity: 714

Merit: 500

Quote from: Pantalaimon on May 03, 2014, 06:03:03 AM

Quote from: WhiteCoinJesus on May 03, 2014, 05:46:37 AM

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

Zomg, they've used my logo Shocked

Congrats

The hat and tie look cool

Pantalaimon

member

Activity: 60

Merit: 10

Quote from: WhiteCoinJesus on May 03, 2014, 05:46:37 AM

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

Zomg, they've used my logo Shocked

WhiteCoinJesus

member

Activity: 84

Merit: 10

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

WhiteCoin Merch - http://www.zazzle.com/whitecoingear

ycm82

full member

Activity: 182

Merit: 100

Quote from: ?? on ??

Quote from: heartastack on May 03, 2014, 02:18:02 AM

Cool, let's not stop here, distribution list will need to get up and running for continued confidence

+1 for confidence. Everybody should calm down, take a deep breath and start being creative.

+1

rudius

member

Activity: 84

Merit: 10

Quote from: DjstarX on May 03, 2014, 12:25:24 AM

Turtlehurricane , it sad the way you keep on posting on the same thread ... If you don't like what's happening , plz move on to the next best coin/thing . If you don't have any stake or interest in WC . Stop posting stuff that don't affect your coinz . Either your in or not , I bought in @ 744 and would do it again because of the community. Look at the volume on this coin and look at the work that people are putting in to make this work , some are doing it for free. I will be quoting this in 2 weeks .

Please dont encourage him to buy. We will see his posts for a long time.

He is just a kid without anything to do IRL. That s sad. Hopefully, he will switch interest and annoy another comunity.

Topic: [PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion - page 15. (Read 89564 times)