What would you rather we talk about?
Where you go from here.
-You very nearly released a market with a critical bug. The SDC Team has pushed headstrong into dev of market before really testing/peer reviewing the anon.
-Could there be more critical bugs?
-If Tecnovert is no longer in the picture then how will SDC manage without a cryptographer
-Asking why an official Team blogpost was released prematurely claiming anon unbroken when in fact was broken.
-Asking why The Team could not find the bug after 10+ hrs of internal testing without more help from the bug finder.
-How to reassure users they can trust the anon?
i.e. some attempt to learn from mistakes made. pretty basic stuff really.
I can't say anything thing else than this man is telling the truth. The dev(s) made huge mistakes. Shadow is a big disappointment for guys like me, who have invested a lot of money in shadow for more than a year. There is actually one thing, I don't really understand, why are there still so many buyers? After the news, I expected SDC to go minus 80% or so. Is this problem so easy to solve?
Putting it all together, the big mistakes, the time we have been waiting, I only can conclude this project looks very fragile.
Nah, Shadowcoin is completely fine. The issue has been vastly overblown, aimed for maximum damage towards Shadowcoin. It speaks volumes how a FUD army of newbie accounts comes in to talk shit about the project, and promote their own. (In this case Monero) If anything, I'm disappointed that parts of their community can behave so lowly.
By nature, no software is secure and claiming otherwise is naive. Bitcoin, Monero, Shadowcoin, Dash,
cannot (and do not)
claim that their security is impenetrable. Human mistakes happen and code is imperfect.
Most serious cryptocurrencies (including Shadowcoin) even have a bug bounty program for this precise reason.While I'm glad Shnoe pointed out this major security flew, he went about in the wrong way. The standard professional (and respectful) course of action is to resolve security issues in a private manner -not by making a public blog post about it. Privately exposing bugs is not about "withholding information" or "hiding incompetence" or anything of the sort. People privately expose bugs to reducing the chance of exploiting the bug, and giving the developers time to properly resolve the bug.
Now give Shadowcoin some leniency, stop spreading FUD, and move on with your life.
I don't think you realize quite how close this came to a monumental disaster. Had the market been released prior to this the damage done would have been exponentially greater and the ShadowMarket un-trustable thereafter.
The entire chain ws deanonymized which is pretty much the worst thing one could imagine happening. Should such a fate befall DASH or XMR the markets and crypto-community would likely be less forgiving than some members of this community.
More immediately SDC seemingly has no crytorapher, so how will this (and potential future) critical flaw be fixed properly?
SDC has poor distro and a few large bagholders. It is accordingly difficult to judge anything by the SDC market price imo.