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Topic: Security of altcoins. What everyone has forgotten about (Read 73 times)

member
Activity: 252
Merit: 11
Lord Shiva
This is not the point. The developer can make 100 backup copies. But what if something happens to the developer?

Understand, if you've been mining coins for two weeks, it means they have some value for you, right?

So you have to take care of their safety and security, right? 

And at the same time it does not matter what exactly these coins are - "shitcoins" or "not shitcoins".

For most people in underdeveloped countries, Bitcoin is "shitcoin", so what?
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
I discovered a strange thing, a security hole of cryptocurrency, ....
Why did not anyone guess to make a personal fork of the source code of these coins on Github?
this has been happening from day 1 that bitcoin came out as an open source project. they have been forking bitcoin source code to create altcoins then that grow bigger and bigger until today where everyone forks everything that exists and creates their own.

you can this a "security hole"?!!!! why?

Quote
If suddenly tomorrow with the account, where the source code of coins is located, something will happen? What then?
You have a million coins in your hands. But you do not have the source code for this coin-network. What will you do? Coins in fact gradually wither and depreciate without source code.
unless you are talking about a useless shitcoin that nobody even cares about, your concern is weird!
as a developer you first have the copy of the code on your own machine with some backups which you code for and develope then push to GitHub not the other way around.
of course when you create a copycat shitcoin you never store it anywhere the editing can be done on Github and who cares if that edit caused some bugs! it is a shitcoin anyways.
member
Activity: 252
Merit: 11
Lord Shiva
Hello!

I discovered a strange thing, a security hole of cryptocurrency, and I want to share it with you immediately.

I created several altcoins, and they are now being actively mined by users. They already have thousands, and even these millions of coins. But I have a question:

- Why did not anyone guess to make a personal fork of the source code of these coins on Github?

If suddenly tomorrow with the account, where the source code of coins is located, something will happen? What then?

Look this:

You have a million coins in your hands. But you do not have the source code for this coin-network. What will you do? Coins in fact gradually wither and depreciate without source code.

When you have any coins - you are the co-owner of the network of these coins. Is not it? So become a full owner of it! Save the source code for this coin for yourself.

In general, I understand this:

- If you actively mine any altcoin, then:

1. Get an account on GitHub.
2. Save a copy of the source code, of the coin you own, to your account (it is VERY simple - just click on the "Fork" button).

This will protect your coins from a possible attack on the source codes of this coin-network.

Do not thank (-:

Here are coins, to the creation of which I am involved:

https://github.com/merecoin/halfcoin
https://github.com/merecoin/ljcoin
https://github.com/merecoin/merecoin

If you have one, save it source code. Fork it. This will protect your investment in coins.
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