Topic: Technical analysis of the EliteCoin heist - page 2. (Read 2829 times)

Keep it.. Maybe someday there will "Scam Busters" which are collecting coins from good scams ^^

In other words my wallet in bittrex now have value like to shit if sell now,   but  what about in next years??? I mean I buy expensive shit  it drop
nearly to 1 sat, but tomorrow?

well guys I am'not coder but it were words of dev:
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Also, about the POW phase, 2 weeks is not a long time. If everybody got used to coins with pow phases of 24~72 hours, it's not our problem. And those kind of coins die in 2 days.

It's been only 3 days, and anything could happen. But we're still here answering all questions, and we're active.
About the dump, NO ONE can control that! People will eventually dump a lot of coins for cheap. Now that the price is stable again, the only way to rise it is holding the coins or buying a big volume at a higher price.

We'll be also buying our own coins, since we started mining like everybody else, yesterday.
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dev begin to mining 24th and dump was 25th, at this point he sell a lot in dump , but he could to buy all again just now, elite could be very valuable in time
because devs dont delete posts, they only lock this, this a signal that coins will continue in a time give to be development by others or even same devs,so
nobody lost nothing only if holder sell,I think that for this reason devs are vanished in launching...........    they are very very smart guys......., anyway they
have control due to they buy again very very cheap......I understand game now..........

Did the coin actually have an explorer ? Wow it was actually SO good organized ? Woooow :-)

I did not notice that..

But the OP of a explorer can fake everything.. I can enter any value you want in my explorer there, I've got access to database behind it..

You'll have to trust a explorer from legit source i.e. only on a domain you know.. I think ssdpool provides explorers too.. I'll add a extra domain for that probably too

Noob question how is it possible the explorer from the dev was showing another amount?

I am usually checking moneysupply before adding if the dev says "NO PREMINE", but I think I'll add a Coinexplorer @ Suprnova to every coin I add a few minutes or hours after launch now too .. there seems to be no decent other way around such things...

dont do it! there is a strong possibility that the coin is being launched by a group of criminals who keeps doing the same crime.

np. I was looking at it last night and couldn't figure out initially, it is so easy to misread that "ly" variable. I am not sure that the dev would be caught if he named that variable differently, I doubt that anyone was checking moneysupply function and its output before the dump happened. 

Pretty interesting post, something to look out for when speculating on new altcoins.

No, I had no problem importing the Blockchain into a "normal" Abe explorer..

As told already, they made the mistake to not check the coin via explorer, hopefully they won't do it again, but i would not accuse them of scam all the time, there are also a ton of legit coins traded @ bittrex... so calm down... I've also lost some satoshis here as I was mining too.

Back to Topic:


Its VERY important to find the "bad" parts of the code so I can add them to my regular expressions when searching for bad code to stop adding such coins to (my) pools... 

They can develop a universal explorer for all coins which support standart bitcoin rpc-methods.
I have simple one, but it's very raw and running from IDE. 250 lines of code, 2-3 hours.
Any developer is not difficult to create it.

If anybody have first version of the wallet i can check it. Maybe the developer applied for something non standard to hide premine.

nice job ocminer!

Not going to happen. Unless....

this same type of obfuscation wasn't being done only on elitecoin, let's help find where the code was concealing the coins and then figure out which other shitcoins are shitcoins

quit supporting new shitcoins and the problem is solved.

Market is still open on bittrex and price is going up, and people are still happy trading it.

Makes no sense whatsoever.  

Happens all the time, I told bittrex to check the source code before adding new coins and there reply including there henchmen was. ' it's not our job to check'

The also mentioned that the time involved would mean less coins listed.

At least this is a good scam. Developer thought it thoroughly to avoid early detection. Not many scam put much effort into scamming. The laziest scam is IPO ICO. Don't even need to launch coin. People fall for it and this will not be the last coin. I hope we can see some real innovation in scamming. I always love a good scam.