I wonder if Polo will give refunds to all the people that panic sold based on their faulty FUD.
Seriously.
Talk about legally sticking your neck out..
Not a wise idea.
Just say you are not listing it, don't need to explain why.
Topic: Why Poloniex Has Rejected SuperCoin - page 34. (Read 43236 times)
Seriously.
Talk about legally sticking your neck out..
Not a wise idea.
Just say you are not listing it, don't need to explain why.
I wonder if Polo will give refunds to all the people that panic sold based on their faulty FUD.
MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.
That's retarded. How the fuck are you able to run an exchange, if you can't even figure out the basics?
MAX_MONEY doesn't indicate maximum supply, it's a check value for transaction validity.
Great work Poloniex! This is why I love you guys, you're always looking out for your customers. You're one of the few exchanges that do their due diligence and take the time to review the code before listing it. We need more exchanges to look out for the community.
See this alone should be enough to encourage people to use poloniex more over the other exchanges. Kudos to busoni for the code review.
Well caught. You could have just run with it and made some money but have taken the ethical stance which takes balls:)
Great find!
Poloniex has just jumped to the top of my favorite exchange list. Dont let the lack of bells and whistles on the user interface dissuade you. Poloniex is on top of the industry.
Superdump!!! feels refreshing!
:hands clapping:
I've only traded once or twice on your exchange, but it is nice to see exchanges doing their due diligence.
I've only traded once or twice on your exchange, but it is nice to see exchanges doing their due diligence.
Good call!
Poloniex has decided not to list SuperCoin because of some disturbing things we turned up in our code review. I would like to draw your attention to this part of the ANN post:
And these parts of the source code:
MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.
We did not find evidence of an existing hidden premine, but extra coins could potentially be minted all at once at the end of the PoW phase, sent to exchanges via the "anon" feature, and dumped.
We have other concerns about the coin, particularly concerning the proposed method of anonymity, but the shenanigans with the maximum supply is sufficient for us to reject this coin.
Quote
- Total PoW coins will be 18.2 millions.
- Total coins (including PoS) will be about 50,000,000.
- Total coins (including PoS) will be about 50,000,000.
And these parts of the source code:
Code:
if (dAmount <= 0.0 || dAmount > 150000000.0)
Code:
static const int64_t MAX_MONEY = 150000000 * COIN;
static const int64_t POW_MAX_MONEY = 50000000 * COIN;
MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.
We did not find evidence of an existing hidden premine, but extra coins could potentially be minted all at once at the end of the PoW phase, sent to exchanges via the "anon" feature, and dumped.
We have other concerns about the coin, particularly concerning the proposed method of anonymity, but the shenanigans with the maximum supply is sufficient for us to reject this coin.
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