+1
Topic: Why Poloniex Has Rejected SuperCoin - page 7. (Read 43236 times)
admit what ? you mean like in his announcement(s) last week ?
too shut up you babies he retracted his statement and you know it..
and you have harped on it still twisting shit around trying to make him look bad.
let me give you this analogy..
what if i walked into a bank holding a hand gun ?
point being is that would be a requirement of robbing it..
it also may be nothing at all.. simply just walking around packing a pistol for the hell of it..
but what would the average person think ? duh.. that's what.
and it's the same with this situation as he stated originally in this topic there was a handful of factors
that led him to a negative impression and i for sure 100% see why.. i looked it all over, everything busoni said before is accurate and honest.
and he was trying to do His Job and he was trying look out for Poloniex users and was trying to even look out for people here too..
The reality is what he found looked pretty fishy.. from the code to the fact it seemed to be cloned from Honor Coin.
And no matter how much bs you guys spin or bend over backwards to bury the truth and twist shit around it is what it is..
The code found was setup that way on purpose.. the coin it was cloned from did not have the hard coded value even though you guys keep lying and saying it did.
It was cloned from a really really really bad scam !
why would you clone a scam ?
the code was a requirement to scam.. was it ALL the code needed ? no.. but it WAS a requirement.
and the dev basically lied and made up a dumb excuse after this was posted in the forum trying to convince everyone it was planned too
the more you look the worse it looks.. at least to non bag holding scammers
invest in crap like this you a fool.. all these name changing random noobs etc are scammers and liars and corrupt bag holders caught investing in a scam.
they could show a pic here proving the coin dev kicks babies for btc and you sad pathetic scammy weazles will defend it..
because you guys hang around here investing in any garbage posted..
well guess what ? that is going to back fire on you occasionally.. it's not all rainbows and lambo's noob's lol
too shut up you babies he retracted his statement and you know it..
and you have harped on it still twisting shit around trying to make him look bad.
let me give you this analogy..
what if i walked into a bank holding a hand gun ?
point being is that would be a requirement of robbing it..
it also may be nothing at all.. simply just walking around packing a pistol for the hell of it..
but what would the average person think ? duh.. that's what.
and it's the same with this situation as he stated originally in this topic there was a handful of factors
that led him to a negative impression and i for sure 100% see why.. i looked it all over, everything busoni said before is accurate and honest.
and he was trying to do His Job and he was trying look out for Poloniex users and was trying to even look out for people here too..
The reality is what he found looked pretty fishy.. from the code to the fact it seemed to be cloned from Honor Coin.
And no matter how much bs you guys spin or bend over backwards to bury the truth and twist shit around it is what it is..
The code found was setup that way on purpose.. the coin it was cloned from did not have the hard coded value even though you guys keep lying and saying it did.
It was cloned from a really really really bad scam !
why would you clone a scam ?
the code was a requirement to scam.. was it ALL the code needed ? no.. but it WAS a requirement.
and the dev basically lied and made up a dumb excuse after this was posted in the forum trying to convince everyone it was planned too
the more you look the worse it looks.. at least to non bag holding scammers
invest in crap like this you a fool.. all these name changing random noobs etc are scammers and liars and corrupt bag holders caught investing in a scam.
they could show a pic here proving the coin dev kicks babies for btc and you sad pathetic scammy weazles will defend it..
because you guys hang around here investing in any garbage posted..
well guess what ? that is going to back fire on you occasionally.. it's not all rainbows and lambo's noob's lol
hahaha your the biggest joke ever, if he was doing his job, then why is he reviewing cinni and silk coin as they have something similar too super coin. why didn't he vet that code when he listed that. you sound like a joke trying to justify what he did. he say he still investigating the code no update to that, he trying to look for a reason to justify what he did. hi excuse, we now have high standards lol give me a break. the mistake busoni made was trusting his associate who read the code and busoni posting his statement without checking. that's silly, when you know your words carry alot of weight. no one had any suspicions, that the statement was false as the source was trusted. we recovering nicely now anyway, all we ask is your investigation must have been completed by now, have the balls to say their is nothing wrong with the code.
i really hope super coin is not added by poloniex.
busoni tried to be a hero but failed miserably.
admit what ? you mean like in his announcement(s) last week ?
too shut up you babies he retracted his statement and you know it..
and you have harped on it still twisting shit around trying to make him look bad.
let me give you this analogy..
what if i walked into a bank holding a hand gun ?
point being is that would be a requirement of robbing it..
it also may be nothing at all.. simply just walking around packing a pistol for the hell of it..
but what would the average person think ? duh.. that's what.
and it's the same with this situation as he stated originally in this topic there was a handful of factors
that led him to a negative impression and i for sure 100% see why.. i looked it all over, everything busoni said before is accurate and honest.
and he was trying to do His Job and he was trying look out for Poloniex users and was trying to even look out for people here too..
The reality is what he found looked pretty fishy.. from the code to the fact it seemed to be cloned from Honor Coin.
And no matter how much bs you guys spin or bend over backwards to bury the truth and twist shit around it is what it is..
The code found was setup that way on purpose.. the coin it was cloned from did not have the hard coded value even though you guys keep lying and saying it did.
It was cloned from a really really really bad scam !
why would you clone a scam ?
the code was a requirement to scam.. was it ALL the code needed ? no.. but it WAS a requirement.
and the dev basically lied and made up a dumb excuse after this was posted in the forum trying to convince everyone it was planned too
the more you look the worse it looks.. at least to non bag holding scammers
invest in crap like this you a fool.. all these name changing random noobs etc are scammers and liars and corrupt bag holders caught investing in a scam.
they could show a pic here proving the coin dev kicks babies for btc and you sad pathetic scammy weazles will defend it..
because you guys hang around here investing in any garbage posted..
well guess what ? that is going to back fire on you occasionally.. it's not all rainbows and lambo's noob's lol
too shut up you babies he retracted his statement and you know it..
and you have harped on it still twisting shit around trying to make him look bad.
let me give you this analogy..
what if i walked into a bank holding a hand gun ?
point being is that would be a requirement of robbing it..
it also may be nothing at all.. simply just walking around packing a pistol for the hell of it..
but what would the average person think ? duh.. that's what.
and it's the same with this situation as he stated originally in this topic there was a handful of factors
that led him to a negative impression and i for sure 100% see why.. i looked it all over, everything busoni said before is accurate and honest.
and he was trying to do His Job and he was trying look out for Poloniex users and was trying to even look out for people here too..
The reality is what he found looked pretty fishy.. from the code to the fact it seemed to be cloned from Honor Coin.
And no matter how much bs you guys spin or bend over backwards to bury the truth and twist shit around it is what it is..
The code found was setup that way on purpose.. the coin it was cloned from did not have the hard coded value even though you guys keep lying and saying it did.
It was cloned from a really really really bad scam !
why would you clone a scam ?
the code was a requirement to scam.. was it ALL the code needed ? no.. but it WAS a requirement.
and the dev basically lied and made up a dumb excuse after this was posted in the forum trying to convince everyone it was planned too
the more you look the worse it looks.. at least to non bag holding scammers
invest in crap like this you a fool.. all these name changing random noobs etc are scammers and liars and corrupt bag holders caught investing in a scam.
they could show a pic here proving the coin dev kicks babies for btc and you sad pathetic scammy weazles will defend it..
because you guys hang around here investing in any garbage posted..
well guess what ? that is going to back fire on you occasionally.. it's not all rainbows and lambo's noob's lol
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
Look, up in the sky…it’s a bird…it’s a plane…
Okay, let’s not get out of hand here. SuperCoin hasn’t done much to save the world and it’s clearly not bulletproof. Still, the price has firmed up nicely in the past few days after being backstabbed and submarined by ‘Busoni,’ the Boy King of Poloniex.
I don’t actually know how old ‘Busoni’ is, but after his actions regarding SuperCoin it’s not hard to imagine he’s still wet behind the ears.
For those who don’t know what went down, I’ll summarize. SuperCoin won the voting to be included on Poloniex (what an honor!) Instead of playing his role and facilitating trade for SUPER Busoni instead decided to reject their inclusion and make this antagonistic public post:
“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.”
For the first time in Altcoin History (and in the history of Poloniex) he decided to check the code and reject an inclusion AFTER his customers voted for the coin. Actually, he admitted later he didn’t check the code, but you get the idea.
Busoni ‘Busts’ SuperCoin But Doesn’t Provide Proof
The big problem with the post was he didn’t actually catch SuperCoin doing anything wrong that should have precluded them from being listed on his exchange. In general, altcoin exchanges should be HAPPY to list altcoins. After all, trading fees are how they earn their money. Wouldn’t it make more sense to do all you can to work to work with a coin Dev to make sure that trading can be handled in a smooth manner. We’ve seen plenty of examples in recent days that show this is not the case. Altcoin exchanges are happy to accept the fees, but will not expend even ONE IOTA of energy to communicate with coin teams or to protect investors from scams.
Oh, you’re probably thinking…”but that’s exactly what Busoni was doing here“. As part of his self-proclaimed effort to ‘raise the bar‘ for shitcoins he’s now reviewing the code to make sure he doesn’t get taken advantage of. Sounds great, in theory. If there actually was a transparent process of review that included appeals and arbitration maybe that would be the case.
However, with a dictatorship that’s not possible. In the current era, what ‘Busoni’ the unknown man says goes. His word is law and if you don’t like it you can always trade at one of the other 42 altcoin exchanges in existence.
In reality, that’s probably what people should consider doing after this latest debacle.
Standards Will Go Up Soon Enough, Anyway
Whether the current crowd of altcoin exchanges can push the bar higher (right now it’s below sea level) is doubtful. However, in the next few years if trading volume continues to climb it will happen anyway. A natural process of thinning the herd will occur, but even more important, a new breed of venture-capital backed exchanges will rise to take over from the current crop.
This is a traditional and normal part of any new industry. At first hobbyists supply most of the services. As the money increases, venture capitalists who are hungering for new opportunities, put big money into companies that are designed to take over. These services are generally very transparent, reliable, and much less prone to misdeeds. They’re also fully compliant with laws, which is going to be a bigger deal as regulatory agencies clamor to get their piece of the growing cryptocurrency pie.
We can forgive Busoni for his error with the code. After all, he’s just learning. He was a newbie to BitCoinTalk on August 14, 2013, when he wrote:
“Here is genuine noob question, but I haven’t been able to find the answer on my own.
In Sunny’s paper, it says that the origin prime for a given block must be divisible by the previous block’s hash.
But block hashes have letters in them. How do you get a number you can actually divide?”
He’s had quite a rise from ‘noob‘ as he called himself to Owner in less than a year. We can expect many more mistakes from him as part of his ongoing learning process (since he’s learning on the job). The key is to make sure WE don’t lose money because of them. As always, be SUPER careful of trading in new altcoins, especially if you’re basing the ‘price rise’ on the actions of a third party. As evidenced here, ANYTHING can happen with an altcoin and most of it is bad news for people who are holding!
We’ll keep our eyes peeled for more developments. The team behind SUPER has moved on and the price of the coin has rallied a bit. The damage has been done, but it won’t stop a dedicated team or community from pressing forward.
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
Look, up in the sky…it’s a bird…it’s a plane…
Okay, let’s not get out of hand here. SuperCoin hasn’t done much to save the world and it’s clearly not bulletproof. Still, the price has firmed up nicely in the past few days after being backstabbed and submarined by ‘Busoni,’ the Boy King of Poloniex.
I don’t actually know how old ‘Busoni’ is, but after his actions regarding SuperCoin it’s not hard to imagine he’s still wet behind the ears.
For those who don’t know what went down, I’ll summarize. SuperCoin won the voting to be included on Poloniex (what an honor!) Instead of playing his role and facilitating trade for SUPER Busoni instead decided to reject their inclusion and make this antagonistic public post:
“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.”
For the first time in Altcoin History (and in the history of Poloniex) he decided to check the code and reject an inclusion AFTER his customers voted for the coin. Actually, he admitted later he didn’t check the code, but you get the idea.
Busoni ‘Busts’ SuperCoin But Doesn’t Provide Proof
The big problem with the post was he didn’t actually catch SuperCoin doing anything wrong that should have precluded them from being listed on his exchange. In general, altcoin exchanges should be HAPPY to list altcoins. After all, trading fees are how they earn their money. Wouldn’t it make more sense to do all you can to work to work with a coin Dev to make sure that trading can be handled in a smooth manner. We’ve seen plenty of examples in recent days that show this is not the case. Altcoin exchanges are happy to accept the fees, but will not expend even ONE IOTA of energy to communicate with coin teams or to protect investors from scams.
Oh, you’re probably thinking…”but that’s exactly what Busoni was doing here“. As part of his self-proclaimed effort to ‘raise the bar‘ for shitcoins he’s now reviewing the code to make sure he doesn’t get taken advantage of. Sounds great, in theory. If there actually was a transparent process of review that included appeals and arbitration maybe that would be the case.
However, with a dictatorship that’s not possible. In the current era, what ‘Busoni’ the unknown man says goes. His word is law and if you don’t like it you can always trade at one of the other 42 altcoin exchanges in existence.
In reality, that’s probably what people should consider doing after this latest debacle.
Standards Will Go Up Soon Enough, Anyway
Whether the current crowd of altcoin exchanges can push the bar higher (right now it’s below sea level) is doubtful. However, in the next few years if trading volume continues to climb it will happen anyway. A natural process of thinning the herd will occur, but even more important, a new breed of venture-capital backed exchanges will rise to take over from the current crop.
This is a traditional and normal part of any new industry. At first hobbyists supply most of the services. As the money increases, venture capitalists who are hungering for new opportunities, put big money into companies that are designed to take over. These services are generally very transparent, reliable, and much less prone to misdeeds. They’re also fully compliant with laws, which is going to be a bigger deal as regulatory agencies clamor to get their piece of the growing cryptocurrency pie.
We can forgive Busoni for his error with the code. After all, he’s just learning. He was a newbie to BitCoinTalk on August 14, 2013, when he wrote:
“Here is genuine noob question, but I haven’t been able to find the answer on my own.
In Sunny’s paper, it says that the origin prime for a given block must be divisible by the previous block’s hash.
But block hashes have letters in them. How do you get a number you can actually divide?”
He’s had quite a rise from ‘noob‘ as he called himself to Owner in less than a year. We can expect many more mistakes from him as part of his ongoing learning process (since he’s learning on the job). The key is to make sure WE don’t lose money because of them. As always, be SUPER careful of trading in new altcoins, especially if you’re basing the ‘price rise’ on the actions of a third party. As evidenced here, ANYTHING can happen with an altcoin and most of it is bad news for people who are holding!
We’ll keep our eyes peeled for more developments. The team behind SUPER has moved on and the price of the coin has rallied a bit. The damage has been done, but it won’t stop a dedicated team or community from pressing forward.
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
nice post then how is that, others when they checked code, knew busoni claims were false. the fact is he read the code wrong. he was reading the code like all others that checked it, they did not find anything wrong. simple as busoni was quick to jump the gun, and had it vetted by another person so he claims. he made the mistake and should simply say hands down, and now he says his standards of gone up. better remove cinni and silk aswell as they have the same code in their coin
but it seems they do not have time to admit their mistake?
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
Look, up in the sky…it’s a bird…it’s a plane…
Okay, let’s not get out of hand here. SuperCoin hasn’t done much to save the world and it’s clearly not bulletproof. Still, the price has firmed up nicely in the past few days after being backstabbed and submarined by ‘Busoni,’ the Boy King of Poloniex.
I don’t actually know how old ‘Busoni’ is, but after his actions regarding SuperCoin it’s not hard to imagine he’s still wet behind the ears.
For those who don’t know what went down, I’ll summarize. SuperCoin won the voting to be included on Poloniex (what an honor!) Instead of playing his role and facilitating trade for SUPER Busoni instead decided to reject their inclusion and make this antagonistic public post:
“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.”
For the first time in Altcoin History (and in the history of Poloniex) he decided to check the code and reject an inclusion AFTER his customers voted for the coin. Actually, he admitted later he didn’t check the code, but you get the idea.
Busoni ‘Busts’ SuperCoin But Doesn’t Provide Proof
The big problem with the post was he didn’t actually catch SuperCoin doing anything wrong that should have precluded them from being listed on his exchange. In general, altcoin exchanges should be HAPPY to list altcoins. After all, trading fees are how they earn their money. Wouldn’t it make more sense to do all you can to work to work with a coin Dev to make sure that trading can be handled in a smooth manner. We’ve seen plenty of examples in recent days that show this is not the case. Altcoin exchanges are happy to accept the fees, but will not expend even ONE IOTA of energy to communicate with coin teams or to protect investors from scams.
Oh, you’re probably thinking…”but that’s exactly what Busoni was doing here“. As part of his self-proclaimed effort to ‘raise the bar‘ for shitcoins he’s now reviewing the code to make sure he doesn’t get taken advantage of. Sounds great, in theory. If there actually was a transparent process of review that included appeals and arbitration maybe that would be the case.
However, with a dictatorship that’s not possible. In the current era, what ‘Busoni’ the unknown man says goes. His word is law and if you don’t like it you can always trade at one of the other 42 altcoin exchanges in existence.
In reality, that’s probably what people should consider doing after this latest debacle.
Standards Will Go Up Soon Enough, Anyway
Whether the current crowd of altcoin exchanges can push the bar higher (right now it’s below sea level) is doubtful. However, in the next few years if trading volume continues to climb it will happen anyway. A natural process of thinning the herd will occur, but even more important, a new breed of venture-capital backed exchanges will rise to take over from the current crop.
This is a traditional and normal part of any new industry. At first hobbyists supply most of the services. As the money increases, venture capitalists who are hungering for new opportunities, put big money into companies that are designed to take over. These services are generally very transparent, reliable, and much less prone to misdeeds. They’re also fully compliant with laws, which is going to be a bigger deal as regulatory agencies clamor to get their piece of the growing cryptocurrency pie.
We can forgive Busoni for his error with the code. After all, he’s just learning. He was a newbie to BitCoinTalk on August 14, 2013, when he wrote:
“Here is genuine noob question, but I haven’t been able to find the answer on my own.
In Sunny’s paper, it says that the origin prime for a given block must be divisible by the previous block’s hash.
But block hashes have letters in them. How do you get a number you can actually divide?”
He’s had quite a rise from ‘noob‘ as he called himself to Owner in less than a year. We can expect many more mistakes from him as part of his ongoing learning process (since he’s learning on the job). The key is to make sure WE don’t lose money because of them. As always, be SUPER careful of trading in new altcoins, especially if you’re basing the ‘price rise’ on the actions of a third party. As evidenced here, ANYTHING can happen with an altcoin and most of it is bad news for people who are holding!
We’ll keep our eyes peeled for more developments. The team behind SUPER has moved on and the price of the coin has rallied a bit. The damage has been done, but it won’t stop a dedicated team or community from pressing forward.
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
Look, up in the sky…it’s a bird…it’s a plane…
Okay, let’s not get out of hand here. SuperCoin hasn’t done much to save the world and it’s clearly not bulletproof. Still, the price has firmed up nicely in the past few days after being backstabbed and submarined by ‘Busoni,’ the Boy King of Poloniex.
I don’t actually know how old ‘Busoni’ is, but after his actions regarding SuperCoin it’s not hard to imagine he’s still wet behind the ears.
For those who don’t know what went down, I’ll summarize. SuperCoin won the voting to be included on Poloniex (what an honor!) Instead of playing his role and facilitating trade for SUPER Busoni instead decided to reject their inclusion and make this antagonistic public post:
“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.”
For the first time in Altcoin History (and in the history of Poloniex) he decided to check the code and reject an inclusion AFTER his customers voted for the coin. Actually, he admitted later he didn’t check the code, but you get the idea.
Busoni ‘Busts’ SuperCoin But Doesn’t Provide Proof
The big problem with the post was he didn’t actually catch SuperCoin doing anything wrong that should have precluded them from being listed on his exchange. In general, altcoin exchanges should be HAPPY to list altcoins. After all, trading fees are how they earn their money. Wouldn’t it make more sense to do all you can to work to work with a coin Dev to make sure that trading can be handled in a smooth manner. We’ve seen plenty of examples in recent days that show this is not the case. Altcoin exchanges are happy to accept the fees, but will not expend even ONE IOTA of energy to communicate with coin teams or to protect investors from scams.
Oh, you’re probably thinking…”but that’s exactly what Busoni was doing here“. As part of his self-proclaimed effort to ‘raise the bar‘ for shitcoins he’s now reviewing the code to make sure he doesn’t get taken advantage of. Sounds great, in theory. If there actually was a transparent process of review that included appeals and arbitration maybe that would be the case.
However, with a dictatorship that’s not possible. In the current era, what ‘Busoni’ the unknown man says goes. His word is law and if you don’t like it you can always trade at one of the other 42 altcoin exchanges in existence.
In reality, that’s probably what people should consider doing after this latest debacle.
Standards Will Go Up Soon Enough, Anyway
Whether the current crowd of altcoin exchanges can push the bar higher (right now it’s below sea level) is doubtful. However, in the next few years if trading volume continues to climb it will happen anyway. A natural process of thinning the herd will occur, but even more important, a new breed of venture-capital backed exchanges will rise to take over from the current crop.
This is a traditional and normal part of any new industry. At first hobbyists supply most of the services. As the money increases, venture capitalists who are hungering for new opportunities, put big money into companies that are designed to take over. These services are generally very transparent, reliable, and much less prone to misdeeds. They’re also fully compliant with laws, which is going to be a bigger deal as regulatory agencies clamor to get their piece of the growing cryptocurrency pie.
We can forgive Busoni for his error with the code. After all, he’s just learning. He was a newbie to BitCoinTalk on August 14, 2013, when he wrote:
“Here is genuine noob question, but I haven’t been able to find the answer on my own.
In Sunny’s paper, it says that the origin prime for a given block must be divisible by the previous block’s hash.
But block hashes have letters in them. How do you get a number you can actually divide?”
He’s had quite a rise from ‘noob‘ as he called himself to Owner in less than a year. We can expect many more mistakes from him as part of his ongoing learning process (since he’s learning on the job). The key is to make sure WE don’t lose money because of them. As always, be SUPER careful of trading in new altcoins, especially if you’re basing the ‘price rise’ on the actions of a third party. As evidenced here, ANYTHING can happen with an altcoin and most of it is bad news for people who are holding!
We’ll keep our eyes peeled for more developments. The team behind SUPER has moved on and the price of the coin has rallied a bit. The damage has been done, but it won’t stop a dedicated team or community from pressing forward.
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
nice post then how is that, others when they checked code, knew busoni claims were false. the fact is he read the code wrong. he was reading the code like all others that checked it, they did not find anything wrong. simple as busoni was quick to jump the gun, and had it vetted by another person so he claims. he made the mistake and should simply say hands down, and now he says his standards of gone up. better remove cinni and silk aswell as they have the same code in their coin
Code:
static const int64_t MAX_MONEY = 150000000 * COIN;
static const int64_t POW_MAX_MONEY = 50000000 * COIN;
There is a huge misconception out there that MAX_MONEY sets the total coin count for a coin. This is false. MAX_MONEY sets the maximum amount of coins that can be sent in a single transaction over a network. It is customary to typically set this to the maximum coins that will be created but it is not necessary.
We have played around and tested this to verify it on the DigiByte testnet before. We made sure this was the case.
The actual reward is determined here between lines 1033 & 1082: https://github.com/supercoinproject/supercoin/blob/master/src/main.cpp
Code:
// miner's coin base reward
int64_t GetProofOfWorkReward(int nHeight, int64_t nFees, const CBlockIndex* pindex)
{
int64_t nSubsidy = 512 * COIN;
if(nHeight == 1)
nSubsidy = INITIAL_OFFERING_PERCENTAGE * POW_MAX_MONEY;
if(nHeight > LAST_POW_BLOCK)
return 0;
int nPoWHeight = GetPowHeight(pindex) + 1;
printf(">> nHeight = %d, nPoWHeight = %d\n", nHeight, nPoWHeight);
int nReduceFactor = 0;
if(nPoWHeight < SWITCHOVER_POW_BLOCK)
{
nReduceFactor = nPoWHeight / 43200;
if(nReduceFactor > 9)
nSubsidy = nMinSubsidy;
else
nSubsidy >>= nReduceFactor;
}
else
{
if(nPoWHeight < 19200)
nSubsidy = 512 * COIN;
else if(nPoWHeight < 28800)
nSubsidy = 256 * COIN;
else if(nPoWHeight < 38400)
nSubsidy = 128 * COIN;
else if(nPoWHeight < 48000)
nSubsidy = 64 * COIN;
else if(nPoWHeight < 57600)
nSubsidy = 32 * COIN;
else if(nPoWHeight < 67200)
nSubsidy = 16 * COIN;
else if(nPoWHeight < 76800)
nSubsidy = 8 * COIN;
else if(nPoWHeight < 86400)
nSubsidy = 4 * COIN;
else if(nPoWHeight < 96000)
nSubsidy = 2 * COIN;
else
nSubsidy = 1 * COIN;
}
return nSubsidy + nFees;
}
To find the exact coin coin count you would need to do the math and add everything up in there.
For a comparison this is where Bitcoins maximum coin supply is determined. Once again you have to calculate it out to prove it is 21 million.
Code:
int64_t GetBlockValue(int nHeight, int64_t nFees)
{
int64_t nSubsidy = 50 * COIN;
int halvings = nHeight / Params().SubsidyHalvingInterval();
// Force block reward to zero when right shift is undefined.
if (halvings >= 64)
return nFees;
// Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
nSubsidy >>= halvings;
return nSubsidy + nFees;
}
EDIT: We are not defending Supercoin (had never heard of them until this post) nor have we done the exact math in their code. We simply wanted to point out a common misconception to avoid future issues for everyone.
thanks for the clarification.
it's good for all Altcoin.
So busoni just disappeared...... 
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
Look, up in the sky…it’s a bird…it’s a plane…
Okay, let’s not get out of hand here. SuperCoin hasn’t done much to save the world and it’s clearly not bulletproof. Still, the price has firmed up nicely in the past few days after being backstabbed and submarined by ‘Busoni,’ the Boy King of Poloniex.
I don’t actually know how old ‘Busoni’ is, but after his actions regarding SuperCoin it’s not hard to imagine he’s still wet behind the ears.
For those who don’t know what went down, I’ll summarize. SuperCoin won the voting to be included on Poloniex (what an honor!) Instead of playing his role and facilitating trade for SUPER Busoni instead decided to reject their inclusion and make this antagonistic public post:
“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.”
For the first time in Altcoin History (and in the history of Poloniex) he decided to check the code and reject an inclusion AFTER his customers voted for the coin. Actually, he admitted later he didn’t check the code, but you get the idea.
Busoni ‘Busts’ SuperCoin But Doesn’t Provide Proof
The big problem with the post was he didn’t actually catch SuperCoin doing anything wrong that should have precluded them from being listed on his exchange. In general, altcoin exchanges should be HAPPY to list altcoins. After all, trading fees are how they earn their money. Wouldn’t it make more sense to do all you can to work to work with a coin Dev to make sure that trading can be handled in a smooth manner. We’ve seen plenty of examples in recent days that show this is not the case. Altcoin exchanges are happy to accept the fees, but will not expend even ONE IOTA of energy to communicate with coin teams or to protect investors from scams.
Oh, you’re probably thinking…”but that’s exactly what Busoni was doing here“. As part of his self-proclaimed effort to ‘raise the bar‘ for shitcoins he’s now reviewing the code to make sure he doesn’t get taken advantage of. Sounds great, in theory. If there actually was a transparent process of review that included appeals and arbitration maybe that would be the case.
However, with a dictatorship that’s not possible. In the current era, what ‘Busoni’ the unknown man says goes. His word is law and if you don’t like it you can always trade at one of the other 42 altcoin exchanges in existence.
In reality, that’s probably what people should consider doing after this latest debacle.
Standards Will Go Up Soon Enough, Anyway
Whether the current crowd of altcoin exchanges can push the bar higher (right now it’s below sea level) is doubtful. However, in the next few years if trading volume continues to climb it will happen anyway. A natural process of thinning the herd will occur, but even more important, a new breed of venture-capital backed exchanges will rise to take over from the current crop.
This is a traditional and normal part of any new industry. At first hobbyists supply most of the services. As the money increases, venture capitalists who are hungering for new opportunities, put big money into companies that are designed to take over. These services are generally very transparent, reliable, and much less prone to misdeeds. They’re also fully compliant with laws, which is going to be a bigger deal as regulatory agencies clamor to get their piece of the growing cryptocurrency pie.
We can forgive Busoni for his error with the code. After all, he’s just learning. He was a newbie to BitCoinTalk on August 14, 2013, when he wrote:
“Here is genuine noob question, but I haven’t been able to find the answer on my own.
In Sunny’s paper, it says that the origin prime for a given block must be divisible by the previous block’s hash.
But block hashes have letters in them. How do you get a number you can actually divide?”
He’s had quite a rise from ‘noob‘ as he called himself to Owner in less than a year. We can expect many more mistakes from him as part of his ongoing learning process (since he’s learning on the job). The key is to make sure WE don’t lose money because of them. As always, be SUPER careful of trading in new altcoins, especially if you’re basing the ‘price rise’ on the actions of a third party. As evidenced here, ANYTHING can happen with an altcoin and most of it is bad news for people who are holding!
We’ll keep our eyes peeled for more developments. The team behind SUPER has moved on and the price of the coin has rallied a bit. The damage has been done, but it won’t stop a dedicated team or community from pressing forward.
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
Look, up in the sky…it’s a bird…it’s a plane…
Okay, let’s not get out of hand here. SuperCoin hasn’t done much to save the world and it’s clearly not bulletproof. Still, the price has firmed up nicely in the past few days after being backstabbed and submarined by ‘Busoni,’ the Boy King of Poloniex.
I don’t actually know how old ‘Busoni’ is, but after his actions regarding SuperCoin it’s not hard to imagine he’s still wet behind the ears.
For those who don’t know what went down, I’ll summarize. SuperCoin won the voting to be included on Poloniex (what an honor!) Instead of playing his role and facilitating trade for SUPER Busoni instead decided to reject their inclusion and make this antagonistic public post:
“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.”
For the first time in Altcoin History (and in the history of Poloniex) he decided to check the code and reject an inclusion AFTER his customers voted for the coin. Actually, he admitted later he didn’t check the code, but you get the idea.
Busoni ‘Busts’ SuperCoin But Doesn’t Provide Proof
The big problem with the post was he didn’t actually catch SuperCoin doing anything wrong that should have precluded them from being listed on his exchange. In general, altcoin exchanges should be HAPPY to list altcoins. After all, trading fees are how they earn their money. Wouldn’t it make more sense to do all you can to work to work with a coin Dev to make sure that trading can be handled in a smooth manner. We’ve seen plenty of examples in recent days that show this is not the case. Altcoin exchanges are happy to accept the fees, but will not expend even ONE IOTA of energy to communicate with coin teams or to protect investors from scams.
Oh, you’re probably thinking…”but that’s exactly what Busoni was doing here“. As part of his self-proclaimed effort to ‘raise the bar‘ for shitcoins he’s now reviewing the code to make sure he doesn’t get taken advantage of. Sounds great, in theory. If there actually was a transparent process of review that included appeals and arbitration maybe that would be the case.
However, with a dictatorship that’s not possible. In the current era, what ‘Busoni’ the unknown man says goes. His word is law and if you don’t like it you can always trade at one of the other 42 altcoin exchanges in existence.
In reality, that’s probably what people should consider doing after this latest debacle.
Standards Will Go Up Soon Enough, Anyway
Whether the current crowd of altcoin exchanges can push the bar higher (right now it’s below sea level) is doubtful. However, in the next few years if trading volume continues to climb it will happen anyway. A natural process of thinning the herd will occur, but even more important, a new breed of venture-capital backed exchanges will rise to take over from the current crop.
This is a traditional and normal part of any new industry. At first hobbyists supply most of the services. As the money increases, venture capitalists who are hungering for new opportunities, put big money into companies that are designed to take over. These services are generally very transparent, reliable, and much less prone to misdeeds. They’re also fully compliant with laws, which is going to be a bigger deal as regulatory agencies clamor to get their piece of the growing cryptocurrency pie.
We can forgive Busoni for his error with the code. After all, he’s just learning. He was a newbie to BitCoinTalk on August 14, 2013, when he wrote:
“Here is genuine noob question, but I haven’t been able to find the answer on my own.
In Sunny’s paper, it says that the origin prime for a given block must be divisible by the previous block’s hash.
But block hashes have letters in them. How do you get a number you can actually divide?”
He’s had quite a rise from ‘noob‘ as he called himself to Owner in less than a year. We can expect many more mistakes from him as part of his ongoing learning process (since he’s learning on the job). The key is to make sure WE don’t lose money because of them. As always, be SUPER careful of trading in new altcoins, especially if you’re basing the ‘price rise’ on the actions of a third party. As evidenced here, ANYTHING can happen with an altcoin and most of it is bad news for people who are holding!
We’ll keep our eyes peeled for more developments. The team behind SUPER has moved on and the price of the coin has rallied a bit. The damage has been done, but it won’t stop a dedicated team or community from pressing forward.
Source: http://altcoinherald.com/supercoin-bounces-back-busonis-kryptonite-move
omg.. children, please move on.. and get over it lol 
it seems Poloniex disappeared.........
and even do not have courage to admit their mistake.
He was a coward, dare not to admit his mistakes.and even do not have courage to admit their mistake.
make a mistake in 5 minutes and even do not have time to admit his mistake???
BAD for you scam copy coin with Polo sorry to say
14 comments and 0 english.
Legit opinion.
BAD for you scam copy coin with Polo sorry to say
wow seriously you nubs still harping on this ? 
your scam coindev cloner got caught ..deal with it.
your scam coin
it seems Poloniex disappeared.........
and even do not have courage to admit their mistake.
He was a coward, dare not to admit his mistakes. and even do not have courage to admit their mistake.
it seems Poloniex disappeared.........
and even do not have courage to admit their mistake.
and even do not have courage to admit their mistake.
Public apology and add on exchange would be nice.
Still we need Poloniex official apologize on twitter and this thread.
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