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1801  Alternate cryptocurrencies / Altcoin Discussion / Re: The DAO FAIL on: June 09, 2016, 04:19:50 PM
this whole ethocreampie ecosystem included the daos are useless and worthless craps, without the whales to manipulates the fake volume it's already dead long ago. whales are now moving to legitimate platform like LISK

And how exactly LISK proved to be legitimate?
1802  Alternate cryptocurrencies / Altcoin Discussion / Re: The DAO FAIL on: June 09, 2016, 03:01:04 PM
.. but stuff like this is prone to flash crash...

Of course. Technology is becoming more and more sophisticated. I'm kinda against that, because majority of the people are not "geeks". This could be a big problem for Bitcoin (and others), since it is cryptocurrencies against fiat money "thing" (i.e. people vs. banks). Making things more hard to understand will eventually interfere the adoption of the cryptocurrencies (at least in the way we see it now, because in the future, the banks can use the technology for themselves and the ordinary guy will be screwed... again). Maybe current technologies may find its use in 5-10-20 years (who knows...), but not now...  
1803  Alternate cryptocurrencies / Altcoin Discussion / The DAO FAIL on: June 09, 2016, 10:11:04 AM
This one is a $174Mn FAIL!



"One of the greater experiments of the decade finds itself in limbo as the DAO token holders weigh solutions to a number of attack vectors exposed by Emin Gün Sirer, Vlad Zamfir and others.

Attacks against the DAO

“There are so many attacks against the DAO that some of them cancel each other out,” said Sirer in a recent interview. Such as the stalker attack which may allow an attacker to steal your money when you try to withdraw DAO tokens through a split function.”

“It’s a race condition,” says Sirer, comparing it to Microsoft’s blue screen of death, “it’s just not good system design.”

“Building a solution to this is very, very easy,” says Zamfir. “Having a withdraw function would be a very elegant fix.” Other attack vectors may take months, but “unlikely to take more than a year” according to Sirer.

Moratorium to freeze the DAO’s activities

The DAO functions through token holders voting for proposals with a minimum quorum of 20%, but there is a bias towards voting yes, say researchers, as a ‘no’ vote may aid in reaching the quorum.

Out of 59 proposals the most popular is a moratorium to freeze the DAO’s activities until solutions are implemented. With only three days to go it has 7.24% of the quorum, despite receiving wide publicity. Most have voted in favour by a wide margin, but there are proposals where the ‘no’ vote has far more support, such as almost 85% voting against a proposal for curators to hire contractors to fix the DAO for 5,000 Ether. Few seem to suggest that a ‘yes’ bias does not exist with other more direct flaws such as the inability to withdraw funds after voting even if you are against the proposal.

“There are techniques from game theory for how to solve [the attack vectors], but evolving from where we are now to all of those is not a two-week patch – there is some thought to be given,” says Sirer in an Epicenter Bitcoin interview.

Key solutions and Slock.it

One method may be to upgrade the code, but that would require a 53% quorum which may not be reached. Another solution suggested by Alex van de Sande, one of the DAO curators, is creating a set of guidelines and a smart contract template for business proposals to address the attack vectors as a temporary solution until the DAO is upgraded.   

The proposals guideline suggestion is supported by Slock.it, the creator of the DAO, and therefore may find wide agreement, but ironing out the details may prove a tricky task and may take some time. Token holders are, however, growing impatient. On the DAO slack channel there are numerous complaints about what some perceive as a limbo, with Griff Green, a spokesman for Slock.it, stating that they were waiting for the curators.

The future of DAO depends on the community’s response

The uncertainty is reflected on DAO’s price which stands below parity at around 0.9 ether per 100 tokens even though some bought at 1.5 ether during the ‘creation’ period. However, a shaky start is to be expected as the DAO’s wild success in raising 12 million ether took everyone by surprise, bringing in far more scrutiny and careful analysis of its many aspects.

The current difficulties, therefore, may just be the start, but the real test lies in the community’s response. Specifically, whether they will stand up to the challenges, or turn against each other as they vie for the money."

Source: https://cointelegraph.com/news/fixing-dao-will-take-months-communitys-response-is-crucial
1804  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 08, 2016, 11:21:45 AM
Hello,

Here are two more examples from me:



Changes made:

- I cut off the "F" from the left.
- Changed colour of the "I".
- Changed "community" font and made it a bit darker.
- The frame of the community is also a bit darker.

Example with lighter red colour:



All of FAIL team members (except Moshe, but I hope he'll show up in here) are notified.

Cheers,
Spartak
1805  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 08, 2016, 08:32:56 AM
Okay, this will be long, but we will need all of you to decide. These are Isaac's examples for the new FailCommunity logo:























Bellow are my examples:











I'm sorry for the long post, but... The idea of the opposite "F" was totally Isaac's and I believe that we should definitely use it! I will now contact all of FAIL team members and will ask them to join the discussion for the first time, but we accept suggestions/opinions from everybody.

Best regards,
Spartak
1806  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 07, 2016, 04:06:17 PM
Here is what I did now. Too much FAIL, but I have decided to combine them this way! Cheesy













The difference between them is that the top 2 are with different "community" font and a bit darker gray "I". Opinions/suggestions?
1807  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 07, 2016, 01:52:04 PM
Nice logo  Wink

Yeah, but gambino did not like it. Grin I am thinking about making the "F" same as others and put the "community" bellow FAIL.
1808  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][GROW] Growcoin - Next Generation Cannabis Token | SHA256d PoW/PoS on: June 07, 2016, 01:04:09 PM
I'm starting to doubt if my "changes form" has been received by coinmarketcap... so I sent a pm to the good man Wink

Gliss is a nice guy and better PM him or write on the thread.

P.S. Barry, what happened with the premine for the early (and dedicated) miners? Smiley I've waited for like a month, without asking you again. Smiley

Cheers,
Spartak

All of my original GROW coins got swapped out for these new ones. I think the premine was to swap out old coins. Maybe the rest will get burned if not swapped out.

Yes, but there is also a 20k premine, which was meant to miners. Personally I have mined GROW with 400MH+ for like 7-10 days. Back in the days that was a serious hash power...
1809  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][GROW] Growcoin - Next Generation Cannabis Token | SHA256d PoW/PoS on: June 07, 2016, 12:03:28 PM
I'm starting to doubt if my "changes form" has been received by coinmarketcap... so I sent a pm to the good man Wink

Gliss is a nice guy and better PM him or write on the thread.

P.S. Barry, what happened with the premine for the early (and dedicated) miners? Smiley I've waited for like a month, without asking you again. Smiley

Cheers,
Spartak
1810  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 07, 2016, 10:02:32 AM
This is how (still not improved) it looks at the moment:

1811  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 07, 2016, 09:54:51 AM
It's not bad, but I don't like how you made the lights and the shadows.
If it's in svg or any vector format please upload it - i would like to try to improve it

I am working alone on it since Isaac is not around. Would you like to join FAIL's IRC channel (don't forget to write me a message (ping me) there) so we can discuss it easier? I'm not using it lately, because our intentions are to use slack instead, but now I am there (alone). Smiley

P.S. Btw the logo now it looks a bit different.

Thanks for your involvement!

Spartak
1812  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Both Poloniex and YoBit are down! on: June 07, 2016, 09:51:20 AM
I wonder if they both use the same hosting and data centre providers?

Highly unlikely.

So they both got DDoSed at the same time instead? But why? It's not like Yobit is a big centre for ether trading or anything.

Poloniex: "There is a widespread datacenter outage affecting connectivity of several servers. Coins are safe."
YoBit: "Ddos, all systems are ok now. We apologize for the long delay."

Source: Twitter

Smiley
1813  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Both Poloniex and YoBit are down! on: June 06, 2016, 10:27:04 PM
I wonder if they both use the same hosting and data centre providers?

Highly unlikely.
1814  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 06, 2016, 04:56:54 PM
Hello,

Isaac and I are working on a new FailCommunity logo (not related with FailCoin as a digital currency) since weeks, but we can't decide on which one to use. The conception is pretty much clear though. Please tell me what you think about this one?



Any opinions are appreciated! Thank you in advance!

Cheers,
Spartak
1815  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Both Poloniex and YoBit are down! on: June 06, 2016, 02:04:07 PM
...

Yeah, I saw that. YoBit still not saying anything. Cheesy
1816  Alternate cryptocurrencies / Service Discussion (Altcoins) / Both Poloniex and YoBit are down! on: June 06, 2016, 01:50:52 PM
It's not surprising that YoBit are not tweeting about their issue, but it is strange for Poloniex! Are they both under DDoS attack or we are facing Armageddon here?
1817  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 06, 2016, 01:19:33 PM
WTF?!
see how many icons he got in the taskbar Cheesy

Did you inform bittrex and poloniex about what's comming?

Yeah, quite a few. Smiley

To be honest, we did tried (though I think we still don't deserve it...) to be listed on Bittrex, but with no luck. So far we haven't contacted bigger exchanges, because of the simple reason that we are not ready yet. Personally I am busting the dev's balls every day, because we really need to start rolling, but its never easy you know. Smiley
1818  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 06, 2016, 12:40:33 PM
Our dev works even at dinner.



FAIL wallet is coming soon!
1819  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 06, 2016, 09:49:43 AM
Believe me, it will be our problem. Personally I gave probably more than 200 or 300k from the new FAIL coins to people who "forgot" to swap theirs.

Signature campaigns are something, which I don't like. Of course it is a way for some people to earn some extra coins, but I don't like the way it works (i.e. wanting from people to make frequent posts etc...). We will probably create some signatures and we will reward people (with FAIL coins!) for using them, but it is not our priority. Lets finish the darn wallet first! Grin
1820  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FailCommunity's FailCoin | New wallets and features soon | on: June 06, 2016, 09:39:29 AM
Hello,

FAIL! Smiley We currently have a pretty nasty problem. The wallet is ready, but.... it won't work with the old wallet.dat file. We are working on a solution as we speak, because we can't release it as it is now. Nevertheless I personally think that we are at the finish line.

Cheers,
Spartak

should be easy to make swap 1:1 with the new chain
I want to see this awesome wallet and I want it ASAP! Smiley

Nah, I had that thought, but people would hate us, because more coins will be lost (since a lot of people think we are dead and are not following our news). Cheesy
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