Ok here is the unofficial plan....we need input.  

The problem:

On April 7th 2014, Coin2 was 51% attacked and a double spend was successful.  This means that someone sent coins to another wallet from their own wallet.  They then mined their own blockchain that did not include those transactions.  In this case, the recipients of this attack were Bittrexx(about 200,000 C2), Bter.com(unknown amount right now), Nxt-e(unknown amt) and Poloniex(unknown amount).  In return, people who bought Coin2 with BTC may or may not receive real coins.  This was probably the issue we have been having with Bter in the last few days.  They had coins sent to them, then those same coins "disappeared"  I was unaware of this until Bittrex and Poloniex contact my team and told them what was going on.  We immediately had everyone freeze transactions.  The problem is that if you bought C2 with BTC you might end up buying the "fake" coins.  That is a problem and I will not let this happen.

The fix:

1. We could roll back the blockchain to before it happened(like Worldcoin did), and make a new blockchain from that point on.  However, any transactions after that time will not exist.  So if someone bought Coin2 after the attack, they would no longer have their Coin2 or the BTC they used to pay for it.  This is not an option and is unfair.  It also leaves us open to a 51% attack in the future.

2. We start a new Coin2 with a Proof of Stake(POS) proofing system and exchange "old Coin2" with "new Coin2"  <---THIS IS THE METHOD WE ARE USING

How this will work:

Bittrex was the first exchange to help in this situation and they have a knowledgeable staff and are quick to respond.  SO we are going to use them for this transition.

1.  I am going to ask all exchanges to return Coin2 to their owners.  If it "gets stuck"  we will manually note it.

2. We will issue the new wallets for "new Coin2"

3.  I am going to set a specific date in the future. (A secret for now to prevent attack)

4. All C2 users will have to send in their C2 to Bittrexx in those two days.  Once all 50 million "old Coin2" are collected, this blockchain and all related files will be destroyed.

5. Bittrexx will keep a record of the amount of "old C2" in each wallet.  They will start "new Coin2" wallet and will replace balances.  

6.  All users will now have Coin2 POS without any fear of "fake" coins or transactions.  The blockchain will then be secure and correct.

What we learned:

1. POW coins do not work without a block reward.  People will not spend hashes on a coin with no reward, its human nature.

2. Community is more important to any coin than the coin itself.  I am overwhelmed with how amazing everyone has been through this.  The first day of the attack, I almost had a heart attack.  However, now I think this was a blessing in disguise.  We stuck together as a tight knit group and I couldn't be happier.
  
3. There are cheats in everything.  The key is to fix the problem in a professional and fair way.  

In conclusion, this is only the unofficial plan.  I need feedback.  Please ask away, I will do my best to answer as quickly as possible.  Thank you and I apologize for any inconvenience and thank the community for keeping the faith.

Well it would be great to hear some news but perhaps devs  are busy ... :-) I just hope that everything is going to be ok.

+1

Implementing a multipool wouldn't require changing any of the fundamentals of the coin. The coin could stay at the 50mil max supply AND provide incentive for miners to secure the network.

I don't have much hash power to contribute, but I'd be happy to point my miner at it if it meant securing the coin and increasing the value of my holdings.

Calm down guys. The price went down and back up before. All coins do it. They are working their asses off creating a FPS game. Also have jobs too. If you see a mistake then just PM the dev and he will change it when he has time. Once the game is released this will only keep increasing in value. Yes there will be hiccups on the way but that happens in everything in life.

If you got your coins free then there can be no complaints. If you bought them and you're annoyed at the price then it was your decision to buy. This is an investment not a pump and dump down to 1 Sat coin like most turn out to be.

It's just a blip and we will recover. We have a strong community. Don't listen to the derampers who want the price down. Bitcoin had it too in the early days.

I am glad I am entertaining some people though

Hold the line guys. You will be glad you did.

If you want to sell then do so. The coins will go to an investor and all is good. It will build a solid support from which we can rise from as new investors enter.

yes we will implement some security measures soon....

You are absolutely correct. However, for a crap coin with serious technical flaws, it should die. All altcoins are essentially experiments. There are WAY too many junk coins right there. All coins are open to attack; only the strongest coins will survive. The community will learn precious lessons from those failed coins. To some extent, the attacker actually helps us to build a healthier cryptocoin community.

Theoretically, for this specific coin, 51% attack is indeed possible. HOWEVER, I don't believe someone can earn 25BTC by attacking this coin; the market depth is so shallow. Perhaps he just wants to make everyone panic selling and buy some cheap coins  

For the time being, I would suggest that C2 implements mandatory transaction fees to give miners some incentive.

Everytime I see the word Coin2 all I can think about is the Coin2x doubler ponzi scam.   

No.


Wow, this sounds like real threat. I'll be waiting with cup of tea.


Really? They must be blind or something. You don't need to believe me, believe joel511.

IF you roll back . I will lost my c2 I withdrawals from bter. this is crazy,that is so many real c2.

No way! I'm a piece of shit and will never deny this. Srsly.


You saying this like you can just go somewhere and ask my address. LOL. C'mon, get some CS background before trying to scare me.
So, what you will do when you finally find out IP of some open hot-spot in the little Russian town?


Isn't this obvious? Isolate two nodes from the rest of the network. Send C2 to bter.com from the third node. Wait for confirm. Start mining with those two nodes. When your have more blocks than other network (this is simple, when network has 1 Mhash/s), let your nodes to connect back. Transaction to bter becomes orphan, you C2 is back.

42coin, not interested in this discussion, sorry.

So, joel511, instead of saying "I am wasted as crypto developer, because I don't give a fuck about basic principles and decided to leave blockchain unsecured after being warned ten times" you decided to blame me? I'm ok with this.

Don't be afraid, Bitcoin will outlive all of us, it has nothing to do with hundreds of deadborn shitcoins.

Good place to start: http://torstatus.blutmagie.de/index.php
Right now my IP address is 5.39.84.59.




And, yes...

25 BTC

Ok so I am at work but I took a break to type this real quick, so bear with me...here is the problem....it appears a double spend was successful.....As far as I can tell Bittrex and Poloniex had safeguards in place like any good exchange should.  However, I dont know if Bter and Nxt-e had the same security protocols.  I am awaiting a response.  However, on a side not....

I started this coin to give people without mining hardware a chance to get involved.  I didnt think it would take off as fast as it did.  I thought I would still be passing out the initial 1000 wallets right now.  However, as most of you know, we grew very rapidly.  Im going to be honest, I was not prepared for this.  However, I figured that since I gave 1000 people a chance to get in on something for free, they would put in a little bit of effort.  However, only about a handful of people (probably the only people reading this) stuck with me throughout this period.  The other 900+ people would only mine for about ten minutes and then leave the rest of us with a high difficulty.  The other 900+ people would ask if I was "going to do this or do that".  I asked for an android wallet.  Paid two people for one, never got it.  I asked for people to solo mine with their cpu when hashrate got high.  If I was lucky, five people would jump on.  I asked multiple developers from "not so popular" coins to help me upgrade to Proof-of-Stake, and even paid some Coin2 to one, and got no response.  KingArbinV, Nelson, Kalisto, Pandher, 42coinfever, and venmo, have been the only people on the forum, and probably the only ones reading this. They have been spending valuable personal time on developing a game that could take the world by storm and could have made everyone a rich person.  But here we are today.  One person hacked the network, and stole coins.  Well sir, I hope you know that what you have just done will prove to the crypto world that not only have you hacked coin2 but you have discreted Crypto Currency in general.  Because of you, BTC will surely see the same fate.  And now we all know first hand.  The price of electricity will rise and the BTC block reward will halve.  Equipment to mine will become more expensive while the reward will go down.  I am not mad that you decided to cheat my coin.  I am mad that you probably carried out this task for financial gain, because you do not have enough fiat, wether it is USD, Euro, whatever fiat you use.  You tried to hack a system for personal financial gain.  However, had your scrawny, fucked up head not been in your ass, you would see how powerful crypto is.  You would see that it is more powerful than any one of us or any one of the different altcoins, more powerful than Bitcoin.  It has the power to put "money" back into the peoples hands.  And when the money is controlled by the people, the rest of the worlds issues will also be controlled by the people.  With crypto, the world has a chance to be a better place.  And for some reason, you decided to try and destroy that.  Dont get scared, I had hardly any Coin2 left, I gave it all away.  But thats just me, I didnt care about financial gain.  I wanted to end wars, solve hunger, find an alternative energy, explore space, clean our oceans.  If I were you I would be worried about the people who you stole BTC or Coin2 from.  I am going to find your IP address(I learned some computer forensics work) and broadcast it all around the web.  Then the wolves you just stole from can deal with you.  For me, I am going to try and rebuild my creation.  Ideas are bulletproof, and you cant double spend them ASSHOLE.

But here is where we are at if you care....


The Plan:
I am going to roll back the coin to before the double spend and switch to Proof of Stake.  We will , hopefully, work with the exchanges to sort this all out.

What I Need:
I need a developer(s) to help me with switching over to Proof of Stake...I am not paying until I see a working wallet.  I understand what it is and how it works but I dont know how to seamlessly switch from one to the other. 

For the Community: 
I apologize for this, I underestimated the sadness some people carry around with them.  THEY WILL BE TAUGHT A LESSON.  We will bring this coin back.  I understand if you lose faith.  But, give us some time to sort this out, and hopefully we can carry on down the same road, and this was just a speedbump.  Thank you.

Ok We have listened to the community and want to push this foward.

*Converting the blockchain from Proof-of-Work to Proof-of-Stake.

*There will be a 1 BTC bounty given to anyone who successfully converts the blockchain.

*We need to get this done as quickly as possible.

*Do not come at us expecting to be paid before the work is done.

*At Joel511's request all trades/selling of the coin needs to be put on hold.

*We are taking applications for this as of now. Please send your applications to
  me, and I will consider giving you the task. I would like to know previous experience,
  how you plan to achieve this goal, and a time frame of how long it will take.
 
Serious Applicants Only.

Do not buy or sell Coin2 right now.......it appears that Coin2 had a double spend attempt and we are working on finding out if it was successful and how to fix it if so. 

So it isn't just me then if 150000 c2 has gone missing. 50000 c2 of that is mine and i bet the other 100000 c2 is a real deposit too.

With the new Yuan market on BTC-E it's time for CNC to return to BTC-E.

Been watching the HUC order books for a long time, and someone is soaking up a LOT of HUC.

This has been going on for a while.