The company, which completed a successful initial coin offering (ICO) of its /DAC tokens late last year, raising USD 258 million, reportedly suffered a hack of its mining pool last month, forcing it to temporarily halt withdrawals. Hdac said, in a statement, that it has no liability because the mining pool is decentralized.
^^ this PR stinks.. trying to make decentralization of a crypto to look like a bad thing...
fact remains, the coin is open to security flaws.
Hey rgsnedds
I think there's a confusion.
I guess he is referring to the rumors which were spread a few weeks ago regarding the
private pool of Hdac.
In that case, Hdac announced, there's nothing to do with them.
① Private Mining Pool
It seems that some of the TGE participants were hacked by a private mining pool that impersonated Hdac. Please note that our mining pool is a decentralized network, so Hdac Technology has no legal liability.
https://www.hdactech.com/en/News/news.do?mode=view&articleNo=629you maybe haven't been involved in crypto very long to understand the actual problem with the coin at the very base of it.
The only 'private mining pool' would be a pool run by the developers or their marketing team, anything else would be a 'public mining pool' and utilised for the good of decentralisation.
basically, the marketing and development of this coin is all 'arse-about-tit' if they had wanted it to be centralised, they should have kept it closed-source, but no, the whining about 'private pools' and 'unofficial' miners is a total smoke-screen.
yes, HDAC have fuck-all to do with public mining of the coin, we get that, but that is far from the explanations that the community are asking for.
Basically, it's advertised as a IoT, when the base of the wallet and the blockchain are not IoT, they are (and I will admit - very good code) but based on bitcoin core and not really anything very new or technologically advanced.
Here's my take on it:
HDAC need a blockchain to power their products and the coin is just a by-product.
IMHO The public mining of it should be supported, not shunned by the marketing team and the developers should embrace this community and encourage the growth of their blockchain in a decentralised manner.
regardless, the 'this is not an official stance' has become boring and tedious and as far as mining is concerned, i've moved on to other projects because of this.
good luck keeping that blockchain powered when all the public miners decide that they too are fed up of the bs.
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