[ANN] Social Kapital - 164 Ether Bounty Program / Crowdsale starting today.

[Lutpin]

Social Kapital is offering a two part bounty program as part of events marking the release of our Ethereum smart contract source code at github. The first part of the bounty program is targeted at the crypto community in general. With so much noise and opinions about DAOs, we want people to spend a little time researching what it is, Social Kapital is offering. The second part of the bounty program is targeted at software programmers. Please take a look at our code at github and help us find possible attack vectors in the code before we deploy the code on the blockchain. So, here we go.


Who is the fairest of them all?

From bitcoin beginnings, name and provide prove of any Initial Coin Offering (ICO) that offered its participants a better value proposition than Social Kapital based on the following criteria.

• Participants control over the ICO fund
• The ability and ease of withdrawing individual contributions
• The security of the ICO fund

The first verified prove earns a bounty of 84 ETHER

Technical and business process attack vectors

Social Kapital’s business processes is software code in the form of Ethereum smart contracts. Like bitcoin, ether and other blockchain assets, smart contracts cannot be forged, deleted or modified once it is mined on the blockchain.

Using the Social Kapital source code at github, find technical and business process attack vectors that can be used to compromise Social Kapital. The attacker(s) can be internal or external actors. For an attack vector to be classified as valid, there has to be no mechanism built into the software to mitigate such an attack.

80 ETHER will be paid for the first 4(20 ETHER each) attack vectors found and documented

Get Involved

Do you have questions about anything?
Do you know about an ICO we have missed?
Have you found an attack vector we have overlooked?

Post your questions, claims, bug reports and whatever in this thread

Research Links

Social Kapital ICO page
Social Kapital Blockchain Contracts 101
Smart Contracts: the good, the bad and the lazy
DAOs: the internet is weird again, and this are the regulatory issues
How to Structure a DAO


Disclaimer: I am posting this on behalf of Sirius Knight (Co-Founder) and the Social Kapital team.

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[bittraffic]

I would have to buy ETH again to participate? 

[andrepierre]

I really do not like the idea of ICO's only investing with Eth, would have preferred to invest with btc.

[agamemnon-1]

I would have to buy ETH again to participate? 

there is no seemless way to accept bitcoin on the ethereum platform. however,
shapeshift and myetherwallet makes participation straightforward

shapeshif
https://shapeshift.io

myetherwallet
https://www.myetherwallet.com/

[MickyCOB]

I would have to buy ETH again to participate? 

there is no seemless way to accept bitcoin on the ethereum platform. however,
shapeshift and myetherwallet makes participation straightforward

shapeshif
https://shapeshift.io

myetherwallet
https://www.myetherwallet.com/

Shapeshift is perfect for this

[agamemnon-1]

This is a security statement from Social Kapital
https://medium.com/@social_kapital/smart-contracts-security-statement-78fdd59b20d8

[agamemnon-1]

Social Kapital has launched... here is the launch announcement
https://medium.com/@social_kapital/social-kapital-is-live-join-us-at-venture-one-b2146a994c6e

[CryptoMaik]

I really do not like the idea of ICO's only investing with Eth, would have preferred to invest with btc.

Btc and altcoins.

[sxafir]

There is some escrow?

[agamemnon-1]

I really do not like the idea of ICO's only investing with Eth, would have preferred to invest with btc.

Btc and altcoins.

use shapeshift to convert to ether...

the ico page provides the way to do this
https://www.socialkapital.co/buyshares/

[agamemnon-1]

There is some escrow?

this is way more advanced than escrow. The funds are in a contract controlled by shareholders.
furthermore, you can withdraw you funds at any time by calling a function in the blockchain
contract... we have various blog post that provides tons of information

https://medium.com/@social_kapital/social-kapital-blockchain-contracts-101-34ee9ae2146f

https://medium.com/@social_kapital/the-social-kapital-investment-process-8f14c8b1d083

https://medium.com/@social_kapital/social-kapital-gridlock-fd51dcd5ca6e