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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1155786 times)
BigCat45
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March 13, 2017, 07:33:58 PM
 #7081

The FUD being pushed out here is ridiculous.   the bug has been fixed,  and james is putting KMD from his own personal funds up to compensate the few people that may have been ripped off due to the hacker dumping onto an exchange.      The fact this the bug was handled swiftly shows the strength of Komodo,  all code is going to have bugs in it   its how you deal with the situation is what matters.

I disagree with James accommodating those who sold KMD during this ordeal, especially out of his pocket.  The Komodo team should only send Cryptox whatever BTC was withdrawn by the attacker (~25 BTC from what we know so far), so that they can reimburse solely buyers' accounts.  Only buyers who bought from the attacker, that is.  

Although very honorable & gracious of James to do such a thing, it won't be acknowledged in this nasty ungrateful sewer of a Cryptoland anyway.  Those losers (and/or their bots) probably thought they were outsmarting everyone while they were at it...   Roll Eyes


What makes me mad the most is that not even one person here thanked James for his personal contribution. No even one. Only angry posts + few long time supporters. He admitted it was his oversight and he payed for it. What else did you guys expect? Moral compensation?

Thanks to the team for acting professionally in this situation. This all ordeal only increased my respect for this project.
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March 13, 2017, 08:00:43 PM
 #7082

The FUD being pushed out here is ridiculous.   the bug has been fixed,  and james is putting KMD from his own personal funds up to compensate the few people that may have been ripped off due to the hacker dumping onto an exchange.      The fact this the bug was handled swiftly shows the strength of Komodo,  all code is going to have bugs in it   its how you deal with the situation is what matters.

I disagree with James accommodating those who sold KMD during this ordeal, especially out of his pocket.  The Komodo team should only send Cryptox whatever BTC was withdrawn by the attacker (~25 BTC from what we know so far), so that they can reimburse solely buyers' accounts.  Only buyers who bought from the attacker, that is.  

Although very honorable & gracious of James to do such a thing, it won't be acknowledged in this nasty ungrateful sewer of a Cryptoland anyway.  Those losers (and/or their bots) probably thought they were outsmarting everyone while they were at it...   Roll Eyes


What makes me mad the most is that not even one person here thanked James for his personal contribution. No even one. Only angry posts + few long time supporters. He admitted it was his oversight and he payed for it. What else did you guys expect? Moral compensation?

Thanks to the team for acting professionally in this situation. This all ordeal only increased my respect for this project.

I completely agree with this. Although this situation isn't optimal, James lowered the intensity of the negativity by providing his own personal funds, an action that wouldn't be taken by many developers.

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March 13, 2017, 08:06:55 PM
 #7083

Wondering why Nxt and Vericoin are not part of the wallet anymore.

Any important reasons why? Both coins were the main reason why I had used the Supernet Wallet before Iguana was released.


See ya  Roll Eyes

So which of KMD's features dont you like?

Jumblr, inbuilt trustless exchange, multi wallet, pangea, trade bots?






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March 13, 2017, 08:08:08 PM
 #7084

The most important is the market value of the KMD. It is important to protect this value.
It is already already well below the ICO level, so they need to protect market value by using this negativity to find new investors.
This is my anticipation as an investor.
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March 13, 2017, 08:20:35 PM
 #7085

The most important is the market value of the KMD. It is important to protect this value.
It is already already well below the ICO level, so they need to protect market value by using this negativity to find new investors.
This is my anticipation as an investor.

Please go back and look the same value drop in Bitcoin/Dash/Monero/ETH...

Stop asking for something impossible. This is crypto not your regular Fond stockmarket.

i hate to post here any more.

but plz don't ever compare this half-ass finished junk to any of established coins.

tks
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March 13, 2017, 08:33:08 PM
 #7086


Wooh! I had a very long back-read. Been disappointed with the buggy wallets but I felt very glad at how main dev will spend his own money to refund some of the victims.

And btw what are other effects on a rollback that I saw lots of people screaming? Not an IT guy but I felt devs made the right decision.   
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March 13, 2017, 08:34:46 PM
 #7087

Great handling James, congratulations, can not believe you spent from your own pocket to reimburse cryptox, shows good heart.

Keep it up, disregard the haters.
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March 13, 2017, 08:42:54 PM
 #7088

Wondering why Nxt and Vericoin are not part of the wallet anymore.

Any important reasons why? Both coins were the main reason why I had used the Supernet Wallet before Iguana was released.




NXT afaik will not be a part of iguana.  Vericoin ( and its reserve, Verium) is more than welcome to part of iguana,  the issue surrounding this is that vericoin has made enough different changes to its code that messes with compatibility,  if vericoin devs could provide a solution for this then  it could be in the coin lineup.
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March 13, 2017, 08:48:35 PM
 #7089


Wooh! I had a very long back-read. Been disappointed with the buggy wallets but I felt very glad at how main dev will spend his own money to refund some of the victims.

And btw what are other effects on a rollback that I saw lots of people screaming? Not an IT guy but I felt devs made the right decision.   

Thats about all the effects of the rollback,    the hacker unlimited coin creation chain will fork off into its own thing,   komodo chain will update   illegal coins are removed and tx  that happened will get reversed.  james is doing compensation for legitimate tx that were reversed. 

This shows the strength of a division of powers and delayed proof of work.   With delayed proof-of-work  you can look at the btc blockchain for the last legitimate block hash,   with the notary node system  solutions to problems and updates can be quickly deployed.

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March 13, 2017, 09:00:02 PM
 #7090

oh wow.. what happened to Komodo? how many coins have been generated from this exploit?
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March 13, 2017, 09:11:49 PM
Last edit: March 13, 2017, 09:23:53 PM by CryptoNick
 #7091

Very sad day for KMD. I don't know if it will ever bounce back from this.  It was already drifting steadily lower.  But time will tell.

Price is the same, not sure what coin you mistook KMD for on the trading list. It may have dropped a penny from the last I looked at it. Look at the USD notation, it is about 8-9 cents. This is about what trading started at around 10 cents. Most of the loss is in liquidity for having ICO funds tied up for so long.

I can't figure out why people care about a Fork. I know Decentralized this and that, but security is first and a Fork means nothing in the end especially when there is new development involved. It is not Forking to save 1 investor who got coins taken or a large exchange theft of some sort. It is a bug that must be addressed or all investors lose their ICO funds to it. So why would people think that all are in agreement that everyone should now just take a loss if Forking is the ultimate shame.

Only thing a Fork would have an effect on is trading for goods and services. The only services that got shorted are the Notary nodes and the supply. Had the coin been sent for goods and they shipped it would be a different story. I consider most alt coins a way to send Bitcoin faster anyways and sometimes you can make money from them after a transfer. So think about that for a while and then realize a Fork to save an Alt is actually good as most people are so dead set against Bitcoin forks. So we have the best of both worlds. Again you can lose by getting into Alts if most people just do exchanges, but this could be cheaper if people just realize they could make a decent percent by facilitating transfers. There could be walls too that allow this to transpire at very low losses. So when you consider that there are X amount of Bitcoin inside of KMD, why the hell would anyone take a loss on any of their KMD when it represents Bitcoin value, which is why there is a marketcap to see how many coins there are vs the value of the ICO and BTCD holdings.

Very simple concepts. Also, can't Cryptox find the ID of the hacker now? At least share some forensic's and nab the BTC at another exchange.
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March 13, 2017, 09:32:38 PM
 #7092

oh wow.. what happened to Komodo? how many coins have been generated from this exploit?

None anymore, blockchain was rolled back to before the exploit.
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March 13, 2017, 09:33:34 PM
 #7093

KMD worst investment i ever made, bought it at .12 cents now .0372

Wallet was a fiasco, Code was hacked. What else?


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March 13, 2017, 09:39:26 PM
 #7094

KMD worst investment i ever made, bought it at .12 cents now .0372

Wallet was a fiasco, Code was hacked. What else?



You expected an big return in the first few weeks of launch?

Bug was rectified within hours.

How much did you initially invest?
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March 13, 2017, 09:54:47 PM
 #7095



You expected an big return in the first few weeks of launch?

Bug was rectified within hours.

How much did you initially invest?
[/quote]

He probably didn't expect a big return in the first few weeks, but he was complaining about suffering a big loss in the first several weeks after launch.  That is not unreasonable.

And why does it matter how much he initially invested?   Do you want to know his favorite color too?
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March 13, 2017, 10:03:44 PM
 #7096

He probably didn't expect a big return in the first few weeks, but he was complaining about suffering a big loss in the first several weeks after launch.  That is not unreasonable.

And why does it matter how much he initially invested?   Do you want to know his favorite color too?

You have been here long enough to realise that crypto is probably one of the highest risk investments out there.

If you think good returns are guaranteed within a few weeks of launch then you need a dose of reality.

KMD is not some copy & paste shit coin utilising a standard Qt wallet so there will be bugs and issues to iron out over time and if you cant handle that you may be better off dumping and grabbing the latest "Classic" coin released.
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March 13, 2017, 10:15:09 PM
 #7097

The Fuding of some users here is quite annoying, thats right. At least as annoying as the people which run around with closed eyes and say everything is fine.

Delayed Distribution, Buggy ICO Page and Wallet and now the hack...

We should look at the facts, its a fucking chaos. And the prce is reflecting that.
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March 13, 2017, 10:17:59 PM
 #7098

I have not experied delay in distribution, neither any sort of bug in ICO site

Want you help to Iguana development?

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March 13, 2017, 10:23:35 PM
 #7099

The Fuding of some users here is quite annoying, thats right. At least as annoying as the people which run around with closed eyes and say everything is fine.

Delayed Distribution, Buggy ICO Page and Wallet and now the hack...

We should look at the facts, its a fucking chaos. And the prce is reflecting that.

Delayed distribution - About 95% of KMD has been distributed.  It is done manually for security reasons, the frequency of which is dictated by demand.  Currently processed weekly on a Friday.

Buggy ICO page - Not had any issues personally

Wallet - Bugs exist as its new, many have been fixed in 0.1.5.2e build and development is ongoing.

Hack - resolved within hours.  Heard anyone here complaining they lost any coins?

Things will settle down shortly and life will carry on.  Too many drama queens here.

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March 13, 2017, 10:29:34 PM
 #7100

Today komodo volume is almost the same of Litecoin volume on bittrex

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