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Author Topic: [MOON] Mooncoin 🌙 51285 funded addresses. 2,162,799 txs. 5 block explorers  (Read 274213 times)
Mooncoin_Foundation
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May 21, 2018, 12:36:52 PM
 #5901

RESEARCH ON MOVE OF LOCKED COINS IN DEC, 2017-JAN,2018


1. Known addresses with coins that were blocked (their outputs) in the protection:
2cLG2RzF6rDCtNws6We8o8avXs1grqARHU
2FgWY2MjPn9AG3bhuRLH5mhCKyc17eVHRY

When coins were blocked in Dec, 2016 (according to a dev barrysty1e):

the coin locking has existed since december 2016

that didn't affect exchanges or their customers, coins were locked on their addresses, derived from cold storage and they were not spent on other exchanges etc. It didn't affect any buyers.
Only coins that were not returned to their rightful owners and were at the moment out of any exchanges and were not sold to anyone - were locked.

2. Block explorers show the first small move of  'locked' coins happened on March, 3, 2017.
Don't believe? Use any of 5 independent Mooncoin block explorers to track these addresses:
2cLG2RzF6rDCtNws6We8o8avXs1grqARHU
2FgWY2MjPn9AG3bhuRLH5mhCKyc17eVHRY

3. When Vassilis Kritharakis from Greece became a new transparent Mooncoin dev and took over the codebase in early December, 2017, later, about Christmas or New Year he started to publish his Mooncoin address (for donations) in his signature at Bitcointalk (he deleted his signature after the event with coins, however he doesn't deny the fact of receiving of 62B to his signature address, see the point 9 of this research).

Hi,

my name is Vassilis Kritharakis and I'm the official Developer of Mooncoin cryptocurrency. My email is bkrith@hotmail.com.


4. On December, 12, 2017 Vassilis published the new release of Mooncoin wallet:

Hi to all!

The new wallet is pre-released in our github repository https://github.com/mooncoincore/wallet !


5. The release of wallet (0.13) published on Dec, 12, 2017 was a copy of barrysty1e's 0.13 with some changes (part of code activating Balloonhash after the block 1,250,000 was inactivated and other small changes).
Major issues with stuck txs were fixed by Vassilis anyways only after Dec, 15, 2017:

I just fixed today the pool mining section and the transaction issues..

we passed "key" block #1180751 with 73(?!?!?!!??!) transactions! Few more tests and tomorrow i will inform all the pools to make an update!

I must thank public @mebagger, @coinflow, @GBLASS and @Laidback!
you guys spent your time with me and your resources!

Thank you for your contribution to the Mooncoin community!


6. On Dec, 14, 2017 1GMT coins again (the next time after March, 3, 2017) were moved from 'locked' addresses:
2cLG2RzF6rDCtNws6We8o8avXs1grqARHU
2FgWY2MjPn9AG3bhuRLH5mhCKyc17eVHRY

Obviously in just one day and a half it was not possible to update the wallet by all pools and exchanges. The majority of nodes still used the wallet 0.10.5 barrysty1e on Dec, 14, 2017, anyway even if they used a new 0.13 Vassilis wallet, released on Dec, 12, the code with barrysty1e's protection was just the same.

7. That meant only (with all respect to barry) that barrysty1e's protection was hacked. He did what he could, but an EXTRA LEVEL OF KNOWLEDGE AND RESOURCES, ALSO DECENTRALISED OPEN SOURCE NATURE of Mooncoin made the hack of his protection possible.
It looks like they started their own pool, compiled their own wallets with inactivated protection in it and with the majority of hash power moved coins from locked addresses, however, without knowing of private keys this operation was not possible (it's not possible to move Mooncoins from addresses without knowing of their private keys - even with the majority of hash power).
Now we understand that Barrysty1e's protection used mempool of wallet, mining pools decide to accept a transaction and to include in the block (according to the wallet rules and consensus of miners), or not, that's why to hack the protection there should be both a wallet without a protection + a pool with the majority of power which uses the wallet with no protection.
  
8. Obviously, this extra level of knowledge and especially mining resources was possible for one who had a lot of experience in starting of mining pools. He controlled a lot of hash power, and very likely even more later - with cheap Chinese mining resources.

9. On Jan, 5, 2018 62B coins were moved from 'locked' addresses to an address of Vassilis Kritharakis from Greece, a new transparent dev of Mooncoin.


My address is published by me on bitcointalk and on discord, as donation address, i think ~3 days ago.. so, if i was a thief this will be very stupid from my side!
...............
Now those 62billions are on my account!(i think the amount and i think i will fade out!)


10. Some coins from 'locked' addresses were sold on exchanges in the middle of Dec, 2017 though (according to Vassilis who contacted exchanges to block these coins in Dec, 2017).

11. And that's the main question: why some coins were sold at exchanges in the middle of Dec, 2017, when the Mooncoin price was below 1 Sat, and when the price was 5 Satoshi on Jan, 5, 2018 no coins were sold and just sent to an address of Mooncoin dev, Vassilis.


12. The answer to this question is quite unexpected, but it disclosures the whole picture about these strange events.
Let's think logically: why someone spent some coins in Dec, 2017 when the price was below 1 Sat, but at the same time sent MAJORITY (62 billion of coins) to a known address of Mooncoin dev in Jan, 2018 when he could sell many billions for 5-4-3-2-1... Satoshi (there were big buy orders at exchange order books at the beginning of January, you can verify that using price and volume history at Coinmarketcap). We all know that the price of Mooncoin was dumped AFTER the move of 62 bil MOON to Vassilis' address. By panic guys or by investors who decided to close their positions on uncertainty, not by an exchange admin and not by Vassilis (you can see that 62 B still stay on Vassilis' address: 2QovBjnVke4fgn9UXdz9osheNLxQCk3d8R).
Obviously, it would be quite easy to dump these coins at decentralised exchanges with a discount or at an exchange with no withdrawal limits.That didn't happen.

An exchange admin didn't know where to send them to return coins. When barrysty1e (James) was a dev, another user CryptoDatabase started scam accusations threads against barrysty1e (they both don't like each other, and each of them believes he is right). Probably due to this negative trust rating an exchange admin didn't trust barry (though barry provided his identity to the community - could be seen in his 0.10.5 wallet's release).

13. When Vassilis became a transparent dev in Dec, 2017 and published his Mooncoin address in his signature at Bitcointalk, an exchange admin decided to send coins to his address, hoping that Vassilis as a transparent and responsible dev will return coins to their rightful owners. The mistake of the admin was that he didn't contact the community before this step. If he did that, he would knew that the community and the rightful owners would prefer to burn these coins, and then he could send coins directly to burn addresses.

14. That explains everything, except one thing to explain: why an exchange admin sent only 62 B. The answer is simple: it was mentioned that coins of customers were kept together with coins, belonged to an exchange, not on separate balances. But it was not possible to 'lock' some billions without 'locking' the rest of coins on these addresses and it was not possible to know an exact number of coins to lock - in 2016. Only these 62 B from locked coins belonged to exchange customers - that's the answer to the question of point 11.

15. That's the result of research about these strange events. Only these 62B (that were returned to a Mooncoin dev, Vassilis Kritharakis and stay on 2QovBjnVke4fgn9UXdz9osheNLxQCk3d8R) is a subject for decisions of majority of their owners (who already decided to burn these coins and posted about that transparently at Bitcointalk). All other coins from locked addresses (including those spent on exchanges) don't belong to the Mooncoin community and shouldn't be locked in any way.

16. There is some exception though:
1) 2DMfpxPiMtpVDVyrxQAAmfBbZnDH4XCMfK
2) 2JA3Cqf9on8YuxngxdXStCFKanAGnaQU5A
These 2 addresses still contain locked coins, but these addresses are not under control of any exchange admin, these addresses contain other locked coins, not related to 62B. . It's absolutely another story from 2014.
It's quite unlikely that a hacker could generate so much hash power as a person who sent 62B, to overcome barrysty1e's protection and to unlock these coins.

====================

You can verify the results of this research by googling, studying the history of Bitcointalk ANN threads, old and new Mooncoin Githubs https://github.com/mooncoindev and https://github.com/mooncoincore,
and if you have no time for doing that, the majority of this info can be verified fast with 5 independent Mooncoin block explorers:

http://moonchain.net
http://cryptoguru.tk/Blocks/index.php?Currency=MOON
https://prohashing.com/explorer/Mooncoin
https://chainz.cryptoid.info/moon
https://bchain.info/MOON

And again: all these events happened only because people kept coins at exchange. Never keep your coins at exchanges, not only for you, events show that it could be a risk for the whole community if you keep your coins at exchanges.


Mooncoin project http://mooncoin.com 50,000+ funded addresses 2,000,000+ transactions. Exchanges: Coinexchange-NovaExchange. Low inflation with gradual reduce.
5 independent block explorers. Record onto blockchain (free and without 3rd parties) MoonWord programming language + the platform written from scratch.
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Mooncoin_Foundation
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May 21, 2018, 02:50:33 PM
 #5902

That was important for me to understand the truth about these events.
I agree, though, with people who say that we shouldn't focus on that situation.
The community transparently agreed to burn coins (should I quote hundreds of posts since January)?
There were unlucky events, but now things depend on Vassilis and on the procedure.
If we discuss these billions, people, especially newcomers don't understand what we are talking about and think something is wrong with Mooncoin itself.
The problem is: the situation depends on other people, we have nothing but wait,
if we discuss that again and again, it doesn't help, only creates an atmosphere of despair and uncertainty around Mooncoin.

Mooncoin project http://mooncoin.com 50,000+ funded addresses 2,000,000+ transactions. Exchanges: Coinexchange-NovaExchange. Low inflation with gradual reduce.
5 independent block explorers. Record onto blockchain (free and without 3rd parties) MoonWord programming language + the platform written from scratch.
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May 21, 2018, 02:56:54 PM
 #5903

That was important for me to understand the truth about these events.
I agree, though, with people who say that we shouldn't focus on that situation.
The community transparently agreed to burn coins (should I quote hundreds of posts since January)?
There were unlucky events, but now things depend on Vassilis and on the procedure.
If we discuss these billions, people, especially newcomers don't understand what we are talking about and think something is wrong with Mooncoin itself.
The problem is: the situation depends on other people, we have nothing but wait,
if we discuss that again and again, it doesn't help, only creates an atmosphere of despair and uncertainty around Mooncoin.

Good afternoon ! I agree with you. We have 2 new Teams (Mooncoin Team In Brazil, New Mooncoin Team) which work hardly about this project. Also, I am sure that we will have good news from their action soon ! 

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May 21, 2018, 03:51:28 PM
 #5904

hoping the New Team, comes up with a better name than that...

 :0

  Soon as they do, ill add that to the discord channel as a room. etc.

Im able to be a 'neutral' admin between any all groups.  and NOT lock anyone out
 (as long as they arent totally ..disruptive etc.  Basic moderator rules etc)

 Each team having its own Lead and its own moderator.


Unless the other discord channel is unlocked and open. (assuming that it exists, which i cant prove)

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May 21, 2018, 11:44:09 PM
 #5905

I agree, though, with people who say that we shouldn't focus on that situation.

And I would like to add more. I think that this conscious shift of the accents of perception to the fact that they say, Mooncoin is unstable, because 27% of all coins (62b out of 225b) are at the disposal of who is unclear.

As an example, there is such a coin as Litecoin. Its capitalization is more than $ 7.5 billion. 15% of all coins are in 10 wallets, 44.2% (!!!) of all coins are in 100 wallets! They can also sell their coins and bring down the price. It is possible that more than half of these wallets belong to one person. And this does not create any problems for anyone.

If someone does not believe, then you can see here - https://chainz.cryptoid.info/ltc/#!rich

I think that this problem with 62 billion is very far-fetched and serves only to those who want to buy more coins for cheap. You can not buy several hundreds millions or billions of coins at once, this will greatly increase the price, so they support negative news in order to buy up to buy more coins for less money over a long time distance. The price will rise, it's only a matter of time.
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