COINDASH - Future of trading - Token Sale 17th July 2017

[ocminer]

You cannot get scammed with a Proof-of-Work coin.

You don't right. You CAN get scamed with PoW too. Premine, instamine and other shit like this.

Not so easy, the source is there, you can check everything before investing (mining)

Mining is not so easy, there is whales that can control the miners who can get new coins. What you can do is beg for them to vote for you.

Don't mine X11, Scrypt etc. coins.. Watch for new algo coins, mine them with CPU/GPU, follow the right people @ Twitter and you're good ..

[voskobojn]

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

TaaS invested 500 ETH? They do not invest something successfully, apparently we will not wait for dividends next month.

[vinipoars]

It's unbelievable. Scam or just incompetence? Either way, it's a shame.

[CrackDown]

let me think about this situation clearly,

1. i make announcement " hey everybody, i will launch the ico, this is the apps we would use ( going to hire some ultra beginer developer to make beta apps ) "
2. i advertise my ico launch date
3. when ico date comes, i make a new eth wallet in MEW then i put it on website.
4. i watch the eth coming to my New Eth wallet i just made
5. when i check it reach 7 million and i feel its enough for me i write in ann thread and twitter " hello my fellow supporter and investor, our website is getting hacked and hacker put his address on it "
6. i let people reacting...screaming...
7. i announce to people " hei my fellow supporter and investor, dont worry we will send you our token even if you send it to hacker address ( the fact its also my address )
8. i act like a hero who put my money on this project because of hacker.


this is just my negative though

however we did not know what is really happened, right now

[Hyakku]

All eth trading should be halted and a rollback done. it is the only fair solution. but only EthHF  not Etc

As someone caught up in this, that makes no sense. Rolling back the entire blockchain for 7M because all of us were too complacent to do full due diligence is nonsense. While the team here should have done better and I'm not blaming everyone else as the primary cause, it's not like this was a contract flaw or something. We just sent money to an address immediately out of FOMO, and as much as it sucks that's just what happens when you take a risk and don't thoroughly vet something.

Edit: This also doesn't make sense as an inside job if they refund the tokens. If that was the plan it would be smarter to let the ico close, dump their own Cdt and take all of the ETH. If youre going to steal 7m you might as well steal more, I can't imagine your moral compass stops at 7m worth of theft.

[Tidsdilatation]

Typical ETH bullshit, happens once every month haha!  

[Fulcrum29]

I'm on the whitelist so my Eth actually went to the right address will be interesting to see if White listed people get an eth refund or they force us to keep their worthless fucking CDT tokens

The CoinDash team would lose even more credibility if they refunded ETH to the Whitelist while giving out CDT to all those who got scammed.  Either ETH back to all, or CDT to all.  They can't afford the ETH, so their only real solution is to give out the CDT, create a truly magnificent product, and attempt to put the hack behind them.  Are they capable of this?  At this point, the confidence level is low.

I seriously doubt there will be any refunds issued at all. The tokens will most likely be issued to all.

The more I think about this, it has to be either inside job or scam. There is no way they could have let it go on like that with no action.

Under the circumstances those tokens have lost credibility today imho. I don't see it recuperate back any lost ETH... Maybe the token will become a dump down the line, who knows?

[Duchess]

let me think about this situation clearly,

1. i make announcement " hey everybody, i will launch the ico, this is the apps we would use ( going to hire some ultra beginer developer to make beta apps ) "
2. i advertise my ico launch date
3. when ico date comes, i make a new eth wallet in MEW then i put it on website.
4. i watch the eth coming to my New Eth wallet i just made
5. when i check it reach 7 million and i feel its enough for me i write in ann thread and twitter " hello my fellow supporter and investor, our website is getting hacked and hacker put his address on it "
6. i let people reacting...screaming...
7. i announce to people " hei my fellow supporter and investor, dont worry we will send you our token even if you send it to hacker address ( the fact its also my address )
8. i act like a hero who put my money on this project because of hacker.


this is just my negative though

however we did not know what is really happened, right now

they announced a hardcap of $12m. they have to return the excess. if the remainder is less than $12m the are in breach of contractand liable  as people invest based on a promise to develop with $12m, not $3m or $5m or $10m. They also closed the ico with objective reached. people should be able to have a case claiming their money back.

[cryptohorsee]

Just hodl guys, low market cap = insane gains

[Shank9029]

Guys the website is back but it makes me login with my gmail and i enter the beta page

[suse100]

It's unbelievable. Scam or just incompetence? Either way, it's a shame.

Yes , but now we have to wait for their reply , I guess they are discussing now .

[stefanoste]

7 million has been stolen like this ?? they should rollback ...

[Motivator]

7 million has been stolen like this ?? they should rollback ...

They're not going to roll back ETH which could potentially fuck it up even further in terms of ETH's current price.

Incompetent devs like coindash should be ashamed. They are pathetic.

[Fastpow]

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

They should be refunded instantly, since the coindash team has the whitelist address ETH total I think anyway.

They should not refund whitelisted adresses as that would be extremely unfair to all other participants. Only 'fair' way to refund some of the ether would be to re-distribute it proportionally to everyone (so including those that send to the fake address from their mainpage).

Other option is issuing worthless tokens to everyone. I guess we're screwed out of at least part of our money either way.

[coat47]

What can we do in the future for something like this will not happen again.
I really think, we all think about it.

They are certainly here some people who are qualified to investigate. Is it possible to create a team for that ?
you know a person who can tell uss if a website has a very good security or not etc
 

[andreykh]

Here are all the team members, please save these images before they get pulled down!

I was wondering if someone is registered with Bitcointalk but never found anyone. Then I'll keep these search results on LinkedIn nearby, here are these Coindash employees/ profiles: Eli, Alon, Roy, Adam, and Ram, for example.

At least some point of contact if the outcome proves bad.

[HarryKPeters]

let me think about this situation clearly,

1. i make announcement " hey everybody, i will launch the ico, this is the apps we would use ( going to hire some ultra beginer developer to make beta apps ) "
2. i advertise my ico launch date
3. when ico date comes, i make a new eth wallet in MEW then i put it on website.
4. i watch the eth coming to my New Eth wallet i just made
5. when i check it reach 7 million and i feel its enough for me i write in ann thread and twitter " hello my fellow supporter and investor, our website is getting hacked and hacker put his address on it "
6. i let people reacting...screaming...
7. i announce to people " hei my fellow supporter and investor, dont worry we will send you our token even if you send it to hacker address ( the fact its also my address )
8. i act like a hero who put my money on this project because of hacker.


this is just my negative though

however we did not know what is really happened, right now

This is scary indeed and would make sense. That would make their life a lot more easier. Because there are no obligations anymore, just some kind of volunteer job?

[stefanoste]

DEV So where is this announcement

[AlexSimion]

7 million has been stolen like this ?? they should rollback ...

I doubt they will rollback the blockhain for this  , and most likely this coin has lost all volume and it will be dumped as soon as possible ,  even if the people who sent eth to the fake address will receive the coin , the devs have no funds to proceed with this project , making this coin worthless.

[Odrec]

What can we do in the future for something like this will not happen again.
I really think, we all think about it.

They are certainly here some people who are qualified to investigate. Is it possible to create a team for that ?
you know a person who can tell uss if a website has a very good security or not etc
 

Research better the ICOs you donate to maybe? I've seen some ICOs that put up videos with the developers holding a sign with the donation addresses. A video can't be hacked so I guess it is a start.