Bakscher
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October 07, 2017, 02:01:20 PM |
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Will there be a bounty company for this ICO? 200,000 is certainly a serious statement
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leea-1334
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October 07, 2017, 02:44:21 PM |
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So the second round of the hackathon starts, and seems to rather conveniently forget to clarify some of the terms that were brought into controversy from the first round. Also, from the smart contract improvements I cannot see exactly what happens if a hacker is able to breach the system, except that all of it can be withdrawn again by developers.
What is the point then? If you want to limit the "prize", why not hold a 1 ETH hackathon event instead?
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Rumipl (OP)
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October 07, 2017, 02:59:02 PM Last edit: October 07, 2017, 03:18:41 PM by Rumipl |
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So the second round of the hackathon starts, and seems to rather conveniently forget to clarify some of the terms that were brought into controversy from the first round. Also, from the smart contract improvements I cannot see exactly what happens if a hacker is able to breach the system, except that all of it can be withdrawn again by developers.
What is the point then? If you want to limit the "prize", why not hold a 1 ETH hackathon event instead?
The second round rules are just like the first one: break the smart contract and withdraw the funds. If we see that the contract was broken we will try to protect the remaining funds. This is obvious. We also described now how the funds were deposited on the contract and how and when they can be withdrawn. We must have a possibility to withdraw this funds. Imagine the situation when the ICO fails and what than ? the funds will remain in the contract forever ? During the first hackathon the problem in the contract was found and the contract is now improved. Please remember that the hackathon is held to guarantee the security of the investors funds - that's our first priority. Only the development team lost the funds because of the issue within the smart contract. This shows that we are very serious about the contract security and investors protection. We risk our own money in order to protect the investors. Isn't that the most convincing thing you can do to prove that your product is safe ?
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chopter
Member
Offline
Activity: 111
Merit: 10
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October 07, 2017, 03:49:57 PM |
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Good luck on the second hackathon! Great project!
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Rumipl (OP)
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October 07, 2017, 05:22:50 PM |
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Good luck on the second hackathon! Great project!
Thank you for your support !!
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jznsamuel
Member
Offline
Activity: 121
Merit: 10
“Get Paid to Play your Media on Current"
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October 07, 2017, 09:15:48 PM |
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Why is there no info on the team.
And when there is a typo on a very important page on your website, it raises doubts...
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dave111223
Legendary
Offline
Activity: 1190
Merit: 1001
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October 07, 2017, 09:19:03 PM |
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So the second round of the hackathon starts, and seems to rather conveniently forget to clarify some of the terms that were brought into controversy from the first round. Also, from the smart contract improvements I cannot see exactly what happens if a hacker is able to breach the system, except that all of it can be withdrawn again by developers.
What is the point then? If you want to limit the "prize", why not hold a 1 ETH hackathon event instead?
The second round rules are just like the first one: break the smart contract and withdraw the funds. If we see that the contract was broken we will try to protect the remaining funds. This is obvious. We also described now how the funds were deposited on the contract and how and when they can be withdrawn. We must have a possibility to withdraw this funds. Imagine the situation when the ICO fails and what than ? the funds will remain in the contract forever ? During the first hackathon the problem in the contract was found and the contract is now improved. Please remember that the hackathon is held to guarantee the security of the investors funds - that's our first priority. Only the development team lost the funds because of the issue within the smart contract. This shows that we are very serious about the contract security and investors protection. We risk our own money in order to protect the investors. Isn't that the most convincing thing you can do to prove that your product is safe ? So you admit that you can take off the funds when you want so it's a matter of trusting you or not, you the anonymous person...
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Rumipl (OP)
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October 07, 2017, 10:14:52 PM |
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So the second round of the hackathon starts, and seems to rather conveniently forget to clarify some of the terms that were brought into controversy from the first round. Also, from the smart contract improvements I cannot see exactly what happens if a hacker is able to breach the system, except that all of it can be withdrawn again by developers.
What is the point then? If you want to limit the "prize", why not hold a 1 ETH hackathon event instead?
The second round rules are just like the first one: break the smart contract and withdraw the funds. If we see that the contract was broken we will try to protect the remaining funds. This is obvious. We also described now how the funds were deposited on the contract and how and when they can be withdrawn. We must have a possibility to withdraw this funds. Imagine the situation when the ICO fails and what than ? the funds will remain in the contract forever ? During the first hackathon the problem in the contract was found and the contract is now improved. Please remember that the hackathon is held to guarantee the security of the investors funds - that's our first priority. Only the development team lost the funds because of the issue within the smart contract. This shows that we are very serious about the contract security and investors protection. We risk our own money in order to protect the investors. Isn't that the most convincing thing you can do to prove that your product is safe ? So you admit that you can take off the funds when you want so it's a matter of trusting you or not, you the anonymous person... The Hackathon prize was deposited in the smart contract using the hotStore function by 6 different ETH addresses. The hotStore function allows any address to store funds anytime in the smart contract and then withdraw the prior stored amount using the won function. However the Jackpot management rules apply to these withdraws. One address cannot withdraw more than 50 % of the contract value and withdraws can be made every (4*60*24*30) blocks 1500 ETH Hackathon prize will be withdrawn in 2 cases: 1. If there’s another bug found in the contract and Hacker will not withdraw all the funds, the remaining funds will be withdrawn by the same addresses that deposited the funds using the won function. 2. If the funds will remain intact before the ICO the same addresses that deposited the funds will be able to withdraw exactly the same amounts as deposited (Hackathon prizes) in the later phase.
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weav
Sr. Member
Offline
Activity: 350
Merit: 250
- "Bitcore (BTX) - Airdrops every Monday"
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October 08, 2017, 03:27:54 AM |
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At least it happened now , good luck on the second hackathon.
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puremage111
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October 08, 2017, 08:39:01 AM |
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Despite people in reddit has claim that smartbillion is sketchy
But imo, with the second hackhaton released Guess it is a great event to prove both security and realibility
still, invest with caution
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Rumipl (OP)
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October 08, 2017, 10:12:53 AM |
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Despite people in reddit has claim that smartbillion is sketchy
But imo, with the second hackhaton released Guess it is a great event to prove both security and realibility
still, invest with caution
Hi we are open to discuss the smart contract and the lottery itself. If you have any questions please feel free to ask !
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ethwarehouse
Newbie
Offline
Activity: 10
Merit: 0
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October 08, 2017, 11:24:56 AM |
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Great idea and no reasons not to trust that devs trying their best to make great stuff... but if someone smart finds another bug I guess he’ll be smart enough not to show it now but wait until we collect nice fat jackpot. ((
Another concern is that smart contract code which is a product itself is publicly available. Anyone can deploy it today to start a copy of this. Literally copy it and deploy - voila! Great threat to global leadership. ((
But the idea is great!
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Rumipl (OP)
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October 08, 2017, 01:20:25 PM |
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Great idea and no reasons not to trust that devs trying their best to make great stuff... but if someone smart finds another bug I guess he’ll be smart enough not to show it now but wait until we collect nice fat jackpot. ((
Another concern is that smart contract code which is a product itself is publicly available. Anyone can deploy it today to start a copy of this. Literally copy it and deploy - voila! Great threat to global leadership. ((
But the idea is great!
Hi, when another bug will be found the Hacker will try to withdraw the funds otherwise someone can get the funds faster. When it comes to the availability of the smart contract. Of course it can be copied. But it has to better to attract more user and investors than the SmartBillions lottery.
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expert4knowledge
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October 08, 2017, 01:22:24 PM |
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I wish i could trust this project but after what happened it's hard to trust It unfortunately. Too much doubts, who are the dev, they are hiding so no way to trace back to them if there is any issue, that does not inspire confidence
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Rumipl (OP)
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October 08, 2017, 01:27:35 PM |
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I wish i could trust this project but after what happened it's hard to trust It unfortunately. Too much doubts, who are the dev, they are hiding so no way to trace back to them if there is any issue, that does not inspire confidence
Hi we can answer all your doubts. Please get familiar with the smart contract and white paper. If you have any questions, please feel free to ask !
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Propeg
Newbie
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Activity: 30
Merit: 0
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October 08, 2017, 01:36:27 PM |
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I see all questions being immediately logically answered. This shows confidence and even though the trust rocked for a second, now it should be obvious the team is legit doing everything to set up a functioning long term business.
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JanPavel
Newbie
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Activity: 65
Merit: 0
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October 08, 2017, 01:41:32 PM |
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Any news on hackaton, round 2? ;-)
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jznsamuel
Member
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Activity: 121
Merit: 10
“Get Paid to Play your Media on Current"
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October 08, 2017, 02:29:19 PM |
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Shouldn't it be Receive? instead of Recive
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