[PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion

[sgtstedanko]

Hello everyone, here are the latest updates from the WhiteCoin Team.

Last night at approximately 04:00 EST, a coordinated attack against WhiteCoin’s blockchain occurred. First, chunkypools was targeted by a DDOS attack, followed by a timewarp attack Major exchanges were targeted for the disbursement of these new coins. This resulted in the trading of double spent currency.

The WhiteCoin Foundation Project and the community have risen to this challenge once again. We will not be rolling back the blockchain, because we believe that legitimate trades carried out overnight cannot be unfairly penalized. The MintPal team, in an extraordinary gesture of good faith and commitment to WhiteCoin, will absorb these initial losses. The WhiteCoin Foundation Project pledges to compensate MintPal over the long term for this loss.

Our dev team has expanded to include even more qualified volunteers as well as paid staff who are intimately familiar with the code.  Tests are continuing and are going extremely well as per our previous update.

Despite this instance of fraud, the WhiteCoin team remains committed to a community-driven, public and universally exchangeable currency.  We will update you once again on our progress by midnight tonight EST.

We continue to discourage wallet use at this time until our update is provided.  It’s taken us some time to develop a full understanding of what happened, as well as develop a solution – therefore, we’re committing to a schedule of regular updates, in order to continue our tradition of transparency and community engagement – after all, you guys have driven this entire project.

With thanks,

Chris Salsman

(mogonzo)


Notes:

We have confirmed the address of the attacker:

http://blockchain.info/address/15KyF65kpMg37CyD2KrKLvoXFFsrhF36SU
http://bitinfocharts.com/bitcoin/address/15KyF65kpMg37CyD2KrKLvoXFFsrhF36SU

What doesn't kill ya only makes you stronger

[dminer69]

Is wonderful to see everyone coming together for this community.
god bless everyone!

[ycm82]

Is wonderful to see everyone coming together for this community.
god bless everyone!

[barryzand]

Mintpal... +1mil!

[xuser]

Why do these kiddy's waste their time fighting against a coin that will not die?  All this seems to be doing is making the community stronger and even more determined.  All I have to say to these angry misguided fools is that you are fighting a losing battle.

Community is not going to falter and has faith in its new devs.  Take note kiddy's, we shall not be moved.

+1

[ZarkMark]

WhiteCoin is dead. Double spend issue.

[pomelo]

no reason not to have it.

Is what?

[Mesciator]

WhiteCoin is dead. Double spend issue.

No. Dev will resolve this. don't try to troll here.

[WhiteCoinJesus]

[PhattyBanks]

Why do these kiddy's waste their time fighting against a coin that will not die?  All this seems to be doing is making the community stronger and even more determined.  All I have to say to these angry misguided fools is that you are fighting a losing battle.

Community is not going to falter and has faith in its new devs.  Take note kiddy's, we shall not be moved.

I guess they have faith in WC too, otherwise why bother trying to steal them? no point in taking something worth nothing! Gotta love it when even the scammers believe in a coin in turmoil

they were using fake WC to steal bitcoin, not stealing WC to keep it

[pomelo]

WhiteCoin is dead. Double spend issue.

If the coin is dead. Why is there a active market on multiple different exchanges going on?

[cryptohunter]

when you see so much fud you know there is an agenda behind it, they fear whitecoin.

True the original devs were terrible , could not code and just cashed in the premine. I will NEVER accept a premine coin again after this even though by comparison it was a very small premine.

In future all premined coins should be held by escrow level members and released back to these 0 activity devs over time.

However WC miners and investors had no part in this bullshit and it was the fastest growing community since doge, so together we will build this coin back to what it should have been in the first place.

Fudders either have less than 20 activity so are shill accounts for the most part since noobs don't show up and instantly start fudding. Or they are members or competing communties and their agenda is clear.

[altcoinherald]

A recap of the last few days: http://altcoinherald.com/whitecoin-limps-another-day-working-wallet/ 

[ycm82]

While everybody and their moms were selling, I was buying,

[DjstarX]

people will be talking about how they missed this price (600-700) in less then 2 weeks I can guaranty that .

[ycm82]

Be a beta-tester for the upcoming wallet (c&p from irc):
[13:52] <+Oizopower> NOTICE: if you wan't to participate in tonights beta for the wallet, get a linux enviroment with GUI running, be in this channel in 6 hours.

IRC here:
http://webchat.freenode.net/?channels=whitecoinfoundation&uio=d4#

good news
thanks
 

[ycm82]

people will be talking about how they missed this price (600-700) in less then 2 weeks I can guaranty that .

+1

[heartastack]

After the wallet can we get the distribution list back too?

[malbee]

people will be talking about how they missed this price (600-700) in less then 2 weeks I can guaranty that .

I agree....I bought in at this price two (or is it three) crisis ago... 

Holding!

[Twopizzateam]

WhiteCoin is dead. Double spend issue.

No. Dev will resolve this. don't try to troll here.

I don't even bother anymore, let them trash-talk.

Yeah. Don't even bother them. Let them trash-talk.