Why Poloniex Has Rejected SuperCoin

[provenceday]

can i aks my BTC donation back in the Hacker event?

 
busoni you are a honest guy, i like you.

hope you can handle this tough thing correctly.

thanks

You actually can, I don't hold people to that.

It is pertinent that the coin was hard forked to change the maximum supply. We have not examined all the changes made, but this may strengthen the case for the MAX_MONEY issue being negligence rather than laying the foundation for a nefarious plan. Nevertheless, the variable could have been deliberately left unchanged for the same reasons, and in any case, it indicates sloppy coding that opens the coin up to, for example, a much larger double spend attack. We're going to look into this further, but an apology may be in order for not coming to dev privately first.

There is also the issue of the anon implementation proposed, which even by the dev's admission is highly vulnerable to "cheating." I would never list a coin that relied on the honesty of people operating a mixing pool. It would be trivial for them to steal coins and impossible to prove that they had done so.

hi busoni, dev online now, communicate with him directly.
thank you very much busoni.
you are a respectable guy.

[1715106147]

1715106147

[1715106147]

1715106147

[mistersushi]

This here thread is funny, but sorta scary.  

It's obvious that neither busoni or Cryptsy, or any of their cheerleaders know shit about how cryptocoin code actually works.

Hey geniuses, leave the code for programmers--you'll get hurt in there.  

[provenceday]

This here thread is funny, but sorta scary.  

It's obvious that neither busoni or Cryptsy, or any of their cheerleaders know shit about how cryptocoin code actually works.

Hey geniuses, leave the code for programmers--you'll get hurt in there.  

busoni is a respectable guy, hope he can handle this.

[mctaino]

Busoni I've been a supporter of polo and your word has weight on me and many. I took your word for it and panic sold, I lost over 13 BTC over this crap.

06/14/2014 04:27:41 PM   Sell   0.00001799   224347.58707523   224347.58707523   0.00001916   4.28953655

Im really upset over the way your announcement was handled. I totally understood your concerned but to come out and post it and imply that something fishy was going on and now to see you backtrack is very devastating. We were #1 on polo voting so who in the world would ever think that something catastrophic would happen.

I hold u totally responsible for what happened to me and I hope you do the right thing. U totally destroyed me and my family this was over 6k USD in btc.

[suppersz]

Busoni I've been a supporter of polo and your word has weight on me and many. I took your word for it and panic sold, I lost over 13 BTC over this crap.

06/14/2014 04:27:41 PM   Sell   0.00001799   224347.58707523   224347.58707523   0.00001916   4.28953655

Im really upset over the way your announcement was handled. I totally understood your concerned but to come out and post it and imply that something fishy was going on and now to see you backtrack is very devastating. We were #1 on polo voting so who in the world would ever think that something catastrophic would happen.

I hold u totally responsible for what happened to me and I hope you do the right thing. U totally destroyed me and my family this was over 6k USD in btc.

I lost 0.7BTC

[coinspredator]

Busoni I've been a supporter of polo and your word has weight on me and many. I took your word for it and panic sold, I lost over 13 BTC over this crap.

06/14/2014 04:27:41 PM   Sell   0.00001799   224347.58707523   224347.58707523   0.00001916   4.28953655

Im really upset over the way your announcement was handled. I totally understood your concerned but to come out and post it and imply that something fishy was going on and now to see you backtrack is very devastating. We were #1 on polo voting so who in the world would ever think that something catastrophic would happen.

I hold u totally responsible for what happened to me and I hope you do the right thing. U totally destroyed me and my family this was over 6k USD in btc.

I lost 0.7BTC

I bought 6 BTC, many thanks for your cheap coins.

[mctaino]

We also don't know if they  said this to make everyone panic and sell. On the way down their was a buy for over 14BTC . I don't know, I can't lay blame but Ive never seen something like this before were and exchange representative comes out and lays it out hard like that.

 Now we have people rubin their gains on us like what you guys had previous knowledge of what was going to happen?

I hope polo reimburses our losses because thats the right thing to do or they will loose all credibility.

[suppersz]

Busoni I've been a supporter of polo and your word has weight on me and many. I took your word for it and panic sold, I lost over 13 BTC over this crap.

06/14/2014 04:27:41 PM   Sell   0.00001799   224347.58707523   224347.58707523   0.00001916   4.28953655

Im really upset over the way your announcement was handled. I totally understood your concerned but to come out and post it and imply that something fishy was going on and now to see you backtrack is very devastating. We were #1 on polo voting so who in the world would ever think that something catastrophic would happen.

I hold u totally responsible for what happened to me and I hope you do the right thing. U totally destroyed me and my family this was over 6k USD in btc.

I lost 0.7BTC

I bought 6 BTC, many thanks for your cheap coins.

Donate some to me,please....

[coinspredator]

Busoni I've been a supporter of polo and your word has weight on me and many. I took your word for it and panic sold, I lost over 13 BTC over this crap.

06/14/2014 04:27:41 PM   Sell   0.00001799   224347.58707523   224347.58707523   0.00001916   4.28953655

Im really upset over the way your announcement was handled. I totally understood your concerned but to come out and post it and imply that something fishy was going on and now to see you backtrack is very devastating. We were #1 on polo voting so who in the world would ever think that something catastrophic would happen.

I hold u totally responsible for what happened to me and I hope you do the right thing. U totally destroyed me and my family this was over 6k USD in btc.

I lost 0.7BTC

I bought 6 BTC, many thanks for your cheap coins.

Donate some to me,please....

Sorry man, but I can´t do it.

[bitrap]

All we know for sure is that Polo went with the MAX_MONEY line as the headline reason to reject this coin, which has been debunked. The OP ends with this:

We have other concerns about the coin, particularly concerning the proposed method of anonymity, but the shenanigans with the maximum supply is sufficient for us to reject this coin.

The anon feature of the wallet was just released a few hours ago and is in it's alpha stage, so it's not even an official feature yet.

So what's left? Code copying? I'm no programmer myself but as far as I know, every programmer "borrows" code.

I'm sure busoni is a great guy, but it's starting to smell like some back peddling in here.

[fancy2973]

All we know for sure is that Polo went with the MAX_MONEY line as the headline reason to reject this coin, which has been debunked. The OP ends with this:

We have other concerns about the coin, particularly concerning the proposed method of anonymity, but the shenanigans with the maximum supply is sufficient for us to reject this coin.

The anon feature of the wallet was just released a few hours ago and is in it's alpha stage, so it's not even an official feature yet.

So what's left? Code copying? I'm no programmer myself but as far as I know, every programmer "borrows" code.

I'm sure busoni is a great guy, but it's starting to smell like some back peddling in here.

another fud? someone does not understand what MAX_MONEY means and start to reject coins? What a retard. Anon feature just released? can you tell me how many coins have that feature? how many promised and unable to deliver? your comments made me laugh.

[whatdidshedo]

i love how people that panic sold want bussoni to pay them back lol, crypto is risk and crashes happen on daily basis, people spread fud and coins crash all the time , like drk crashed xc with a tweet, do people that lost money on xc ask drk to pay them back.

if you gamble and lose it's nobodies fault.
it's a lesson for all of us to double check facts and not make premature decisions. or trust anyone in this case no matter how reputable they are people make mistakes..

[mctaino]

i love how people that panic sold want bussoni to pay them back lol, crypto is risk and crashes happen on daily basis, people spread fud and coins crash all the time , like drk crashed xc with a tweet, do people that lost money on xc ask drk to pay them back.

if you gamble and lose it's nobodies fault.
it's a lesson for all of us to double check facts and not make premature decisions. or trust anyone in this case no matter how reputable they are people make mistakes..

Listen man this was no mistake this was deliberate and coming from an exchange. Polo has lost much credibility

[loges]

i love how people that panic sold want bussoni to pay them back lol, crypto is risk and crashes happen on daily basis, people spread fud and coins crash all the time , like drk crashed xc with a tweet, do people that lost money on xc ask drk to pay them back.

if you gamble and lose it's nobodies fault.
it's a lesson for all of us to double check facts and not make premature decisions. or trust anyone in this case no matter how reputable they are people make mistakes..

Listen man this was no mistake this was deliberate and coming from an exchange. Polo has lost much credibility

Poloniex was already losing volume to bittrex. This was a pr attempt to regain users with trust. Back fire big time.  Poloniex=crypto rush soon.

[bitrap]

another fud?

What FUD? If it turns out SuperCoin is legit, I'm not claiming any ill intent on Polo's part, just incompetence.

BTW, I lost money in this too, but every investor should know to never invest any more than they can afford to lose, and that they are ultimately responsible for what they do with their money.

[whatdidshedo]

i love how people that panic sold want bussoni to pay them back lol, crypto is risk and crashes happen on daily basis, people spread fud and coins crash all the time , like drk crashed xc with a tweet, do people that lost money on xc ask drk to pay them back.

if you gamble and lose it's nobodies fault.
it's a lesson for all of us to double check facts and not make premature decisions. or trust anyone in this case no matter how reputable they are people make mistakes..

Listen man this was no mistake this was deliberate and coming from an exchange. Polo has lost much credibility

Poloniex was already losing volume to bittrex. This was a pr attempt to regain users with trust. Back fire big time.  Poloniex=crypto rush soon.

whatever it was i learned not to trust anyone, make my own mistakes, but yes bittrex is where action is on new coins. which one will be next pump that is my concern.

[provenceday]

can i aks my BTC donation back in the Hacker event?

 
busoni you are a honest guy, i like you.

hope you can handle this tough thing correctly.

thanks

You actually can, I don't hold people to that.

It is pertinent that the coin was hard forked to change the maximum supply. We have not examined all the changes made, but this may strengthen the case for the MAX_MONEY issue being negligence rather than laying the foundation for a nefarious plan. Nevertheless, the variable could have been deliberately left unchanged for the same reasons, and in any case, it indicates sloppy coding that opens the coin up to, for example, a much larger double spend attack. We're going to look into this further, but an apology may be in order for not coming to dev privately first.

There is also the issue of the anon implementation proposed, which even by the dev's admission is highly vulnerable to "cheating." I would never list a coin that relied on the honesty of people operating a mixing pool. It would be trivial for them to steal coins and impossible to prove that they had done so.

i do hope supercoin dev can communicate with you directly. but he is sleep now.

i hope you can handle this correctly.

about the cheating node, it seems XC coin and Darkcoin also has similar issues, Please check this. XC coin use Xnode, in first stage it’s also have some cheating problem. dark coin use masternode which also not a 100% safeway.  Although Bitcoin survive the 51% attack several days ago.

busoni, my friend, Please think this again or wait for the Supercoin dev give your a reply later, no need to make a rush decision.

thank you very much. i will keep Support Poloniex.

busoni, my friend where are you? Please do something.

[Lucky Cris]

subscribed.

[provenceday]

All we know for sure is that Polo went with the MAX_MONEY line as the headline reason to reject this coin, which has been debunked. The OP ends with this:

We have other concerns about the coin, particularly concerning the proposed method of anonymity, but the shenanigans with the maximum supply is sufficient for us to reject this coin.

The anon feature of the wallet was just released a few hours ago and is in it's alpha stage, so it's not even an official feature yet.

So what's left? Code copying? I'm no programmer myself but as far as I know, every programmer "borrows" code.

I'm sure busoni is a great guy, but it's starting to smell like some back peddling in here.

it seems they do not know how Anon features works?

[phosphorush]

they can add it later if they decide, stop the drama