Why Poloniex Has Rejected SuperCoin

[2fa]

Hmm, maybe supercoin is superscam.

[godofdefire]

I wonder if Polo will give refunds to all the people that panic sold based on their faulty FUD.

Seriously.
Talk about legally sticking your neck out..
Not a wise idea.
Just say you are not listing it, don't need to explain why.
 

The code speaks for its self. Critique is not slander. I am happy someone is looking out for the rest of us cryptonauts.

[busoni]

MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.

That's retarded. How the fuck are you able to run an exchange, if you can't even figure out the basics?
MAX_MONEY doesn't indicate maximum supply, it's a check value for transaction validity.

MAX_MONEY itself doesn't provide extra coins, but it means they could be inserted into the blockchain and the network would consider them valid. This would be even easier to do using the "trustless" anon system.

What the fuck are you talking about? How would those "extra coins" be generated? You clearly have no idea how cryptocurrencies function.

The most likely way would be for them to push an update to adjust the reward. As I said, we did not find evidence of a hidden premine currently in existence. What legitimate explanation for this obviously deliberate adjustment to the variables do you have?

[whatdidshedo]

MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.

That's retarded. How the fuck are you able to run an exchange, if you can't even figure out the basics?
MAX_MONEY doesn't indicate maximum supply, it's a check value for transaction validity.

MAX_MONEY itself doesn't provide extra coins, but it means they could be inserted into the blockchain and the network would consider them valid. This would be even easier to do using the "trustless" anon system.

What the fuck are you talking about? How would those "extra coins" be generated? You clearly have no idea how cryptocurrencies function.

The most likely way would be for them to push an update to adjust the reward. As I said, we did not find evidence of a hidden premine currently in existence. What legitimate explanation for this obviously deliberate adjustment to the variables do you have?

Right on , respect

[greatwolf]

Question:
What that line means: if (dAmount <= 0.0 || dAmount > 150000000.0)

That's a range check, it means if dAmount is below 0 or over 150,000,000. Or to put it differently if dAmount is not between 0.00000001 and 150,000,000 then do whatever is in the code block that follows.

[purplejaguar]

MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.

That's retarded. How the fuck are you able to run an exchange, if you can't even figure out the basics?
MAX_MONEY doesn't indicate maximum supply, it's a check value for transaction validity.

MAX_MONEY itself doesn't provide extra coins, but it means they could be inserted into the blockchain and the network would consider them valid. This would be even easier to do using the "trustless" anon system.

What the fuck are you talking about? How would those "extra coins" be generated? You clearly have no idea how cryptocurrencies function.

The most likely way would be for them to push an update to adjust the reward. As I said, we did not find evidence of a hidden premine currently in existence. What legitimate explanation for this obviously deliberate adjustment to the variables do you have?

busoni, thank you for doing code reviews like this, but did you give the Super coin team a chance to respond to your findings?

[busoni]

Question:
What that line means: if (dAmount <= 0.0 || dAmount > 150000000.0)

That's a range check, it means if dAmount is below 0 or over 150,000,000. Or to put it differently if dAmount is not between 0.00000001 and 150,000,000 then do whatever is in the code block that follows.

Yes, that's a range check for returning the error "Invalid amount." The purpose of including that is to show that the 150 Million number was typed explicitly in two different places. Coins typically use the MAX_MONEY variable there.

[From Above]

Busoni Tristan the shitcoin terminator. Nice show killing price without good reason lol

Anyhow i hate poloniex hard ever since u stole my BTC u asshole

[MinerP]

busoni thank you... for the cheap coins  supercoin dev probably gonna be furious when he wakes up

[Swag]

MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.

That's retarded. How the fuck are you able to run an exchange, if you can't even figure out the basics?
MAX_MONEY doesn't indicate maximum supply, it's a check value for transaction validity.

MAX_MONEY itself doesn't provide extra coins, but it means they could be inserted into the blockchain and the network would consider them valid. This would be even easier to do using the "trustless" anon system.

What the fuck are you talking about? How would those "extra coins" be generated? You clearly have no idea how cryptocurrencies function.

The most likely way would be for them to push an update to adjust the reward. As I said, we did not find evidence of a hidden premine currently in existence. What legitimate explanation for this obviously deliberate adjustment to the variables do you have?

If they were going to push an update to change block reward, they could change MAX_MONEY in the same update. Also i'm pretty sure that would require a hardfork. You are spreading FUD.

[kuchini]

MAX_MONEY is pretty much what it sounds like. This means that the actual maximum supply of SuperCoin is 150 million, not 50 million. Furthermore, the maximum PoW coins is 50 million, rather than the claimed 18.2 million. The 150 million number appears twice in the code, so it can hardly be considered an accident.

That's retarded. How the fuck are you able to run an exchange, if you can't even figure out the basics?
MAX_MONEY doesn't indicate maximum supply, it's a check value for transaction validity.

MAX_MONEY itself doesn't provide extra coins, but it means they could be inserted into the blockchain and the network would consider them valid. This would be even easier to do using the "trustless" anon system.

What the fuck are you talking about? How would those "extra coins" be generated? You clearly have no idea how cryptocurrencies function.

The most likely way would be for them to push an update to adjust the reward. As I said, we did not find evidence of a hidden premine currently in existence. What legitimate explanation for this obviously deliberate adjustment to the variables do you have?

Right on , respect

I don't agree with you busoni. I believe there is a concern but PoW is legit in their code. Also MAX_MONEY can be changed on any update on any coin which makes this argument invalid. Currently the coin will produce the correct amount of coins. This is FUD

[From Above]

Busoni u still own me lots of Bitcoin after the Poloniex BTC hoax. FUCKING RETURN OUR MONEY u extreme parasite.

[jakiman]

You guys realize that before the recent fork of SUPER, it was supposed to be 150million total coin supply?

They might have forgot to change this number down to 50 million that it should be now.

Poloniex should not have jumped the gun with this when PoW ends in 73 days from now and PoW checks out clean according to CryptoCobain.

[From Above]

You guys realize that before the recent fork of SUPER, it was supposed to be 150million total coin supply?

They might have forgot to change this number down to 50 million that it should be now.

Poloniex should not have jumped the gun with this when PoW ends in 73 days from now and PoW checks out clean according to CryptoCobain.

Poloniex is a bad joke anyway dude

[bitcoinwonders010]

You guys realize that before the recent fork of SUPER, it was supposed to be 150million total coin supply?

They might have forgot to change this number down to 50 million that it should be now.

Poloniex should not have jumped the gun with this when PoW ends in 73 days from now and PoW checks out clean according to CryptoCobain.

good point

[Swag]

You guys realize that before the recent fork of SUPER, it was supposed to be 150million total coin supply?

They might have forgot to change this number down to 50 million that it should be now.

Poloniex should not have jumped the gun with this when PoW ends in 73 days from now and PoW checks out clean according to CryptoCobain.

Lmao. Busoni's getting #rekt

[busoni]

Yes, you could change MAX_MONEY later, but that would be a lot more obvious if someone attempted to change that in an update.

The question here is why were the daemons deliberately made to handle 100 million more coins than the given maximum? You also have to consider the amount that can be minted during the PoS phase. It is hard to predict the exact amount that can be minted in that phase due to the random rewards. But the code allows for a lot more than a maximum of 50 million.

The devs could come back and say "whoops, that was a typo, didn't mean to put 150 million there; update, no harm done." And they could fix the coin. But you have to ask why that number was there. It's a pretty big stretch to say it was an accident. There is zero legitimate reason for it.

The questionable motives behind that also make the anon system extremely risky. The anon system allows for the operators of the mixing pool to steal coins at will, and it would be very difficult to trace. Do you trust the people who slipped this variable change in to handle your coins honestly? Because that's what you would have to do. You're handing them a hundred dollar bill and saying, "Please give this to X."

[bitcoinwonders010]

BUSONI DID YOU KNOW ABOUT HARD FORK

[jakiman]

BUSONI DID YOU KNOW ABOUT HARD FORK

Obviously not.

https://bitcointalk.org/index.php?topic=618552.msg7273647#msg7273647

[Swag]

Yes, you could change MAX_MONEY later, but that would be a lot more obvious if someone attempted to change that in an update.

The question here is why were the daemons deliberately made to handle 100 million more coins than the given maximum? You also have to consider the amount that can be minted during the PoS phase. It is hard to predict the exact amount that can be minted in that phase due to the random rewards. But the code allows for a lot more than a maximum of 50 million.

The devs could come back and say "whoops, that was a typo, didn't mean to put 150 million there; update, no harm done." And they could fix the coin. But you have to ask why that number was there. It's a pretty big stretch to say it was an accident. There is zero legitimate reason for it.

The questionable motives behind that also make the anon system extremely risky. The anon system allows for the operators of the mixing pool to steal coins at will, and it would be very difficult to trace. Do you trust the people who slipped this variable change in to handle your coins honestly? Because that's what you would have to do. You're handing them a hundred dollar bill and saying, "Please give this to X."

Please read this

You guys realize that before the recent fork of SUPER, it was supposed to be 150million total coin supply?

They might have forgot to change this number down to 50 million that it should be now.

Poloniex should not have jumped the gun with this when PoW ends in 73 days from now and PoW checks out clean according to CryptoCobain.

Then get fucked, idiot.