CoinDash’s ICO Website Has Been Hacked

Post by discombobulate » Mon, Jul 17, 2017, 3:35 PM UTC

nikolay wrote: post #16

Where's the news?! Why do people continue to bang heads against the wall with this madness? Unless you're a thief, how is the craptocurrency thing better than my credit card that's insured from unauthorized use and gives me a cash back?! Yeah, you can't speculate with credit cards, and get rich quick, because $1 = $1 like forever, but isn't that what the real investment tools are for?

Post by Macie45 » Mon, Jul 17, 2017, 3:35 PM UTC

gst wrote: post #92

davnicwil wrote: post #41

Earlier quoted context omitted.

Just to pick up on this one small point: as I understand it, the cashback you get with a credit card is more or less taken straight from the card processing fee charged to the vendor, which of course, raises prices overall and is therefore not really cashback at all. Without the fee, you would likely have just paid a lower price in the first place. The only party benefitting from the cashback scheme is, of course, th…

> One of the hugely compelling benefits of cryptocurrencies is they entirely eliminate the necessity for such middlemen taking a cut and driving up costs for the parties actually partaking in the transaction. Without more efficient means of off-chain transactions (such as payment channels) the cost of on-chain cryptocurrency transactions is typically much more expensive than credit card transactions (except for very…

Post by vkou » Mon, Jul 17, 2017, 3:39 PM UTC

taytus wrote: post #44

albertgoeswoof wrote: post #11

No problem, just hardfork and start again

I'm learning about Ethereum and I just read about their previous hardfork. I won't touch this (as a developer) until this kind of shenanigans stop happening.

Post by joosters » Mon, Jul 17, 2017, 3:39 PM UTC

discombobulate wrote: post #106

SirensOfTitan wrote: post #66

The full title on the link is: "Breaking: CoinDash’s Token Sale (ICO) Website Has Been Hacked." This submission is disingenuous at best, as it implies the ICO contract was hacked: someone hacked the webpage and changed the token sending address. Edit: Looks like the title was updated. :)

1) Watch out for the website. And here's another tip from Vitalik, 'Reminder: if someone makes a token sale that gives discounts to large buyers, this can be circumvented via collective-buying smart contract.'[0] I think people are going to start understanding how to navigate the new investment waters. It's going to take time. I still don't have as many sources of info in the area as I'd like. That too -- if the mark…

Post by ChrisClark » Mon, Jul 17, 2017, 3:41 PM UTC

imron wrote: post #102

mcjiggerlog wrote: post #49

Earlier quoted context omitted.

Over €6,000,000 at current prices.

And over €12,000,000 at the price 2 weeks ago. Who knows what the price will be next week, but it won't be anywhere near €6,000,000 if they try to sell that much at once.