CoinDash’s ICO Website Has Been Hacked • Hacker News Board

Re: CoinDash’s ICO Website Has Been Hacked

#21

Post by btown » Mon, Jul 17, 2017, 2:47 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?

Everyone in cryptocurrency seems to have forgotten that the adage "the devil you know vs. the devil you don't" was a recommendation to prefer the former.

Re: CoinDash’s ICO Website Has Been Hacked

#22

Post by ericfrederich » Mon, Jul 17, 2017, 2:47 PM UTC

mcherm wrote: post #8

Where does the amount in the title ("45k ether") come from? I didn't see that in the article. EDIT: Apparently from https://etherscan.io/address/0x6a164122d5cf7c840D26e829b46dC... , which is something I don't have the depth of knowledge to assess for myself.

wow... 6 minutes ago, 1 minute ago... people are still sending this address money?

Re: CoinDash’s ICO Website Has Been Hacked

#23

Post by mhluongo » Mon, Jul 17, 2017, 2:47 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?

What are you talking about? The dollar loses to inflation every year. A 1990 dollar is $1.87 in 2017 dollars.

Re: CoinDash’s ICO Website Has Been Hacked

#24

Post by sharemywin » Mon, Jul 17, 2017, 2:48 PM UTC

option_greek wrote: post #12

I don't understand how any of these ICO companies are valued so high. If they had to raise this 12mil from VC/PE would they still be valued the same ?

Because it's not real money, most of it is just bitcoins that got converted to ethereum that got converted to coin dejur. Can you cash it out in small quantities sure, but unless something tangible comes of it you have nothing but worthless tokens.

Re: CoinDash’s ICO Website Has Been Hacked

#25

Post by Moter8 » Mon, Jul 17, 2017, 2:49 PM UTC

mcherm wrote: post #8

Where does the amount in the title ("45k ether") come from? I didn't see that in the article. EDIT: Apparently from https://etherscan.io/address/0x6a164122d5cf7c840D26e829b46dC... , which is something I don't have the depth of knowledge to assess for myself.

ETH Balance: 43,432.963 ...

is the important figure. At the bottom you can see the transactions coming in.

First incoming transaction seems to be from Jul-17-2017 01:01:21 PM. View all > last page.

Re: CoinDash’s ICO Website Has Been Hacked

#26

Post by sleepychu » Mon, Jul 17, 2017, 2:49 PM UTC

mhluongo wrote: post #23

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?

What are you talking about? The dollar loses to inflation every year. A 1990 dollar is $1.87 in 2017 dollars.

I think GP means that if you have $100 in your bank it'll still be there tomorrow, not randomly erradicated by volatile swings in the market or stolen with no way to get it back.

That said this is only true if you have faith in your government.

Re: CoinDash’s ICO Website Has Been Hacked

#27

Post by detaro » Mon, Jul 17, 2017, 2:50 PM UTC

dsun176 wrote: post #10

Running a P2P-ICO over a centralised server. Good job coindash. That's exactly what you deserved.

Do other ICOs do a better job distributing instructions?

EDIT: so, apart from posting the address across as many channels as possible, and telling people to cross-check, what options are there? You could announce addresses way beforehand and have them send ETH to the final address once you release it, using that as a signal.

Re: CoinDash’s ICO Website Has Been Hacked

#28

Post by 542458 » Mon, Jul 17, 2017, 2:51 PM UTC

dvcc wrote: post #14

albertgoeswoof wrote: post #11

No problem, just hardfork and start again

That only works when the money is tied to one of the core developers. Don't worry though, blockchains are immutable and safe from centralization.

Wait what? I'm not up to date on all the cryptocurrency going-ons. What's this referring to?

Re: CoinDash’s ICO Website Has Been Hacked

#29

Post by mhluongo » Mon, Jul 17, 2017, 2:51 PM UTC

option_greek wrote: post #12

I don't understand how any of these ICO companies are valued so high. If they had to raise this 12mil from VC/PE would they still be valued the same ?

No. On top of that, the tokens aren't usually for equity

Re: CoinDash’s ICO Website Has Been Hacked

#30

Post by lloydde » Mon, Jul 17, 2017, 2:51 PM UTC

> CoinDash's Token Sale page was tempered...

Now reads "tampered", but "tempered [sic]" would seem to have been appropriate if really was the message sent to investors. Funny how the subheadline had the typo before as well.