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CoinDash’s ICO Website Has Been Hacked

financemagnates.com

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Re: CoinDash’s ICO Website Has Been Hacked

#201

Post by mnaei »

option_greek wrote: post #36
ty_a wrote: post #17

For anyone wondering, 45k ETH is about 7.65M USD.

I wonder what happens if someone wants to liquidate this amount to USD immediately. Has ether got enough liquidity to handle it :)

Check out my project, it should solve the problem you mentioned. The goal would be to stabilize the price of Ether on the blockchain so the Ether can be sold off slowly without moving the market.

Its essentially a cryptocurrency risk management system where one user takes on all the profit/loss of cryptocurrencies price change so that other user (fund) pegges their wealth to USD

https://medium.com/@mnaei/are-you-selling-50-of-your-cryptoc...

Re: CoinDash’s ICO Website Has Been Hacked

#202

Post by fokinsean »

trophycase wrote: post #179
fokinsean wrote: post #15

That's a bummer since Coindash appears to have an MVP and a reasonable funding cap of $12MM. I wouldn't wish this on anyone, but it's unfortunate it didn't happen to one of the scammy ICO's instead. On a side note showcasing the ridiculousness of some of these ICOs, [1]"Useless Ether Token" (UET) raised around $45k and literally doesn't do anything. [1]: https://coinmarketcap.com/assets/useless-ethereum-token/ https:…

You do realize that everyone knows UET is a joke right?

Yeah totally. It's probably one of the most profitable jokes created if he cashes out.

Re: CoinDash’s ICO Website Has Been Hacked

#204

Post by mikeash »

davnicwil wrote: post #41
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?

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…

Seems to me that cash back is a way for card companies to compete on transaction costs. Directly adjusting the transaction costs wouldn't do it, because merchants won't pass the difference on to the buyer. By rebating part of the transaction cost to the cardholder, they effectively reduce the transaction cost, without having to get merchants to pass on savings.

The beneficiary of this scheme, as with most schemes to lower prices to undercut the competition, is me.

Re: CoinDash’s ICO Website Has Been Hacked

#205

Post by protomyth »

Marazan wrote: post #162
Marazan wrote: post #109

Earlier quoted context omitted.

I paid £0 to transfer £10000 the other day. I had to split it into two transfers of £5000 but otherwise it was free to transfer between two completely separate financial institutions.

Oooh, I forgot to mention the transfer time was approximately 3 seconds.

Here in the US, we might get a visit from the IRS and our account frozen. https://www.forbes.com/sites/robertwood/2017/04/05/91-of-irs...

Re: CoinDash’s ICO Website Has Been Hacked

#206

Post by Cshelton »

sharemywin wrote: post #58

I wonder if a block chain could certify websites: 1. someone writes a url to the chain 2. others post a (url/hash/date time) of the output of the url 3. then people could post an image with their face and a blockchain address. could be a form of ID.

This is what the ENS (Ethereum Name System) will be doing. In face, if you see an ICO on the Ethereum platform that doesn't use the ENS, avoid it. The ENS is actually really cool.

Although, you should probably avoid all ICO's =p

Re: CoinDash’s ICO Website Has Been Hacked

#207

Post by jtmarmon »

simias wrote: post #73
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…

That's the definition of insurance. The problem with bitcoin, if you think that's a problem, is that there's no obvious way to implement this scheme. You'd have to insure your coins to a third party but then you'd probably have to give them some control over your wallet so that you can't just "steal" your own coins and make a claim. But clearly people want this type of guarantee so I think the cryptopunk dream of hav…

>As far as I'm concerned I still haven't found a satisfactory answer to this question.

Me too. What's better: people are now trying to take advantage of this uselessness beyond money using ETH. every idea for an etherium-based app I've come across seems better served by a real institutional intermediary.

Re: CoinDash’s ICO Website Has Been Hacked

#208

Post by mahyarm »

Marazan wrote: post #162
Marazan wrote: post #109

Earlier quoted context omitted.

I paid £0 to transfer £10000 the other day. I had to split it into two transfers of £5000 but otherwise it was free to transfer between two completely separate financial institutions.

Oooh, I forgot to mention the transfer time was approximately 3 seconds.

Now do that to a bank account in Canada and to exchange GBP to CAD.

Re: CoinDash’s ICO Website Has Been Hacked

#209

Post by urethrafranklin »

AsyncAwait wrote: post #6

This seems to be the same problem that many open-source projects have, where the md5 hash to verify your download is at a single, (often the same) location. One possible solution would be to use Twitter pinned tweet to also announce the address, however it's questionable how many people would actually cross check.

If someone can MITM your download, in many scenarios they could MITM twitter as well.

Re: CoinDash’s ICO Website Has Been Hacked

#210

Post by reinhardt1053 »

root_axis wrote: post #160
kcanini wrote: post #147

Earlier quoted context omitted.

I can think of at least two real-world uses where cryptocurrency is a better choice than fiat: (1) sending money overseas with very low transaction fee, and (2) transacting on the black market.

> sending money overseas with very low transaction fee Except that fluctuations in the conversion rate make this very touchy, especially if you're talking about a significant sum of money. Also, sending crypto anywhere outside of a handful of developed nations is fraught with difficulty because recipients need to be able to convert bitcoin into spendable money which often involves risky in-person meetups and gigantic…

>difficulty because recipients need to be able to convert ? bitcoin into spendable money which often involves risky in-person meetups and gigantic markups on the conversion rate.

One day there will be no need to convert to fiat.

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