Post
Topic
Board Announcements (Altcoins)
Re: [ANN] MangoCoinz Official ANN Thread - Mine cryptocurrencies on you smart phone
by
youcantbesrs
on 12/02/2015, 18:09:15 UTC
heres a few more of the 3 letter accounts
Sync: sony amount 20.3924504 MCZ on 2015-02-12 17:24:46
Sync: net amount 21 MCZ on 2015-02-12 17:37:19
Sync: day amount 21 MCZ on 2015-02-12 17:28:50
Sync: sun amount 20.3158655 MCZ on 2015-02-12 17:22:00

its seems like a script or bot perhaps in android emulator?  set to continuously farm and automatically create new accounts.

What if after install or a reinstall of app the user needs to be issued a "key" which is generated by server using some crypto magic that involves the phone number/imei/deviceid and sent to them via sms before they are allowed to mine or sync.  The code cant be faked and once used is linked to their account permanent to prevent any attempt to use wiht more then one account.  Wouldn't something like that prevent these types of exploits?  


sent by sms would be highly unreliable especially for the users whom are using an old phone or a phone without service

another thing that comes to my mind which is very questionable
what is to say that the devs arent easily able to dump arbitrary amounts of mcz themselves to profit as well
once the greed factor sets in thats all it will take for them to easily abuse this to profit

[edit]
ive just taken a quick look at the app and i was suprised to find that there isnt even any method providing proof of work for mcz mined
so this system can be easily abused 100% to sync coins which users have not even done the work to mine
major fucking fail

[edit2]
apparently there isnt even a simple ToS for mangocoinz
so the devs have not even taken the time to set rules for users using this service
which leaves me to question their view on banning people using this service
as they have set no rules or guidelines there is nothing stating users cannot abuse their services in mass
which means that the devs banning users for doing something like this is not justified because they have not stated it is wrong to do so.

in order to enforce rules against users you firstly have to provide them rules to agree to which you have failed to do
so with this in mind you cant just make up rules as you go along and attempt to openly enforce them when you have not provided them to your users from the start

moreover when they begin trying to ban users, all its going to take is someone to file a complaint for abuse to digital ocean and show how they were banned for abuse from a service that doesnt even provide terms of service appropriately stating what rules to abide by and mcz will either have to find a new host or die
fail # i lost count

as fast as they pushed this out without even considering to provide a terms of service, and as much as they speak about reaching out to a specific market in the first post in their thread, i believe they are just trying to use this to make profits

i leave this as an open opportunity for them to discuss this with us and prove that wrong.
how about an answer in regards to this SvonioneFromMangoCoinz