Post
Topic
Board Altcoin Discussion
Re: Altcoin blockchain experts - can anyone explain this semi-missing transaction?
by
BARR_Official
on 31/01/2016, 13:54:27 UTC
Quote from: Bitcoin Forum
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Quote
The January Burn has ended. 449,479 FIND coins have been burned and 112,369 new Digital Credits have been released into the world.



The burn address has only received 1 transaction from BTCPoolExchange, for 124,689 FIND.  But they still sent out the premined DGCS (mostly to you, intristin) in exchange for FindCoins that are still in your personal address. 

http://www.multifaucet.tk/index.php?blockexplorer=FIND&address=FVCryptoLifeDotNetBurnAddrXXcBdXmn





Quote
Please note that their was some sort of attack on the FINDcoin block chain which appears to have forked it somehow. This is causing the block explorers to display incorrect information. We are looking into getting that all sorted out and will let you know if and when we do.   



The block explorer shows what is on the blockchain.  Everyone's wallets on the same network have to agree.

Therefore, it's not the block explorer that's displaying incorrect information.  You are the one displaying incorrect information.

You say there was an attack, but the double-spend happened exactly when you sent your FindCoins to the BTCPoolExchange, exchanged them for DigitalCredits, and then still kept the FindCoins in your own address.  Which means you could still send them to YoBit to sell them after you've already sold them at BTCPoolExchange.

That's why you're supposed to use Proof of Burn, so it's proven that the coins can never be sold again.  But that's not what you're doing. 





And now you're exchanging FlozCoin, a scam ICO that just launched December 20th.  Who launched it?  Did you launch it yourself, or did you plan it with the Floz dev just to burn it the next month after it launched?