Post
Topic
Board Announcements (Altcoins)
Re: Slimcoin | First Proof of Burn currency | Test v0.5
by
gjhiggins
on 04/11/2017, 12:31:05 UTC
Blocknet (a Pivx/Dash/PPcoin clone) was hacked in early Oct by someone who discovered a way to exploit the staking mechanism for personal gain. Apparently Pivx had discovered and quietly repaired its code some time before. Any chance Slimcoin could have this very staking code defect that recently became known to hackers?  

Until it became clear just how many people had peviously preferred to keep their Slimcoins quiescent on the exchange, the notion was worth exploring.

But Max Guevara had called it correctly back in Sept:
Porting over a bunch of complicated features at once is a sure fire way to break lots of things. Trying to implement two big projects like Masternodes and PoS at once is not very prudent. A phased approach where each feature is added and thoroughly reviewed and tested is the way to go. PivX is on a different code base from Quark, this complicates matters. PivX also has an old modified PoS implementation that's different from Peercoin.

Cheers

Graham