Quote from: dload.1 on April 15, 2014, 06:04:47 AM

Quote from: scott0577 on April 15, 2014, 05:20:54 AM

Quote from: Steven Lee on April 15, 2014, 05:17:20 AM

Quote from: CryptoSteam on April 15, 2014, 05:13:54 AM

Quote from: Adriano on April 15, 2014, 05:12:16 AM

Quote from: greenclover on April 15, 2014, 05:04:10 AM

Quote from: Adriano on April 15, 2014, 04:51:22 AM

Quote from: communitycoin on April 15, 2014, 04:35:33 AM

Dear community: we have to report an incident to you. This morning one of our team members computer had a hard-drive failure, and as a conseuquence many files were lost in which it has one of our COMM coin depot wallet, with approximately 196.8 mil COMMs in it. Despite all efforts we are not able to recover the wallet, and unfortunately no backup was made for this wallet (while we made backups for other wallets, this one was somehow missed as it was created later than others).

This is the wallet:
http://www.coinexplorers.com/address/CKGK6MFmBkreG7k5sU8gDEJNVJ57QZtN3H

We are sorry about this incident, and we want to sincerely appologize to the community. Since the wallet (private key) was erased, it is like this amount of coins was never mined. So total available coins will be 800 mils instead of 1000 mils for COMM. This is a good thing in a sense, that it will enhance our existing coin value. We publish the wallet so that everyone can see that this amount (196780608.602771 COMMs) will be dead in that wallet, that no one has access to them. These coins will never be circulated in the market.

With the coin reserves left, we will distribute 2nd round distribution, as promised.

As a community, we are going strong, and with about 800 mil coins in circulation, we will have a better value of our coin!

So delivery will be done according to same route and whats left put bounty budged.

That's not as bad as it could be :-)

It would be good to hard-code this address in the wallet avoiding funds to be spent. They are already gone, but I'm pretty sure if we do not do it some people will start making accusations here. This action would only bring more transparency and make our coin stronger.

I hope to hear what others think about it.

P.S.: Just got the second share...

Adriano

Edit: mispelling

Oh dear... but this may not be a bad thing. Less coins, more values. As dev posted the wallet address, I am sure it is not them to steal the coins, it is just an accident. If these coins are gone, not a bad thing, not distributed yet anyway.

I don't doubt it was an honest accident but I fear for the reaction of others and how this reaction could affect the price and confidence in our coin... As these coins are gone for good, there is no problem in burning the address in the source code. This way if it was a scam (I'm not saying it is) not one node would relay the transaction nor accept a block where the transaction was included...

Only a couple lines of code and the trust is reestablished.

If at some point the wallet is recovered we will only need to decide what to do with the coins and remove the lock from the source.

Adriano

The coins got burned. Now it's only +800 million

So will the 2nd round distribution be done in a alphabet order. That is not a good thing since my id is starting with letter 'S'. Anyone knows?

Haha Is there room in this boat.

you win best post of the night Grin

I can't see my ID on it..
Oh no~~~