Re: [PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion
Hello everyone, here are the latest updates from the WhiteCoin Team.
Last night at approximately 04:00 EST, a coordinated attack against WhiteCoins blockchain occurred. First, chunkypools was targeted by a DDOS attack, followed by a timewarp attack Major exchanges were targeted for the disbursement of these new coins. This resulted in the trading of double spent currency.
The WhiteCoin Foundation Project and the community have risen to this challenge once again. We will not be rolling back the blockchain, because we believe that legitimate trades carried out overnight cannot be unfairly penalized. The MintPal team, in an extraordinary gesture of good faith and commitment to WhiteCoin, will absorb these initial losses. The WhiteCoin Foundation Project pledges to compensate MintPal over the long term for this loss.
Our dev team has expanded to include even more qualified volunteers as well as paid staff who are intimately familiar with the code. Tests are continuing and are going extremely well as per our previous update.
Despite this instance of fraud, the WhiteCoin team remains committed to a community-driven, public and universally exchangeable currency. We will update you once again on our progress by midnight tonight EST.
We continue to discourage wallet use at this time until our update is provided. Its taken us some time to develop a full understanding of what happened, as well as develop a solution therefore, were committing to a schedule of regular updates, in order to continue our tradition of transparency and community engagement after all, you guys have driven this entire project.
With thanks,
Chris Salsman
(mogonzo)
Notes:
We have confirmed the address of the attacker:
http://blockchain.info/address/15KyF65kpMg37CyD2KrKLvoXFFsrhF36SU
http://bitinfocharts.com/bitcoin/address/15KyF65kpMg37CyD2KrKLvoXFFsrhF36SU
Last night at approximately 04:00 EST, a coordinated attack against WhiteCoins blockchain occurred. First, chunkypools was targeted by a DDOS attack, followed by a timewarp attack Major exchanges were targeted for the disbursement of these new coins. This resulted in the trading of double spent currency.
The WhiteCoin Foundation Project and the community have risen to this challenge once again. We will not be rolling back the blockchain, because we believe that legitimate trades carried out overnight cannot be unfairly penalized. The MintPal team, in an extraordinary gesture of good faith and commitment to WhiteCoin, will absorb these initial losses. The WhiteCoin Foundation Project pledges to compensate MintPal over the long term for this loss.
Our dev team has expanded to include even more qualified volunteers as well as paid staff who are intimately familiar with the code. Tests are continuing and are going extremely well as per our previous update.
Despite this instance of fraud, the WhiteCoin team remains committed to a community-driven, public and universally exchangeable currency. We will update you once again on our progress by midnight tonight EST.
We continue to discourage wallet use at this time until our update is provided. Its taken us some time to develop a full understanding of what happened, as well as develop a solution therefore, were committing to a schedule of regular updates, in order to continue our tradition of transparency and community engagement after all, you guys have driven this entire project.
With thanks,
Chris Salsman
(mogonzo)
Notes:
We have confirmed the address of the attacker:
http://blockchain.info/address/15KyF65kpMg37CyD2KrKLvoXFFsrhF36SU
http://bitinfocharts.com/bitcoin/address/15KyF65kpMg37CyD2KrKLvoXFFsrhF36SU
I think there are a lot of people, that like me, tend to sit on the sidelines and monitor things from a slight distance. I have kept up to date with this thread, and monitored #whitecoinfoundation as much as two kids and a job (and a wife) will allow.
I was here on "Black Saturday" and watched as people posing as devs spreading all sorts of FUD, and how the BC guys were pissing themselves with glee over WC's demise. That being said, man what a ride this has been! ...and, to see how you and the rest of the team (ever-growing team) of volunteer professionals has rallied around this coin has truly been outstanding. I think it's been this kind of adversity that has rallied this community and it's supporters to such a high degree. It's this sense of community that has me completely locked in to the future of this coin. Will I mine and invest in other coins...of course...but I will always have a part in what goes on here at WhiteCoin. Thank you Dev team, IRC admins, wallet coders, exchange admins, and WC community for what has so far been the most encouraging experience in my dealing with Crypto Currencies. Good Luck!