Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares // Launched search engine @lill.com
I would like to hear what Kosmost and Shaun have to say on the matter. So far there has been no official word from either of them about this here.
The announcement of this 'maybe/may not be' attack caused a significant dumping of coins while it was trending up again. That is not acceptable. The threat should have been proven beyond reasonable doubt before making a public announcement (on both here and reddit I see) and it should have been accompanied by proof for all to verify.
By all accounts it would appear that the threat had already abated before the members posted their announcement - all the more reason to privately inform Kosmost of the concern and let him handle it.
There are ways of dealing with things like this professionally, and although I'm sure the members who posted had no ill intention - it was not professional.
The announcement of this 'maybe/may not be' attack caused a significant dumping of coins while it was trending up again. That is not acceptable. The threat should have been proven beyond reasonable doubt before making a public announcement (on both here and reddit I see) and it should have been accompanied by proof for all to verify.
By all accounts it would appear that the threat had already abated before the members posted their announcement - all the more reason to privately inform Kosmost of the concern and let him handle it.
There are ways of dealing with things like this professionally, and although I'm sure the members who posted had no ill intention - it was not professional.
A double-spend attack appears to have been stopped in its tracks by the good folks at MintPal. At this time there is not much else to say, other than the team and I have been actively discussing how to make Karma even more secure.
We are always looking to spread the hash with the mining community as a matter of network health. The announcement today was good reason to remind us. It may have caused a bit of dumping, yes, but more than likely a whale-type took advantage of the "news" and made the market panic a little, to their advantage (which happens a bit too often in crypto).
There is nothing else to be concerned with at this time. However, we should be making an announcement regarding an improved algorithm for Karma shortly.
Our coin is healthy, our market is heatlhy. We are still on a path to BTC pairing, and still on track with everything else.
The more our community helps us get there, the better
