Post
Topic
Board Altcoin Discussion
Re: Bitshares X inflating due to bugs and hacks
by
CoinHoarder
on 03/10/2014, 21:07:00 UTC
The OP issue was detected and corrected within 48 hours by burning our own shares to get back down to the 2B cap.
[...]

 Smiley

As a disclaimer I'll say first that I don't own Bitshares, and maybe I have some big information deficit. But do I get this about right:
You guys just accidentally created yourself some coins. Nobody but some internal group even noticed (wha?!). Then you don't tell, and just change the code so that it's fixed. And I'm about the only one stunned?

If you say that you fixed the bug, so all is well, then I would say you miss the problem.
Which info am I missing when I think any other coin would be destroyed if it would work like that?

This was addressed on the Bitshares forums, just not Bitcointalk. There is a lot that happens in the Bitshares community that doesn't get mentioned over here. We are not like Monero where we feel the need to spam everyone on Bitcointalk about every time Bitshares takes a breath. We have our own very active forum in which most Bitshares discussion takes place. Smiley

There was no attempt to hide this. It was noticed by the community, brought up in public. The Devs admitted there was a bug in the delegate pay rate and burning of fees. They fixed the problem and burned their own shares to make up for it. I don't see the big deal, as the developers ate the cost of the bug themselves.

The title (and possibly the intent) of this OP/thread is misleading as there was no hacking involved, it was a bug. Along with the empty claims of which Tineye has no proof AGS funds are being used to prop up the price.. just baseless speculation which makes me think the OP has some sort of ulterior motive to want the price to go down. Judging from the OPs previous posts, he stated he sold when the price was high and would buy back into BTSX came back down... maybe just maybe he isn't happy the price isn't collapsing like he thought it would and he is trying to make that happen one way or another.