Hey all,
I haven't been around much since the last attack but I'll say again what I said last time:
There are NOT 20 mil coins lost, nor were there 20 mil new/fake coins created in the attack. Do you guys even know what a "double spend" is?
Whats happened is, the attacker kept spending coins (Coin2.0) he didn't have by sending them to Mintpal, let's say 1mil at a time, exchanged them for BTC on the market, withdrew the BTC, then altered the Coin2.0 blockchain so it didn't reflect the Coin2.0 deposit, rinse and repeat until Mintpal had lost 20 million Coin2.0's worth of BITCOIN.
This is exactly what happened last time with Bittrex, Bter and Poloniex and we had to make a new coin with extra supply to "refund" the exchanges. At that time, everyone said how nice it was that they helped with the transition. FUCK THAT then and FUCK THAT now!
Mintpal haven't lost any Coin2.0, they've lost a load of their own and their customers Bitcoin and they expect us to pay for their mistake.
Wake up sheeple!!!!
too bad I missed your post the first time you posted it.
This is exactly what I have been thinking.
Remember the price dropping on heavy volume from 1200 - 300 in a day or 2?
Everyone was wondering if the Developer was dumping coins....lol.
Turns out it was a 51% attack. Transaction Malleability of some sort?
Either way, the dumping from the attack was the exchange of C2 into BTC.
Mintpal is holding my coins on my behalf but wont let them go. they have lost BTC due to their low C2 confirmation # risky security measures.
Now we are left to figure out how to pick up and move on. We just need to figure out how to do so.
I have 2.2mill c2 on mintpal.
I believe Joel will find a most suitable solution.