And now, the Smartnodes that they introduced at the same time also has a major vulnerability where certain nodes are getting paid 4,5, and 6 times per day while most others are waiting 14 days for a single payment. Some exploit which allows them to not move out of the queue (i do not know how and they will not say). The rouge node operator(s) are using their additional SMART coins to create more Smartnodes to further take more coins from everyone. Someone did a quick calculation and found that the person(s) is clearing at least 60,000 Smart per DAY with all the nodes (the payments rewards are all getting funneled back into the same address so its easy to track).

The devs are banning anyone who questions this to keep it on the down low on their discord (just as they tried to keep the exploit and rolling the BC back a complete secret from everyone). I really like the project, but the development is either the most unlucky I have ever seen, or they don't know what they are doing. Their PR couldnt be worse especially since they completely botched the Zerocoin/cryptopia mess. I want to give them the benefit of the doubt, but there are 10,000 smartnodes where people bought 10,000 coins each who are all getting screwed and they basically are saying they are going to continue to be screwed for another 2 months. There is about $20,000,000 USD in SMART locked up in Smartnodes currently and the coin only has a daily volume of $195,000.

As the node owners realize it's going to take 15-20 days to get a single reward when it should only take 7, they are going to start to ask more and more questions. Then they will dump this coin. No way they can hold this together for 2 more months.

Just wanted to inform people so at least you can ask questions... Just look at the payouts. Sort by number of payments. I don't even need to explain any further

https://smartcash.bitcoiner.me/smartnodes/payouts/

blockbasher

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