Message boards : The Lounge : Gridcoin warning
Message board moderation
Author | Message |
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Send message Joined: 25 Jul 15 Posts: 1 |
Gridcoin is now driven by only one buggy developer. It seems not to be truly decentralized cryptocurrency. Several of buggy releases and several of blockchain snapshots are published by single developer in last few weeks. Developer is just asking people to remove his coin on Poloniex just because they do not compile his new released code fast enough. (He did not even care about security reviews of his code). Developer is also trying to move some coin from foundation wallet to his friend. I do not think Gridcoin is a secure way to share your resource now. |
Send message Joined: 2 Jan 14 Posts: 276 |
While the concept was intriguing, I knew something was suspicious about this one, and never sunk any resources into it. It just sounded too good to be true, and the little documentation provided didn't really convince me of the concept or its security. My Detailed BOINC Stats |
Send message Joined: 13 Aug 15 Posts: 63 |
Gridcoin is now driven by only one buggy developer. It seems not to be truly decentralized cryptocurrency. 400k invalid GRC was dumped on poloniex by a malicious user because the exchange failed to keep up-to-date with mandatory upgrades to the gridcoin client (other cryptocurrencies have fallen victim to this type of attack in the past - Darkcoin on c-cex to name one off the top of my head). Foundation coins were used (after the community voted on whether or not to do this - decentralized voting on important issues at hand) to refund the exchange and thusly the cryptocurrency was not removed from poloniex. New development processes have been implemented to inform exchanges at least a month in advance of mandatory releases now to avoid this scenario from occuring again, and all new development is being thoroughly tested on testnet prior to being pushed to the production network. Care to provide -any- evidence of your claim that he's sending foundation funds to his friends? Because that sounds like a straight-up lie. In terms of security, with the newly developed distributed proof of research and ResearchAge systems, it's far more secure and impossible to cheat now. In terms of Gridcoin being not being a secure method of sharing your resources, that doesn't make sense - it's not an account manager, it rewards users for valid contributions to whitelisted BOINC projects that you choose. The Gridcoin client does not take control of what projects to compute out of the hands of users, that's not a thing. OP has been going around multiple websites spreading FUD instead of participating in development. If I had to bet, OP's the one sending death threats to the Gridcoin dev. |
Send message Joined: 5 Nov 13 Posts: 4 |
Well, the free market doesn't seem to agree with you. https://poloniex.com/exchange#btc_grc And the slimy douche that started this ridiculous thread is a disgruntled member who tried to force his agenda on Gridcoin, but was politely told to go away by the community. While the concept was intriguing, I knew something was suspicious about this one, and never sunk any resources into it. It just sounded too good to be true, and the little documentation provided didn't really convince me of the concept or its security. |
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