3 ms·

Dropping pretty fast now. 20% in last 5-10 minutes it seems

• jstanley 9y ago
  If you can truly create infinite amounts of ByteCoin, the price should quickly go to 0. I'm amazed it still hasn't.
  • deleted 9y ago
    [deleted]
  • mbgaxyz 9y ago
    Poloniex has a duty of care to its customers. Poloniex should suspend the trading of ByteCoin until it can be determined whether or not the bug has been exploited, as some reports indicate: https://www.reddit.com/r/Monero/comments/6buu5j/disclosure_of_a_major_bug_in_cryptonotebased/dhpt1ow/ https://www.reddit.com/r/Monero/comments/6buu5j/disclosure_o... It's surprising that an exchange like Poloniex would allow trading in potentially fradulent ByteCoins to continue. https://poloniex.com/exchange#btc_bcn https://poloniex.com/exchange#btc_bcn However, in Poloniex's defense, they could argue that the security disclosure just 24 hours ago has not given them enough time to respond, and that up until now they were only ever aware of a (fake) DoS bug impacting CryptoNote coins, rather than a critical vulnerability. https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-i... 2017-02-21: The patch is surreptitiously snuck into the Monero codebase in pull request #1744. It is kept secret to prevent it being used to attack other CryptoNote coins. 2017-02-22: A point release of Monero is rushed out so that exchanges and mining pools can update, under the guise of it preventing a RingCT DoS attack (such attack did not exist, but it seemed a fair explanation).
    • jstanley 9y ago
      Poloniex have suspended deposits and withdrawals for ByteCoin (I'm not sure when), although it looks like trading is still active.