RE: Koin "Hacked" By GPU Mining!
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These hacks have been coming in lately, I guess number one measure was to not spread FUD. i guess they didn't know it would get hacked this early and quickly.
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Yes, I would have frozen the contract immediately to give some time to figure shit out.
Not saying that's the best solution but... probably better than what happened.
Yeah that's probably what they could have done. Hopefully that can still salvage it, I mean
this is not a "hack". If the provided solutions for the PoW algorithms in place are valid, there is nothing wrong with calculating them in any way a miner wants to. The work is done and proven, that is how PoW works.
Using a quantum computer to produce a BTC block in a few seconds calculation time would be no "hack", either. A "hack" would be to use the same quantum computer to factor old bitcoin 1xxxxx address' keys and sign a transaction stealing Satoshi's BTC 😀