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Catcoin Forking Issues - Any Insurance Or Reimbursement Provided?


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12 replies to this topic

#1
philmarr

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Hello, during the last forking issue I lost 1,500 catcoins which is a fairly significant amount of time and also money. Is there any reimbursement or insurance provided for these losses?



#2
Bonesoul

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Sorry, the pool already lots on it's own. The catcoin had been problematic for a while and it's not the pool's decision to fork-off or our was in our control. So basically, the catcoin was problematic for a while and it was a known issue, so basically you had taken risks to mine catcoin.



#3
horus11

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You could have suspended mining, like other pools did.



#4
Bonesoul

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That what i was looking for but still cat-network had a pool which developers of cat requested me to run the pool. And it's miners responsibility to read the news & announcements.  See the details here about the issues: https://bitcointalk....9694#msg5249694



#5
horus11

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http://www.reddit.co...the_checkpoint/

 

One of the dev's of catcoin said they send you coins so you can give us some of our losses back?

 

I lost 68 + a lot of other coins who disappeared on me..

 

More info can be found here: https://bitcointalk....opic=441402.720



#6
Bonesoul

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They send the pool 500 coins where the pool has already overpaid users 4000 CAT's. So basically it was to compensate pools negative balance. 



#7
horus11

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So where is our share? Why do those people get coins back and we not?

 

We made support tickets, don't see many others..

 

 

I guess I missed that option where you could ask for your coins back.. Good that other people didn't miss it.



#8
Bonesoul

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It was known for catcoin to be problematic for a while and we had news/announcements describing so. Basically mining catcoin was risky enough and we can't pay for block-chain forked found blocks as they're not real. Though when the pool forked of the correct chain, it over-payed some miners and eventually got a minus balance.  So nothing we can do really in our part.



#9
horus11

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It was known for catcoin to be problematic for a while and we had news/announcements describing so. Basically mining catcoin was risky enough and we can't pay for block-chain forked found blocks as they're not real. Though when the pool forked of the correct chain, it over-payed some miners and eventually got a minus balance.  So nothing we can do really in our part.

 

Funny you got a minus balance, me too!

 

So the dev's send you coins to reimburst us, as you can read in the comments here: http://www.reddit.co...the_checkpoint/

 

but you don't cover the loses of the users as it was intended but only your own...



#10
Bonesoul

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the coin's were sent to cover pool's negative balance wallet. 



#11
evilwhynot

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Love it, lost over 3/4 of my coins! 341~



#12
Bonesoul

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I'm coding a new validation script that will be processing the pools all previous transactions too see if we have any incorrect ones (during the chain-fork times) and will be fixing them. Will be updating you guys once it's done.



#13
evilwhynot

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Thank you Bonesoul.






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