poll: Where should 30k GRC from various hacking attempts go

[tomasbrod]

Description: Use TomasBrod accumulated non small amount of real gridcoins from various exploit testing (note: not the 1M hack). Funding foundation with hacked coins may be concerning. Burning increases scarcity and may help price of GRC.

Options:

• Burn them.
• The foundation
• Public Faucet
• Use as development bounties
• Rain, based on mag at the time of the hacks
• Abstain

Notes: Please reword and modify or add options as you wish. Also @gridcoin now asked me to return to foundation, not that I don't want to, but some users in Slack raised concerns that funding the Foundation might not be clean / fair / good for PR.

The Rain option requires significantly more work to execute than the other options. Dumping to the faucet seems as pretty close and easy alternative to rain.

45

[bryhardt]

I would assume the hacked coins would have been distributed via POR? Therefore they could be distributed via project rain?

[pwnorbitals]

What about using them as bounties for important gridcoin tasks ? It would reward people who work towards making grc better

[Lenni]

I agree with @MagixInTheAir Everyone would profit from a better Wallet. Also 30k spread among all the researchers and investors, would only be a few Gridcoins for the individual.

[ghost]

I would like to see them burnt but how do we prove no one has access to the burn address.

[tomasbrod]

The burn address is S67nL4vELWwdDVzjgtEP4MxryarTZ9a8GB. If there is private key for this address, then we have a serious problem.

[tomasbrod]

I did not add "Rain" option, as I don't know how to do a proper rain. Giving them as development bounties is little absurd, but hey, added as option. Also added Abstain option.

[ghost]

I don't like the idea of raining it. Why should big crunchers get GRC that shouldn't really exist? Or should it exist? Did generating that GRC reduce the amount generated for researchers?

[denravonska]

I am all for raining on crunchers. Fetch the superblock before the time of the hack and use that as a base of distruting. Exclude kikipope.

[dc7dgrid]

Using as bounties for development would help all of Gridcoin the most I think, raining would only help the big ones.

If a burn address would be needed, I would have one here: SDoNotSendYourCoinsHereXXxxxw598fo

[pwnorbitals]

@tomasbrod Why do you think using as dev bounties would be absurd ?

[tomasbrod]

Added: The Rain option requires significantly more work to execute than the other options. Dumping to the faucet seems as pretty close and easy alternative to rain.

@MagixInTheAir I can't explain it.

You see? We can't reach a consensus here in the comments. That is why a poll is for.

[pwnorbitals]

:+1: for a poll

[Erkan-Yilmaz]

I've created the poll now (14 days duration), see

• here

[ghost]

There is another option. Let Tomas keep it since he fixed he spotted and fixed the exploit.

[denravonska]

@3ullShark @tomasbrod will be paid by the hour for the work done.

[QuaxEros]

@tomasbrod: May we know what your personal preference is, and can you motivate it? edit: (And thnx @denravonska for the poll's url)

[denravonska]

@QuaxEros He already voted Burn+Faucet. See here: https://gridcoinstats.eu/poll/where_should_30k_grc_from_various_hacking_attempts_go_to?

[gridcoin]

I thought he hacked 70,000 grc total? What is the total?

If these coins are burnt, someone has to check the txid to ensure they went there. I like dc7ds burn address. Btw, the client can make a burn address also (but no need to do that as we have one above).

[tomasbrod]

The poll ended today with 62.916% (23M4) for Burn, 28.7653% (10M7) for Bounties. I am very satisfied for how the poll ended. I expected higher votes for the Faucet/Rain and much lower for Bounties. I will be sending the Trx later today.

[tomasbrod]

Burn Transaction: 21b432

and extra donate from my own grc: 5d099c

[Erkan-Yilmaz]

poll result here