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F2Pool Allegedly Prevented Users From Investing te Status ICO – The Merkle

F2Pool Allegedly Prevented Users From Investing in Status ICO - The Merkle

Ter the world of cryptocurrency, wij often see allegations of foul play. Most of the time, thesis claims are unfounded and based on nothing but mere speculation. One of such accusations revolves around F2Pool and the Status ICO. Some people rechtsvordering the mining pool bought intensely into this ICO and prevented the surplus of Ethereum users from doing the same. It’s unclear how much truth there is to thesis allegations, but it is problematic.

What is F2Pool Involvement ter the Status ICO?

That is the question on a lotsbestemming of people’s mind right now. It is overduidelijk something wasgoed amiss during this entire ICO, spil a loterijlot of investors simply could not get through. More troubling, they couldn’t even get their transactions confirmed on the network. At very first, this wasgoed blamed on a major network backlog, but it shows up said backlog may have bot created deliberately.

It is significant to note the following evidence is only speculative right now, yet it paints a worrisome picture. According to one Reddit user , the Status ICO wasgoed tampered with by none other than F2Pool. The team has allegedly created different ETH addresses, all of which were funded with around 100 ETH each. Once thesis transactions were finished, only tx from thesis addresses were mined by F2Pool. This evidently began half an hour before the ICO.

Once the Status ICO officially began, the very first block discovered by F2Pool included all transactions from the addresses they allegedly created themselves. Considering F2Pool controls 26.6% of the network hashrate, it is overduidelijk they were certainly te a position to successfully spel the system. That does not necessarily mean they effectively did so, yet the “coincidences” are commencing to add up, to say the least.

Unluckily, this type of behavior caused a major punt for the Ethereum network itself. A loterijlot of transactions were stuck, effectively causing the network to slow down. Services such spil MyEtherWallet were caught ter the fire and were incapable to broadcast transfers to the blockchain. This also meant anyone relying on MEW to participate te this ICO had a very, very puny switch to get a transfer through within the allotted time. This type of behavior by F2Pool, assuming it is true, will hurt Ethereum spil a entire that much is overduidelijk.

Many people are taken aback by the evidence introduced to back up thesis claims. Many people would expect mining pools to be unbiased when it comes to cryptocurrency ICOs, but that is not effectively the case, by the look of things. It is also a clear example of how cryptocurrency ICOs on the Ethereum network are ter severe danger of being “gamed,” which will not help anyone. Moreover, this news is fairly horrible for Status too, spil a large portion of their raised capital belongs to one group of buyers.

All of this goes to vertoning there is a lotsbestemming of trickery involved when it comes to cryptocurrency ICOs. When mining pools exploit their position to not only buy large amounts of tokens, but also to prevent others from doing so, things will collapse rather quickly. It is sad to see popular wallet services such spil MyEtherWallet get caught up te this mess spil well. The team is doing what they can, but they are certainly fighting an uphill battle right now.

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