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Bookmarking Crypto InsightsThu, 01 Feb 2018 19:18:59 +0000en-US
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3232ShadowFork’s Smart Contract Bug Freezes $1M Worth of Ethereum
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Thu, 01 Feb 2018 19:18:59 +0000https://www.digit.info/2018/02/01/shadowforks-smart-contract-bug-freezes-1m-worth-of-ethereum/Read more]]>It seems Ethereum’s self-sustaining Ponzi scheme has already hit a major roadblock. Even though there was a lot of initial interest in this project, a few spin-offs have been created already. It seems the latest contract, known as ShadowFork, contains a major issue which prevents anyone from withdrawing funds. This also means the contract’s creator is unable to cash out any of the proceeds. It is still an honest Ponzi scheme, but few people are thrilled by this development. PoWHCoin Spin-off Causes Major Problems A lot of Ethereum enthusiasts will agree that using smart contracts for Ponzi schemes is not