Block #22431 (129B OC Output) Case

Here we will post all original accusations and arguments people who hate onecoin wrote all over blogs and comments. We will deeply analyze, dissect and answer everything with objective arguments. People will be left to decide which arguments are more logical and true to them
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Igorkrnic
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Block #22431 (129B OC Output) Case

Post by Igorkrnic » Sun Jul 16, 2017 12:59 am

I would like to address one topic that actually evolved :)

On zoom meeting that we were challenged by Onecoin Haters (tm) the first question from them was block #22431 that had the output of 129 Billion onecoins. According to them, that was a proof that Onecoin has no blockchain since it was supposed to have 120Billion coins cap. They stated (Tim Tayshyn) it was due to human error that manipulated SQL, blockchain could not make such error cause it is accurate.

Here is a screenshot of that block.
Image

Back then, we did not investigate deeply where did 129B OC output come from cause the point of their statement is that output showed an excess of 9 Billion coins over the blockchain cap so it was proof to them that blockchain does not exist.

Our response to that was that this also happened in Bitcoin blockchain back on August 15th 2010.
Image
block 74638 contained a transaction that created 184,467,440,737.09551616 bitcoins for three different addresses.[1][2][3] Two addresses received 92.2 billion bitcoins each, and whoever solved the block got an extra 0.01 BTC that did not exist prior to the transaction
So there was also a block in Bitcoin blockchain that had output of way more coins than a cap. Cap was 21 Million and output was 184 Billion.

So they were quiet after this response for almost 2 months and now they have some new geek who states that Onecoin block #22431 was not value overflow cause that block contains the same 70 transactions that make no sense to them and out put is 129 Billion coins. This time, they simply do not understand what are those transactions.

First of all, we never stated that Onecoin block #22431 was value overflow, we just "defended" output greater than blockchain cap as it also happened in one block with Bitcoin cause that was their "proof" that Onecoin has no blockchain.

But now we will see what was actually going on in that block and previous and next blocks also ;)

This is direct link to that block. Log in to onelife.eu is needed.

We can see in above picture that block #22431 contains 71 txs. 1 was standard 50000OC block reward. 70 transactions are transfers of some OC from one address to another. Let's analyze it:
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We see that there are 70 transactions that use one address as an output in one transaction and then used it as input in another transaction. That is how UTXO (unspent transaction output) works.
All 70 transactions were transferring a similar number of Onecoins: 1 845 871 xxx.xxx, so around 1.845 Billion. The last three digits are different.

This shows that WAS NOT the same transaction over and over cause we clearly see some pattern:
Address 9UKrEMszU14JQqg3XUff48E4QjisgtRfAz outputs 1 845 871 196.64682698 ONE to 9ctjkoorMrx24A5gxQBVE5b33r1E6BfYEX with 1 845 868 969.67460465 ONE and small part at address 9bwXn2YtZu19dVCpCGdqD3VV55nuDzx923 with 2 226.97222222 ONE
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In the next transaction, address 9UKrEMszU14JQqg3XUff48E4QjisgtRfAz is used as input of 1 845 871 196.64682698 ONE but new address is used for output 9hqhXVUQWRMH3eie9ka9oKwszPNxXhC37X for 1 845 871 438.39682698 ONE
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Also we can see that every two transactions "small" input amount is made at the same address and sometimes amount is the same
Image

This pattern happens in all 70 transactions in the block, around the same 1.845 Billion coins were transferred from address to address where output is used as input in the next transaction. What has been done here? We have no clue. Not me, not you. Did they test something, move coins arount, we can not say. I am sure they know it ;)

When we multiply 1.845 with 70 transactions we get around 129Billion that was actually Block output cause in this block, roughly the same 1.854Billion OC was transferred from address to the address making 129Billion coins output and we can see that has nothing to do with blockchain CAP. That is simply total that was output and this was clearly done by the company, not the users. This is the centralized system you know...
If we know that by block #22431 around 1.12 Billion coins were mined, add 1.98Billion from the genesis block it makes total 3.1Billion coins in existence, seems like transferring 1.845 Billion coins around the addresses for what ever reason is nothing strange and impossible right?
Maybe those 1.845 Billion coins were owned by the company, called main pool and the rest were owned by users. Just a thought, an opinion.

But this is not limited just to this block. You can click on previous or next blocks, many of them, they all have around 1.845 or 1.846Billion OC transactions except they did not have as much as 70 transactions but fewer so the output of those blocks were around 100 Billion or less.

I will make screenshots of 3 previous blocks and 3 next blocks to the block #22431:

Previous Block #22430 had 56 txs with Total output of 101 567 654 541.64833069 ONE
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Previous Block #22429 had 52 txs with Total output of 94 201 256 175.90525818 ONE
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Previous Block #22428 had 56 txs with Total output of 101 620 594 013.00788879 ONE
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Next Block #22432 had 62 txs with Total output of 121 806 012 754.25962830 ONE
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Next Block #22433 had 58 txs with Total output of 105 176 897 640.39680481 ONE
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Next Block #22434 had 65 txs with Total output of 118 067 096 256.81617737 ONE
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I don't know how many blocks are participating in such doing. But this is clearly not isolated block error.
Looks to me this is not an error at all. It is something intentional. We can not know what cause we have no access to the tech.

But I know for sure what this isn't. This is NO proof that Onecoin has no blockchain. This is clear proof that we can not know how blockchain works and what tech it is using. So it is once again pointed how subjective those haters who "probe" the blockchain are.
All those assumptions and personal opinions of something they don't understand and have no access to.

CryptoXpose
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Re: Block #22431 (129B OC Output) Case

Post by CryptoXpose » Sat Jul 22, 2017 1:28 am

Please explain how do you transfer 129 billion coins within *one* block. This should not be possible because transfers should be verified until it can be transferred again, which is not happening within 1 single block.

Are you unable to see the problem here?

Igorkrnic
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Re: Block #22431 (129B OC Output) Case

Post by Igorkrnic » Sat Jul 22, 2017 6:06 pm

Well, it might not be possible in Bitcoin slow blockchain? Your point is agreed but also you need to understand that you can not limit knowledge on Bitcoin slow blockchian and apply it to probe others especially closed ones. You can clearly see that bitcoin is struggling to improve its blockchain.
Also, decentralized confirmations are very slow and that is the part of why it would be impossible to transfer that many bitcoins.

Here, you can clearly see those are roughly the same 1.845B coins transferred from one address to another. They surely know what they were doing. Maybe they tested blockchain power. I can not say. But they managed to transfer 100-129B coins per block in who knows how many blocks.
I say that is a good thing considering they want to serve the mass market.

CryptoXpose
Posts: 268
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Re: Block #22431 (129B OC Output) Case

Post by CryptoXpose » Sat Jul 22, 2017 9:23 pm

It has nothing to do with how fast or slow the blockchain is, but the whole concept. You have cap of 120 billion coins (which is not even in circulation).
Then inside 1 block you transfers total of 129 billion coins. But how you can verify this many coin transfers inside 1 block, if transfers need to be verified in a block before coins can be transferred again, like the concept is among cryptocurrencies. You verify over the 120 billion coin cap of transfers inside one block. It's like verified double spend here.. But you see no problem..

Your answer is: "it's a good thing, they must have really special blockchain and know what they are doing".
Ok... :roll:

Igorkrnic
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Posts: 465
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Re: Block #22431 (129B OC Output) Case

Post by Igorkrnic » Sun Jul 23, 2017 2:24 am

Again, if it is impossible to confirm that many transactions in Bitcoin blockchain, that does not mean that it can not be achieved in different technology. As I said in the whole post, we can not know what did they do and how did they achieve it. But we can not go around and say something does not exist just because it is not understood by Bitcoin...

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