BlogShare is only a few days old and I've already managed to find the biggest hole on in it. It was a simple oversight on Seyed's part that meant people could sell/buy negative amounts of shares.
It doesnt look like much of a problem at first, but then when you really think about it, it allowd you to buy a negative amount of shares with money you dont have. What immediately came to mind was, "Buy some negative shares in a stock that is bound to go up within minutes and have a negative portfolio... then as soon as it goes up, offload the stock thereby making money"
It worked[1] a treat. Now somethnig else i'm worried about people exploiting is the ability to buy shares with a zero value, thereby paying nothing for it. As at now, BlogShares doesnt allow you to search and return only blogs with $0 share prices but if you look hard enough you can find a bunch.
I'm testing it now by linking to those blogs with a current value of 0. The value of an outgoing link on here right now is $17.37. But it would fall after i link to this site, that i've bought 3032 shares in (for nothing). Even if it increases the value of that blog by a penny, i should make $30. Remember... cheating isnt good.
Author: Remi
Date/Time: April 4, 2003 11:59 AM
Email: soul_retro@yahoo.com
URL: http://www16.brinkster.com/soulretro/
Good tip...
I'm worth about $600 and have 0.69 in my bank. I'm dead broke.
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Blogshare Bombing
Habe bei Blogshares zufällig diesen User gefunden. Er berichtet über diverse bugs im Blogshares System. Hoffentlich ist das nach der ersten Anlaufphase abgestellt. Damit es ein fairer Markt bleibt.
Site: The Playground
Date: April 4, 2003 3:05 PM
URL: http://playground.verpixelt.de/index.php?p=226