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Author Topic: Forgers have been faced with a choice...  (Read 232315 times)

WolfofCrypto

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Re: Forgers have been faced with a choice...
« Reply #60 on: August 15, 2014, 09:18:40 am »


I agreed if u roll back then it proves blockchain can be played with and nxt will b finished like I sed. Get the exchanges to block nxt trades make the hacketvsweat it out  every1  will suffer but it will kill time to find a solution opposed to rolling back the chain  this is a attack this could b the ultimate ploy to cripple nxt at the end of the day it's the exchange not nxt platform
If it's rolled back, the idea of decentralization is done for. It will be like viacoin. I vote DO NOT roll back, unless it's a NXT bug of course. All NXT has been standing for is done for if rollback is done. Besides, there have been multiple warnings not to keep funds at exchanges.
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Ezravdb

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Re: Forgers have been faced with a choice...
« Reply #61 on: August 15, 2014, 09:18:46 am »

I vote for ROLLBACK. It IS BTers fault no doubt. But it shows that the world of crypto is not that lawless as some would like to make it appear.

Also, BTer will owe NXT BIGTIME!  ;D

0% fees yallll
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yassin54

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Re: Forgers have been faced with a choice...
« Reply #62 on: August 15, 2014, 09:19:48 am »

Marketing disaster. No matter what happens now.

I agree, in all cases this is a disaster for the NXT image...

Not positive for sure. But if this is not just a decision by the developer (as it was in the Viacoin case) but rather by the majority of forgers, then I think it's still the Proof of Stake principle at work.
So maybe not a disaster.

many people watching us ;D ;D ;D

jones

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Re: Forgers have been faced with a choice...
« Reply #63 on: August 15, 2014, 09:19:55 am »

There should be a way to log all of the transactions that have occured since the 50'000'000 break in, we can have the list arbitrarily messaged to each person who made a transaction in this time.

I think bter would be more than happy to cover the costs of this once their moneys back.
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martismartis

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Re: Forgers have been faced with a choice...
« Reply #64 on: August 15, 2014, 09:20:31 am »

Hacker know hacked account passphrase. How rollback will solve this problem?
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TimmyD

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Re: Forgers have been faced with a choice...
« Reply #65 on: August 15, 2014, 09:20:42 am »

FFS
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Ezravdb

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NxtSwe

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Re: Forgers have been faced with a choice...
« Reply #67 on: August 15, 2014, 09:21:25 am »

Please people, before you yell "ROLLBACK", consider:

a) BTER has already posted they will refund
b) consider ALL consequences of a rollback! ALL transactions by EVERYONE will be undone!

I know this is extremely shocking, but let's look at this within the time we have, which is about 600 blocks.

There will be people who do not know about this thread, who have made transactions that will be rolled back.
Until someone presents a solution to what will happen to those transactions I vote against a rollback.

And another thing, all exchanges should not accept any NXT until there is a decision about this matter. A shoutout to BTER (and other exchanges): if you accept NXT deposits now, someone might trade it for BTC and withdraw, and then you'll have to convince the BTC community to do a rollback also.
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marcus03

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Re: Forgers have been faced with a choice...
« Reply #68 on: August 15, 2014, 09:22:17 am »

50 Mio NXt is 1'764'650 US$. I doubt Bter will be able to pay for this.

24 hour trade volume is 55'000 US$ (with most of it on bter actually). Even if bter would need to compensate all other exchanges, it would be much cheaper.

Keep Bter in business for our sake!

Rolback and do it fast, to minimize the consequences.
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abuelau

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Re: Forgers have been faced with a choice...
« Reply #69 on: August 15, 2014, 09:22:38 am »

Hacker just posted a message:

http://www.mynxt.info/blockexplorer/details.php?action=tx&tx=737607765281301757

Message: We can trade these NXT for some bitcoins to make life easier for you, and me.

Meizirkki

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Re: Forgers have been faced with a choice...
« Reply #70 on: August 15, 2014, 09:23:07 am »

Reverting the chain is not the end of NXT, it is a display of power and will by the community.
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GoldDealer

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Re: Forgers have been faced with a choice...
« Reply #71 on: August 15, 2014, 09:24:02 am »

I vote for rollback!
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jones

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Re: Forgers have been faced with a choice...
« Reply #72 on: August 15, 2014, 09:24:21 am »

Hacker just posted a message:

http://www.mynxt.info/blockexplorer/details.php?action=tx&tx=737607765281301757

Message: We can trade these NXT for some bitcoins to make life easier for you, and me.

This guys just taunting us, can we please revert it as soon as possible
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antanst

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Re: Forgers have been faced with a choice...
« Reply #73 on: August 15, 2014, 09:25:03 am »

~50 million NXT has been stolen from BTER.
The money was transferred from NXT-LSC3-VB9T-2W3V-BH7FB to NXT-8WJ7-8A2H-MBYN-3W9K4.
BTER asked Nxt community to help.

Do we have an official announcement from BTER on this?

Quote
The only legit way to do it (without abusing power of developers) is to ask forgers to decide what to do:

Sorry, that's not "legit" in my book. Imagine if the Bitcoin pools suddenly decided to "rollback" transactions when MtGox was hacked. Do you really want me to get into more details into how damaging such a move will be for NXT's credibility?

Quote
U still have time to roll the changes back, after 720 blocks on top it will be too late. U should try to reach Jean-Luc to get NRS version that allows to manually delete recent blocks.

Right, just contact J-L. Who cares about the other transactions that will be lost, just collateral damage...

This is a BTER issue, and a very unfortunate one. They should focus on finding the thief, and refunding their customers. (I also had a small amount of NXT's in there.)

That's all there is to it.
« Last Edit: August 15, 2014, 09:27:20 am by antanst »
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valarmg

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Re: Forgers have been faced with a choice...
« Reply #74 on: August 15, 2014, 09:25:26 am »

Hacker know hacked account passphrase. How rollback will solve this problem?

I guess Bter will immediately sweep the funds to a new account on the first block of the forked chain.

I vote someone contact the thief and get him to return most of the funds (otherwise rollback and he gets nothing). Has anyone tried contacting him via AM? Bter, maybe post a new account for thief to send funds back to.
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yassin54

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Re: Forgers have been faced with a choice...
« Reply #75 on: August 15, 2014, 09:25:34 am »

Hacker just posted a message:

http://www.mynxt.info/blockexplorer/details.php?action=tx&tx=737607765281301757

Message: We can trade these NXT for some bitcoins to make life easier for you, and me.

it saves time

let's go  ;D ;D

Cassius

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Re: Forgers have been faced with a choice...
« Reply #76 on: August 15, 2014, 09:25:44 am »

Hacker just posted a message:

http://www.mynxt.info/blockexplorer/details.php?action=tx&tx=737607765281301757

Message: We can trade these NXT for some bitcoins to make life easier for you, and me.

Meaning what, exactly?
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devphp

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Re: Forgers have been faced with a choice...
« Reply #77 on: August 15, 2014, 09:25:47 am »

Reverting the chain is not the end of NXT, it is a display of power and will by the community.

No, it's exactly the end of the social experiment called NXT and it will mean humans need centralized hand-holding, it means the experiment has failed.
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Vega

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Re: Forgers have been faced with a choice...
« Reply #78 on: August 15, 2014, 09:26:18 am »


This guys just taunting us, can we please revert it as soon as possible

Paying of the thief would be the best soution by far.
But it needs to happen soon, it may be a stalling tactic.
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Fatih87SK

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Re: Forgers have been faced with a choice...
« Reply #79 on: August 15, 2014, 09:26:27 am »

We can't relly rewrite the past in a decentralized system.

We can do it legally within 720-block frame. But the time is passing...

Ok. We have to act fast then.
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