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Forgers have been faced with a choice... singapore
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Author Topic: Forgers have been faced with a choice...  (Read 291142 times)

rckrck123

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Re: Forgers have been faced with a choice...
« Reply #620 on: August 15, 2014, 12:52:59 pm »

I invested heavily into CRYPTI on BTER. I'm afraid now.

Me, too..

me too
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Wakasaki808

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Re: Forgers have been faced with a choice...
« Reply #621 on: August 15, 2014, 12:53:20 pm »

Just lost 5000 euro.

Shouldve withdrawn from BTER, I know

Luckily it was only a BTC for me. A week ago it would have been 250,000+ Nxt but I recently moved everything. I don't think we'll see our money again, I think Bter will go bust.

Because they sent 100 btc? Or because they are going to try to refund people?
100 btc wont break BTER lol

its the refund and trust part that's going to bankrupt bter.

yup the $1m or so in NXT which was their top traded crypto before the hack, is now gone from their exchange to the hacker WILL hurt their pockets.
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whale

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Re: Forgers have been faced with a choice...
« Reply #622 on: August 15, 2014, 12:53:36 pm »

Just lost 5000 euro.

Shouldve withdrawn from BTER, I know

Luckily it was only a BTC for me. A week ago it would have been 250,000+ Nxt but I recently moved everything. I don't think we'll see our money again, I think Bter will go bust.

Because they sent 100 btc? Or because they are going to try to refund people?
100 btc wont break BTER lol

I don't think they will be able to refund everyone.
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rjf

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Re: Forgers have been faced with a choice...
« Reply #623 on: August 15, 2014, 12:53:57 pm »

Go for it! If thieves like these get away with this type of crime, it will become the norm and ruin online crypto in the eyes of the as yet informed public. Roll it back...
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Ezravdb

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Re: Forgers have been faced with a choice...
« Reply #624 on: August 15, 2014, 12:54:09 pm »

has the hacker sent any nxt back yet

about 5m NXT I believe. The rest he still has along with all the btc that bter gave in exchange for NXT being returned.

If I were Bter, I would set up a bounty of 5 Million NXT to catch the thief.

Least they could do..

Srsly, telling  his small penis is small? Lmao
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_mr_e

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Re: Forgers have been faced with a choice...
« Reply #625 on: August 15, 2014, 12:54:25 pm »

The hacker agree the deal(100BTC for 50M NXT) because lots of people agree rollback in the beginning.But more and more people start to against rollback, then he doesn't need to continue the deal.

Depends what happens without rollback. Price will likely crater like mad - cashing out will be tough, and he has a crowd chasing after him. Not a great deal either.

If he goes with 100BTC he might actually get some peoples respect... and 100BTC aren't shabby for sure.

Stop storing your nxt on the exchanges, for heavens sake! You hurt all of us when you do so.

Well - BTER did all they could to keep money in their exchange. High withdrawal fees, and interest offers (much higher than forging fee).
Secondly people are also whining about the low liquidity - on NXT in general and on exchanges like HitBTC. Well - you gotta store your NXT there if you wanna trade. So which is it?


I think NXT should get a "lock account" feature - NXT accounts get unusable when the majority of the Stake decides so. That would prevent rollbacks but allow the community to punish hackers.

The MGW is your solution to that trade problem.
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whale

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Re: Forgers have been faced with a choice...
« Reply #626 on: August 15, 2014, 12:54:37 pm »

I invested heavily into CRYPTI on BTER. I'm afraid now.

Me, too..

Crypti is getting dumped HARD.
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Breasal

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Re: Forgers have been faced with a choice...
« Reply #627 on: August 15, 2014, 12:54:48 pm »

Wasn't this 50 million Nxt only in bter's hot wallet? How much is in their cold wallet?

good question...freeworm(Lin)?
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qqNxt

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Re: Forgers have been faced with a choice...
« Reply #628 on: August 15, 2014, 12:55:12 pm »

Just lost 5000 euro.

Shouldve withdrawn from BTER, I know

I lost way more. its my fault to keep in exchange but I was accumulating nxt and bter has the volume. bad day.
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Ezravdb

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Re: Forgers have been faced with a choice...
« Reply #629 on: August 15, 2014, 12:55:48 pm »

Just lost 5000 euro.

Shouldve withdrawn from BTER, I know

Luckily it was only a BTC for me. A week ago it would have been 250,000+ Nxt but I recently moved everything. I don't think we'll see our money again, I think Bter will go bust.

Because they sent 100 btc? Or because they are going to try to refund people?
100 btc wont break BTER lol

I don't think they will be able to refund everyone.

I have already contemplated with the fact that I lost 5000 euro's of my hard earned money, and I am a student
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landomata

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Re: Forgers have been faced with a choice...
« Reply #630 on: August 15, 2014, 12:56:04 pm »

Go for it! If thieves like these get away with this type of crime, it will become the norm and ruin online crypto in the eyes of the as yet informed public. Roll it back...

Why are newbie's arguing for roll back....we did the roll before when Nxt itself was threatened...this is the fault of a centralized exchange with poor security measures.

Ezravdb

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Re: Forgers have been faced with a choice...
« Reply #631 on: August 15, 2014, 12:56:34 pm »

Just lost 5000 euro.

Shouldve withdrawn from BTER, I know

I lost way more. its my fault to keep in exchange but I was accumulating nxt and bter has the volume. bad day.

So sorry man
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Neomadra

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Re: Forgers have been faced with a choice...
« Reply #632 on: August 15, 2014, 12:56:38 pm »

Wasn't this 50 million Nxt only in bter's hot wallet? How much is in their cold wallet?

good question...freeworm(Lin)?

I think they don't have a cold wallet.
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qqNxt

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Re: Forgers have been faced with a choice...
« Reply #633 on: August 15, 2014, 12:57:31 pm »

Wasn't this 50 million Nxt only in bter's hot wallet? How much is in their cold wallet?

good question...freeworm(Lin)?

I don't believe they have a cold wallet for nxt.
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Ezravdb

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Re: Forgers have been faced with a choice...
« Reply #634 on: August 15, 2014, 12:57:46 pm »

Wasn't this 50 million Nxt only in bter's hot wallet? How much is in their cold wallet?

good question...freeworm(Lin)?

I think they don't have a cold wallet.

Maybe for BTC
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lezin

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Re: Forgers have been faced with a choice...
« Reply #635 on: August 15, 2014, 12:58:25 pm »

MGW will be the new standard !
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chanc3r

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Re: Forgers have been faced with a choice...
« Reply #636 on: August 15, 2014, 12:58:31 pm »


I think it was very stupid to cry "no rollback" in this situation ;)
Rollback was a good whip for hacked, loosing it was a mistake :'(

As if you can control group reactions...
Let's not go down the road of blaming each and everyone, please.

An organism when attacked needs to focus and form a coherent response to the threat - to resist or not...
Resistance often involves an active expression of will, no resistance is the result of a lack of cohesion, or a decision not to resist.
Either can lead to the death of the organism... you never know this until afterwards...

It seems we chose no resistance...

This might be a BTER screw up but it is an attack on something NXT needs - its (current) primary exchange.
If we re-establish this volume with another exchange I assume NXT will grow and thrive again.
if BTER fails and we fail to transfer then perhaps we go down with it.
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instacash

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Re: Forgers have been faced with a choice...
« Reply #637 on: August 15, 2014, 12:58:36 pm »

Just lost 5000 euro.

Shouldve withdrawn from BTER, I know

I lost way more. its my fault to keep in exchange but I was accumulating nxt and bter has the volume. bad day.

So sorry man

Argh guys, my condolences :(
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Wakasaki808

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Re: Forgers have been faced with a choice...
« Reply #638 on: August 15, 2014, 12:58:51 pm »

Wasn't this 50 million Nxt only in bter's hot wallet? How much is in their cold wallet?

good question...freeworm(Lin)?

I think they don't have a cold wallet.

Maybe for BTC

I would definitely think bter would have a cold storage btc wallet at the least.
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_mr_e

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Re: Forgers have been faced with a choice...
« Reply #639 on: August 15, 2014, 01:00:44 pm »


I think it was very stupid to cry "no rollback" in this situation ;)
Rollback was a good whip for hacked, loosing it was a mistake :'(

As if you can control group reactions...
Let's not go down the road of blaming each and everyone, please.

An organism when attacked needs to focus and form a coherent response to the threat - to resist or not...
Resistance often involves an active expression of will, no resistance is the result of a lack of cohesion, or a decision not to resist.
Either can lead to the death of the organism... you never know this until afterwards...

It seems we chose no resistance...

This might be a BTER screw up but it is an attack on something NXT needs - its (current) primary exchange.
If we re-establish this volume with another exchange I assume NXT will grow and thrive again.
if BTER fails and we fail to transfer then perhaps we go down with it.

It's obvious that we will need to reestablish on the Multigateway.  Nxt will be stronger for it.
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