Topic: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork) (Read 101055 times)

freeworm · « **on:** August 16, 2014, 06:49:14 pm »

Update: Aug. 17 2014: As you can see in our wallet, We have got most NXT back except the last 8m. The hacker disappeared again before we finish the new deal with him. We are still working on it for the left 8m. Will keep you updated.

-------------------------------------

Hello everyone,

I won't repeat all the regrets we have and I just let you know the thee solution we can do:

1) Another 200 BTC offer to the hacker from Bter to get back the left 46m NXT
2) 310 BTC bounty (including the 110 BTC we sent to the hacker already) from Bter for hunting him
3) Fork using Jean-Luc 's v1.2.5f at

https://nxtforum.org/nrs-releases/nrs-v1-2-5f/

we cover users loss and promise to invest 200 BTC on NXT if this fork win

In new fork the hacked account is blocked so he won't dump any NXT to anywhere.

We have to win the 1.2.5 network before block 213000. Now 1.2.5 is at 211035, 1.2.5f is at 210440 .

If we win, Jean-Luc will integrate it into the main release.

Please check Jean-Luc's explanation on this fork at:

https://nxtforum.org/index.php?topic=4444.msg84391#msg84391

You don't have to choose one of them.
In the first place, if the hacker agree we can do the first solution and give him 200 BTC for the left NXT.
If not, people who catches him get the 310 BTC bounty if we stay on 1.2.5 network

Fork is an option. We can call off it if one of the first two works, but we have to do it now if we want to win.
I encourage everyone to run the 1.2.5f now to make sure we still have a choice if the first 2 solutions wouldn't work.

Hacker, if you want to take the 200BTC deal, please send us NXT messages. We can do it 20 by 20 this time but you go first. Or we can do is with escrow by Come-from-Beyond or someone we can all trust.
Come-from-Beyond, would you please post a escrow NXT address you hold for receiving the hacker's NXT? We will send him 200 BTC when you get the 46M NXT. You can return all the NXT back to him if we failed to do it.

If you 1.2.5f doesn't sync, use this trick:

edit this file:
nxt/conf/nxt-default.properties
find
maxNumberOfConnectedPublicPeers
set it to 1000 or more so that you can see all the nodes

We need NXT coders for the next release. Please contact us if you are and willing to help.

Best,
Lin @ Bter

S3MKi · « **Reply #1 on:** August 16, 2014, 06:52:52 pm »

i'm in. let's do it 1.2.5f

edit: but i think 200btc to hacker better if you and he will make deal fast and we will not wait till 213000.

Come-from-Beyond · « **Reply #2 on:** August 16, 2014, 06:52:59 pm »

I propose free escrow service to do option 1.

This is how it should be done:

1. I publish my BTC and NXT accounts
2. BTER sends 200 BTC to my BTC account (after that it doesn't control these coins)
3. We are waiting for a reply from the hacker (24 hours), the reply must be a public message with his BTC account from NXT-8WJ7-8A2H-MBYN-3W9K4 to my NXT account
4. The hacker sends 46'662'000 NXT to my account
5. I send 200 BTC to his BTC account
6. I send 46+ M NXT to BTER cold wallet that already got 5 M NXT

So, if the hacker trusts me we could do it this way (the 200 BTC are not mine anyway if he worries that I could break the deal).

wesley · « **Reply #3 on:** August 16, 2014, 06:53:51 pm »

Option nr 1 is the only viable option.

domsch · « **Reply #4 on:** August 16, 2014, 06:56:55 pm »

Quote from: wesleyh on August 16, 2014, 06:53:51 pm

Option nr 1 is the only viable option.

That or option Nr. 2. Maybe there is still hope to track him down.

But I'm voting for option 1. This is the only way for bter to stay alive in this situation. This time let someone else handle the negotiations though.

Cassius · « **Reply #5 on:** August 16, 2014, 06:59:03 pm »

1.

Edit: Are you in contact with the hacker? If not, then 2 makes more sense.

Fatih87SK · « **Reply #6 on:** August 16, 2014, 07:01:08 pm »

I choose 1.

Because that's the only way to win credibility and a little bit trust from the customers of Bter.

Bter will lose some money, but it will be a win - win situation after a while.

Other choices are risky and can hurt NXT as a whole. And NXT isn't guilty at all.

But. This time we need something like an escrow!

bidji29 · « **Reply #7 on:** August 16, 2014, 07:02:33 pm »

i will forge on 1.2.5f to put pressure on the hacker to accept the deal

LiQio · « **Reply #8 on:** August 16, 2014, 07:03:52 pm »

Quote from: Cassius on August 16, 2014, 06:59:03 pm

1.

Edit: Are you in contact with the hacker? If not, then 2 makes more sense.

That's a question that needs to be answered.

cobaltskky · « **Reply #9 on:** August 16, 2014, 07:04:06 pm »

Quote from: wesleyh on August 16, 2014, 06:53:51 pm

Option nr 1 is the only viable option.

Agreed. Sticking with 1.2.5 vanilla.

coolfish · « **Reply #10 on:** August 16, 2014, 07:05:36 pm »

I choose 3.
but keep do Option nr 1 and 2

Coradan · « **Reply #11 on:** August 16, 2014, 07:06:16 pm »

Vote for option 1, but I am going to start forging in 1.2.5f

sava0123 · « **Reply #12 on:** August 16, 2014, 07:07:34 pm »

I remember times when there were only two devs working on NXT - BCNext himself and CfB. I also remember times when releasing 3 clients per 24 hours becuase of bugs were absolutely normal. I remeber times when there were less then 10 nodes to support whole network and people were checking with each other what #block they have in their clients to not get on fork. I remember times when it was just enough to hear words from CfB "Guys, we need to go on new fork with 0.X.X NRS client" because of some bug to do it. And noone were yelling about centralization and other shit. And now you refuse to go on fork for save your own money just because of what exacctly? What changed since that times? Concider this theft as a crritical bug in core. And what about BTER offering to invest 200BTC in NXT? Still not enough? You would rather give that away to the hacker? What is fucking wrong with you people?

blackyblack1 · « **Reply #13 on:** August 16, 2014, 07:08:21 pm »

Quote

310 BTC bounty

If you want to hunt down the atacker start giving information about him to the community. IP address from bter logs, timezone, messages from him not shown in blockchain.

freeworm · « **Reply #14 on:** August 16, 2014, 07:08:40 pm »

reserved

S3MKi · « **Reply #15 on:** August 16, 2014, 07:09:08 pm »

freeworm are you in contact with hacker? what does he think about deal(200btc)?

cobaltskky · « **Reply #16 on:** August 16, 2014, 07:09:35 pm »

Quote from: blackyblack1 on August 16, 2014, 07:08:21 pm

Quote
310 BTC bounty
If you want to hunt down the atacker start giving information about him to the community. IP address from bter logs, timezone, messages from him not shown in blockchain.

We need to get this information out to push pressure on TheSir.

RGBT · « **Reply #17 on:** August 16, 2014, 07:09:40 pm »

I am in! let's us use 1.2.5f.
We must support bter, as they supported our community in case of problems with Klee.
No chance for thief.

joefox · « **Reply #18 on:** August 16, 2014, 07:09:52 pm »

Quote from: wesleyh on August 16, 2014, 06:53:51 pm

Option nr 1 is the only viable option.

+1 for option one.

Sorry, Lin. Use better security when handling other people's money.

nextcafe · « **Reply #19 on:** August 16, 2014, 07:10:14 pm »

I lost nearly all my NXT on bter, a little more than 18,000.

I know that's chump change to many of you, but that was the beginning of an investment I wanted to dollar cost average into.

Being in crypto since 2012, I'm aware that exchanges are not the safest place, but I saw no reason to transfer relatively small amounts of NXT after every purchase especially given those transaction fees.

So, the amount I had was based on holding it on bter for around 2 weeks while collecting daily interest. Once I figured out the MGW and had the client running on my main PC, I planned to transfer around 30 to 50k once the prices stopped it's down trend, and keep only a few thousand on bter in the next few weeks or so. So what I thought was good timing is looking like bad timing.

I want my money, but I don't want the Nxt ecosystem to be messed with because an exchange screwed up. It's only going to further devalue Nxt if we do so.

The first time I payed attention to Nxt was after Gravitons mistake and that was only because I enjoy the fuckery over at Bitcointalk. When I really looked at this and saw what it was, that not only wasn't it a scam, but it was quite frankly better than everything else out there, I was floored and truly excited.

Nxt is amazing and that makes it a threat to the POW hardliners, but more so to the other 2.0 options tied to corporate entities.

So let's move on with development and apply kindly or forceful pressure to the hacker to send back the funds.

Option 1 or Option 2

News:

Author Topic: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork) (Read 101055 times)