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3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork) singapore
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Author Topic: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)  (Read 103478 times)

Peter2516

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #60 on: August 16, 2014, 07:47:12 pm »


We are considering forging for 1.2.5f though with 29M.

Do it and you will lose customers for sure! :o
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pt7

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #61 on: August 16, 2014, 07:47:28 pm »

Option 1. But the hacker needs to send the first chunk, since he owes from the previous round.

If no agreement, then option 2, and this option is starting to look better and better.  I wonder if BTER can implement some type of voluntary commited pledge of NXT from anyone that has NXT in their account.  This commited amount can be used to sweeten the pot.
   
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gperez2000

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #62 on: August 16, 2014, 07:48:04 pm »

New fork has to be the way to go, the hacker is stealing what doesn't belong to him and luckily there is a way to get it back but why only BTER and not the 100's of people that had money stolen from their wallets too, nobody has done anything for them. If we allow the hacker to keep this it will a green light for others. But it has to be a way to legitimize real transactions and reverse stolen goods for anyone in the crypto coin community., otherwise very soon cryptos will fail.
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wesley

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #63 on: August 16, 2014, 07:48:08 pm »

DGEX, what safety procedures do you have for these coins? You are forging with them means you are not putting them in a cold wallet, or are they leased?

Are you keeping all these coins in 1 (point of failure) account and access it from a single computer?
« Last Edit: August 16, 2014, 08:00:16 pm by wesleyh »
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gck

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #64 on: August 16, 2014, 07:48:41 pm »

Btw those that support option 1 should also open their clients ( 1.2.5 ) and increase nodes for it.

Open and running...

Also...how do we know this isn't an inside job?  Amazing that this happens with several new NRS releases out and the DGS very close... ::)
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rtrtcrypto

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #65 on: August 16, 2014, 07:51:35 pm »

I think option two needs to be bumped up with funds from the 45 million.

Say, everyone takes a 20-25% loss (much better than 100%!!!).

Deal would then be:

300BTC bounty + 9.5 million NXT (or so) Maybe some big players would join in on the hunt? All of the sudden, 300 BTC CLEAN looks very very good for the hacker. 





Option 1. But the hacker needs to send the first chunk, since he owes from the previous round.

If no agreement, then option 2, and this option is starting to look better and better.  I wonder if BTER can implement some type of voluntary commited pledge of NXT from anyone that has NXT in their account.  This commited amount can be used to sweeten the pot.
 
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coinomat

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #66 on: August 16, 2014, 07:56:06 pm »

If you want something from NXT community you should stop NXT trading at your exchange RIGHT NOW.
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joefox

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #67 on: August 16, 2014, 08:01:09 pm »

All of my stake is forging on 1.2.5 and it will stay there. I fired up my client and set all my accounts to forge in order to reinforce the current state of the blockchain.

I feel awful for people's losses, but reorganizing a blockchain to correct someone's mistake is a terrible, terrible idea.

1.2.5 FTW, and go with option one. If there is no cost to BTER's lack of strong security procedures, there is no incentive for them to smarten up.
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rckrck123

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #68 on: August 16, 2014, 08:02:05 pm »

rewriting btc blockchain for mtgox was not practical.

but here it is practical. also its just the theft transaction that will be modified in blockchain

'Blockchain integrity' argument is correct but you also need to consider that new users and some of the existing NXTers will go away as they would feel let down by the community.

Apply the 'Too big too fail' theory' and implement JL's patch.

What BTER would pay for this can be discussed later but they should pay a fine
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eimon

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #69 on: August 16, 2014, 08:02:45 pm »


The MGW should be THE place to go to trade NXT for anything else.  Period.  That was the entire reason it was created...to AVOID situations like this!

+1.

Negotiating with the hacker is the short-term solution to this problem, but MGW is the long-term solution and the way to make sure it doesn't happen again (both for NXT and for all other cryptos).

Please devs, make sure MGW stays online.
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S3MKi

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #70 on: August 16, 2014, 08:02:49 pm »

no answer from hacker? i launch 1.2.5f but you bter will kill nxt.
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freeworm

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #71 on: August 16, 2014, 08:05:18 pm »

If you want something from NXT community you should stop NXT trading at your exchange RIGHT NOW.

stopped already days ago. it's from the old.bter.com but we have shut it down
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Eadeqa

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #72 on: August 16, 2014, 08:05:40 pm »

Maybe the hacker paid to those people to vote against it.

This clown shows up and posts a brilliant theory. Yeah, the hacker "paid" all forgers" to use old version. Makes perfect sense. Why didn't we think of that brilliant insight before?
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LocoMB

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #73 on: August 16, 2014, 08:06:44 pm »

does splitting NXT seem like a good idea to anyone? because an exchange used a shoddy lock on their customer deposits?
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rickyjames

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #74 on: August 16, 2014, 08:09:22 pm »

I think option two needs to be bumped up with funds from the 45 million.

Say, everyone takes a 20-25% loss (much better than 100%!!!).

Deal would then be:

300BTC bounty + 9.5 million NXT (or so) Maybe some big players would join in on the hunt? All of the sudden, 300 BTC CLEAN looks very very good for the hacker. 


I would rather permanently lose all 450K NXT I have in this mess rather than pay the guy that started it 1 NXT more.

He has run off with 45M+ NXT AND 100+ BTC he was ALREADY paid to GIVE IT ALL BACK. 

You trust him to do what we want by giving him 300 BTC more?  Why?

Negotiation is not possible without trust and this guy has none of mine.  He should have none of yours.

Throwing losses onto NXT owners that trusted Bter to use braindead levels of account security is not an option.  Once the NXT community decided to keep the blockchain intact, it became 100% Bter's problem.  Time for them to sink or swim.

The real answer is to chase this guy across cyberspace and dox him and then reaccess where we are as a community once we know his real name and where he sleeps at night.

You want to still do a payoff, then it's live via a webcam with a briefcase of cash and lots of heavies behind it and he has to type in the transfer code for all 45M NXT before he touches the briefcase.

Come to think of it, the price of NXT would probably go up that day.
« Last Edit: August 16, 2014, 08:14:11 pm by rickyjames »
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RGBT

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #75 on: August 16, 2014, 08:10:04 pm »

Consider also this: many small investors had your NXT on BTER, if they do not have all your Nxt available, there is here, in Nxt community, only big whales.
At least, the community will lose very many disappointed Nxter.
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Cyclone

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #76 on: August 16, 2014, 08:10:34 pm »

Option 3 can, and should, be ruled out at this stage. My own particular preference would be option 2, in order to see the hacker not profit from his crimes. That being said, option 1 may offer Bter users a better chance of being reimburst for their loses. Perhaps it might be advisable to pursue both options 1 and 2 at the same time, in order to put more pressure on him.

Perhaps all available data on the hacker could be published here, on bitcointalk, and on reddit to see what information can be turned up on him in the meantime. If  there is any decent chance to get him, pursue option 2 to hopefully make an example of him, and deter the next hacker.
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eimon

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #77 on: August 16, 2014, 08:14:44 pm »



I would rather permanently lose all 450K NXT I have in this mess rather than pay the guy that started it 1 NXT more.

He has run off with 45M+ NXT AND 100+ BTC he was ALREADY paid to GIVE IT ALL BACK. 

You trust him to do what we want by giving him 300 BTC more?  Why?

Negotiation is not possible without trust and this guy has none of mine.  He should have none of yours.

Throwing losses onto NXT owners that trusted Bter to use braindead levels of account security is not an option.  Once the NXT community decided to keep the blockchain intact, it became 100% Bter's problem.  Time for them to sink or swim.

The real answer is to chase this guy across cyberspace and dox him and then reaccess where we are as a community once we know his real name and where he sleeps at night.

We don't have to trust the thief to buy back the NXT. We just have to be careful about how the trade is done. Bter should have used an escrow or insisted that the thief send first.

The trade could be done with a reputable escrow, or insisting the hacker send first. It should also be broken down into multiple trades. Definitely don't send all 200 BTC at once, before hacker sends the NXT.
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RGBT

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #78 on: August 16, 2014, 08:14:55 pm »

Why? Dgex has been forging from beginning, I think.
No, just occasionally unintended.

We are considering forging for 1.2.5f though with 29M.
Bravo graviton. Thank You!
I will still stay invested in your assets and buy/sell on dgex.
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rickyjames

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Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #79 on: August 16, 2014, 08:16:24 pm »

We don't have to trust the thief to buy back the NXT. We just have to be careful about how the trade is done. Bter should have used an escrow or insisted that the thief send first.

The trade could be done with a reputable escrow, or insisting the hacker send first. It should also be broken down into multiple trades. Definitely don't send all 200 BTC at once, before hacker sends the NXT.

I want to know who this guy is in real life before he is "rewarded" with another satoshi.  Now that the blockchain is frozen, there is no rush.  Take a few days to ID him before you start shoving cash at him as fast as you can anonymously.
« Last Edit: August 16, 2014, 08:20:28 pm by rickyjames »
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