elective-stereophonic
elective-stereophonic
3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 ... 28 29 [30] 31 32 33

Author Topic: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)  (Read 93881 times)

davethetrousers

  • Sr. Member
  • ****
  • Karma: +38/-7
  • Offline Offline
  • Posts: 306
  • Tersonal Pext
    • View Profile
Logged
raspnxt.hopto.org | RPi & Linux stuff | NXT-2UKS-7VYN-Q73Y-EKE8Y

Isildur23

  • Full Member
  • ***
  • Karma: +29/-0
  • Offline Offline
  • Posts: 173
  • Banned!
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #581 on: August 17, 2014, 07:13:24 pm »

Sorry for spamming this thread.

Why didn't he send the remaining 8million?

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.
Logged

Ezravdb

  • Hero Member
  • *****
  • Karma: +42/-12
  • Offline Offline
  • Posts: 910
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #582 on: August 17, 2014, 07:28:06 pm »

Because he is a greedy hacker?

Pretty excited for what will happen today
Logged
head

rstanaford

  • Jr. Member
  • **
  • Karma: +8/-1
  • Offline Offline
  • Posts: 37
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #583 on: August 17, 2014, 07:54:29 pm »

I am largely satisfied by the recovery of about 85% of the stolen NXT, but I still find the role of Bter throughout this saga suspect at best. 

The haphazard throwing of BTC at the thief, the amateurish negotiation tactics, and the scant updates provided (the less information you offer, the less you have to lie about) -- it was the stuff out of the pages of a badly written comic book.

I maintain that the entire thrust behind the theft, whether Bter colluded or not, was to damage NXT as a currency and a philosophy.  If I recall correctly, the desire was expressed to see if NXT would fork.  That stresses to me all the more that the crime wasn't so much a theft as it was a social experiment conducted on the NXT community, because a fork very nearly occurred, but fortunately didn't.  And that raises my suspicions even more, because the time to give the NXT back was when the fork was most likely to happen, because he would never have been able to move it out of the account.  But only after "not rolling back" was a foregone conclusion that he agreed to give up control of 1.6 million worth of NXT for only $50,000 of BTC, with Bter looking like the hero.

No, I'm not buying it.

These are just my thoughts, guys -- the mental meanderings of a closet madman.  But in spite of this week's travails, NXT is coming away even stronger by virtue of yet one more distinction:  The only cryptocurrency that I can recall which has managed to recover 85% of funds stolen after a breach.

Usually, that number is zero.  Why wouldn't you use NXT now?

Never have I been more proud to be a member of the NXT community.

NXT Acct: NXT-6FC9-DGWA-XHFN-765BS
« Last Edit: August 18, 2014, 01:52:16 am by rstanaford »
Logged

WolfofCrypto

  • Full Member
  • ***
  • Karma: +21/-215
  • Offline Offline
  • Posts: 220
  • If you accuse me,Make sure your right 1st
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #584 on: August 17, 2014, 07:58:21 pm »

I have said way back in history a legal aspect should be brought into this and checked out by a 3rd party


I am largely satisfied by the recovery of about 85% of the stolen NXT, but I still find the role of Bter throughout this saga suspect at best. 

The haphazard throwing of BTC at the thief, the amateurish negotiation tactics, and the scant updates provided (the less information you offer, the less you have to lie about) -- it was the stuff out of the pages of a badly written comic book.

I maintain that the entire thrust behind the theft, whether Bter colluded or not was to damage NXT as a currency and a philosophy.  If I recall correctly, the desire was expressed to see if NXT would fork.  That stresses to me all the more that the crime wasn't so much a theft as it was a social experiment conducted on the NXT community, because a fork very nearly occurred but, fortunately it didn't.  And that raises my suspicions even more, because the time to give the NXT back was when the fork was most likely to happen, because he we would never have been able to move it out of the account.  But only after "not rolling back" was a foregone conclusion that he agrees to give up control of 1.6 million worth of NXT for only $50,000 of BTC and Bter looking like the hero... no, I'm not buying it.

These are just my thoughts, guys -- the mental meanderings of a closet madman.  But in spite of this week's travails, NXT is coming away even stronger by virtue of yet one more distinction:  The only cryptocurrency that I can recall which has managed to recover 85% of funds stolen after a breach.

Usually, that number is zero.  Why wouldn't you use NXT now?

 Never have I been more proud to be a member of the NXT community.

NXT Acct: NXT-6FC9-DGWA-XHFN-765BS
Logged
Account: NXT-UNDA-EHYP-ES2G-D7CRS
Asset Id:  15354079498364983892
Big Mad Wolf is Coming to Town

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #585 on: August 17, 2014, 08:15:10 pm »

I think that he is someone aware of this forum/community. Otherwise he wouldn't use Nxt capabilities and register an alias quickly in the first place (this is my opinion).
Would someone experienced in Nxt have paid the high fees he did?

Registering an alias is one of the things the client prompts you to do to secure your account, so doing it may not mean much. (For what it's worth, I think updating the account name and description is a better use of your first outgoing transaction. Aliases are almost worthless, but seeing an account name helps confirm you have the right account.)
Logged

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #586 on: August 17, 2014, 08:18:48 pm »

Why didn't he send the remaining 8million?
He said he believes in Nxt. I suspect he wants to keep them for a year or so. They will eventually be worth more than the bitcoins he received. At some point we'll probably have mixer/privacy services, and then he'll be able to launder and spend them. If we get to 1 NXT = 1$, he'll be a multi-millionaire and able to retire.
Logged

bation

  • Jr. Member
  • **
  • Karma: +5/-0
  • Offline Offline
  • Posts: 23
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #587 on: August 17, 2014, 08:38:42 pm »

Why didn't he send the remaining 8million?
He said he believes in Nxt. I suspect he wants to keep them for a year or so. They will eventually be worth more than the bitcoins he received. At some point we'll probably have mixer/privacy services, and then he'll be able to launder and spend them. If we get to 1 NXT = 1$, he'll be a multi-millionaire and able to retire.

Do they have mixer/privacy services in jail?

If he is the guy we revealed, then (if I were him), he has a special route for the 8m.
« Last Edit: August 17, 2014, 08:41:34 pm by bation »
Logged

Jacinto

  • Hero Member
  • *****
  • Karma: +55/-20
  • Offline Offline
  • Posts: 662
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #588 on: August 17, 2014, 10:27:03 pm »

Cobaltskyy, why do you now apologize to the hacker via blockchain? Maybe (or maybe not) you were wrong about his identity, but he is still a scum of individual that deserves a punishment (at least jail).

I don't understand you!  :-\
Logged
BCNext son.

Come-from-Beyond

  • Hero Member
  • *****
  • Karma: +794/-671
  • Offline Offline
  • Posts: 4013
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #589 on: August 17, 2014, 11:02:31 pm »

Cobaltskyy, why do you now apologize to the hacker via blockchain? Maybe (or maybe not) you were wrong about his identity, but he is still a scum of individual that deserves a punishment (at least jail).

I don't understand you!  :-\

Noone understands women.
Logged

bation

  • Jr. Member
  • **
  • Karma: +5/-0
  • Offline Offline
  • Posts: 23
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #590 on: August 17, 2014, 11:05:15 pm »

Cobaltskyy, why do you now apologize to the hacker via blockchain? Maybe (or maybe not) you were wrong about his identity, but he is still a scum of individual that deserves a punishment (at least jail).

I don't understand you!  :-\

Nooneman understands women.

FTFY :)
Logged

cobaltskky

  • Hero Member
  • *****
  • Karma: +226/-138
  • Offline Offline
  • Posts: 2344
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #591 on: August 17, 2014, 11:25:58 pm »

Cobaltskyy, why do you now apologize to the hacker via blockchain? Maybe (or maybe not) you were wrong about his identity, but he is still a scum of individual that deserves a punishment (at least jail).

I don't understand you!  :-\

Oh, haven't I told y'all yet?  I'm crazy...crazy like a fox. lol
Logged

xyzzyx

  • Sr. Member
  • ****
  • Karma: +40/-1
  • Offline Offline
  • Posts: 339
  • NXT-L8EV-EMP8-7VE8-88WWL
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #592 on: August 18, 2014, 12:33:31 am »

Logged
BM-NAvVBkSuKcRcRzFMynuXyHTrR8TfRtQk
"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov

cobaltskky

  • Hero Member
  • *****
  • Karma: +226/-138
  • Offline Offline
  • Posts: 2344
    • View Profile
Logged

Damelon

  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #594 on: August 18, 2014, 12:40:26 am »

Good ol' Al!
Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

mczarnek

  • Hero Member
  • *****
  • Karma: +68/-4
  • Offline Offline
  • Posts: 898
    • View Profile
    • Nxt Place - Craigslist for Nxt
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #595 on: August 18, 2014, 12:40:36 am »

No.. I still think that he figured that he wouldn't have any leverage and was waiting on colbaltskyy's pics before sending the last of it..  ;D


Actually I do think the thief should have been paid something.. like 50 to 100 BTC as a reward for finding and pointing out this flaw before someone else did.  If I stumbled across the same hack.. I think the right move would be to empty the wallet, contact BTER and inform them that they had a huge bug, give them details, and ask for a new address to send the Nxt to.  Instead he made away with 330 BTC, so be it, good for him.  But if he intends to hold on to that last bit, after specifically making a deal saying he would do otherwise, shame on him.  A little bit too for saying that he would return the money for 100BTC, then changing his mind after BTC sent.  Can't respect that mindset.  If he returns the rest of it right now, still sucks for BTER but he's actually done the community a service by hacking it before the next guy did, and good for him.

It is curious that he only went after Nxt, as I understand it, he found he had access to plenty of other private keys, why not just set-up wallets for all of them and empty them all into his account.  Why only Nxt?
Logged
NXT Organization: Tech
Donations greatly appreciated: NXT-DWVJ-G89C-RHNL-6QW6Q

cobaltskky

  • Hero Member
  • *****
  • Karma: +226/-138
  • Offline Offline
  • Posts: 2344
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #596 on: August 18, 2014, 01:02:20 am »

It is curious that he only went after Nxt, as I understand it, he found he had access to plenty of other private keys, why not just set-up wallets for all of them and empty them all into his account.  Why only Nxt?

He said he saw the potential in it.
Logged

Buratino

  • Jr. Member
  • **
  • Karma: +3/-1
  • Offline Offline
  • Posts: 55
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #597 on: August 18, 2014, 01:32:16 am »

Did BTER forgive hacker? Will BTER hunt him?
Logged

rstanaford

  • Jr. Member
  • **
  • Karma: +8/-1
  • Offline Offline
  • Posts: 37
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #598 on: August 18, 2014, 01:42:52 am »

If I stumbled across the same hack.. I think the right move would be to empty the wallet, contact BTER and inform them that they had a huge bug....

A huge bug?  The only "bug" was Bter's poor management of their NXT wallet.  Nothing regarding NXT as a protocol was exploited.

It is curious that he only went after Nxt, as I understand it, he found he had access to plenty of other private keys, why not just set-up wallets for all of them and empty them all into his account.  Why only Nxt?

A most intriguing question that I, myself, have asked and would love to see freeworm's thoughts about.

https://nxtforum.org/index.php?topic=4478.msg84336#msg84336

https://nxtforum.org/index.php?topic=4478.msg84617#msg84617

Logged

lucky88888

  • Hero Member
  • *****
  • Karma: +42/-14
  • Offline Offline
  • Posts: 694
  • NXT-E328-UJDF-KTGH-9C6YQ
    • View Profile
Re: 3 solutions proposed by Bter.com (200BTC deal or 310BTC bounty or Fork)
« Reply #599 on: August 18, 2014, 03:14:59 am »

So, I know my ass is pretty fine, but I'm not narcissistic enough to believe that it convinced him to send back the NXT. lol  Do we know what happened during negotiations that made him change his mind?

I think he probably didn't trust bter to send the last batch since he is sending first this time. maybe we should tell bter to make smaller trades, which might atleast get another 4mil back.
Logged
NXT-E328-UJDF-KTGH-9C6YQ
8897013707391239174
Pages: 1 ... 28 29 [30] 31 32 33
 

elective-stereophonic
elective-stereophonic
assembly
assembly