Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 1208. (Read 2085654 times)
Guys please stop flooding this thread.
Let do a hard fork like what VRC does and solve this issue.
I am still holding my NAVs.
THIS IS A KNOW FLAW WITH POS, if not enough people are staking then these double spend attacks can happen, all thats needed to make NAV secure again is to have more people stake in wallet, SIMPLE FIX!
and now with no one dumping there double spend, we might actually see a REAL rise for NAV, this one will be interesting thats for sure....
...o and remember today when i said i had my gun ready instead of my popcorn, im getting close to using it
and now with no one dumping there double spend, we might actually see a REAL rise for NAV, this one will be interesting thats for sure....
...o and remember today when i said i had my gun ready instead of my popcorn, im getting close to using it
not that simple
there is still a unsolved problem.
we have to cover 900k NAVAJO.
cuz bittrex owe that amount to buyers.
but if bittrex or dev/community can adopt my solution here:
1. buy 900k NAVAJO at this rate or even lower, cuz panic trading. that mean with few BTC, the loss can be cover.
2. hard fork immediately with remedy to secure the network.
but no way to block out the attacker.
why the F people using big assed coloured text man jeez. And yeh for all we know dev is in on this, the dude does have a point. Seems pretty shady all the build up to this and then boom this happens. Not saying it's true but anyone's gonna ask questions.
IT IS THE SHADY WORK OF WHALES.Bro you got 'Nav - the unbreakable code in your signature. Well it's no longer unbreakable is it.
All, i'd like to clarify a couple things.
1) This was a deliberate attack on the NAV network. The doublespend was credited to a new account and this was their only transaction
BTC-NAV LIMIT_SELL 98353.17816020 0.00000000 0.00000830
BTC-NAV LIMIT_SELL 934620.00000000 98353.17816020 0.00000890
BTC-NAV LIMIT_SELL 934620.00000000 934620.00000000 0.00008900
BTC-NAV LIMIT_SELL 3000.00000000 0.00000000 0.00001101
You can track the "real" 937k by following its movements from this txid:
Where the coins came from and you can see the real and orphanded outputs http://cryptexplorer.com/tx/afa39d4679bc3df7654e5b7fb0f73d37ad3a8485f290c250ad92161ba56b3f00#o1
2) We did not go public with this information. We have been working privately with the devs all day trying to understand what happened and if we could come to some kind of resolution to recover the funds. It us unfortunate that it went public and generating fud now.
3) All coins will be replaced or honored one way or another.
thanks,
richie@bittrex
1) This was a deliberate attack on the NAV network. The doublespend was credited to a new account and this was their only transaction
BTC-NAV LIMIT_SELL 98353.17816020 0.00000000 0.00000830
BTC-NAV LIMIT_SELL 934620.00000000 98353.17816020 0.00000890
BTC-NAV LIMIT_SELL 934620.00000000 934620.00000000 0.00008900
BTC-NAV LIMIT_SELL 3000.00000000 0.00000000 0.00001101
You can track the "real" 937k by following its movements from this txid:
Where the coins came from and you can see the real and orphanded outputs http://cryptexplorer.com/tx/afa39d4679bc3df7654e5b7fb0f73d37ad3a8485f290c250ad92161ba56b3f00#o1
2) We did not go public with this information. We have been working privately with the devs all day trying to understand what happened and if we could come to some kind of resolution to recover the funds. It us unfortunate that it went public and generating fud now.
3) All coins will be replaced or honored one way or another.
thanks,
richie@bittrex
why the F people using big assed coloured text man jeez. And yeh for all we know dev is in on this, the dude does have a point. Seems pretty shady all the build up to this and then boom this happens. Not saying it's true but anyone's gonna ask questions.
IT IS THE SHADY WORK OF WHALES.Bro you got 'Nav - the unbreakable code in your signature. Well it's no longer unbreakable is it.
This coin sucks. The dev scammed and is part of the 900k double spend attack. Sell now before he decided to cash out more. Nav is a scamcoin
+1they pity a few BTC to buy off 970k NAV and instead want to hard fork the chain
Holy shit the buying opportunity of the year right here
TRADING ON BITTREX IS UP AND HEALTHY 
healthy? -70%
It's not about 970k NAV, it's about the COIN BEING VULNERABLE TO ATTACKS.
THE COIN WILL NOT BE VULNERABLE TO ATTACKS IF MORE PEOPLE STAKE IN WALLET, simple these are growing pains and if devs are legit they will show how much progress there making in Anon features and will restore faith in coin, and if they did the double spend attack they will try to re-assure us with vauge updates until the buying volume evaporates and the coin dies
Its all in the devs hands now, nothing more we can do.... SAD DAY IN CRYPTO
Sad day in crypto. BLA BLA BLA!!! It's only facking 9BTC. What the hell are you talking about idiot actually its only 4btc at this price, if its such a little amount then why dont DEVs go ahead with release of BETA ANON? that would surely be the best thing right now!
HONESTLY I JUST WANT TO SEE SOME PROOF THE ANON IS BEING DEVELOPED
and guess what guys, CATS OUT OF THE BAG, dev pm'd me and asked that i wait 7 more hours for update, WHY WOULD HE DO THAT IF HE WASNT TRYING TO DOUBLE SPEND HIS ASS OFF
old stories happend to C2, VRC and now NAVAJO
C2 was attacked because there was a bug in its code base, not because PoS itself. PoS has been proven to be very difficult to attack in a brute-force way.
So there is also a security hole in NAVAJO?
READ MY POST AGAIN.
THIS IS THE SAME STORY WITH c2
BUT NOT VRC, that is my mistake.
it is not about CODE, BUT ABOUT POS
ONE THING WE HAVE TO UNDERSTAND
WE ARE NOT TRADING COINS, BUT ONLY FIGURE (LEDGER) ON EXCHANGES.
ONLY YOU ACCESS TO HOT/COLD ADDRESS WHEN YOU DEPOSIT AND WITHDRAW.
THE ATTACKER SUCCESSFULLY DEPOSITED WITH forked coin (by 51% staking coins)
so problem is most coins on exchanges (not staking)
and attacker has more than 51% STAKING coins.
so!
the attacker was holding and still is holding a large amount of coins for sure.
what he dumped is just figure he got by deposited forked NAVAJO
buyers got figure and bittrex is short of BTC.
WE ARE NOT TRADING COINS, BUT ONLY FIGURE (LEDGER) ON EXCHANGES.
ONLY YOU ACCESS TO HOT/COLD ADDRESS WHEN YOU DEPOSIT AND WITHDRAW.
THE ATTACKER SUCCESSFULLY DEPOSITED WITH forked coin (by 51% staking coins)
so problem is most coins on exchanges (not staking)
and attacker has more than 51% STAKING coins.
so!
the attacker was holding and still is holding a large amount of coins for sure.
what he dumped is just figure he got by deposited forked NAVAJO
buyers got figure and bittrex is short of BTC.
why the F people using big assed coloured text man jeez. And yeh for all we know dev is in on this, the dude does have a point. Seems pretty shady all the build up to this and then boom this happens. Not saying it's true but anyone's gonna ask questions.
IT IS THE SHADY WORK OF WHALES.
trading on bittrex. dumping and dumping
With vulnerability like this - this coin doesn't have any chance.
Fuck it. I had high expectations with this coin.
The question is - are all PoS coins vulnerable to double spending like Navajo?
Fuck it. I had high expectations with this coin.
The question is - are all PoS coins vulnerable to double spending like Navajo?
The More coins one person holds the more control they will have on the network. Sadly!
A big problem.
How can you prevent this from happen again?
Increase the number of confirmations, imho is just a short-term solution.
Maybe even set a ceiling on the stack, so as to limit the power of those who have more, it might help a little.
(Or not a linear function but logarithmic)
Another way of control would need a periodic external confirmation of blockchain, what do you think of an
auto checkpoint system, it might help?
old stories happend to C2, VRC and now NAVAJO
C2 was attacked because there was a bug in its code base, not because PoS itself. PoS has been proven to be very difficult to attack in a brute-force way.
So there is also a security hole in NAVAJO?
This is the end of Navajo I think. It never will grow up to 0.00002 again 
This coin is LEGIT, this is why it was attacked. The WHALES WANT YOU TO DUMP AT 400 SAT, THEN BUY BACK AGAIN AT 10,000 SAT.
TRADING ON BITTREX IS UP AND HEALTHY
This coin sucks. The dev scammed and is part of the 900k double spend attack. Sell now before he decided to cash out more. Nav is a scamcoin
Thank you, soothsayer. Now please f**k off 
The problem is the man making double spend attack owns more than 51% STAKING COINs.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX
2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX
2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
The Attacker has already dumped that 900k so actually no has those coins mate so in reality Bittrex is short of 900k worth of Bitcoins to say wisely.
Yes we can replace that amount using a Hardfork.
~SoopY~
yes bittrex is short of btc, cuz, attacker withdraw btc. but the bittrex owe figure to NAVAJO buyers.
if you replace amount ursing hardfork. you have to add 900 more on the initial amount.
such as 50million+900k.
that means value dilution. if ppl don't like this way. someone have to donate 900k.
either foundation or all supporters.
but still the attacker owns a large amount of NAVAJO to initiate second attack. but that is another story, dev may can prevent that from happening again.
i am trying to help figuring out. but some one is so stupid to fight with me.
Plus. something you are wrong!
the attacker still owns NAVAJO. the attack is not real coins. another chain to successful confirmations and get ledger figure on bittrex. then dump the figure (not real coins)---then withdraw BTC.
HE STILL OWNS HIS COINS
About the dilution, exactly dude, dev wants nav holders to pay for the loss by printing more, as if nav holders didn't lose enough already. goddamn.
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