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Topic: [ANN]Faircoin - MULTIPOOL PAYS --- 20%--- BONUS! for the next week!! - page 203. (Read 341962 times)

member
Activity: 64
Merit: 10
coin2 is not a pos coin, it's a normal ltc fork with premine

clearly, we could've been better in preparing and added checkpoints a few days ago
but we are not idiots, and we found the problem and fixed what we could fix

pos coins are generally safer than pure pow coins
however, this coin doesn't have pos blocks yet and therefore was vulnerable to 51% attack

the fix includes a hard checkpoint and lowering of pos min age so we start generating pos blocks
we're also buying some hash power until pos blocks start

all coins can be attacked in some way, in theory
but it's now much much harder and will only get harder as time moves on

How do you determine the attacker is not the FAC team? It won't happen again? and Only FAC team know the way.

Why don't you point out this doubt before having FAC on your exchange?
If you know the risk, why do you let your user risk it?
The users all trusted your exchange. That is why they trade on it.



full member
Activity: 182
Merit: 100
member
Activity: 64
Merit: 10
We hope FAC dev can combine 2 forks together. After all, users bought those "void" coins. We spent a whole day to talk with Fac Dev on this issue. However, they insist us to eat the loss.

The correct things you should do are:
1. Sync the new wallet. Let's your wallet back to the right blockchain.

2. Correct the user's balance back to the time before the fork.

3. Discuss with all involved users how to deal with the left issue.

The thief use the fake coins to cash out about 7 BTC.  


See how the Polonix owner did after they got stolen.
----------------------------------------------------------------------------------------
Dear Users of Poloniex,

As you may have heard, a hacker recently used an exploit to steal 12.3% of the Bitcoins on Poloniex. Details on how this happened can be found in this announcement post: https://bitcointalksearch.org/topic/btc-stolen-from-poloniex-499580

In order to keep Poloniex solvent, all BTC balances were deducted yesterday by 12.3%. No further deductions will occur. As soon as I have time to put it up, you will be able to view exactly how much BTC you are missing on your Balances page.

I deeply regret that this happened, and am committed to repaying the debt and making Poloniex absolutely secure. Any exchange fees collected since the incident will be used to pay back the debt at regular intervals. Exchange fees will not be raised.

Additionally, shares of Poloniex may be issued, the profits from which would be used to repay the debt and hire highly qualified security experts. The timing and details of this, and indeed whether it will occur, have not been decided. I invite you all to give your input on these decisions by voting in the following poll and, if desired, leaving a comment: https://bitcointalksearch.org/topic/poll-how-to-deal-with-stolen-btc-on-poloniex-500578

Since the incident occurred, the way withdrawals and order creation are handled has been redesigned so that all such requests are added to a global command queue, then processed sequentially. More automated checks for consistency of balances have been added. Larger percentages of coins have been moved into cold storage. And as of today, I am searching for additional developers to bolster the security of Poloniex as much as possible, and as soon as possible.

Here are some specific details about the hacker.
------------------------------------------------------
full member
Activity: 168
Merit: 101
We hope FAC dev can combine 2 forks together. After all, users bought those "void" coins. We spent a whole day to talk with Fac Dev on this issue. However, they insist us to eat the loss.

What is the total loss you would have to eat if the forks were left uncombined?
member
Activity: 112
Merit: 10
coin2 is not a pos coin, it's a normal ltc fork with premine

clearly, we could've been better in preparing and added checkpoints a few days ago
but we are not idiots, and we found the problem and fixed what we could fix

pos coins are generally safer than pure pow coins
however, this coin doesn't have pos blocks yet and therefore was vulnerable to 51% attack

the fix includes a hard checkpoint and lowering of pos min age so we start generating pos blocks
we're also buying some hash power until pos blocks start

all coins can be attacked in some way, in theory
but it's now much much harder and will only get harder as time moves on




How do you determine the attacker is not the FAC team? It won't happen again? and Only FAC team know the way.
sr. member
Activity: 406
Merit: 250
We hope FAC dev can combine 2 forks together. After all, users bought those "void" coins. We spent a whole day to talk with Fac Dev on this issue. However, they insist us to eat the loss.

People were informed of the fork yet decided to buy anyway.

I told dumpers NOT to dump. Yet they did dump.

Just remove the 15M and turn the exchange back on. That's the best thing you can do for yourself.
.
full member
Activity: 238
Merit: 100
 Grin 我什么都不想说了!作者剩下的1500万,确实已经发送出来了!你已经上了平台,有人也说及时通知你了,但是你们的反应确这么慢。
我们客户在你们平台交易,您连这点的安全都不能解决吗,确实有国高的风范!
散户是无辜的,作者做了自己该做的,平台。你咋说。你无缘无故的就扣留币了。您们没有一点安全意识吗。
您的平台真的想做大吗。
member
Activity: 70
Merit: 10
coin2 is not a pos coin, it's a normal ltc fork with premine

clearly, we could've been better in preparing and added checkpoints a few days ago
but we are not idiots, and we found the problem and fixed what we could fix

pos coins are generally safer than pure pow coins
however, this coin doesn't have pos blocks yet and therefore was vulnerable to 51% attack

the fix includes a hard checkpoint and lowering of pos min age so we start generating pos blocks
we're also buying some hash power until pos blocks start

all coins can be attacked in some way, in theory
but it's now much much harder and will only get harder as time moves on


member
Activity: 64
Merit: 10

why hacker don't attack Coin2? It's volume 5 times than Faircoin.  Attacking C2 is much "profitable".


Come on, be more intelligent than that. This argument do not hold. What if hacker was a C2 holder?

I think attacking BTC will be most profitable.
Damned! Mtgox had been attacked!  
Help!Help!
Doge is under attack!
BC is under attack!
member
Activity: 112
Merit: 10
We hope FAC dev can combine 2 forks together. After all, users bought those "void" coins. We spent a whole day to talk with Fac Dev on this issue. However, they insist us to eat the loss.
sr. member
Activity: 406
Merit: 250
DO WE REALLY NEED TO EXPLAIN THIS?

ATTACKER FORKED FAIRCOIN. (51% attack)

ATTACKER SENT HIMSELF 50M COINS.

SINCE POLONIEX AND NXT-E FAILED TO STOP DEPOSITS, THEY AUTOMATICALLY UPDATED TO FORKED BLOCKCHAIN.

ATTACKER DEPOSITED 15M TO NXT-E.

END OF STORY.

Now, this is WHY were asking you to remove weird deposits, as they come from the attacker. All the coins before the fork were correctly distributed.
full member
Activity: 168
Merit: 101
NXT-E is always syncing with official block chain and using official nodes.
Yesterday, there are more than 6950000 coins deposit to fJ7BxMa2B1waqXXyVccVoKf5HMNb2T7sXy our exchange, including 1.5 million coins. Not to mention, poloniex probably received more. http://fac.blockx.info/ showed the same records until they are updated.

The dev team said the coins were distributed to so many people. Everyone got 1000 fac. But this amount is so huge, probably more than 10 million coins, which leads us to wonder who can possibly have such amount of Farincoins besides dev team themselves.

We need explanation that the coins that Faircoin team rolled back is because of 51% attack or they come from the 15 million coins that were claimed gone missing when the first time distribution. So Dev team deposit them maliciously, and after trading btc, rollback the blockchain to cover up and prepare the next attack. Because they "fixed" the problem so quickly and easily, even if BTC team can't fix 51% attack.

Either reasons are huge risks. And it could happen again. So to protect Faircoin investors, NXT-E decided to suspend the market and withdraws until dev team give all of us a reasonable proof and show everyone that they handle it satisfied. There is no false on our side.


all the coins that were deposited came from the forked blockchain
the 15 million coins that we were initially unable to distribute were distributed some time ago.
you have all the proof you want on the blockchain, as well as people here who were waiting for coins from the 15 mil and eventually got them

the theory where we attacked our own coin is not only not supported by anything, it also doesn't make any sense
if anybody had over 15 million coins, they would just sell them over time on many exchanges without pushing the price down, not fork the chain and buy all the 100 satoshi bids

as i said before, this attack is no longer possible with the new version
someone simply took advantage of the new coin's fragile state



FacTem message (nxt-e ):  (FTC官方给我们交易所的support,大约在中国时间早9:14,出问题的时间是在之前8小时)
------------------------------------------------------------------------------------------------------------------------
2014-03-28 01:14:36.923   
Can you check if there are any weird deposits in the FAC addresses? Values over a million FAC?
It's believed that the attacker (51% attack) made a 50M transaction for himself and possibly deposited them here and on Poloniex. Mind checking?
------------------------------------------------------------------------------------------------------------------------
After receiving the information, we deal in 10 minutes..   我们第一时间就处理了。



why hacker don't attack Coin2? It's volume 5 times than Faircoin.  Attacking C2 is much "profitable".
Why all exchange & http://fac.blockx.info are on the wrong blockchain?
Why total amount of fake coins on NXT-E and Polo are no more than 15 million?
Why can you find the "error" in such a SHORT time but not to solve them in advanced. You know, BTC and LTC are not able to prevent 51% !!


为什么黑客不去攻击 coin2 ? 它的成交量比 fac 大5倍 ,显然收益更大。
为什么所有交易所和http://fac.blockx.info都在错误链上?  
为什么 NXT-e 和 polo 接受的假币不超过 1500万?

为什么你们能在如此短的时间找到错误和承诺不会再次发生,而不去提前解决? 要知道 bitcoin 和 litecoin 都无法解决 51%攻击。





In all fairness to the NXT-E exchange, I understand the issue raised and the intent to ensure this was truly an outside attack and not an inside job by the dev.
If I had an exchange and I was going to cop the loss for a coin I just added, I would like to know all the details before I took any action regarding the coin.
How ever, any legitimate balances should be returned to the owner of the account immediately, access to legitimate FAC balances should not be obstructed due to this attack.  
newbie
Activity: 58
Merit: 0
NXT-E is always syncing with official block chain and using official nodes.
Yesterday, there are more than 6950000 coins deposit to fJ7BxMa2B1waqXXyVccVoKf5HMNb2T7sXy our exchange, including 1.5 million coins. Not to mention, poloniex probably received more. http://fac.blockx.info/ showed the same records until they are updated.

The dev team said the coins were distributed to so many people. Everyone got 1000 fac. But this amount is so huge, probably more than 10 million coins, which leads us to wonder who can possibly have such amount of Farincoins besides dev team themselves.

We need explanation that the coins that Faircoin team rolled back is because of 51% attack or they come from the 15 million coins that were claimed gone missing when the first time distribution. So Dev team deposit them maliciously, and after trading btc, rollback the blockchain to cover up and prepare the next attack. Because they "fixed" the problem so quickly and easily, even if BTC team can't fix 51% attack.

Either reasons are huge risks. And it could happen again. So to protect Faircoin investors, NXT-E decided to suspend the market and withdraws until dev team give all of us a reasonable proof and show everyone that they handle it satisfied. There is no false on our side.


all the coins that were deposited came from the forked blockchain
the 15 million coins that we were initially unable to distribute were distributed some time ago.
you have all the proof you want on the blockchain, as well as people here who were waiting for coins from the 15 mil and eventually got them

the theory where we attacked our own coin is not only not supported by anything, it also doesn't make any sense
if anybody had over 15 million coins, they would just sell them over time on many exchanges without pushing the price down, not fork the chain and buy all the 100 satoshi bids

as i said before, this attack is no longer possible with the new version
someone simply took advantage of the new coin's fragile state



FacTem message (nxt-e ):  (FTC官方给我们交易所的support,大约在中国时间早9:14,出问题的时间是在之前8小时)
------------------------------------------------------------------------------------------------------------------------
2014-03-28 01:14:36.923   
Can you check if there are any weird deposits in the FAC addresses? Values over a million FAC?
It's believed that the attacker (51% attack) made a 50M transaction for himself and possibly deposited them here and on Poloniex. Mind checking?
------------------------------------------------------------------------------------------------------------------------
After receiving the information, we deal in 10 minutes..   我们第一时间就处理了。



why hacker don't attack Coin2? It's volume 5 times than Faircoin.  Attacking C2 is much "profitable".
Why all exchange & http://fac.blockx.info are on the wrong blockchain?
Why total amount of fake coins on NXT-E and Polo are no more than 15 million?
Why can you find the "error" in such a SHORT time but not to solve them in advanced. You know, BTC and LTC are not able to prevent 51% !!


为什么黑客不去攻击 coin2 ? 它的成交量比 fac 大5倍 ,显然收益更大。
为什么所有交易所和http://fac.blockx.info都在错误链上? 
为什么 NXT-e 和 polo 接受的假币不超过 1500万?

为什么你们能在如此短的时间找到错误和承诺不会再次发生,而不去提前解决? 要知道 bitcoin 和 litecoin 都无法解决 51%攻击。




I don't know what's wrong with the coin.
What happen to the coin?
Can anyone explain for me ?
newbie
Activity: 23
Merit: 0
最后的1500W个币确实是发出来的了,我们群里最后几小时注册的都是在最后几天收到了,而且没听说有人没收到币。
别的你们继续讨论
部分事实可以确认的我们玩家会出面证明

还有:NEX-E,作者,玩家,三方应该是一家,而不是分成NEX-E一方,作者一方,然后还让我们玩家站队。

NXT-E: It's all the dev's fault!!

The dev: No. It's not mine!

Users: How about our coins?

NXT-E & Dev: We don't know!

我没收到啊 Angry 我刷了150组欸,艹
This can only prove your inabilities and the truth that you are just a loser.
Hi, Loser!
Bye, Loser!



Ok good, you can read my words. You fucking Chinese ass. Scammer ~
hero member
Activity: 715
Merit: 500
sr. member
Activity: 644
Merit: 251
what's wrong with this coin? fork?
member
Activity: 112
Merit: 10
最后的1500W个币确实是发出来的了,我们群里最后几小时注册的都是在最后几天收到了,而且没听说有人没收到币。
别的你们继续讨论
部分事实可以确认的我们玩家会出面证明

还有:NEX-E,作者,玩家,三方应该是一家,而不是分成NEX-E一方,作者一方,然后还让我们玩家站队。

我们也希望官方能够把它进行合并,毕竟是客户都买去了,这个事情相对完美的解决了。今天一天的时间都和官方在沟通,但是他们坚持让我们自己赔偿。

我们并没有做错任何事情(第一时间收到官方通知就下线了), 我们也没有申请过一个币,官方也从来没捐助过我们。为什么要我们承担全部损失?

这个币遇到这么大的问题(其他币只是分叉而已,这个币官方的意思是凭空出来的)

请你们给官方施加压力,让他进行链的合并,而不是简单粗暴的去掉我们的存款。
hero member
Activity: 715
Merit: 500

why hacker don't attack Coin2? It's volume 5 times than Faircoin.  Attacking C2 is much "profitable".


Come on, be more intelligent than that. This argument do not hold. What if hacker was a C2 holder?
full member
Activity: 168
Merit: 101
Please explain how they were distributed?
I didn't get all my shares only about 65% of my shares..

i have no idea about your shares
have a look here:
http://fac.blockx.info/get/block/0000000028f7b09d2de808037c2520f9da68a13bae3565bca2770f2464405278

and the blocks before and after it
this is part of the 2nd distribution

look at the date

you can also tell me which addresses you entered and didn't get coins, some people entered invalid addresses we couldn't send to

or, by your signature, you are just a PMC stakeholder coming here to eliminate competition

Our enemy is attacking us when we are weak.






FACers, be ready,  aim & fire!!!


I have 10 BTC to invest in alt coins for the future and I have selected Faircoin, I believe this coin will achieve. now everyone quite whining and get on with it with a constructive mature attitude.
NOw who would like to sell, I care not for exchanges!
member
Activity: 118
Merit: 10
Guys what about write in english? A lot of us can't understand scribbles.
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