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Topic: 🔥🔥🔥 [ANN][ICO] BITFENCE - REMOVE HACKERS FROM YOUR NETWORK - page 107. (Read 30029 times)

full member
Activity: 266
Merit: 107
The last 12 hours with 29% Bonus. Pre-Sale until 1.5.2018 12:00 AM UTC
On Tuesday the Publis-Sale starts, the bonus rate continues linear drop to 0% at the end.
Do you think that these bonuses they give are actually working or just a little bit because as i have seen there hasn't been that huge a difference before and after they did this bonus.
I think it is amazing that they gave the bonuses this way because early birds can get a lot of profit from it and they deserve that too don't you think so too?
Yes i do but they might try some other things to get their investors. I think those bonuses are good but if you are not an early bird then you might think that it is not worth it.
hero member
Activity: 1274
Merit: 646
I still think they should offer sometype of cybersecurity education as well, for example the MEW DNS hack was so successful because most people don't bother to check the SSL certs etc.  if they can provide a solution and education, I think they'll stand to do well.
member
Activity: 490
Merit: 10
I just stumbled upon the MEW breach situation! This is why we need more ways to protect ourselves! Bitfence will assist the crypto community on that matter.  Cool Cool Cool

The MEW breach was of the Public DNS's, not their websites servers being hacked. Amazon/Google's DNS were poisoned for around two hours.

True.  BitFence may not be the perfect answer to this specific problem, but it does aim to close an existing gap in perimeter security defenses. Perhap they can find ways to identify and alert their routers to direct people away from affected dns servers?

A solution for all is unlikely to succeed. But I think the advantage Bitfence has over the others is that they are able to constantly improve the system through the AI algorithms they have in place the bait system they have to attract hackers. I hope the system evolves on its own just like PoW.
member
Activity: 350
Merit: 16
Guys one question from an network security noob. Can the Bitfence Security Soft- and/or hardware prevent a DNS attack like yesterdays MEW hack?

No, it was a public DNS attack, a honeypot or security router is not going to stop that.  You need a hardware wallet or metamask, and to ALWAYS ensure you check the SSL cert on sites like that.

Honeypot will be placed in our network and it will be effective if someone tries to enter our network. But DNS attack on MEW hack was different.

I believe the DNS hack was due to amazon vulernbility whereby the DNS is hosted externally so was nothing to do with the MEW, some clever man redirected his spoofed phishing page to myetherwallet.com
full member
Activity: 994
Merit: 140
Links to several ANN translations and Whitepapers added to first post! More are in progress. Still have translation positions open!
Thank you Dev for the update. I'm pleased that the Team is still updating this thread continuously, this is not done in every project.

It's good to see BitFence team continuously providing information here about all the developments. Normally Deva are active more on telegram only Smiley.

The white papers are a really nice addition, it's good to have this information available and also in as many languages as possible as it will reduce the amount of confusion about what the project  is actually targetting as its short and longterm goals and how it differs from the normal companies we all know.

I agree. Sometimes it's difficult to understand for people what's written in whitepaper, if it's not available in local languages. At least whitepaper should be available in 5-6 different languages.

I support this proposal. Especially with technical projects like this one, with many specific terms, a good translation into different languages is desirable.
newbie
Activity: 56
Merit: 0
Guys one question from an network security noob. Can the Bitfence Security Soft- and/or hardware prevent a DNS attack like yesterdays MEW hack?

No, it was a public DNS attack, a honeypot or security router is not going to stop that.  You need a hardware wallet or metamask, and to ALWAYS ensure you check the SSL cert on sites like that.

Honeypot will be placed in our network and it will be effective if someone tries to enter our network. But DNS attack on MEW hack was different.
member
Activity: 168
Merit: 10
Links to several ANN translations and Whitepapers added to first post! More are in progress. Still have translation positions open!
Thank you Dev for the update. I'm pleased that the Team is still updating this thread continuously, this is not done in every project.

It's good to see BitFence team continuously providing information here about all the developments. Normally Deva are active more on telegram only Smiley.

The white papers are a really nice addition, it's good to have this information available and also in as many languages as possible as it will reduce the amount of confusion about what the project  is actually targetting as its short and longterm goals and how it differs from the normal companies we all know.

I agree. Sometimes it's difficult to understand for people what's written in whitepaper, if it's not available in local languages. At least whitepaper should be available in 5-6 different languages.
member
Activity: 728
Merit: 11
DocTailor IEO on Zloadr
"The ERC20 HNY Tokens would be distributed automatically through smart contracts during TGE to the Ethereum address provided by participants." That's mean they are distributing tokens same time of the purchase?

Yes, the smart contract sends you the tokens equivalent to the amount you invested as soon as you've sent the ETH it's standard for most ERC-20 tokens.

This practice I believe is a good one but then the idea of holding until the end of ico seem to work better. Many investors (especially early ones)  tend to become impatient if they see a token lying dormant for a while in their wallet.

The idea of holding until after ICO is to guide against dumping on dex most times as some desperate peeps can create trade book and starts selling way below ICO price, i am in supporting of locking till after ICO
full member
Activity: 504
Merit: 106
★Bitvest.io★ Play Plinko or Invest!
The sooner you get in, the better for you as the bonuses for early birds are great.

The early birds bonuses are form of compensation and appreciation to them for the trust they have in the project. Some investors love seeing people investing in a project first before developing confidence sort of

Users will get rewarded for backing the project from the start when they isn't any 'product' as such; however - bitfence look one step ahead of the game and already implemented an iOS app

Yeah being an early investor could therefore lead to making bigger profits especially if a project is successful because the discounts would be higher and this means a higher return.
Yes you also forgot the high bonuses earl bird receive it is an amazing way to treat early birds with a lot of profit in the future.


Yeah it puts the early investors in a fantastic position because they can sell their tokens early to make a quick profit or HODL and make even more money as the token gains traction and increases in value.
full member
Activity: 448
Merit: 110
The sooner you get in, the better for you as the bonuses for early birds are great.

The early birds bonuses are form of compensation and appreciation to them for the trust they have in the project. Some investors love seeing people investing in a project first before developing confidence sort of

Users will get rewarded for backing the project from the start when they isn't any 'product' as such; however - bitfence look one step ahead of the game and already implemented an iOS app

Yeah being an early investor could therefore lead to making bigger profits especially if a project is successful because the discounts would be higher and this means a higher return.
Yes you also forgot the high bonuses earl bird receive it is an amazing way to treat early birds with a lot of profit in the future.
full member
Activity: 504
Merit: 106
★Bitvest.io★ Play Plinko or Invest!
The sooner you get in, the better for you as the bonuses for early birds are great.

The early birds bonuses are form of compensation and appreciation to them for the trust they have in the project. Some investors love seeing people investing in a project first before developing confidence sort of

Users will get rewarded for backing the project from the start when they isn't any 'product' as such; however - bitfence look one step ahead of the game and already implemented an iOS app

Yeah being an early investor could therefore lead to making bigger profits especially if a project is successful because the discounts would be higher and this means a higher return.
newbie
Activity: 112
Merit: 0
I just noticed your thread and whitepaper is translated into CHINESE, ITALIAN, HINDI, INDONESIAN, FRENCH, GREEK. A sure way to reach more investors i must say.
copper member
Activity: 70
Merit: 0
💥฿itFence Dev💥

Hello when you say patent pending - what exactly has been patented? Also the sting miners deployed will be based on what to detect threat- are you building you custom engine or it’s using open source.

Thank you for your questions! It was answered on https://t.me/BitFence for everyones benefit, I'll copypaste it here:

To answer patent question, patent called "Decentralized system and method for cyber threat protection" and covers whole system design, sensor network, risk scoring engine, blockchain application. StingMiner is proprietary honeypot, based on several open source projects plus incorporates many best practices for honeypot design, not implemented anywhere in LGPL/BSD/Apache. Risk scoring engine is absolutely proprietary, it uses not only honeynet, but many open source threat sources, as well as our own database of threat signatures shaped as a pre-trained classifiers. Classifier training never stops, and by correlating various sources we can establish quality training set at any time. In addition to AI classifiers, such as SVM's we use of course multivariate rules engine which knows about severity of attack, possible impact, originating country, type of business attacked, etc...
newbie
Activity: 112
Merit: 0

Hello when you say patent pending - what exactly has been patented? Also the sting miners deployed will be based on what to detect threat- are you building you custom engine or it’s using open source.
member
Activity: 532
Merit: 10
"The ERC20 HNY Tokens would be distributed automatically through smart contracts during TGE to the Ethereum address provided by participants." That's mean they are distributing tokens same time of the purchase?

Yes, the smart contract sends you the tokens equivalent to the amount you invested as soon as you've sent the ETH it's standard for most ERC-20 tokens.

This practice I believe is a good one but then the idea of holding until the end of ico seem to work better. Many investors (especially early ones)  tend to become impatient if they see a token lying dormant for a while in their wallet.
full member
Activity: 448
Merit: 110
The last 12 hours with 29% Bonus. Pre-Sale until 1.5.2018 12:00 AM UTC
On Tuesday the Publis-Sale starts, the bonus rate continues linear drop to 0% at the end.
Do you think that these bonuses they give are actually working or just a little bit because as i have seen there hasn't been that huge a difference before and after they did this bonus.
I think it is amazing that they gave the bonuses this way because early birds can get a lot of profit from it and they deserve that too don't you think so too?
member
Activity: 728
Merit: 11
DocTailor IEO on Zloadr
I like the idea of removing hackers from the network  Smiley

We all love the idea I mean who won't  Grin

Is it really possible for say mew partnership with Bitfence as added security to the myetherwallet.com security? What do you think guys.  Huh

I would say not only with MEW but also with various cryptocurrency exchanges. They are constantly targets and many of those have already been hacked.

MEW should really watch it, I just wonder why the constant attack on them, I know they are quite popular but I mean they ain't the only one, I do like to see Bitfence come into partnership with a lot of crypto project that deals with wallet and exchange or even other security project as a way of synergizing to fight a common enemy in the cyber space
Nathan01, Do you know what you saying?  Shocked If its happening then no one can predict future price HNY.. I hope they will do this. Grin

 Grin Grin and funny enough I wasn't looking at the price angle of things I was only concerned about what such strategic partnership can bring in as per quality security service, but you raised a very interesting and attractive chapter to the discussion, and all I can say is wow! Just imagine such partnership in terms of value projection of HNY  Shocked
full member
Activity: 546
Merit: 106
Bountyhive.io
Guys one question from an network security noob. Can the Bitfence Security Soft- and/or hardware prevent a DNS attack like yesterdays MEW hack?

No, it was a public DNS attack, a honeypot or security router is not going to stop that.  You need a hardware wallet or metamask, and to ALWAYS ensure you check the SSL cert on sites like that.

Yep the people that got "hacked" as they like to call it because of MEW was because they didn't pay attention to what they were doing, the fake site had a fake certificate and was throwing an error, wtf are people spending money especially using their private key on a site thats reporting a huge security issue (red ssl certificate).

I'd say to stick to metamask and hardware wallets whenever possible as well. As dns hacks seem to be very common lately. 

That said this isn't what bitfence is being target for its best to review the whitepaper to really understand what their trying to accomplish and defend people from
hero member
Activity: 1274
Merit: 646
Guys one question from an network security noob. Can the Bitfence Security Soft- and/or hardware prevent a DNS attack like yesterdays MEW hack?

No, it was a public DNS attack, a honeypot or security router is not going to stop that.  You need a hardware wallet or metamask, and to ALWAYS ensure you check the SSL cert on sites like that.
full member
Activity: 266
Merit: 107
The last 12 hours with 29% Bonus. Pre-Sale until 1.5.2018 12:00 AM UTC
On Tuesday the Publis-Sale starts, the bonus rate continues linear drop to 0% at the end.
Do you think that these bonuses they give are actually working or just a little bit because as i have seen there hasn't been that huge a difference before and after they did this bonus.
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