@Cityglut. In the event the hacker turns blackhat and peaces out.. what does the future hold ? Shouldn't we resume the show ?
?? ~60 seconds passed since you ask question. relax
please....
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 461. (Read 1276916 times)
February 22, 2014, 04:47:45 AM
?? ~60 seconds passed since you ask question. relax
please....
February 22, 2014, 04:37:32 AM
xnova, phantomphreak, busoni ? anything at all ? any input any tidbits ?
It seems like where the gap lies right now is in the fact that 20+ of us either pledged or passionately insisted on a donation-based solution, but now only 3 of us have actually sent donations.
I sent my 10%, and I am feeling a bit bummed that few others have followed suit. Please use Jimhsu's service if you need help with importing the private keys!
At this point this is totally in the communities hands, as far as I can tell, and we need to see a whole line-up of community members donating and congratulating one-another and creating some comraderie and community spirit.
It's time this community shows what it is made of!
February 22, 2014, 04:25:30 AM
Yeah that's interesting why don't we all agree to slightly higher fees until the balance sheet is amended 
That would be 3rd party and non protocol born.. meaning the protocol reputation is not directly affected
That would be 3rd party and non protocol born.. meaning the protocol reputation is not directly affected February 22, 2014, 04:24:22 AM
you guys all need to chill out.
exchanges charge fees and those fees should cover insurance and security costs such as this. again assuming there is some level of sophistication in the operations.
the exchange can easily make up the amounts in fees over the course of a few weeks, maybe a couple months at most.
or the exchange can release some bond or stock on XCP and give holders a portion of their future profits to raise the 80 btc and 6100 xcp to cover their obligation.
let the hacker keep the money, he will need it as he's already broken a few written and unwritten laws.
exchanges charge fees and those fees should cover insurance and security costs such as this. again assuming there is some level of sophistication in the operations.
the exchange can easily make up the amounts in fees over the course of a few weeks, maybe a couple months at most.
or the exchange can release some bond or stock on XCP and give holders a portion of their future profits to raise the 80 btc and 6100 xcp to cover their obligation.
let the hacker keep the money, he will need it as he's already broken a few written and unwritten laws.
Higher fees for a while should be the best. But again, users not understanding what alpha code means wouldn't have shared the profits on those cheap coins, so, whatever. We need to have this back on poloniex, so people can find more bugs
Please trade like crazy, keep burning youself, so that people with more than half a brain can finally start trading once the protocol is robust enough. Thanks !
February 22, 2014, 04:24:05 AM
@Cityglut. In the event the hacker turns blackhat and peaces out.. what does the future hold ? Shouldn't we resume the show ?
We personally have offered the hacker 12 BTC, and others have stepped up and sent 700 XCP to our bug bounty program.
I would strongly encourage the community not to wait for something that is out of our control, but to proactive and either donate directly to busoni's donation address: <15buRLRW47AY9Md3mpFj17Yp6w4BtfMRjc> or our "bug bounty" donation address <14Tf35AovvRVURzd623q5i9kry2EW8WzyL>
I am not sure what you mean when you ask "what does the future hold ? Shouldn't we resume the show ?" Recent events have not stopped us from working on Counterparty: yesterday we paid out the desktop GUI bounty, xnova's web wallet will be released in beta on testnet with a week, the centralized exchange bounty will end in a few days, and the official website will be getting a major upgrade in the next few weeks.
February 22, 2014, 04:20:57 AM
Just a friendly reminder that even billion dollar companies have critical security flaws:
Apple security flaw could allow hackers to beat encryption
Apple security flaw could allow hackers to beat encryption
Please stop it. Pointing at security flaws in other software does not make the ones in XCP any less severe. I saw you doing that on Reddit as well. It's as if you are saying that it's perfectly normal that people are losing money due to a gaping hole in the protocol and that all is fine and expected. It doesn't go down very well. Instead, why not admit that there is a serious issue and at the same time highlight that the devs are on top of it.
February 22, 2014, 04:19:28 AM
you guys all need to chill out.
exchanges charge fees and those fees should cover insurance and security costs such as this. again assuming there is some level of sophistication in the operations.
the exchange can easily make up the amounts in fees over the course of a few weeks, maybe a couple months at most.
or the exchange can release some bond or stock on XCP and give holders a portion of their future profits to raise the 80 btc and 6100 xcp to cover their obligation.
let the hacker keep the money, he will need it as he's already broken a few written and unwritten laws.
exchanges charge fees and those fees should cover insurance and security costs such as this. again assuming there is some level of sophistication in the operations.
the exchange can easily make up the amounts in fees over the course of a few weeks, maybe a couple months at most.
or the exchange can release some bond or stock on XCP and give holders a portion of their future profits to raise the 80 btc and 6100 xcp to cover their obligation.
let the hacker keep the money, he will need it as he's already broken a few written and unwritten laws.
February 22, 2014, 04:11:31 AM
If the hacker does not return the 80 BTC, it seems there are two options:
try to collect 80 BTC and return them to the XCP buyers who's funds were stolen,
try to collect 35,000 XCP and give them to the XCP buyers, instead
It seems the XCP route is perhaps better? I feel the community could come up with 35K XCP, but I have a hard time imagining 80 BTC. Also, the buyers wanted XCP, we know that because they had buy orders, and giving them XCP keeps them in the community so to speak.
try to collect 80 BTC and return them to the XCP buyers who's funds were stolen,
try to collect 35,000 XCP and give them to the XCP buyers, instead
It seems the XCP route is perhaps better? I feel the community could come up with 35K XCP, but I have a hard time imagining 80 BTC. Also, the buyers wanted XCP, we know that because they had buy orders, and giving them XCP keeps them in the community so to speak.
February 22, 2014, 04:07:57 AM
The market command was removed in an earlier update. For now, it's best to use blockscan in its place, as the GUIs emerge.
So the community is asked to trust prices published by a single, central website? I declare XCP is no longer decentralized at this point.
February 22, 2014, 04:03:23 AM
@Cityglut. In the event the hacker turns blackhat and peaces out.. what does the future hold ? Shouldn't we resume the show ?
February 22, 2014, 04:02:33 AM
@Cityglut. In the event the hacker turns blackhat and peaces out.. what does the future hold ? Shouldn't we resume the show ?
February 22, 2014, 04:02:18 AM
So the parties who were wronged:
- People who bought XCP with BTC, but did not withdraw prior to closing (that would be approximately 35000 - 7000 = 28000 XCP)
- People who bought XCP with BTC, but did not withdraw prior to closing (that would be approximately 35000 - 7000 = 28000 XCP)
I'm one of these people. I deposited some coins, and put out some bids, I think some of them were lowballs. I don't know what got filled. I never withdrew anything. Currently my poloniex account balance shows no BTC and no XCP. Much sadness
, it was nearly enough BTC to buy a new car.I would be happy to donate some XCP or BTC to the recovery effort. And certainly I'm happy to have any trades reversed on poloniex. But it would be nice to get something back.
February 22, 2014, 03:52:37 AM
xnova, phantomphreak, busoni ? anything at all ? any input any tidbits ?
We are looking at the forums, and understand that people would like an update, but it is still the case that we have heard nothing from the hacker in over 24 hours.
When we get an update we will give it to the community, however, until we hea from the hacker, there is no update to give.
February 22, 2014, 03:48:56 AM
xnova, phantomphreak, busoni ? anything at all ? any input any tidbits ?
February 22, 2014, 03:13:52 AM
Announcement: Desktop GUI bounty funds to be distributed.
The funds at the bounty address amount to:
There were two submissions for the "desktop GUI" bounty - one from JahPowerBit, and one from btcfanatic. Between these two users, funds at the bounty address will be split thus:
In other words, JahPowerBit will receive 60% of the bounty funds, and btcfanatic will receive 40% of the bounty funds.
JahPowerBit has demonstrated enthusiasm and initiative, and has made a functioning web GUI. He has also detailed his plans for the future, and has recruited other community members to help him achieve the goals he has set out.
JahPowerBit's GUI has wider functionality than btcfanatic's, but btcfanatic's architecture was more what we had in mind. With that said, we imagine users will have a harder time getting btcfanatic's GUI to work than JahPowerBit's.
While both GUIs are cross-platform, they lack build systems for Windows. Going forward, this is very important.
We strongly encourage the community to get involved: test out the GUIs, interact and collaborate with the developers, and give them feedback. Counterparty is a community driven project, and will progress most effectively if the community works together.
Thanks very much to both JahPowerBit and btcfanatic for participating in the Desktop GUI bounty, and helping the Counterparty protocol become more user-friendly. And thanks to the community for providing donations, to help motivate developers.
We are discussing further bounties which should leverage what has been achieve with the desktop GUI bounty. Please stay tuned.
btcfanatic and JahPowerBit, please email your addresses to <[email protected]>.
This is cross-posted from the bounty thread on the official Counterparty forums.
EDIT: Of course, here are the GUI submissions:
The funds at the bounty address amount to:
- 7.41790989 BTC
- 1856.13963636 XCP
There were two submissions for the "desktop GUI" bounty - one from JahPowerBit, and one from btcfanatic. Between these two users, funds at the bounty address will be split thus:
- JahPowerBit will receive: 4.45074594 BTC and 1113.68378182 XCP
- btcfanatic will receive: 2.96716395 BTC and 742.45585454 XCP
In other words, JahPowerBit will receive 60% of the bounty funds, and btcfanatic will receive 40% of the bounty funds.
JahPowerBit has demonstrated enthusiasm and initiative, and has made a functioning web GUI. He has also detailed his plans for the future, and has recruited other community members to help him achieve the goals he has set out.
JahPowerBit's GUI has wider functionality than btcfanatic's, but btcfanatic's architecture was more what we had in mind. With that said, we imagine users will have a harder time getting btcfanatic's GUI to work than JahPowerBit's.
While both GUIs are cross-platform, they lack build systems for Windows. Going forward, this is very important.
We strongly encourage the community to get involved: test out the GUIs, interact and collaborate with the developers, and give them feedback. Counterparty is a community driven project, and will progress most effectively if the community works together.
Thanks very much to both JahPowerBit and btcfanatic for participating in the Desktop GUI bounty, and helping the Counterparty protocol become more user-friendly. And thanks to the community for providing donations, to help motivate developers.
We are discussing further bounties which should leverage what has been achieve with the desktop GUI bounty. Please stay tuned.
btcfanatic and JahPowerBit, please email your addresses to <[email protected]>.
This is cross-posted from the bounty thread on the official Counterparty forums.
EDIT: Of course, here are the GUI submissions:
If anyone figured out how to get this working on Windows. Please, post instructions.
I have posted a first Windows build for the JahPowerBit GUI (BoottleXCP) here:
https://forums.counterparty.co/index.php?topic=74.msg760#msg760
Be aware that this build and the BoottleXCP GUI itself are both still in alpha - although the build process is based on my previous Electrum and Chainsnort builds, so that should be pretty robust already.
will this be in line with the bug fix?
Yes the build includes the counterpartyd 6.0 update.
February 22, 2014, 03:13:47 AM
SO what's XCP worth now? The burn price ?
XCP is worth what you believe if you are a holder.
If you want to sell, it is worth what someone else believes
invisible hand of market comes to some common ground between the two
If there are some who have no clue of value per XCP, perhaps investing in it was not the correct decision
Looks like a critical bug caused some smart cookie to make off with 80 BTC.
Is the bug fixed now?
EDIT: Checked blockscan and saw this in bids
3594 554585.00008063 XCP 0.09999910 BTC/XCP 55458.00088156 BTC
Surely this can't be right or I am reading this wrong.
Is the bug fixed now?
EDIT: Checked blockscan and saw this in bids
3594 554585.00008063 XCP 0.09999910 BTC/XCP 55458.00088156 BTC
Surely this can't be right or I am reading this wrong.
The bug has been fixed. This is just troll order.
February 22, 2014, 03:13:37 AM
SO what's XCP worth now? The burn price ?
Oh well come on devs, come on hacker, let's get some news
Just check this : https://github.com/PhantomPhreak/counterpartyd
Devs are busy right now fixing issues and strengthening the protocol. They know what they are doing, no need to complain like a french girl. Updates will come in time.
+1 More focus on strengthening the protocol, no security issue finally. XCP is just like a baby born one month ago.
February 22, 2014, 03:09:55 AM
SO what's XCP worth now? The burn price ?
Oh well come on devs, come on hacker, let's get some news
Just check this : https://github.com/PhantomPhreak/counterpartyd
Devs are busy right now fixing issues and strengthening the protocol. They know what they are doing, no need to complain like a french girl. Updates will come in time.
February 22, 2014, 02:46:58 AM
Looks like a critical bug caused some smart cookie to make off with 80 BTC.
Is the bug fixed now?
EDIT: Checked blockscan and saw this in bids
3594 554585.00008063 XCP 0.09999910 BTC/XCP 55458.00088156 BTC
Surely this can't be right or I am reading this wrong.
Is the bug fixed now?
EDIT: Checked blockscan and saw this in bids
3594 554585.00008063 XCP 0.09999910 BTC/XCP 55458.00088156 BTC
Surely this can't be right or I am reading this wrong.
February 22, 2014, 02:37:28 AM
SO what's XCP worth now? The burn price ?
Lol not even that. If this had been handled by the first 48 hours, like some said , do the 1% tax or create more coins idea, yes some people would be grumpy but it would at least be back on exchange, and back on coinmarketcap with a minor hit to price. It would be done and done,
Now it is worth nothing, everyone is getting the feeling there will be no return of funds, we are not hearing updates from the devs, bad press is starting, sad!
If mr. hacker gave back 80 BTC I would be shocked, I would donate 1 btc to him for honor, but I feel he won't. And I feel donation idea or lotto will never come close to 80
Oh well come on devs, come on hacker, let's get some news
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