Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 473. (Read 1276928 times)

Yes.Also I think donation is the best way to solve the problem.

I think taxing 7000/totalcoins per each XCP address will keep it as fair as I can see it being. But we need to figure out what we're going to do the next time something like this happens ?

This is just another slippery slope proposition right there.

The first step before donations and/or taxation is make a wider appeal to those people who benefited from the hack by

A. Buying loads @ 0.002
B. Making hasty withdrawals.

Clearly these trades are unsustainable, their source is tainted and invalidated and if these 7000 XCP are not covered then it affects all the current depositors of Poloniex and Busoni to that extent. There were a few who accepted on this thread to making these trades, if you have also withdrawn I appeal to your sense of fair play, please do what is right.

The cost of these trades is 14 BTC (at least) which can easily be returned right away as the hacker left 35 BTC behind.

It was not an exchange bug. The bug affected all of XCP. So why should poloniex users only get penalized while the HODLERS! do not? I am both btw. Though I do admit

taxing is easier/quicker and I do want this behind us already.

I just want my 80 XCP I had.

The loss of 7000 XCP can be spread across all accounts with XCP balance in Poloniex. Assuming the balance in Poloniex account is 45,000. This would be 15%.
We can go the donation route, but doubt it will raise more than 1000 XCP.

Yes. Donation is the best way to solve the problem.
OK. I will donate some.

I'm all for donating however much I please to Busoni, but taxing all balances is a terrible idea.

Is this 7000 missed XCP from completed hacker dump buy orders or is that cashoutet from earlier balance? Can you see is this withdrawals from earlier balances or from dump? If this people/s who have cashout all 7000 coins are in community and read this topic and dont come out and tell he have this coins looks like he is biggest robber after all  

Im ready to give total 500 XCP for security bounty and to this missed balances, but better if we find this coins and can give all to security bounty. But i dont have counterparty in my computer and i need someone trusted to take over one of my private keys and sending this coins.

Or everyone's XCP address is taxed in proportion to cover the lost. The proportion should be 7000/2650000=1/380

Thanks Busoni.

I do feel we were all aware that we are in alpha and are not guaranteed against losses due to anything really. However, as an exchange you are responsible

for your customers' funds. You did not have the proper precautions in place for a brand new crypto that you had many technical problems adding to your exchange only

the day before it was added. I absolutely agree that for XCP you should have had more manual control over deposits and withdrawals. In the end the exchange is responsible

for any losses like this and the customers should never be out anything. Having said all that, I personally would not like to see you eat any of the losses as you have been

great and as XCP's first exchange, a big part of our community. I would love if we all could chip in and cover the 7k xcp. If anybody can figure out how to do it fairly

and securely I will donate.

Everyone should donate some XCPs to deal with this. It should be solved easily this way.

thanks for update busoni
i think we can consider different solutions until everyone is satisfied,if u need donate to cover that lost,np for me

my btc balance was 0
and xcp trade Has been deleted

Update.

The trades have been rolled back and all XCP orders have been cancelled.

The total XCP missing from the wallet--from people who bought from the dump and made hasty withdrawals--is about 7,000 XCP. I think it is a matter for the community how we want to deal with this. Do we all want to contribute? Should everyone's balances be taxed? Does everyone think this is all my fault and I should pay it out of pocket?

Because this XCP is missing from the wallet, I'm not sure I can turn withdrawals on yet, and until XCP is really verified secure, I can't turn the exchange on. If the exchange isn't on, then I doubt people would really care to keep their XCP in their Poloniex account, and if everyone withdraws, some people at the end are going to be stuck with that missing 7,000 XCP. So I guess we need to decide about this as soon as possible.

The BTC has not been returned yet, but I still have reason to believe that it will be. The attacker has found some other issues with XCP, including one that PhantomPhreak fixed before the attacker reported it and some others that have not been verified yet. The attacker seems intent on the success of XCP and also has opinions about the rollback, and seems to be withholding the BTC pending certain fixes. I have asked for final word on when the BTC will be returned, what he is waiting for, and he should respond by tomorrow. He has been very communicative and has been continuing to search XCP for security flaws--not really the profile of a thief.

Maximum daily withdrawal limits have now been implemented on all coins. For BTC, it is 50. Other security measures will come, and more coins will be moved to cold storage. (The majority of the BTC was in cold storage before any of this happened.)

I expect everything will return to normal in a few days, but I don't have anything definite yet. I'll keep everyone updated as I learn more. Realistically, I could just resume operations now, but I don't think that is wise or fair.

We could petition another exchange to add XCP in the meantime while busoni decides what to do about the poloniex issue.


What do you guys think about coinedup?  They were the first to add Dogecoin, Catcoin, Earthcoin, several others too.  They've been very fast about adding new coins in the past.


Bitcointalk thread:
https://bitcointalksearch.org/topic/hello-from-coinedupcom-264327

Exchange:
https://coinedup.com/

Email:
[email protected]

Reddit:
http://www.reddit.com/r/coinedup

Twitter:
https://twitter.com/CoinedUp

Busoni, come on. It's not takes days to reindex the database. And even internal orders you can rollback in a hour (20-30 orders at most) directly on database.
There is a problem with missing BTC.
But, please, do a favor for all of us and return XCP page to poloniex now! With all correct XCP balances (and missing BTCs) - Try later to resolve the issue with missing BTCs.
Now we must to see this page online.
Coinmarket Cap took price from there - now the whole XCP dissappeared. MTGox going to die. All that really hurts the moral and believe in the coin. People started to ask me if XCP died too.
So, get it back ASAP!

Thank you

Absolutely agree with you. It can kill Counterparty XCP and become a joke.

come on guys. let us pump XCP