I kinda like the "trustless vote within the XCP protocol test case" this could be turned into. Just thinking. If it works this will be ANOTHER step ahead of the competition after the DEX. The demonstration in practice would be a vivid participation because everyone would stand to gain (or loose) something. Maybe only those users that were affected by the hack could be identified and enabled for voting? Or every account holder, depending on what we would come to decide.
What if the question would be whether we should not only reimburse Poloniex (and thus the XCP users) but also give a little extra to every XCP holder thus evening out the playing field? So in the end nobody suffered from this mini inflationary event and we have another mile stone ticked off our list.
Disclosure: I made a little profit by having a buy order filled during the dump.
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 477. (Read 1276928 times)
February 20, 2014, 08:17:50 AM
February 20, 2014, 08:11:40 AM
Does anyone know what happened to Bitshares/PTS ? Why the huge jump in volume ? $5 million + 
? Was there a breakthrough of some sort ? They are nearing the $30million market cap which they have only reached briefly before during the Chinese pump in early December. I find this situation very curious considering they are a direct competitor with Counterparty along with Mastercoin and NXT.
? Was there a breakthrough of some sort ? They are nearing the $30million market cap which they have only reached briefly before during the Chinese pump in early December. I find this situation very curious considering they are a direct competitor with Counterparty along with Mastercoin and NXT. i wondered as well this is the answer i got
Quote
It was announced that later BTS X chains would be based off of the test BTS chain and thus everyone is rushing to get PTS/AGS before the 28th since most of the market seems to think that BTS is worth a lot as a DAC but other concepts are not.
https://bitsharestalk.org/index.php?topic=2851.0
February 20, 2014, 07:32:19 AM
will xcp be back on poloniex?
February 20, 2014, 07:11:15 AM
Can someone please explain what happens when two people try to sell at the bid price at the same time? Who gets the fill?
This is fundamental issue with Decentralized Distributed Exchanges.
This is fundamental issue with Decentralized Distributed Exchanges.
There's no such thing as 'at the same time' in the blockchain: two transactions in the same block are handled in order of appearance within the block.
but the order of the transactions can be different per miner... so its dependent on which miner solves the block?
Yes.
February 20, 2014, 06:26:50 AM
One important question: The big buy order in DEX is a scam? or not?
Its a "troll order" to clean up all the sell orders.
0.09999910 btc per xcp is "above market price" - so the buyer never intended to pay the BTC using BTCpay.
anyways this problem is fixed now using "fee" by the seller.
Indeed, now you can easily bypass this order by putting a fee bigger than 0.0005 (0,05%)
I don't get exacly how it is calculated though, but it seems that orders like this one are not matched by the troll order any more, which is a good thing (low fee possible)
Quote
4661 50 XCP 0.013 BTC/XCP 0.65 BTC
A clarification in the FAQ or the wiki is welcome (with examples) to let the genuine users know how to use the DEX efficiently without spending too much in fees.
PS: a scam, stricto sensu, is impossible on the DEX since it is a trustless system (and that's the beauty of it)
February 20, 2014, 05:56:49 AM
One important question: The big buy order in DEX is a scam? or not?
A bogus order
February 20, 2014, 05:56:07 AM
One important question: The big buy order in DEX is a scam? or not?
Its a "troll order" to clean up all the sell orders.
0.09999910 btc per xcp is "above market price" - so the buyer never intended to pay the BTC using BTCpay.
anyways this problem is fixed now using "fee" by the seller.
February 20, 2014, 05:39:20 AM
One important question: The big buy order in DEX is a scam? or not?
February 20, 2014, 05:32:28 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.
The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.
So, he's not that white finally? Too bad :/
if he is white he would have demonstrated it to developers
February 20, 2014, 05:16:18 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.
The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.
So, he's not that white finally? Too bad :/
February 20, 2014, 05:15:21 AM
Speaking only for myself, I agree creating more XCP is not a solution.
This whole situation, while unfortunate, has been handled well and I assume that will continue to be the case. That the Buy/Sell thread did not see a huge influx of panic selling was both surprising and impressive. The security issue has been fixed and the utility of the protocol remains intact. I don't see any other possible course of action other than waiting it out until more information is available. Namely, what the hacker decides to do and what busoni proposes.
It's absolute right!Support!Don't discuss this again.This whole situation, while unfortunate, has been handled well and I assume that will continue to be the case. That the Buy/Sell thread did not see a huge influx of panic selling was both surprising and impressive. The security issue has been fixed and the utility of the protocol remains intact. I don't see any other possible course of action other than waiting it out until more information is available. Namely, what the hacker decides to do and what busoni proposes.
February 20, 2014, 05:14:41 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.
The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.
Also About 7000 XCP were withdrawn from Poloniex until the withdrawn function was disabled.
This might also have an effect.
February 20, 2014, 05:06:57 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.
The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.
February 20, 2014, 05:06:51 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
[/quote
Really? I mean, my xcp did not move from poloniex, they just down the xcp market but they are still in their systems.
What would justify not giving them back?
Sorry for my noobish questions
you shouldnt be affected
February 20, 2014, 05:05:33 AM
Quote
That's completely defeating the purpose of PoB.
We've burned BTC to get a fixed amount of XCP. Issuing more XCP would make counterparty based on a lie.
That's why I think it's not gonna happen, it's completely on the opposite of (what appears to be) the philosophy of the devs.
Please, why don't everybody wait for the smoke to clears out and then we'll discuss. I've not lost a penny in this, but I'll stick together with the community if a bounty/ compensation fund or whatever clever decision is made.
I agree and IMO creating more XCP would be a contradiction of proof of burn.
I had XCP and buy orders on Poloniex. I will wait until things settle down.
Safe to say though that recovery rate won't be 100%.
February 20, 2014, 05:02:31 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
[/quote
Really? I mean, my xcp did not move from poloniex, they just down the xcp market but they are still in their systems.
What would justify not giving them back?
Sorry for my noobish questions
February 20, 2014, 04:55:37 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
50-50
February 20, 2014, 04:51:45 AM
Speaking only for myself, I agree creating more XCP is not a solution.
This whole situation, while unfortunate, has been handled well and I assume that will continue to be the case. That the Buy/Sell thread did not see a huge influx of panic selling was both surprising and impressive. The security issue has been fixed and the utility of the protocol remains intact. I don't see any other possible course of action other than waiting it out until more information is available. Namely, what the hacker decides to do and what busoni proposes.
This whole situation, while unfortunate, has been handled well and I assume that will continue to be the case. That the Buy/Sell thread did not see a huge influx of panic selling was both surprising and impressive. The security issue has been fixed and the utility of the protocol remains intact. I don't see any other possible course of action other than waiting it out until more information is available. Namely, what the hacker decides to do and what busoni proposes.
February 20, 2014, 04:50:09 AM
Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance
February 20, 2014, 04:09:36 AM
Quote
That's completely defeating the purpose of PoB.
We've burned BTC to get a fixed amount of XCP. Issuing more XCP would make counterparty based on a lie.
That's why I think it's not gonna happen, it's completely on the opposite of (what appears to be) the philosophy of the devs.
Please, why don't everybody wait for the smoke to clears out and then we'll discuss. I've not lost a penny in this, but I'll stick together with the community if a bounty/ compensation fund or whatever clever decision is made.
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