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Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 148. (Read 339472 times)

full member
Activity: 150
Merit: 100
Tor itself has a known security vulnerability on exit nodes.

What security vulnerability? Tor is has almost never the weakest link. I feel like that FAQ is making a lot of claims and not many sources are given.

Bud you need to keep up. NSA has backdoored TOR and the last SR bust apparently came from leaky ip codes.

That might be true, however it has not been proven. What they mean is that a Tor exit node (which anybody can set up) can be easily sniffed by performing a man in the middle attack, stealing your data.

You guys are taking a small piece of information without actually understanding the technology and assuming a lot. Yes Tor exit nodes are CAPABLE of being sniffed but that is by design. This problem is easily mitigated by using HTTPS (or other solutions).

Tor itself has a known security vulnerability on exit nodes.

What security vulnerability? Tor is has almost never the weakest link. I feel like that FAQ is making a lot of claims and not many sources are given.

Bud you need to keep up. NSA has backdoored TOR and the last SR bust apparently came from leaky ip codes.

There is no proof for this claim and its more likely that they messed up somewhere else, there were a lot easier points of weakness than Tor.



Actually a short search of recent articles in the NTY or the Observer would come up with a number of  articles showing strong circumstantial evidence that NSA is circumventing TOR and has been devoting alot of money and time to doing so.
newbie
Activity: 42
Merit: 0
Hypothetical scenario:

Suppose Bob sells a guitar to Alice.
Both of them deposit the value in a shared account.

Bob gets the payment and notifies the system that all is good.
Alice does get the guitar and is satisfied with it. She however forgets to notify the system in order for the release of the amount from the double escrow account

The escrow times out and both of them loose  money .
i.e:
 alice has now payed x(Deposit) +x(money payed to bob) = 2x
 and bob has nothing now => x(money received from alice ) -  x(deposit) =0 [and the guitar is gone]

Is there a way to recover from that ?

Please note: I am a substantial investor in bitbay and believe it its future .. This is just a question ..not a fud:).

Good question, I don't think any rational person would consider this fud, quite the opposite I think constructive questions are much appreciated by most.

I'd also like to hear the answer from the bitbay team on that but I'd think since the funds don't get burned but go to the bitbay team there might be some sort of grace period, where if both parties issue a ticket to the support, with the transaction id, or something along those lines, they might be able to still get their money after the expiration date.

Again this is just speculation on my part though, but now Im curious about the solution to this problem as well.
sr. member
Activity: 308
Merit: 250
thrasher.
Tor itself has a known security vulnerability on exit nodes.

What security vulnerability? Tor is has almost never the weakest link. I feel like that FAQ is making a lot of claims and not many sources are given.

Bud you need to keep up. NSA has backdoored TOR and the last SR bust apparently came from leaky ip codes.

That might be true, however it has not been proven. What they mean is that a Tor exit node (which anybody can set up) can be easily sniffed by performing a man in the middle attack, stealing your data.

You guys are taking a small piece of information without actually understanding the technology and assuming a lot. Yes Tor exit nodes are CAPABLE of being sniffed but that is by design. This problem is easily mitigated by using HTTPS (or other solutions).

Tor itself has a known security vulnerability on exit nodes.

What security vulnerability? Tor is has almost never the weakest link. I feel like that FAQ is making a lot of claims and not many sources are given.

Bud you need to keep up. NSA has backdoored TOR and the last SR bust apparently came from leaky ip codes.

There is no proof for this claim and its more likely that they messed up somewhere else, there were a lot easier points of weakness than Tor.

sr. member
Activity: 280
Merit: 250
NOT FUD! FACTS!
Hypothetical scenario:

Suppose Bob sells a guitar to Alice.
Both of them deposit the value in a shared account.

Bob gets the payment and notifies the system that all is good.
Alice does get the guitar and is satisfied with it. She however forgets to notify the system in order for the release of the amount from the double escrow account

The escrow times out and both of them loose  money .
i.e:
 alice has now payed x(Deposit) +x(money payed to bob) = 2x
 and bob has nothing now => x(money received from alice ) -  x(deposit) =0 [and the guitar is gone]

Is there a way to recover from that ?

Please note: I am a substantial investor in bitbay and believe it its future .. This is just a question ..not a fud:).



You can NEVER have a retarded-proof system.


copper member
Activity: 97
Merit: 10
Leave everything to me!
Halo recommends "a deposit at least 2 times the amount being sent."

I believe Alice, at the least, would have to escrow deposit twice the amount.

You would never want to be 2:0 in a trade as you would be left high and dry every time.
Quote
alice has now payed x(Deposit) +x(money payed to bob) = 2x
 and bob has nothing now => x(money received from alice ) -  x(deposit) =0 [and the guitar is gone]

Let us hope that the contracts are smarter than we are.  Wink
full member
Activity: 150
Merit: 100
Hypothetical scenario:

Suppose Bob sells a guitar to Alice.
Both of them deposit the value in a shared account.

Bob gets the payment and notifies the system that all is good.
Alice does get the guitar and is satisfied with it. She however forgets to notify the system in order for the release of the amount from the double escrow account

The escrow times out and both of them loose  money .
i.e:
 alice has now payed x(Deposit) +x(money payed to bob) = 2x
 and bob has nothing now => x(money received from alice ) -  x(deposit) =0 [and the guitar is gone]

Is there a way to recover from that ?

Please note: I am a substantial investor in bitbay and believe it its future .. This is just a question ..not a fud:).


My understanding is that the buyer who will be receiving goods will always have less risk than the seller and thus must post more escrow. Thus Alice has much more motivation not to forget.

Would like to hear others opinions on this.
member
Activity: 84
Merit: 10
Nice FAQ, each time FUD appears, kill it with the FAQ.   Wink
Cant wait till markets are up and i can sell my shit, this coin is really legit, i knew this before FAQs have been posted.  Cool
hero member
Activity: 776
Merit: 557

- 33% of dev fund at btc at delivery of wallet with integrated smart contracts (Dec. 5th, 2014)



I guess this Friday (5th) should be pretty interesting Smiley



With this fund release will the devs be buying Bitbay does anyone think? Just curious really. I'm not to worried about price as its still very early days and i'm not selling for at least a few years.
newbie
Activity: 42
Merit: 0
Great faq, I was actually surprised that I had a few misconceptions, that were cleared up by it, but now I'm even more excited about this project.
Also it should keep the thread clear for new questions instead of getting the same old questions over and over again.

I had a couple misconceptions too!  Thank you guys for putting it together!  Now we can all just refer to this link when someone asks some questions.
newbie
Activity: 42
Merit: 0
Great faq, I was actually surprised that I had a few misconceptions, that were cleared up by it, but now I'm even more excited about this project.
Also it should keep the thread clear for new questions instead of getting the same old questions over and over again.
full member
Activity: 142
Merit: 100
Brilliant faq very happy investor bitbay looking more and more like the real thing now can't wait for friday
full member
Activity: 182
Merit: 100

- 33% of dev fund at btc at delivery of wallet with integrated smart contracts (Dec. 5th, 2014)



I guess this Friday (5th) should be pretty interesting Smiley

full member
Activity: 182
Merit: 100
This coin is looking more & more solid every day.
Thanks to the BitBay team for putting together this much needed FAQ.
And congrats to everyone intelligent enough to invest in BAY.
-spooky
hero member
Activity: 1540
Merit: 500
Wow. Very nice FAQ. I never actually thought about how it can take over freelance websites and the way you explained about Odesk really blew my mind. Really huge potential!!!  Cool

As a person who uses Odesk to post jobs I am really looking forward to it!

What is multicoin wallet?

If I'm using bay for freelancing as well as selling stuff in marketplace. Can I keep those funds separated so I don't get confused? Is that the point of multicoin wallet?

Another example is. If I'm a seller and buyer in marketplace. Can I keep those accounts separated so when I buy something it uses fund from my "buyer" account and when I sell something that fund comes to my "seller" account?

I'm not sure if that's possible but something that can be very helpful if it's integrated inside the wallet.



sr. member
Activity: 364
Merit: 250
Tor itself has a known security vulnerability on exit nodes.

What security vulnerability? Tor is has almost never the weakest link. I feel like that FAQ is making a lot of claims and not many sources are given.

Bud you need to keep up. NSA has backdoored TOR and the last SR bust apparently came from leaky ip codes.

That might be true, however it has not been proven. What they mean is that a Tor exit node (which anybody can set up) can be easily sniffed by performing a man in the middle attack, stealing your data.
sr. member
Activity: 381
Merit: 250
Decentralized escrow idea seems nice, I hope it'll work properly and you'll make difference in this marketing sector. Also it's good to have important contacts in Alibaba, top selling product vendors have ready buyers and it creates efficient market in the future, that really sounds good! To gain buyers' trust security implements are the most important thing in marketing, you should work hard about it. I believe in this Dev Team, waiting with impatience for Q1 2015!
hero member
Activity: 687
Merit: 502
That FAQ should kill most of the fud that have been going on in this thread. Good work devs !
legendary
Activity: 2730
Merit: 1068
Juicin' crypto
Great FAQ.  I was waiting for this before I started busting balls around here re. where this coin was headed as well as the sleepy value (for now), but it's nice to see a legitimate FAQ to instill soem confidence in investors and the coin as a whole. 
full member
Activity: 150
Merit: 100
Tor itself has a known security vulnerability on exit nodes.

What security vulnerability? Tor is has almost never the weakest link. I feel like that FAQ is making a lot of claims and not many sources are given.

Bud you need to keep up. NSA has backdoored TOR and the last SR bust apparently came from leaky ip codes.
sr. member
Activity: 449
Merit: 250
don t touch my Bits

can anyone tell me  how to attache a jpeg file here?

Thanks

[1] - Go to http://imgur.com

[2] - upload an image (you don't need an account)

[3] - copy the [IMG] link for BBCode (message boards & forums)

[4] - paste it in here

thanks very much
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