[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 386.

Bigcabrito

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Quote from: GreXX on August 19, 2014, 08:59:05 PM

Quote from: BrokenRam on August 19, 2014, 08:37:16 PM

I only see 350.1BTC transferred to the Xapo vault address: https://blockchain.info/address/1KwpHHKKx1278LYDeqannK8mpngvSok59x

Pre-sale funds should be 750BTC.

This was intentional. In light of recent events, we decided it would be safest to split the funds between 2 different wallets. We were going to use Circle as they have insurance but unfortunately they couldn't accommodate our request in a timely manner so we are deciding on a second solution. We will keep you updated.

I thought Circle and Xapo only covered $100 from its insurance policy.

GreXX

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Quote from: BrokenRam on August 19, 2014, 08:37:16 PM

I only see 350.1BTC transferred to the Xapo vault address: https://blockchain.info/address/1KwpHHKKx1278LYDeqannK8mpngvSok59x

Pre-sale funds should be 750BTC.

This was intentional. In light of recent events, we decided it would be safest to split the funds between 2 different wallets. We were going to use Circle as they have insurance but unfortunately they couldn't accommodate our request in a timely manner so we are deciding on a second solution. We will keep you updated.

BrokenRam

newbie

Activity: 16

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I only see 350.1BTC transferred to the Xapo vault address: https://blockchain.info/address/1KwpHHKKx1278LYDeqannK8mpngvSok59x

Pre-sale funds should be 750BTC.

mthompson362

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Quote from: GreXX on August 19, 2014, 04:30:29 PM

Actually this is not 100% technically true and after our custom blockchain technology, app store, and other features are announced and completed (which will take time, mind you) it would be possible. If you are part of the Storj team, we would actually like to talk to you but were trying to finish launch before approaching some partners.

Let me add for clarifications sake that I say not 100% technically true because he is correct in that you would still have to duplicate all of their software for distributed storage, in this case being DriveShare and MetaDisk. I don't know if you have seen their software but it would not be an easy task!

I am from the team!

Feel free to shoot us an email whenever you are ready. You can send me an email at [email protected] or send an email to [email protected] ; we would love to hear what you have to say and what you have in mind!

Litoshi

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Member of the Crypti Foundation Board of Directors

Quote from: xtester on August 19, 2014, 05:09:25 PM

Here is a "full report" of the Nxt - bter story: http://www.enterstageright.com/archive/articles/0814/cryptocurrpbterjob.htm

It's a bit too long, but indeed, quite intriguing.

This explains Lin's sudden trip to Canada.... that is where the hacker lives. He would need to bring evidence to the RCMP, who would get a warrant and confiscate the hackers computer, with the evidence on it.

DeadlyEskimo

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Quote from: Bitseed on August 19, 2014, 05:29:32 PM

At the same time we will be filtering total spends by a block under 1 crypti and subtracting the reciprocal of the total spends of a node in a block from calculated PoP to discourage spamming the network with small transactions to boost PoP.

Does this apply only on the Main blockchain or is it implemented on the custom ones aswell?

If so...
I'm imagining a company/Mutual Fund selling factional shares for factional XCR is mass quantity(given the value of 1 XCR it seems unlikely but in the future). What kinda of impact would that have on users foraging ability?

DeadlyEskimo

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Quote from: Bitseed on August 19, 2014, 05:48:51 PM

@DeadlyEskimo Thanks for posting the possible exploit. We welcome suggestions and discussion of these kinds of scenarios since there is always the possibility of something we haven't thought of in advance. It is much better to discover a potential problem in the forum than to have it show up in the actual operation of the network.

My thoughts as well, and no problem I appreciate the prompt responses from the team.

Bitseed

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@DeadlyEskimo Thanks for posting the possible exploit. We welcome suggestions and discussion of these kinds of scenarios since there is always the possibility of something we haven't thought of in advance. It is much better to discover a potential problem in the forum than to have it show up in the actual operation of the network.

Bitseed

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Quote from: GreXX on August 19, 2014, 04:19:23 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:47:55 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:33:31 PM

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

The scenario of self dealing transactions through a captive merchant node was considered in designing the algorithm. We are using a log base 10 function to favor multiple smaller transactions over a period of time, typical of normal use, over single large spends. At the same time we will be filtering total spends by a block under 1 crypti and subtracting the reciprocal of the total spends of a node in a block from calculated PoP to discourage spamming the network with small transactions to boost PoP. PoT is also weighted more heavily then PoP. These features, along with the random tie-breaking GreXX mentions above, will penalize attempts to game the system.

profitofthegods

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Activity: 378

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Quote from: GreXX on August 19, 2014, 04:30:29 PM

Quote from: mthompson362 on August 19, 2014, 12:18:09 PM

Quote from: ?? on ??

Quote from: GreXX on August 19, 2014, 11:50:11 AM

Quote from: DeadlyEskimo on August 19, 2014, 10:44:37 AM

Can I use Crypti's Custom block chain to create an app that allows cloud storage on my own custom blockchain similar to having the entire Storj idea within an App within Crypti?

This would be a possibility, yes.

Nice!

You can use the blockchain to create a blockchain for a coin like SJCX, but you can't create something like the Storj platform on Crytpi. You can use a custom bockchain to store things, but if you want to store things like what Storj is going for then you be held down by blockchain bloat. In other words, creating the coin aspect of Storj (i.e Storjcoin X (SJCX)) is possible but the rest of our platform is not - there is a lot more to Storj than its coin.

Actually this is not 100% technically true and after our custom blockchain technology, app store, and other features are announced and completed (which will take time, mind you) it would be possible. If you are part of the Storj team, we would actually like to talk to you but were trying to finish launch before approaching some partners.

Let me add for clarifications sake that I say not 100% technically true because he is correct in that you would still have to duplicate all of their software for distributed storage, in this case being DriveShare and MetaDisk. I don't know if you have seen their software but it would not be an easy task!

Glad to see you're going to be actively looking to explore partnerships with other projects when the time is right GreXX; between the app store and the custom block chains there seems to be a huge potential for Crypti to do that very profitably.

xtester

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Risk taker & Black Swan farmer.

Here is a "full report" of the Nxt - bter story: http://www.enterstageright.com/archive/articles/0814/cryptocurrpbterjob.htm

It's a bit too long, but indeed, quite intriguing.

DeadlyEskimo

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Activity: 179

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Quote from: GreXX on August 19, 2014, 04:39:19 PM

Correct, it is based of of your last forged block. So in essence, your weight resets, the other 3000 or 10,000 nodes that are running, do not.

Ok, thanks for answering.

GreXX

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Activity: 518

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Quote from: DeadlyEskimo on August 19, 2014, 04:34:48 PM

Quote from: GreXX on August 19, 2014, 04:19:23 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:47:55 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:33:31 PM

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

If I'm running a Node then I will be on par with everyone else running a Node and have the same weight in PoT so to earn the block all I have to do is have the highest weight from PoP correct?

**Edit**

I think I found the answer in the whitepaper.

"So, to sum up PoT, you run your wallet, which runs a node for us on the network, which awards you a cumulative weight until you earn a block reward, at which point it resets"

Correct, it is based of of your last forged block. So in essence, your weight resets, the other 3000 or 10,000 nodes that are running, do not.

DeadlyEskimo

full member

Activity: 179

Merit: 100

Quote from: GreXX on August 19, 2014, 04:19:23 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:47:55 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:33:31 PM

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

If I'm running a Node then I will be on par with everyone else running a Node and have the same weight in PoT so to earn the block all I have to do is have the highest weight from PoP correct?

**Edit**

I think I found the answer in the whitepaper.

"So, to sum up PoT, you run your wallet, which runs a node for us on the network, which awards you a cumulative weight until you earn a block reward, at which point it resets"

DeadlyEskimo

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Activity: 179

Merit: 100

@GreXX - When is the PoT weight reset? or are both PoT and PoP reset every block?

GreXX

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Merit: 500

Quote from: mthompson362 on August 19, 2014, 12:18:09 PM

Quote from: ?? on ??

Quote from: GreXX on August 19, 2014, 11:50:11 AM

Quote from: DeadlyEskimo on August 19, 2014, 10:44:37 AM

Can I use Crypti's Custom block chain to create an app that allows cloud storage on my own custom blockchain similar to having the entire Storj idea within an App within Crypti?

This would be a possibility, yes.

Nice!

You can use the blockchain to create a blockchain for a coin like SJCX, but you can't create something like the Storj platform on Crytpi. You can use a custom bockchain to store things, but if you want to store things like what Storj is going for then you be held down by blockchain bloat. In other words, creating the coin aspect of Storj (i.e Storjcoin X (SJCX)) is possible but the rest of our platform is not - there is a lot more to Storj than its coin.

Actually this is not 100% technically true and after our custom blockchain technology, app store, and other features are announced and completed (which will take time, mind you) it would be possible. If you are part of the Storj team, we would actually like to talk to you but were trying to finish launch before approaching some partners.

Let me add for clarifications sake that I say not 100% technically true because he is correct in that you would still have to duplicate all of their software for distributed storage, in this case being DriveShare and MetaDisk. I don't know if you have seen their software but it would not be an easy task!

GreXX

hero member

Activity: 518

Merit: 500

Quote from: samsmith16 on August 19, 2014, 12:09:19 PM

Quote from: ?? on ??

Quote from: GreXX on August 19, 2014, 11:50:11 AM

Quote from: DeadlyEskimo on August 19, 2014, 10:44:37 AM

Can I use Crypti's Custom block chain to create an app that allows cloud storage on my own custom blockchain similar to having the entire Storj idea within an App within Crypti?

This would be a possibility, yes.

Nice!

I'm not sure you anyone saw this http://Cryptiv.com crypto tipping platform with the Ͼ symbol.. may be something to look in to as well..

http://youtu.be/qjgaPGR1R1Y

Maybe we can hire them to add Crypti to their tipping service and then convince them to make some Crypti Apps! (P.S. had not seen this before)

GreXX

hero member

Activity: 518

Merit: 500

Quote from: DeadlyEskimo on August 19, 2014, 03:47:55 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:33:31 PM

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

DeadlyEskimo

full member

Activity: 179

Merit: 100

Quote from: CoinHolder on August 19, 2014, 04:04:22 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:33:31 PM

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Simply add rating in PoP only 1 time from each different Merchant account. So you will not get high rating from 1 store.

That could work, give an additional weight to the number of different merchants you spend XCR at. This should have a higher weight than just a single large expenditure at any one merchant.

DeadlyEskimo

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Activity: 179

Merit: 100

Quote from: samsmith16 on August 19, 2014, 04:03:00 PM

Quote from: DeadlyEskimo on August 19, 2014, 03:33:31 PM

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Sounds like a fools errand... your earning your own fees back?? I say if you have spear time go for it...

There are fees for everything in the network so if there are standard transaction fees for user to user then you would earn those also.

I'm not saying its the most profitable/ best idea but its still a vulnerability.

Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 386. (Read 804700 times)