Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 416. (Read 804700 times)

ok editing of the blockchain my mistake.

It was an editting of the blockchain, not a rollback. 

Looks like rollback option is gaining traction. This is in our best interests.

Also, if I had NXT right now I'd be rushing to purchase assets to preserve my purchasing power as NXT price will collapse. NEMstake is a good bet.

Enjoy the escrow money!

BTER be borrowing against the 750 BTC escrow like the USA be borrowing against Social Security! (just a joke  )

 

You got yours out? My withdrawal is still pending..

Edit: YEP! WORKING!

Edit2: See, like I said it.

BTER withdrawals are enabled, woohoo  Getting my BTC out and done with exchanges for now. Will be sitting on my BTC and XMR locked away and finish some IPO's that I still got going. After that, I'll just wait for proper P2P exchanges

Whales are not the problem, stupid people are. People like ones who got lucky (bought millions of NXT at few Satoshi) and then just do nothing - no contribution to coin at all.
If you look at NXT forums you will see how few people there are actualy doing something - and not all those people are majority stakeholders, some might have a few thousands
NXT at best.

Bter update

Bter are currently busy integrating the new NXT client, and have not provided us with the new Bter Crypti address for the genesis block yet.
Moreover, they did not have time to work on integrating the Crypti mainnet version.

In light of the above, we elected to postpone the Crypti launch as well, and will update the community with the date, once we hear from Bter regarding the above two items.


Crypti safety

There was a possibility raised in this thread, that Crypti on Bter might have been affected by this attack as well. This however impossible, as Crypti was only supposed to be launched today night, and so far exist in genesis block form only. Due to this event, the Bter account holding these Crypti will be changed in genesis block, ensuring the attacker won't be able to access it.

You probably do should change your password on Bter ASAP, and also enable 2 factor authentication, if you still don't have it.

Also, for these withdrawing Crypti to their wallets from Bter (once possible), we strongly recommend enabling the second pass phrase for sends, as it will provide an additional layer of security.

Selling out Cripty is just a way to lose a lot of money... Bter is working on problem and we can just wait but solding out Cripty is not a solution to this couse you still cant widraw BTC... there is no point o9f doing that

Well, I wake up after a nights sleep and the planes have hit the towers again.

After catching up on the last 5 pages of posts written in the last 6 hours, I would like to point out several items:

1 ) CRYPTI can survive this, as a coin, because no pre-sale investor in XCR has truly lost any money, yet.   Some have sold at less than the high at 2500, but still made BTC on the sale. That is called "investing".  If you bought in at 2000 and sold at 1300.... thats called trading, you pay your money and you take your chance.

2 ) The XCR devs stand to lose the most, becuz their 750 BTC is at Bter.  If Bter takes a walk, the BTC disappears.  We investors also lose our BTC invested.  We can still get our XCR from the devs directly into the wallet, but the devs will be operating without funds they were counting on from the pre-sale.  They do have 15million XCR left in the genesis block worth 150BTC at 1000 satoshi per XCR.  Not a lot by comparison, but something.

3 ) XCR can be launched on another exchange.  Since the development is now complete, the wallets would be available, and investors could buy actual coins, not tokens.  However, after losing  BTC in the first launch, who would buy in?

4 ) the maxmint investors are sitting pretty good now.

5 ) Culturally, the Chinese tend to act with a herd mentality.  Bank runs are common in Hong Kong, often started with a rumor.  Remember the iodized salt buying panic in China after the Fukushima melt down?  The price of coins on Bter is dropping due to the "sell and get out" mentality of the account holders.  

6 ) Despite world events, value always rises to the top.  If you hold something of real value, it may become momentarily worthless, but in time will regain and surpass its pre-disaster value. Example:  Gold is of little value to a thirsty man in the middle of the desert, but is of great value once that man reaches civilization.

So, my advice is to just sit tight and wait.  There is nothing you can do to help the situation, you can only make panic decisions that will hurt you.  Remember what I posted days ago about trading on emotion?

+1! Already installed it. I believe it help Bter to survive. Only Bter account's outgoing transactions will be erased.

They did not have two factor authentication securing a server. That was how the hacker got in.

The good news is that we know the attack vector was relatively primitive. Other funds and coins on deposit at BTER should be safe. The only risk I foresee to BTER as an exchange is if their capital reserves are inadequate to cover mass withdrawals of BTC or are inadequate to cover them for losses arising from the NXT heist. I think their capital reserves are relatively low and therefore hope they can negotiate their way out of it. Big love.

It will be the same for Crypti but cost a little more. I can buy almost a million Crypti which is 1% and I'm not rich by any means. It seems that no matter where you go there will always be whales that collect, hold and dump some time later.

if it had never been delayed I would have had my crypti on Trex by now.

BTER wont be enabling anything until the situation is cleared.

Given the speed at which this whole situation is being resolved, if the Crypti devs prep their new package to be delivered to BTER, within a reasonable amount of time after the resolution we could have a new genesis and BTER can do their final test.

Soon enough it will be business as usual. Additionally this time could be used to work on the wallet as I'm sure many Crypti adopters are anxiously waiting to withdraw from BTER.

Few hundreds BTC stolen or around 3,500 BTC stolen is quite a big difference.


Problem is Bter, they were too greedy and instead of keeping majority of NXT in offline (cold) wallet they opted for online wallet so they can make dimes by forging NXT blocks.

Make few USD per day for a while and then lose everything, very smart move, not!

I belive if they make it right Bter will survive... There was atacks on Poloniex and other exchanges but they survived them...

Nice rollback that sh*t and screw the hacker