Bitcoin Forum

Bitcoin => Project Development => Topic started by: malefice on November 16, 2013, 07:48:00 PM



Title: Mastercoin, how do you reverse?
Post by: malefice on November 16, 2013, 07:48:00 PM
May the folks from mastercoin answer me about a problem the spec does not address:

x is a saving account with 365 days of reverse
a hacker hacks x and transfers mastercoins to his account
the hacker then spends the coins and these coins are spent again and again
the owner discovers it and reverts.

do you revert all transactions? this seems not possible to me and hardly what we want, because selling with mastercoins becomes risky.

thx!


Title: Re: Mastercoin, how do you reverse?
Post by: TKeenan on November 16, 2013, 08:09:33 PM

the hacker then spends the coins and these coins are spent again and again
Hacker can't spend coins on reserve.  They just sit there in the penalty box waiting for the reserve time to expire.


Title: Re: Mastercoin, how do you reverse?
Post by: vintagetrex on November 16, 2013, 09:11:33 PM

the hacker then spends the coins and these coins are spent again and again
Hacker can't spend coins on reserve.  They just sit there in the penalty box waiting for the reserve time to expire.

don't listen to TKeenan he's a huge misinformation troll just trying to talk up his favorite coin.  You clearly found a new exploit.  Looks like master coin is gonna tank everybody sell that shit is not secure at all!!!!


Title: Re: Mastercoin, how do you reverse?
Post by: vintagetrex on November 16, 2013, 09:48:32 PM

the hacker then spends the coins and these coins are spent again and again
Hacker can't spend coins on reserve.  They just sit there in the penalty box waiting for the reserve time to expire.

don't listen to TKeenan he's a huge misinformation troll just trying to talk up his favorite coin.  You clearly found a new exploit.  Looks like master coin is gonna tank everybody sell that shit is not secure at all!!!!

I was just joking, tkeenan is correct


Title: Re: Mastercoin, how do you reverse?
Post by: malefice on November 17, 2013, 06:27:40 AM
ok, so I have to choose my reverse time carefully because I can't spend my savings in this time interval