What Dave Jevans recommends moving forward is a 3FA approach. Has anyone used this or what are your thoughts?
You can install as many security mechanisms as possible if the users act carelessly in the end. Social engineering is a broad field, so you can't say exactly how the hackers got to the data, but it often happens via a personal mail asking to change the password and then redirected to a fake site. It is difficult to prevent such mistakes from individual users. worst case possibility`s they kill you? or they kid nap you? right? the "hackers, or hijackers, or murders, or thieves" whatever you want to call them. |
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should we all go out in these from now on with super thick glasses and wear gloves at all times? make sure to hold our breath the entire time and our piss and shit, they could see where you are when you piss, they own the sewer systems. Don`t you even think of shedding 1 single hair or skin flake.  |
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3FA could work for a while and I am sure hackers will find a way to obtain your fingerprint or retinal scans and use a digital copy of it to bypass security. Any security employed always have the weakest link, the user or human nature that can be exploited.
If 3fa is as I suggested how will they not get caught? I mean lets say worst case scenario, Let`s say the physically kill your or kidnap you, the funds move on your account, it is reported to blockchain and it sorts it out to the robo network that tells the people, the people are the police, when buddy tries to use the funds at any store the merchant who is a police officer as well, they will arrest him, the cameras will catch him long before he has anything to buy anyways I am sure of it. So even worse case scenario because if they kill you, we will all know because your dna has gone stale, or you have no re upload your own video to the network in a few weeks to reverify. We will be able to see that you have not bought food in 2 weeks and your family probably already reported you missing. I mean like we can see on video if it is you or not when you are 3fa`ing, here is the global sound you make while they force your face to the camera with a gun being point at you, "help they are robbing me lol" "CAW CAW" "CAW CAW" Heck just tilt the camera a little towards them and we will see or just give them the funds, and after tell the network lol. |
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We should all be cops, bankers, military, judges, fire force, government. (IF WE WANT TO BE WILLINGLY) We should all be voting on issues We should all be able to make issues to vote on We should all have at least 1 back up house, with self sustaining food, water and green energy. If not why not 2 or 3. We should be on mars by now We should be on the moon by now We could of been in another galaxy by now! Patents hold us back, same with copyright. WHY? LIKE WTF? ARE YOU DOING? GREED BLINDS YOU. open source that shit If every greedy person stopped being greedy, there would be more for everyone not just everyone, but them included. Who wants a free moment of my time? Go ahead ask me anything? We don`t live in fear, they do. They are the ones with the bunker backups for them, not US! https://www.youtube.com/watch?v=WQtRDr0qHvYTHAT OUR LIMITED WORK AND TIME PAID FOR! IT ALSO PAID FOR THEIR JOB TO PROTECT THEM, NOT US! |
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3FA could work for a while and I am sure hackers will find a way to obtain your fingerprint or retinal scans and use a digital copy of it to bypass security. Any security employed always have the weakest link, the user or human nature that can be exploited.
True, DNA(spit,blood,sweat,piss,shit) is the ultimate solution, if it was tied into the hospital records we would even be able to tell if the DNA used by that person on the chain is dead. It would be pretty easy to catch people in a p2p network sending one users funds they stolen to another to link it to them, if you don`t get killed and get robbed you just say hey police robo cop network, my funds were stolen, freeze them. If you make people renew it once a year, we can make sure no dead people are voting or collecting UBI. People will stop stealing from eachother, and they will be 100% sure to get caught when they do. But 2FA < 3FA < 4FA < 5FA < ∞ Is better than 1 or 2 FA fingerprints is the easiest way to go (some people don`t have fingers) eyes is another easy way to go (some people don`t have eyes) DNA is universal. They don`t have to be pictures, they can be videos, making the person in the video do certain things or random things to verify more proof of person. We really need to be careful here, not all earthlings are on the same page, if this tech is used in the wrong hands, it could wipe out a entire gene pool, drones could scan your face from the sky and 1 tap you. We need to keep it away from religious radicals and terrorist. Imagine I had a blockchain of everyone and their face in my country, we could set up drone helicopter or plane to scan your face and if it does not match our data base, it kills you. Granted here in Canada, China and US, they already have street cams that are linking you to your facebook and email. So Yah... I don`t know what to do  This is public tech, https://www.youtube.com/watch?v=aE1kA0Jy0Xg Imagine what they got. We really need to make a Super Colony to prevent this from happening, The tech is in the wrong hands, So is the money supply, It needs to be in all of our hands, so all of humanity's interest are invested in. It was reverse psychology on all of these One World Order things (conspiracy things on youtube) Government speeches. We want a one world order, but we want one that does not force us to be a part of it, we are willing. The One World Order to be run by all of us. Divide and Conquer is how they win. Unite and Conquer is how we all win. https://www.youtube.com/watch?v=wMKpYxhI2KI10,000 thumbs up 99%, 90 thumbs down 1% (well close enough) 90 out of 10,000 people are greedy. THAT ORDER NEEDS TO BE OUR ORDER. "And so long as men die, liberty will never perish." COME AT ME BANKERS, COME AT ME POLITICIANS, COME AT ME YOU MACHINE MEN. I am the Matter that cannot be crushed anymore, every time you kill me I come back, brighter than ever, go ahead try and put out my flame, I dare you. |
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3FA could work for a while and I am sure hackers will find a way to obtain your fingerprint or retinal scans and use a digital copy of it to bypass security. Any security employed always have the weakest link, the user or human nature that can be exploited.
True, DNA(spit,blood,sweat,piss,shit) is the ultimate solution, if it was tied into the hospital records we would even be able to tell if the DNA used by that person on the chain is dead. It would be pretty easy to catch people in a p2p network sending one users funds they stolen to another to link it to them, if you don`t get killed and get robbed you just say hey police robo cop network, my funds were stolen, freeze them. If you make people renew it once a year, we can make sure no dead people are voting or collecting UBI. People will stop stealing from eachother, and they will be 100% sure to get caught when they do. But 2FA < 3FA < 4FA < 5FA < ∞ Is better than 1 or 2 FA fingerprints is the easiest way to go (some people don`t have fingers) eyes is another easy way to go (some people don`t have eyes) DNA is universal. They don`t have to be pictures, they can be videos, making the person in the video do certain things or random things to verify more proof of person. We really need to be careful here, not all earthlings are on the same page, if this tech is used in the wrong hands, it could wipe out a entire gene pool, drones could scan your face from the sky and 1 tap you. We need to keep it away from religious radicals and terrorist. Imagine I had a blockchain of everyone and their face in my country, we could set up drone helicopter or plane to scan your face and if it does not match our data base, it kills you. Granted here in Canada, China and US, they already have street cams that are linking you to your facebook and email. So Yah... I don`t know what to do This is public tech, https://www.youtube.com/watch?v=aE1kA0Jy0Xg Imagine what they got. some more stuff https://www.youtube.com/watch?v=Cgxsv1riJhIhttps://www.youtube.com/watch?v=4BdyGFfaRlk |
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With the recent Binance hack of 7,000 BTC cyber security firm Ciphertrace pointed out that the reason hackers were able to obtain API keys, 2FA codes and other info was due to hacking hot wallets using a two factor approach, social engineering and SIM card porting of phone numbers. What Dave Jevans recommends moving forward is a 3FA approach. Has anyone used this or what are your thoughts? https://cryptobriefing.com/binance-promises-to-cover-7000-btc-lost-in-hack/Here is a few things they can do POP proof of person https://www.youtube.com/watch?v=l4x0vOAu0lQThey could also when they see a bunch of accounts withdrawing or trading alts into bitcoin at the same time, freeze those accounts. Set up a "line up" where they can only service one person at a time. Every time these big exchanges get hacked there is so many accounts doing something at the same time. Why not have a Queue? Imagine being in a mcdonalds and everyone walks up and orders something from the cashier at the same time, that is what is going on here. Why not make them form a line and take each customer one at a time? or 3-4... Kind of like a data throttle or engine throttle Granted this will only stop massive attacks and slow them down, but small scale attacks will be done if they don`t use 3fa. 850,000 coins went missing more than satoshi owns has because of not having a line, at mt.gox. It is pretty simple you set up a system where "if certain amount of users withdraw or alts are being traded and exchanged for btc which exceeds above normal a rate of traffic by 1.5x or 2x transactions" exec queue timer. I don`t know I am no expert at coding but I am sure it would not take much. To do the later suggestion. |
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hi, in my opinion if it wasn't limited to 21m, then we won't seen the price of it even grow. just like a Fiat currency that if a government keep printing them the price of it falls and there will be stagflation in the country.
Bitcoin is in its very early stage and for that reason the limited supply isn't the most important aspect of buying it. Ethereum has no limited supply, yet it kept going up hard because the demand greatly exceeded the supply. With how crypto in general grows, and as long as the rate of inflation isn't an exorbitant percentage, the increasing demand will always outperform the rate of inflation, and I don't see this end in the coming 10 or so years. Eventually it will matter, but for now it really doesn't. Bitcoin is a tiny drop in an ocean of capital that need a regulatory framework to consider it a safe and interesting enough asset class to allocate capital to. hi, in my opinion if it wasn't limited to 21m, then we won't seen the price of it even grow. just like a Fiat currency that if a government keep printing them the price of it falls and there will be stagflation in the country.
Bitcoin is less of a currency and more of an asset class. Finite supply is a fundamental feature of Bitcoin. No compromise on it will be accepted.
I too think for now bitcoin as an asset. Without the 21 million cap, maybe it woun't be a great investment and prices wouldn't be pegged to go up. Bitcoin is less of a currency and more of an asset class. Finite supply is a fundamental feature of Bitcoin. No compromise on it will be accepted.
 I mean let us put the price of fiat measured as bitcoin aside, and just look at bitcoin or gold(limited supplies). What happens in the future? https://www.youtube.com/watch?v=Y7TLFyK_3PkOk granted you can work for ones coins, but why not start the race at the same time? Why are we enslaving our future people. Why don`t they get to mine? To anyone being born after 2030 bitcoin looks like a 100% premine and someone else`s money supply. I think time and duration is the answer, we all make it at a constant (unlimited) we all stop making it when we die (limited) we all go to work for a certain amount of duration, and could get paid in time/duration representing coins. Thoughts? |
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So let me get this straight
A re-org to them, is to go back in time and fork the blockchain pretty much? So everyone else doing transactions on the network can suck it, because of their mistake? What about all the merchants who sold stuff during that time and the people that bought items and all the other transactions going on in the network?
"we decided NOT to pursue the re-org approach" how do you even think that is a approach in the first place? I mean it is (it should not be, unless all the users on the network agree, not the miners.) but it is not for Binance to say.
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Normally, a large re-org could never happen because it would cost miners a fortune to re-do that many blocks. However, Binance could pay for the re-org by giving miners the stolen 7000 BTC (70 BTC per block vs. 12.5 BTC per block).
It can`t happen because you can`t force the miners to leave whatever chain that they want to follow, unless you are 51% of them. Oh nice, So we give 7000 btc to miners to destroy our planet some more ^_^ and the people can buy them back from the miners again ^_^ |
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A "re-org" simply means switching to a different (though equally valid) version of the block chain. "Roll-back" is another word for "undo". I have never heard the term "re-roll".
In general, there are occasional splits (or "branches") in the block chain. This happens when two miners mine a block at about the same time. Each miner publishes their block and some miners adopt one block (block A) and other miners adopt the other block (block B).
The rule is that the "longest" chain is the "main" chain. In this case, both versions of the chain are the same length, but at some point, a miner will mine a block on one of the branches, making it the longest chain. At that point, all of the miners that were mining on the other branch must switch to the longest chain. This switch is called a "re-org".
Re-orgs happen occasionally, and are not a big deal if it only involves one or two blocks. In the Binance case, miners would create a branch of the block chain containing all of the transactions since the hacker's transaction, but excluding the hacker's transaction. If enough miners jumped on board, the new branch would become the longest chain. The re-org would be huge (100 or more blocks) and would be very disruptive.
Normally, a large re-org could never happen because it would cost miners a fortune to re-do that many blocks. However, Binance could pay for the re-org by giving miners the stolen 7000 BTC (70 BTC per block vs. 12.5 BTC per block).
re·org /ˈrēˌôrɡ,rēˈôrɡ/ informal noun noun: reorg; plural noun: reorgs 1. a reorganization. verb verb: reorg; 3rd person present: reorgs; gerund or present participle: reorging; past tense: reorged; past participle: reorged 1. reorganize. "in less than a year, we've been reorged three times" They do not want to consider reorganizing, " we decided NOT to pursue the re-org approach", no the 51% of the miners decide that. What they meant was roll-back or re-roll (otherwise their statements make no sense). How you going to ask for 51% of the hashing power LOL. 81% of it is in china. |
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I know what bitcoin is, how blockchain works, but I never heard the term Re-org, Roll back and Re-roll I read them in a article today on the Binance stuff, I guess the CEO wanted to do that? What is that?
I been here since 2010-11 ish. Just a new account. Lost the keys to my old car.
Is this the article you are talking about? https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hackIf yes then just by reading the whole content, you will understand what's that all about. No I don`t understand, how they would not want to do a "re-org", they do need to "re-org" I don`t have links but "re roll or re roll" which is what they meant by "re-org" otherwise why would they not want to re organize after getting majorly owned, it was also mentioned somewhere else in this forum, because clearly the funds are not safu. |
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How can you not know what Bitcoin is since you joined the forum in 2018 and have many posts and a few merits.
I know what bitcoin is, how blockchain works, but I never heard the term Re-org, Roll back and Re-roll I read them in a article today on the Binance stuff, I guess the CEO wanted to do that? What is that? I been here since 2010-11 ish. Just a new account. Lost the keys to my old car. Trying to find on their blog https://www.binance.com/en/blog but i cant find on what you are saying.Can you provide the link? I dont even have the idea about that re-org etc. Sure.  |
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How can you not know what Bitcoin is since you joined the forum in 2018 and have many posts and a few merits.
I know what bitcoin is, how blockchain works, but I never heard the term Re-org, Roll back and Re-roll I read them in a article today on the Binance stuff, I guess the CEO wanted to do that? What is that? I been here since 2010-11 ish. Just a new account. Lost the keys to my old car. But I still don`t understand a "re-org" approach that they cannot re-org. |
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Every thought you have is etched into time, every action you make is etched into time (weather you remember or not) the network does. The Blockchain of Time logs everything you do!
Please note: Know that we can go back in this timeline to live or look at others chains or It is your living Testament to yourself. You cannot hide anything from the Timechain. Stop trying to sweep your mistakes under the carpets and own up to them. All your skeletons in the closet will not be hidden there on the other side. All will see!
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It felt like a major screw up more than a hack.
40m $ is a huge amount at least they are covering it. I hope no exchange would be next. It all ends in here.
it's not that huge. it's nothing compared to some of the hacks we've seen in the past 2 years like coincheck etc. it was apparently ~2% of their BTC reserves (hot wallet only) which is what one would expect in the best case scenario. apparently with their trading fees they can recover from this in <50 days. it's not that bad...... Nothing will ever compare to the amount of coins taken in mt.gox. btc wise. Which is all that matters. I am sure in the future more Fiat will be taken but less btc in exchanges. Unless some big boy miners team up over in China, that might be the biggest threat to btc, even worse than mt.gox. |
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so in other words, no.
I would quite happily wager that at some point in time in the next 5 years someone will find a way to exploit them which will result in loss of funds. Good I hope so, then we can fix it and do a RE ROLL RE ORG ROLL BACK Who determines to do the roll back / re-org. Can I buy something of you and then simply accuse you of ripping me off and get my crypto back ? If not - why not. Isn't all theft - theft ? Why not roll back for transactions from dodgy merchants, wrongly described goods or parcels lost in the mail ? Who has controls the button that does the roll back ? What if they abuse their power or are corrupt ? Who controls the button? EVERYONE Well with decentralized voting, the only corrupt people can be the majority. I know there is more good people on this planet than bad, I have faith in my numbers, not all my numbers but the majority of them. |
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Look I gave you the Solution,3fa Proof of Person, use it..... OR don`t put your coins on a exchange and trade it to scummy fiat  You give your picture and ID and Address anyways, anywhere you go in public your face is there and your finger prints, what is the big deal to upload a 5 second video, You don`t even need to give your address then. So an imposter cannot simply do the same ? Perhaps with a MIM attack or phishing ? Identity theft is very popular. your going to kid nap someone, and make them do a captcha eye scan? And when they report it what are you going to do? |
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so in other words, no.
I would quite happily wager that at some point in time in the next 5 years someone will find a way to exploit them which will result in loss of funds. Good I hope so, then we can fix it and do a RE ROLL RE ORG ROLL BACK |
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