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761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BitcoinT [BT] | X11 | Lucky Stake | POS | BitTrex on: April 27, 2015, 05:56:33 PM
All,

It's been almost 24 hours since the flaw was discovered.  As i originally stated, if the dev team could not come up with an agreeable solution, we would remove the market.  At this time, we have not heard from the dev team and can only assume malicious intent.  Given that, we have removed the market and will be re-opening the wallet for withdrawals only.  Good luck with the community takeover, we will revisit if the coin stabilizes.

A couple of data points that need to be clarified:

* I do not believe a large dump occurred. There was a deposit for 4.1M coins into a new account (which previously dumped 100k and withdrew all the BTC) but these were never credited because of security alarms.
* Until someone does a full analysis of the blockchain, it is impossible to say how many coins were generated incorrectly.
* There was not a hidden premine, or other exploit that has been seen before.  As far as we can tell, the bug/exploit was located in the complicated lucky staking code.

thanks,
richie



i am impressed!

If I understand correctly, bittrex is asking us to be thankful for protecting us from further dumps. Well, thanks bittrex. Problem with that is that I was of the impression you would only list coins after revising the code. Obviously I have been wrong.
762  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CRAVE 1st POS Masternodes | Dark Assets | Markets Soon =Embrace The Dark= on: April 27, 2015, 02:57:23 PM
can someone link me to an explanation of what blur exactly is? What is its advantage over crave itself? Should I hold both?
763  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CRAVE 1st POS Masternodes | Dark Assets | Markets Soon =Embrace The Dark= on: April 25, 2015, 07:06:13 PM
where can I get some info about blur? any link? could someone explain me how that works and until when I can do that swap?
Thanks!
764  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TRON] Positron --- Real World Crypto Startup - Anon Beta Test Now on: April 23, 2015, 02:17:54 AM
I cannot install the Mac wallet. It can't be opened. Never had that problem before. I have no security restrictions and checked all the standard stuff. Any help?
765  Bitcoin / Project Development / Re: [Pre-ANN] B&C Exchange – A decentralized cryptocurrency exchange for everyone on: April 22, 2015, 09:55:47 AM
@mhps

1) If I hold 1 million Blockshares out of the 900 million, will I receive 1/900th of the transaction fees as a bitcoin dividend?

If you hold 1/900th of all BlockShares, you will receive 1/900th of all Bitcoin dividends (this will be very slightly skewed by the fact that some of the dividend will be used to pay Bitcoin transaction fees to transfer the dividends and nothing will be sent to BlockShare owners that would receive less than the Bitcoin transaction fee).

Dividends are not tied directly to transaction fees. Rather, they are tied to the number of BlockCredits sold (which can only be used to pay for transaction fees).

2) Given your funding request will be successful, how long will it take to realize the project?

This is an important question, and one I would like to know the answer to as well. Development of an unprecedented software solution such as B&C Exchange is characterized by the unfolding of unexpected issues which must be solved.

I have delivered an unprecedented blockchain solution in the past in the form of the Nu network, which pioneered stable cryptocurrency and the ability of shareholders to constantly adjust the protocol by voting. The network worked just as promised and was delivered in 8 months at a cost of around 250,000 USD. While I made no promises about the time it would take to deliver Nu, I will report that I privately thought it would take 6 months and 500,000 USD. So, I was 50% under budget and 33% over my private time estimate.

I can say that I believe B&C Exchange is modestly or slightly simpler than creating the Peershare template and Nu. I am absolutely committed to doing everything in my power to delivering it as quickly as possible. However, investors should be aware that I am unable to absolutely guarantee its delivery at all, and I can't guarantee it will be delivered in a certain time frame or for a certain cost.
766  Bitcoin / Project Development / Re: [Pre-ANN] B&C Exchange – A decentralized cryptocurrency exchange for everyone on: April 21, 2015, 07:20:02 PM


I can say that I believe B&C Exchange is modestly or slightly simpler than creating the Peershare template and Nu. I am absolutely committed to doing everything in my power to delivering it as quickly as possible. However, investors should be aware that I am unable to absolutely guarantee its delivery at all, and I can't guarantee it will be delivered in a certain time frame or for a certain cost.

What happens if it turns out that you can't deliver the product? Will the funds be lost?

How transparent will the whole process be about the usage of funds?
 
As you know you are enjoying a level of anonymity that would never ever be possible in another economic environment, especially if it comes down to raising a good amount of money. When I read a sentence like "I can't guarantee it will be delivered in a certain time frame or for a certain cost" I know that there is a risk for a request for follow-up financing, may it be justified or not. Would you be willing to agree to a % threshold relative to the initial amount raised that you definitely will not exceed and still deliver the product if technically possible? Otherwise investors have pretty much no choice if asked for another nice amount of money or they will suffer a total loss whereas you have been compensated for your work.

Thanks for your responses so far!
767  Bitcoin / Project Development / Re: [Pre-ANN] B&C Exchange – A decentralized cryptocurrency exchange for everyone on: April 21, 2015, 06:24:23 PM
1) If I hold 1 million Blockshares out of the 900 million, will I receive 1/900th of the transaction fees as a bitcoin dividend?

2) Given your funding request will be successful, how long will it take to realize the project?
768  Bitcoin / Project Development / Re: [Pre-ANN] B&C Exchange – A decentralized cryptocurrency exchange for everyone on: April 21, 2015, 04:06:30 PM
I really like the project outlined above and am willing to invest some money (although already holding Nushares). I already raised the question on discuss.nubits.com regarding sigmike's role for other projects. I like the work you guys perform but I am not willing to fund projects if the knowledge and experience you guys gain during building such an exchange will be passed along to the next project outside of the Nu network. If the Nu network pays for the development, they must have the exclusive ownership of the achievements of such a project.
769  Other / Meta / Re: Why is my E-mail not receive this announcement mail on: April 21, 2015, 12:05:07 PM
same problem here with gmail. bathrobehero described it very well.
770  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TRON] Positron - Fair Ninja Launch - Dynamic POS - 4.09% of BTC Nethash on: April 15, 2015, 02:33:01 PM
what is minimum age for staking?
771  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Gnosis [GNS] POW/POS Hybrid - Anon EM/Stealth Addressing - Scrypt on: October 20, 2014, 10:09:44 AM
Will you stick to your proposed deadlines for the  fully working arb bot?
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