Bitcoin Forum
May 07, 2024, 09:49:39 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
541  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: March 30, 2017, 07:14:25 AM
CK's new currency is Markka (M)

Circulating Supply: 618,704,945,976 M


Is the coin supply fixed now forever, or might it increase/decrease at a later time?
542  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: March 24, 2017, 08:57:43 AM
Prediction time: once the conversion of CK into New M happens I predict players will get refunded their net XMR deposits from saddam's depository account, thus severing the connection between Crypto Kingdom and XMR for all time. There isn't a purpose for XMR in CK after New M, and after the revaluation Crypto Kingdom will have enough money supply to function, and the game is sufficiently well placed to back itself.

I wish that your word will not happen. Depositories of XMR and other cryptocurrencies, plus the 24/7 markets of ingame item "new" M vs. the currencies, plus the market making provided by Coinshop (and others - just use SELLBUY/BUYSELL according to HH SirJacket instruction), serve the important role of
effortless linking of ingame value with the outside world (aka "real world").

We are not factually valued $100,000,000 (or anything), unless you can exchange your ingame value to outside world value of your choice, with a few clicks, while smoking cigar in a jacuzzi of your choice. I will expand this statement soon due to the reason of difficulty with typing lengthy just now.

Ok, I thought 1666 would be the end of the bootstrapping era and ingame assets would find their own price regardless of XMR in the depository account,  so withdraw of ingame value would still be possible in the future, but price of New M in outside currencies would be based on supply and demand for New M, which itself would be based on success of CK game in attracting new players. I'll wait with interest to see what happens, but most players probably still price things in XMR in a two step process, so most relevant numbers in CK will be M::M3 rate, and M3::XMR rate, so not sure if anything really will change.
543  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: March 24, 2017, 05:09:30 AM
Prediction time: once the conversion of CK into New M happens I predict players will get refunded their net XMR deposits from saddam's depository account, thus severing the connection between Crypto Kingdom and XMR for all time. There isn't a purpose for XMR in CK after New M, and after the revaluation Crypto Kingdom will have enough money supply to function, and the game is sufficiently well placed to back itself.
544  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: March 22, 2017, 06:56:40 AM

Bugger, it was a fake account lol

I really thought long suffering coinomat investors were due some good news Sad
545  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: March 22, 2017, 05:40:58 AM
Big announcement on Coinomat coming soon ....

Hello sasha35625. How are you today?  Smiley

I am good, very busy with Coinomat plans today, very sorry to all the patient Coinomat investors and holders of my many of NXT assets. It has been such a long time since I provided any news, but you know how things have been (I had ICO for waves and became millionaire lol).

Don't worry, I have not forgotten all my loyal Coinomat platform investors, BIG coinomat news coming soon!


About time Sasha!

Good to see you finally addressing the Coinomat and the outstanding NXT asset issue, looking forward to seeing the details.

Any eta on the migration?

Next week!

Better late than never Smiley

546  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: March 15, 2017, 12:02:54 PM
Submit 979 36 3
547  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 14, 2017, 12:10:46 AM

it was an oversight in a special case of block validity checking. I had all the complicated pax deposit/withdraw totals matched up with pending cross chain swaps but there was a test for a special 2 vout coinbase as we use the second vout for the price feed data.

So it was testing for this special case properly, but the default path of the 2 vout coinbase (which cant be any pax tx) was set to ok, instead of error.

totally my oversight, and the case where you spend all your effort on the difficult part and dont check for the simplest exeptions to the simplest case. I will take a 1 million KMD responsibility for this and contribute that much to a cryptox make good fund. I believe the long delay from our request to stop deposits and when it was finally done was a contributing factor that made it go as big as 3.5 mil, but with 1 million KMD, that means at least one third of all the cryptox KMD can be made real.

this combined with the 25 BTC to make cryptox whole and I think we have most of the solution

I will use personal KMD for the 1 million contribution to the makegood fund.

All things considered I think you handled this situation very well James, well done!

Yesterday when I first heard of the strange 100K blocks mentioned in slack my impression was there was going to be a rollback to correct an attack involving 250k-1M coins, and this would be done while most of Europe and North America was asleep. Under those assumptions I thought invoking a rollback without at least considering other options was crazy, and likely to cause a loss in KMD confidence of a magnitude great enough to destroy KMD & SuperNET in an instant, voiding all your work since 2014, and the holdings of all the investors.

I can see now with more information about the nature of the attack that a rollback (or whatever technical name best describes the fix) was the best solution under the circumstances. You acted quickly, took responsibility for the bug, and fixed it asap,  and nobody can really ask for more than that when investing in experimental projects.

548  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:56:20 AM
@jl777, I have made my point, I know you would be stressed by this, so I send you my best wishes!

I also point out that listening to 20 'yes' men agreeing with you is often less valuable than someone who disagrees with you. This is a HUGE moment!

I hope it all works out for the best.

Boom out
549  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:50:05 AM
I support the roll back.  Arguments of blockchain immutability are irrelevant here as the attackers actions rendered the blockchain mutable

 No , the attacker found an exploitable bug, and the blockchain is being rewound to undo it, but now we all can ask, 'what else would warrant rewind of blockchain', and this is the problem.

invoking the slippery slope fallacy?

the fear of centralised control vs hyperinflation via malicious exploit, hardly seems a reason to fear big brother fucking with our chain.

Not sure what youmean exactly, there are infinite reasons people might want a rollback, not just bigbrother, that's the point, it's possible now in komodo ecosystem with this precedent,  so it's a huge unknown risk factor for all users from now on. Nobody can say it wouldn't happen again in a way that disadvantages regular users, just can't say that ever again. We have lost the claim to immutable blockchain, forever.
550  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:44:40 AM
I support the roll back.  Arguments of blockchain immutability are irrelevant here as the attackers actions rendered the blockchain mutable

 No , the attacker found an exploitable bug, and the blockchain is being rewound to undo it, but now we all can ask, 'what else would warrant rewind of blockchain', and this is the problem.
https://en.wikipedia.org/wiki/History_of_bitcoin

Quote
On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins. On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. This was the only major security flaw found and exploited in bitcoin's history.


The highlighted portion is essentially what has happened. The difference is that bitcoin knew about it for over a week, while we didnt find out about it until the attack was under way. Also, I announced in realtime block 235300, which is the stopping of a chain.

If there is a bug in the future that allows to totally bypass the coin emission, then we will fix that to. You can count on that.

 I'm on your side James, just playing the devil's advocate to make you think it through as many people wont hear of this until after it's over. I hope you're right!

551  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:30:06 AM
I support the roll back.  Arguments of blockchain immutability are irrelevant here as the attackers actions rendered the blockchain mutable

 No , the attacker found an exploitable bug, and the blockchain is being rewound to undo it, but now we all can ask, 'what else would warrant rewind of blockchain', and this is the problem.
552  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:26:58 AM
don't want to deal with this shit - i'm out.

I know how you feel,but it's early morning in europe, and most usa people probably in bed, so I feel the voices in support of no rollback will hear of this too late.

I want to 'not' deal with it too, but this is an existential crisis for SuperNET and komodo, right now!

I suggest we all see the gravity of the situation, and try and make the best decision.
I think you have made your point multiple times by now. They are rolling back the chain. Nothing can be done already. Just hope for the best ...

Yes, I tried, very unfortunate many stakeholders will only hear of this after the event.
553  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:19:35 AM
don't want to deal with this shit - i'm out.

I know how you feel,but it's early morning in europe, and most usa people probably in bed, so I feel the voices in support of no rollback will hear of this too late.

I want to 'not' deal with it too, but this is an existential crisis for SuperNET and komodo, right now!

I suggest we all see the gravity of the situation, and try and make the best decision.
554  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:15:44 AM
Quesfion, how much would you pay for a piece of marketing that proved SuperNET believed in the immutability of the KMD blockchain, and the foundation principle of decentralisation. Would it be worth 2M kmd to make a statement to the crypto community ... Komodo & SuperNET will uphold decentralisation and have an immutable blockchain,  no matter what.

The NXT devs not rolling back the bter hack was a great statement, first time I heard andreas antonopolous mention NXT was discussing the 'no' vote, it was a great moment for NXT.
If other exchanges' wallets are not in maintenance right now, he'll probably be dumping there right now.

There is great damage to kmd today no matter what, all I'm doing is asking people to think which is least worst outcome, not from an insider perspective,  but from a future investor perspective. Rollback destroys credibility,  hacks come and go. Pick the least worst outcome, not the knee jerk one.

Quesfion, how much would you pay for a piece of marketing that proved SuperNET believed in the immutability of the KMD blockchain, and the foundation principle of decentralisation. Would it be worth 2M kmd to make a statement to the crypto community ... Komodo & SuperNET will uphold decentralisation and have an immutable blockchain,  no matter what.

The NXT devs not rolling back the bter hack was a great statement, first time I heard andreas antonopolous mention NXT was discussing the 'no' vote, it was a great moment for NXT.

https://en.wikipedia.org/wiki/History_of_bitcoin

Quote
On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins. On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. This was the only major security flaw found and exploited in bitcoin's history.

 In 2010 there was no competition, and not the level of trolling etc like now. Also, in 2010 bitcoin had no real value, but today crypto economy is 20 billion, and there's plenty to lose from a rollback, not like bitcoin in 2010. The market wont forgive this!
555  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:13:00 AM
So strange, 2 accounts are actively, I would even say desperately asking to make a deal with the attacker and 10-15 are saying naah, that's OK, let's do it.

The decision was made already. There is no need to ask how much he wants. He'll get nothing.


Yes, I have invested heavily in all jl777's projects since 2014, and I fear a rollback is suicide, so I'm really upset by this, but I know from past experience that jl777 is a smart guy, so I'm trying to persuade him. The decision can be reversed before the fork, I hope anyway.
556  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 06:07:17 AM
Quesfion, how much would you pay for a piece of marketing that proved SuperNET believed in the immutability of the KMD blockchain, and the foundation principle of decentralisation. Would it be worth 2M kmd to make a statement to the crypto community ... Komodo & SuperNET will uphold decentralisation and have an immutable blockchain,  no matter what.

The NXT devs not rolling back the bter hack was a great statement, first time I heard andreas antonopolous mention NXT was discussing the 'no' vote, it was a great moment for NXT.
If other exchanges' wallets are not in maintenance right now, he'll probably be dumping there right now.

There is great damage to kmd today no matter what, all I'm doing is asking people to think which is least worst outcome, not from an insider perspective,  but from a future investor perspective. Rollback destroys credibility,  hacks come and go. Pick the least worst outcome, not the knee jerk one.
557  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 05:59:30 AM
Quesfion, how much would you pay for a piece of marketing that proved SuperNET believed in the immutability of the KMD blockchain, and the foundation principle of decentralisation. Would it be worth 2M kmd to make a statement to the crypto community ... Komodo & SuperNET will uphold decentralisation and have an immutable blockchain,  no matter what.

The NXT devs not rolling back the bter hack was a great statement, first time I heard andreas antonopolous mention NXT was discussing the 'no' vote, it was a great moment for NXT.
558  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 05:52:41 AM
I don't see what all this fuss is about.
It's either you let the coin die with someone generating as much as he wants, and of cause let the devs go with all BTC's
or rollback 200 blocks when everyone here knows not to move anything.

200 blocks out of 235000 is nothing, especially when it was posted real-time.

There is no alternative. Restart at 235300.
Good job devs catching it as it is.

Rollback is crypto suicide though, even one block, the precedent can never be removed.

Do a deal, the hacker found a bug, he deserves a bounty, otherwise we all lose everything. Komodo will never reach potential if immutability is lost today.
559  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 05:49:32 AM
this is not a rollback to bail out some exchange that got hacked.

the attacker has generated another 27 blocks in the last hour and at this pace he would generate much more than 10 million KMD by the 236000 block with the original bugfix trigger.

It is a bug that was not found by a white hat, but by someone who repeatedly exploits the same bug over and over.

I did not block the first exploit of the bug, that can be considered a bounty. But beyond that, it is like handing in the same thing over and over again expecting to be paid for it.

I never said the code is the law. The miner reward has been stated to be 3 KMD per block, not 100003 KMD. It is a chain stoppage due to a critical bug. People have relied on 3 KMD per block as mining reward, so to allow 100003 KMD as a reward would violate things a lot more than stopping the chain at 235300.

I will use common sense for this. Also, in the future if there is some other critical bug that dramatically changes what everyone's understanding is, then I will likely fix it and stop the chain, etc.



10M is a big bounty, but rollback is worse imo, but that's just my opinion. I respect your call James, just think you'll regret it later if it ends up damaging SuperNET fatally, which it easily can. Trolls will be attached like barnacles to this 'rollback' forever now. I'm not selling though
the attacker is generating half the blocks now. that is pace of 3 million KMD per hour and would be for another 6 hours or so. So we are looking at more like 25 to 30 million KMD. and most all of this was AFTER I announce the chain would be stopped and rolled back to that point.

not sure how this is different from the bug that allowed to create bitcoins. allowing such coin creation to be upheld is not any immutability, but a total violation of coin emission.




That's too much for a bounty, but rollback is too much,

Time to make a deal with the attacker, otherwise everybody loses here ...

Open a dialogue ...
560  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin on: March 13, 2017, 05:34:37 AM
this is not a rollback to bail out some exchange that got hacked.

the attacker has generated another 27 blocks in the last hour and at this pace he would generate much more than 10 million KMD by the 236000 block with the original bugfix trigger.

It is a bug that was not found by a white hat, but by someone who repeatedly exploits the same bug over and over.

I did not block the first exploit of the bug, that can be considered a bounty. But beyond that, it is like handing in the same thing over and over again expecting to be paid for it.

I never said the code is the law. The miner reward has been stated to be 3 KMD per block, not 100003 KMD. It is a chain stoppage due to a critical bug. People have relied on 3 KMD per block as mining reward, so to allow 100003 KMD as a reward would violate things a lot more than stopping the chain at 235300.

I will use common sense for this. Also, in the future if there is some other critical bug that dramatically changes what everyone's understanding is, then I will likely fix it and stop the chain, etc.



10M is a big bounty, but rollback is worse imo, but that's just my opinion. I respect your call James, just think you'll regret it later if it ends up damaging SuperNET fatally, which it easily can. Trolls will be attached like barnacles to this 'rollback' forever now. I'm not selling though
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!