You could uninstall and install the latest binaries created by xnova or update from source
http://counterpartyd-build.readthedocs.org/en/latest/

This creates a bit of a mess for busoni to clean up. No matter which way we approach this, someone is going to be unhappy. Original Depositors of XCP are safe because it is not their trades that got executed and the reparse has restored their balances in the central wallet. The best way forward is for 0.002 transactions to be rolled back and hacker return bitcoins because the deposit of 35k XCP has an invalided input.

I don't understand how the hacker is considered benevolent. A white hat would have exposed the vulnerability without causing such a mess to clean up. Even if he withdrew 35k to prove a point, depositing it back and dumping it does not show good intentions IMO To me it seems like he knew a patch release will invalidate his XCP holdings and therefore he made away with as many bitcoins as he could take and until he returns them back to busoni my opinion will not change.

The discussion regarding XBTC/BTC/DAC/Escrow was evolving nicely until this came along, maybe we should pursue that discussion in a separate thread in the counterparty forums.

Presumably it is suspended until it can be fixed and there is more certainty. Its going to take sometime until the smoke clears out.

According to busoni attacker didn't withdraw all his btc ergo some was left behind and some was withdrawn. How much he has withdrawn has not specified.

You assumptions are correct. As long as you can control your private key you will be able to control the XCP associated with it and where ever you want to import it.

There is no way to prove that only nodes in the DAC know the private key.

I still think the idea is simple enough (and splendid) to implement and can be done quickly. It needs to be setup by someone with a community standing so that there is enough trust.

Can anyone tell me how the order  book is matched in this dump scenario.

1. A sell order was placed for 0.002 for at least 16,000 XCP
2. There were many buy orders greater than 0.002 at least up to 0.011

Do these buy orders get matched to the dump price? If yes, do they get matched @ 0.002 or at their original bid?

Let's wait for a response from poloniex. It's terrible if true but lets wait for an official confirmation.

Very expensive mistake.

How many people generally turn up for these meetings? Would like to come and attend at least one.

They are using knockoutjs on the UI side and this will make any design transition a much more simpler exercise. Great choice.

LOL Yes in a nutshell that's what has happened.

I think the specifications documentation went through 3 or 4 serious versions starting from Jan 2012, to November 2013. It's unclear if any software development happened in between that period. I read JRW needed enough BTC to convince his folks that Mastercoin was worth the number of hours he was putting in it everyday and it is only recently that he quit his job to work full time on mastercoin

I think one of the reasons it remained in the pipeline until the mid to late 2013 was its specifications. Metacoins was groundbreaking idea in 2011-12 and they had not yet formulated the best way forward, to the point of even thinking of bloating the blockchain with fake addresses as a means to implement their protocol. It took them a while to figure out the best way forward. Perhaps PP and xnova learnt from the early mistakes of others, who knows, I am just speculating.

XCP by comparision is far more leaner protocol. It doesn't have the bells and whistles but its a mean beast alright. I am fairly new to crypto (Dec 2013) and its more fortune than decision making that landed me here but I am glad its XCP I have thrown my lot with and not the others. For the record, I burnt 0.72 BTC basically everything I mined between Dec and Jan.

A web wallet is currently being built so you can use that if you dont want to run a local setup. We should know more by this Friday I think.

Does your bitcoin conf have txindex=1 ?

If not, you need to add it and reindex again.

Nxt, Mastercoin and eMunie are all competition is some shape or form. Last I remember reading about emunie IPO starting on 17th Feb, that was like 2 weeks back. That's probably started now.

The more interesting date is the Ides of March. All 3 of them I think are scheduled to unveil their implementation of Dex on 15th of March. The new Nxt wallet looks attractive and I guess is the reason behind some renewed interest in Nxt prices the last week or so (jumped from 0.000075 to 0.000095). Mastercoin I have not yet seen. eMunie from the screenshots looks highly functional too.

Me thinks March is going to be a very interesting month.

Judging by the squatting of XCP twitter and reddit handles by people purportedly supporting mastercoin, I think there are a few nervous people out there.
 

Alternatively you guys could create multiple threads for as many different aspects of Counterparty as you deem fit @ https://forums.counterparty.co instead of one long thread here. I try to follow both places but sometimes going through one long thread is difficult.

To add to that ...
Even before the burn period ended, you could have actually got more XCP buying from Patel than from burning directly. On poloniex, patient buyers have purchased for as less as 0.008 in the last 48 hours. While some chose only to complain others have been quick to purchase at reasonable valuations.

+1

For the long term viability we need to help the devs come out with a user friendly wallet and DEX so that the entry barrier is lowered. Not everyone is comfortable with command line and it is not very idiot proof either. If the least we can do is test the system, then that' what we must do and pass on the feedback in a manner that is consumable by the devs.

Secondly, there are stray enquirers by people who want to issue stocks, we must help these guys out. the more stocks that can be issued and sold on the platform means more people will automatically want XCP since they will need it to buy their preferred asset.

I think Poloniex should add Mastercoin to their exchange, it is after all similar to XCP and should enable Mastercoin users to sell their overpriced coin and buy the undervalued and functional XCP instead. Some of them I am sure would jump at the opportunity. Unlike regular investors, they are already converted to the metacoins and DEX based on the promises of Mastercoin for many months past. It's also great business for Poloniex. Everybody wins.

It's currently a deterrent against spammer and trolls, and if the price is going north I am sure it will have to be revised because we can't risk it being too expensive to create an asset.