1121
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Alternate cryptocurrencies / Altcoin Discussion / Re: R.I.P NXT
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on: August 24, 2014, 12:51:44 PM
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Sorry, guys, but NXT is still on track and looking good. Every drama NXT goes through just makes it stronger. Look at the last 2 weeks: BTER gets robbed of 51 million NXT, one of the biggest heists in alt-coin history. We then manage to track down and negotiate with the thief, making history once again by actually managing to recover round 80% of the stolen funds. As part of the fallout from the theft, the NXT community is given the option to rollback the blackchain, but rejects that option, proving that NXT is a completely trustworthy system. Even with close to 2 million dollars of our own money on the line, NXT did not rollback. I gotta repeat that, because it's important: NXT did not rollback. In the midst of all this, NXT also launched the Digital Goods Store, bringing a truly de-centralised (and fairly anonymous) marketplace on-line, with unlimited trading possibilities: the Craigslist/E-bay of the crypto world: https://nxtforum.org/marketplace/Despite all the drama, NXT just keeps on rolling. The drama is just a sign that NXT is breaking new ground, as ever. And lastly: How many people are there on the "NXT SUprEMe CouNcil"? Why do they take so long to make decisions?
None......thats why it takes so long. NXT is a leaderless, decentralised community, just as Satoshi envisaged. No gods, no kings........no Supreme Council, sorry. Having said that, individual elements within NXT do react quickly to events, such as the hack, but there is no overall leadership structure responsible for strategic planning. Some people see this as a weakness, but I see it as a strength in the long-term. The community decides.....
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1125
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Alternate cryptocurrencies / Altcoin Discussion / Re: [Bitshares] bitUSD discussion
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on: August 23, 2014, 11:21:28 AM
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So, to sum up the situation: BitsharesX probably is a legit operation. The most vocal BTT/Bitshares community seems to be 3-5 new accounts plus C-f-A. (Way to go BTS!) BTSX price (and the #3 market cap) is being propped up by using IPO money to pump it. Hmm....still not very convinced: even if the core tech works like the best thing ever, this kind of marketing bullshit is just gonna piss people off pretty soon. Point from TaunSew.....maybe I should be more paranoid. Yes it's a Cold War. Bitshares is Chinese Communists vs the free NXT world. NXT does not know there is a war and hence they are losing. Who do you think has been DOSing and hacking NXT over and over?
Need to point out that, so far, NXT hasn't yet been hacked in any way that affects the core NXT technology. All of the NXT thefts have been either basic social engineeering attacks, or weak password security.
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1127
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Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [NXT] Launch of Nxt Marketplace
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on: August 23, 2014, 11:02:25 AM
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Oh noes...you can list illegal stuff on teh Interwebs? Better ban it all then, C-f-A. You're gonna have a lot of work coming up soon, mate, lots of other 2nd gen crypto's coming out with marketplaces. And that nasty dollar stuff.....shit, I heard u can buy guns + dope with it, in pretty much every city in the world. While we're at it...lets ban cities as well. Too many places for drug dealers to hide..... By the way...being sexist just makes you look like a frigging Neanderthal, TS. Really.... Heres a couple of C-f-A quotes to end on, just to give you an idea on how consistent his thinking is: dudes, BitShares was debunked as bullshit earlier, why keep postig the shite?
~CfA~
https://bitcointalk.org/index.php?topic=664146.msg7560993#msg7560993BitShares looks like VERY promising technology not sure about the ipo tho what do u think brothers and sisters? ~CfA~ https://bitcointalk.org/index.php?topic=679185.0
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1128
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: bter hacked and lost 50m nxt
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on: August 23, 2014, 10:45:25 AM
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how was BTER hacked ?
you mean they left an easy password on account they claim and now they are calling the cops ? the cops will laugh /the end
who said anyone is calling the cops? did u forget to take ur ritalin spoetnik? if I was BTER i would shoot the hacker and you afterwards, 2 annoying flies with one catch ~CfA~ read the topic.. same page, scroll up (about the RCMP) = Royal Canadian Mounted Police Yeah. might need to point out that it's (allegedly) Lin from BTER who's flying all over the world, chasing TOR nodes and calling in the RCMP. As a private citizen (and owner/operator of the exchange wot got robbed) he can do whatever the fuck he likes to chase down the thief. His actions have sod-all to do with NXT, we've already made our choices on the hack: take the hit and carry on. We've got most of the funds back, and BTER is out of a nasty situation that could have bankrupted/killed them.....instead they're raking in the profit on BTSX right now. And we did it all the hard way, without taking the cheat option of rolling back. Right now, NXT is stable, even with BitSharesX zooming up the charts, so I'm not losing any sleep. Long term, guys....we're only 9 months in so far.
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1129
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Alternate cryptocurrencies / Altcoin Discussion / Re: R.I.P NXT
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on: August 21, 2014, 07:38:52 PM
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Gotta point out here that NXTs value against fiat (USD/EUR) is holding steady, but it's not exactly profiting from BTCs rise right now. No worries, we're here for the long term....... (and BTSX looks like a solid project, tbh, so this is more about BTSX having a boom right now.)
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1135
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: bter hacked and lost 50m nxt
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on: August 17, 2014, 09:16:52 PM
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I broke a nail ! Can you do a roll back?
Isn't it too late to do that temporary roll back or whatever? That means it is too late for NXT as well. I wonder what the hacker will do, manipulate the market or sell off. Or maybe he'll just give most of the stolen NXT back after a deal with BTER...you never know. https://nxtblocks.info/#section/accountId/NXT-8WJ7-8A2H-MBYN-3W9K4@Taunsew.....it's a good story: BTER gets hacked, 50 million NXT get snaffled (and some BTC, thief went for the good stuff ) hostage negotiations, panic, NXT community tempted by quick fix rollback, NXT community takes the hard road and chooses to stay on the main chain, BTER finally negotiate a deal and most of the NXT are returned. Everyone happy, mostly. We're gonna make a movie one day....and I haven't even mentioned the offer of buttsex or me being a plonker yet. https://nxtblocks.info/#section/blockexplorer_messagessearch for NXT-8WJ7-8A2H-MBYN-3W9K4 , the thief account.
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1136
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: bter hacked and lost 50m nxt
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on: August 17, 2014, 05:30:25 PM
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The theft vector was pretty much the same as it always is: weak password security, this time on BTER. So, the loss had nothing to do with the NXT technology. The problem with doing a rollback to correct a human mistake is the question of where do you draw the line? Today a rollback for BTER, then what ? Rollback every time something happens we don't like ? And I need to keep pointing this out: Devs on their own could NOT force a rollback: a majority of the community would have to actively support the revised blockchain via forging. Anyhow, good result for NXT, and a narrow escape for BTER. A good deal for BTER. 42M NXT worth around 1.3M dollars and 440 BTC only worth around 220k dollars.
Still, won't it be cheaper to convince NXT developers to rollback the transaction and threaten to pass the cost back NXT investors?
No...it wouldn't... You can't rollback the blockchain every time someone drops the ball on a big pile of NXT. We're playing by big boy rules now. Big boy rules means bankers and Currency gets bailed. :rolleyes: Ok, big boy crypto rules......much more integrity than the average bankster.
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