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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1155343 times)
usukan
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March 13, 2017, 09:03:24 AM
 #6981

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.




Its a no brainer - roll back or its dead Komodo

Some things are no brainers, but I will take some time to wrap my head around the concept of a "stoppable chain" that seems sufficiently unique to put Komodo far apart from other altcoins.

any coin with this issue has no choice but to fix the problem - fix or die - its that simple - no extended though process required.

When a coin is in alpha-like phases - issues need to be sorted - (ETH is perhaps a good example - yes?)



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March 13, 2017, 09:10:18 AM
 #6982

BEGIN OF THE END:: ~the fox is in your coop~/~  Undecided  Undecided & you leaved him come inside!!!  Lips sealed  Lips sealed  Lips sealed - only one here is wise of it. ~ YOU KNOW WHOM! ~ the hxx0r ~ win as a friend and you win it all. but abuse the talent and take advantage he is not happy. ~ DEV WHAT NOW??

it a test?! a test for our. you pass it? or no?


~~<KMD DOOMED!>~~

IF ROLLBACK ~><~ death ~><~ of supernet!! - ~ what dev chose? ~> doom (rollback) or trust?!!? ~~
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. For those that dont understand that a coin's emission and supply are the MOST important things for people to trust, I am not sure what to say. A coin that is allowed to be created out of thin air would lose a lot more trust than stopping the chain at an announced block in realtime and then doing what you said you would do

Your decision is best for the long run
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March 13, 2017, 09:17:41 AM
 #6983


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. For those that dont understand that a coin's emission and supply are the MOST important things for people to trust, I am not sure what to say. A coin that is allowed to be created out of thin air would lose a lot more trust than stopping the chain at an announced block in realtime and then doing what you said you would do

With btc incident there was no way to burn 184 billion coins, so rollback was only choice, but in kmd case there is another option

Why can't you fix coin emission problem, but instead of rollback negotiate a fair bounty for the hacker. In return he sends jl777 his excess falsely created coins which get burnt. Then equivalent number coins that hacker keeps is burnt from dev premine funds. Overall effect on coin supply is zero, emission bug fixed, hacker gets a bounty paid from dev premine coins. Much better solution. How can you unscramble hacker dumping of coins that will soon not exist after rollback? The rollback option is far more trouble.
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March 13, 2017, 09:29:36 AM
 #6984


If the attacker wanted a bounty, he/she should have put a white hat on.  Now the attacker can go eat a dick.



Issue is avoiding a rollback, which is still possible
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Pasl [Xci-r.i.p.] Eth Zcl Kmd Zen Rep Xmr Sc Neo


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March 13, 2017, 09:46:28 AM
 #6985

Burn the attacker!

No reason to pay a scoundrel like etc-folks did.

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March 13, 2017, 10:01:03 AM
 #6986

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. For those that dont understand that a coin's emission and supply are the MOST important things for people to trust, I am not sure what to say. A coin that is allowed to be created out of thin air would lose a lot more trust than stopping the chain at an announced block in realtime and then doing what you said you would do
You cant compare that. The Blockchain Technology was new, the commmunty small and there where no alternatives. Today there are way more competitors and you have to pay for every single mistake.

Rollback is the only thing you can do now. But it will be hard for the reputation.. very hard.
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March 13, 2017, 10:08:01 AM
 #6987

I can't get the new wallet synched to the network anymore, log is full of:

2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED

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into the clusterfuck


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March 13, 2017, 10:12:15 AM
 #6988

...
any coin with this issue has no choice but to fix the problem - fix or die - its that simple - no extended though process required.

When a coin is in alpha-like phases - issues need to be sorted - (ETH is perhaps a good example - yes?)

I can just agree with that.
The network is still young, it should be cleaned up after such a mess.
francisserik
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March 13, 2017, 10:14:36 AM
 #6989

Good morning,

I'm a newbee Smiley
What if I buy some KMD at an Exchange and after that the dev will do a rollback. Do I lost my coins then?
jl777
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March 13, 2017, 10:20:26 AM
 #6990

I can't get the new wallet synched to the network anymore, log is full of:

2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
2017-03-13 10:07:04 ERROR: ProcessNewBlock: CheckBlock FAILED
we are working to fix this, will let you know when we fix it

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
snowyNNN
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Pasl [Xci-r.i.p.] Eth Zcl Kmd Zen Rep Xmr Sc Neo


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March 13, 2017, 10:24:29 AM
 #6991

Cryptox just removed Komodo trading option for now.

It was trading at 3k there. some trades were made all the way to couple hundred satoshis so attacker sold coins there. Interesting to see what they do.

Will some traders lose their bitcoins that were used to buy counterfeit-Komodos? How much monopoly-Komodos were possibly wwithdrawn and bitcoins??
  

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█▀▀░░█▀▀█░░▀▀▄░█░░░  Zcl Kmd Ltc Rep Dash                  (='.'=) 
█░░░░█░░█░███▀░███░ Pasl [Xci-r.i.p.] Eth Btc             ✦   (")_(")  ✦           ▲▼ Anonymous ▲▼ Community Driven     XULT.com
alt213
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March 13, 2017, 10:34:40 AM
 #6992

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry
maxvall
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March 13, 2017, 10:41:31 AM
 #6993

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry
Only 15k KMD was dumped on cryptopia. So, it does not affect anything.
Price on Bittrex is pretty stable.
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March 13, 2017, 10:43:40 AM
 #6994

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry


Things are grim indeed, but kmd roadmap is still best in crypto, just need to navigate through this situation and restore confidence as soon as possible
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March 13, 2017, 10:44:14 AM
 #6995

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry

If you sell, you deserve it.


Really, that it? what about 1-2 million fake kmd already running in the wild.
torikan
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March 13, 2017, 10:45:39 AM
 #6996

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry
Only 15k KMD was dumped on cryptopia. So, it does not affect anything.

Confidence was shaken. It can be a good chance to protect investors and attract new investments.
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March 13, 2017, 10:46:16 AM
 #6997

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry

Is this true? Just 10k dump on the cyrptopia and your investment still safe. But it seems like the KMD chain need to get a lot of the repair. I guess there are a lot of the dump for the komodo coin.

 
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Big Naturals
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March 13, 2017, 10:46:37 AM
 #6998

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry
Only 15k KMD was dumped on cryptopia. So, it does not affect anything.

Good to hear, that is possible to undo then, hopefully
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March 13, 2017, 10:48:18 AM
 #6999

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry

If you sell, you deserve it.


Really, that it? what about 1-2 million fake kmd already running in the wild.

 They get rolled back
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March 13, 2017, 10:51:01 AM
 #7000

The hacker dumped the price to 152 sat on cryptopia, so well good job jl777 ,now my investment worth a dust Angry
Only 15k KMD was dumped on cryptopia. So, it does not affect anything.
Confidence was shaken. It can be a good chance to protect investors and attract new investments.
That's why the 3rd party code audit must have place, how ZCash devs done.
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