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hansen.ng
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March 13, 2017, 05:56:54 AM |
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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 ... Not everybody as long as you had never transacted KMD beyond the block that started being exploited, you will be fine. a few people trying to get almost free KMD on cryptox and cryptopia right now , so their BTC will be gone, |
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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LocoMB
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Activity: 72
Merit: 10
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March 13, 2017, 05:58:18 AM |
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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. Ko odo will never rea h potential if immutability is lost today.
this is not a ROLLback per se, this is an attacker CAUGHT IN THE ACT and the loot ripped off his back as he is trying to escape ... apart from being a malicious attack, the bug is the same as the bitcoin bug way back then |
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boomboom
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March 13, 2017, 05:59:30 AM |
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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.
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CoollerOne
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Activity: 70
Merit: 10
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March 13, 2017, 06:03:25 AM |
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a few people trying to get almost free KMD on cryptox and cryptopia right now , so their BTC will be gone,
If other exchanges' wallets are not in maintenance right now, he'll probably be dumping there right now. And there is 0.15BTC support at Cryptopia and 0.013 at CE. Nothing really. |
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boomboom
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March 13, 2017, 06:07:17 AM |
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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. |
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kim-yon
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March 13, 2017, 06:07:33 AM |
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What is komodo 's problem? This did not happen when all the altcoins came out.
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MoveCrypto
Sr. Member
Offline
Activity: 364
Merit: 250
move that crypto
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March 13, 2017, 06:08:36 AM |
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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_bitcoinOn 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. |
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CoollerOne
Member
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Activity: 70
Merit: 10
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March 13, 2017, 06:12:03 AM |
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Looks like Bitcoin's price didn't suffer too much since then.
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boomboom
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March 13, 2017, 06:13:00 AM |
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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. |
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CryptoGuu
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March 13, 2017, 06:15:03 AM |
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don't want to deal with this shit - i'm out.
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boomboom
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March 13, 2017, 06:15:44 AM |
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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_bitcoinOn 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! |
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antaja
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March 13, 2017, 06:16:35 AM |
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why does a few hours rollback is worse than letting millions of coins created by the exploiter exists?
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ocminer
Legendary
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Activity: 2660
Merit: 1240
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March 13, 2017, 06:17:43 AM |
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Suprnova is rolling back the chain now, should be back up in a few mins
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suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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boomboom
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March 13, 2017, 06:19:35 AM |
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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. |
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6436346346
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March 13, 2017, 06:22:31 AM |
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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. They just emailed Cryptopia 5 mins ago, so clearly they only care about their Trex listing Oh well, good luck to them. |
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CoollerOne
Member
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Activity: 70
Merit: 10
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March 13, 2017, 06:22:42 AM |
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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 ... |
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polycryptoblog
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March 13, 2017, 06:24:51 AM |
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I support the roll back. Arguments of blockchain immutability are irrelevant here as the attackers actions rendered the blockchain mutable
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boomboom
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March 13, 2017, 06:26:58 AM |
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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. |
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boomboom
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March 13, 2017, 06:30:06 AM |
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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. |
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super55
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March 13, 2017, 06:32:04 AM |
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why does a few hours rollback is worse than letting millions of coins created by the exploiter exists?
Because we live in a crazy world today where people who stolen millions of coins are rewarded and praised..but people who tried to do the right things to stop a thief are being crucified. If we took away humanity value from technology, that will bring a great disaster. If rollback to stop the bad people is consider wrong...i rather go back to fiat. |
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