[REP] Augur speculation

[jay8291]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coin did not secured it enough to lose them.  What this has to do with coin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

The Hacker is also saying that he has the database of REP. dont know what sort of database...

[Unikol]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coin did not secured it enough to lose them.  What this has to do with coin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

The Hacker is also saying that he has the database of REP. dont know what sort of database...

Maybe the name of the person, email address and also the telephone number of the owners of the Augur.

[Fredomago]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coin did not secured it enough to lose them.  What this has to do with coin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

The Hacker is also saying that he has the database of REP. dont know what sort of database...

so if REP has been hack we will expect more and more dumped coming from this coin and we can't chase what would be the bottom and for sure support coming from holders and investors will be shaken might be much better to stay away from its current situation.

[redsn0w]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coin did not secured it enough to lose them.  What this has to do with coin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

The Hacker is also saying that he has the database of REP. dont know what sort of database...

so if REP has been hack we will expect more and more dumped coming from this coin and we can't chase what would be the bottom and for sure support coming from holders and investors will be shaken might be much better to stay away from its current situation.

Maybe the sale.augur.net database but I don't hink augur smartcontract/platform has been hacked, it's a problem of weak security of a single large rep holder (whale).

[Xaltotun]

Probably should fork just to be safe.

[Shiroslullaby]

I dont understand your logic.

Someone who own a coins did not secured them enough and lose them.  What this has to do with cryptocoin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

When I posted this, no one even knew any details of the hack.
People were trying to figure out if it was one person, multiple people, or the Augur developers/ foundation.

[JeffBrad12]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coin did not secured it enough to lose them.  What this has to do with coin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

The Hacker is also saying that he has the database of REP. dont know what sort of database...

so if REP has been hack we will expect more and more dumped coming from this coin and we can't chase what would be the bottom and for sure support coming from holders and investors will be shaken might be much better to stay away from its current situation.

Maybe the sale.augur.net database but I don't hink augur smartcontract/platform has been hacked, it's a problem of weak security of a single large rep holder (whale).

If augur platform was getting hacked and logically it will give a lot of impact for the ETH holders right now.
I may think if is it the personal hacked,

[imbladednow]

Any chance of a rollback happening? 

[redsn0w]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coin did not secured it enough to lose them.  What this has to do with coin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.

The Hacker is also saying that he has the database of REP. dont know what sort of database...

so if REP has been hack we will expect more and more dumped coming from this coin and we can't chase what would be the bottom and for sure support coming from holders and investors will be shaken might be much better to stay away from its current situation.

Maybe the sale.augur.net database but I don't hink augur smartcontract/platform has been hacked, it's a problem of weak security of a single large rep holder (whale).

If augur platform was getting hacked and logically it will give a lot of impact for the ETH holders right now.
I may think if is it the personal hacked,

Yeh I've read that the rep whale was the specific target, social eng. + low security (he was using second verification with sms instead to use google authenticator 2FA). So the augur.net site has not been hacked and the list of those email addresses were taken from the slack channel (where basically all the email are visible).

Any chance of a rollback happening? 

No, I don't think there will be any hard-fork to rollback the transactions .

[Zaducis]

I missed last day and did not regret, because I could sell when there was panic in market. I noticed that when this happens, it is better to just watch and not accepted abrupt decisions.

[bbc.reporter]

$REP whale hacked 

Yep, seems to be - https://twitter.com/tensorjack/status/806084099202945024

Wish I'd have some bids further down the order book. 10k was a definite buy

Looks like Bo Shen's Twitter is also hacked 



https://twitter.com/boshen1011

The way the hacker is mocking everyone does not sit well with me. If he really did this for the money why make these tweets trying to get everyone to sell their REP? Why not stay quiet like the attacker of the DAO? It is possible that the hacker is someone from the inside who is not happy with the way things are going with Ethereum. Or like benthach said this hack could be staged and there is a hidden agenda behind it.

[VanDeinsberg12]

$REP whale hacked 

Yep, seems to be - https://twitter.com/tensorjack/status/806084099202945024

Wish I'd have some bids further down the order book. 10k was a definite buy

Looks like Bo Shen's Twitter is also hacked 



https://twitter.com/boshen1011

The way the hacker is mocking everyone does not sit well with me. If he really did this for the money why make these tweets trying to get everyone to sell their REP? Why not stay quiet like the attacker of the DAO? It is possible that the hacker is someone from the inside who is not happy with the way things are going with Ethereum. Or like benthach said this hack could be staged and there is a hidden agenda behind it.

I could have agreed if this is a scenario. Some weren't making sense. Seems like the hacker also the KING of TROLL.
If they feel strongly dislike with ETH and why he does it? Attacking the person.

[Zaducis]

$REP whale hacked 

Yep, seems to be - https://twitter.com/tensorjack/status/806084099202945024

Wish I'd have some bids further down the order book. 10k was a definite buy

Looks like Bo Shen's Twitter is also hacked 



https://twitter.com/boshen1011

The way the hacker is mocking everyone does not sit well with me. If he really did this for the money why make these tweets trying to get everyone to sell their REP? Why not stay quiet like the attacker of the DAO? It is possible that the hacker is someone from the inside who is not happy with the way things are going with Ethereum. Or like benthach said this hack could be staged and there is a hidden agenda behind it.

I could have agreed if this is a scenario. Some weren't making sense. Seems like the hacker also the KING of TROLL.
If they feel strongly dislike with ETH and why he does it? Attacking the person.

Many ridiculous phrases and statements, it seems cracked some schoolboy or student. I can not understand what benefit he got from it.

[jay8291]

Not Much Effect on REP of the hack though. Price already back at its original high of that day.... But i am thinking how much profit the people would have made whose buy orders were between 0.0001 - 0.0005. Easy 40x profit for them at the current Rate....

[Zaducis]

Not Much Effect on REP of the hack though. Price already back at its original high of that day.... But i am thinking how much profit the people would have made whose buy orders were between 0.0001 - 0.0005. Easy 40x profit for them at the current Rate....

There were not many sold at low price, main volume was at 1$ and more.

[redsn0w]

Yeah it seems that the price recovered without 'any problem' , but I don't think we will see > 0.01 btc for a while....

[juras54]

oh I got burned when I bough  them long ago at 0.002 btc on gatecom

[bbc.reporter]

What if the "hack" was Bo Shen's exit scam? A hack will look better compared to a real exit done by him. A real exit will be seen as a loss of confidence in both Ethereum and Augur making everyone follow him in selling. If that is what really happened then Bo Shen knows ETH and REP are bad investments.

[yefi]

What if the "hack" was Bo Shen's exit scam? A hack will look better compared to a real exit done by him. A real exit will be seen as a loss of confidence in both Ethereum and Augur making everyone follow him in selling. If that is what really happened then Bo Shen knows ETH and REP are bad investments.

I'm no adherent of REP or ETH, but the objective of an exit scam is surely to reap as much as possible from your bags. Dumping 100K REP into the order book to flash crash price to 3% of its value is not how one accomplishes this.

[bbc.reporter]

@yefi. Maybe exit scam was the wrong terminology for what I was saying. I am only speculating that maybe Bo Shen wanted to sell all his REP and ETH without hurting the reputation of both projects more because they have already suffered a lot. It will look worse if Bo Shen quietly sold. Meaning he wants to be out of the projects. If that happened, how will this make Vitalik look like?