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Author Topic: Tezos discussion  (Read 215610 times)
maddox7
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July 05, 2017, 09:56:30 PM
 #1101

I was looking at how much in BTC has been contributed to the Tezos project this morning at 7:55AM Pacific Standard Time.

At that time there was 53,505 BTC invested.


I just looked right now (2:50PM Pacific Standard Time) and the total BTC contributed has dropped to 49,997 BTC.

The page now shows 3,508 BTC  less contributed than it did this morning.  Wonder what is up with that?

They sent an email to the community 2.5hrs ago:

Quote
Update on Contributions to Date

Dear Tezos supporters,

When designing the contribution software, we made sure that all contributions to the Tezos fundraiser are recorded on the Bitcoin and Ethereum blockchains, so there is no risk of losing or forgetting any contributions, and so the fundraiser can be audited at a later time. For convenience, we also created a counter that produces summaries of contributions on the https://check.tezos.com website and a global counter at https://tezos.com. In the first hour of the fundraiser, we experienced a corruption of a database we use to produce these summaries, but the outage only prevented less 1% of the contributors to automatically confirm their transaction. We manually confirmed the contributions of these contributors.

We worked directly with these contributors to explain the situation and include their transaction confirmation in the database. Meanwhile, we carefully wrote and tested scripts for checking the consistency of the database, both its inner consistency and its consistency relative to the Bitcoin and Ethereum blockchains. Here is the result of a dry run on the production database, after 726 blocks (the 5th of July around 2PM UTC). These results are consistent with a complete replay on a test database.
•   Missed UTXOs (unspent transaction outputs): 199
•   Missed deposits: 45
•   Global data after fix:
o   Collected BTC: 48,768 (-4,565)
o   Collected ETH: 274,613 (+1,984)
o   Total allocated wallets: 21,755 (+348)
o   Changed wallets: 1,272
o   Added wallets: 200
In other words, once we run our cleanup scripts, the website counter will show 4,565 less BTC and 1,984 more ETH.
Note that all transactions have been processed correctly on the blockchains themselves, so the actual contributions are not affected. Only our separate, independent database that creates a summary of the results was temporarily affected during the first hour of the fundraiser and we’ve now produced a fix for the issue.
The number of wallets that had inaccurate summaries is 1,272. Of these, only 243 were missing UTXOs or ETH deposits. For the other affected wallets the listed contributions were valid but the total number of allocated tezzies was buggy.

All missed UTXOS (except 4) occurred in the 8 first blocks of the crowdsale. The 4 remaining missing UTXOs were randomly spread (level: 15, 331, 524, 575).
The errors that occurred during the 8 first blocks of the crowdsale resulted from two mistakes:
•   The 'offline' server was initially deployed with too little RAM, and the maintenance script crashed a couple of times. This explains the missing UTXOs.
•   While debugging these random crashes, we mistakenly (due to sleep deprivation at the time) deleted some global counters. This explains the disparities between the actual collected BTC/ETH and the amounts shown by the website counter.
We have no explanation yet for the four unregistered UTXOs that occurred later in the crowdsale. But we suspect a bug either in the Bitcoin parsing library we rely on, or the database library, or the way we use them. Anyway, we now have a robust consistency checker, and can promptly detect and correct any missing UTXOs.

Regards,
The Tezos team
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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July 05, 2017, 10:01:53 PM
 #1102

Still quite a large amount, 49,997 BTC Smiley

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July 05, 2017, 10:35:48 PM
 #1103

I was looking at how much in BTC has been contributed to the Tezos project this morning at 7:55AM Pacific Standard Time.

At that time there was 53,505 BTC invested.


I just looked right now (2:50PM Pacific Standard Time) and the total BTC contributed has dropped to 49,997 BTC.

The page now shows 3,508 BTC  less contributed than it did this morning.  Wonder what is up with that?

They sent an email to the community 2.5hrs ago:

Quote
Update on Contributions to Date

Dear Tezos supporters,

When designing the contribution software, we made sure that all contributions to the Tezos fundraiser are recorded on the Bitcoin and Ethereum blockchains, so there is no risk of losing or forgetting any contributions, and so the fundraiser can be audited at a later time. For convenience, we also created a counter that produces summaries of contributions on the https://check.tezos.com website and a global counter at https://tezos.com. In the first hour of the fundraiser, we experienced a corruption of a database we use to produce these summaries, but the outage only prevented less 1% of the contributors to automatically confirm their transaction. We manually confirmed the contributions of these contributors.

We worked directly with these contributors to explain the situation and include their transaction confirmation in the database. Meanwhile, we carefully wrote and tested scripts for checking the consistency of the database, both its inner consistency and its consistency relative to the Bitcoin and Ethereum blockchains. Here is the result of a dry run on the production database, after 726 blocks (the 5th of July around 2PM UTC). These results are consistent with a complete replay on a test database.
•   Missed UTXOs (unspent transaction outputs): 199
•   Missed deposits: 45
•   Global data after fix:
o   Collected BTC: 48,768 (-4,565)
o   Collected ETH: 274,613 (+1,984)
o   Total allocated wallets: 21,755 (+348)
o   Changed wallets: 1,272
o   Added wallets: 200
In other words, once we run our cleanup scripts, the website counter will show 4,565 less BTC and 1,984 more ETH.
Note that all transactions have been processed correctly on the blockchains themselves, so the actual contributions are not affected. Only our separate, independent database that creates a summary of the results was temporarily affected during the first hour of the fundraiser and we’ve now produced a fix for the issue.
The number of wallets that had inaccurate summaries is 1,272. Of these, only 243 were missing UTXOs or ETH deposits. For the other affected wallets the listed contributions were valid but the total number of allocated tezzies was buggy.

All missed UTXOS (except 4) occurred in the 8 first blocks of the crowdsale. The 4 remaining missing UTXOs were randomly spread (level: 15, 331, 524, 575).
The errors that occurred during the 8 first blocks of the crowdsale resulted from two mistakes:
•   The 'offline' server was initially deployed with too little RAM, and the maintenance script crashed a couple of times. This explains the missing UTXOs.
•   While debugging these random crashes, we mistakenly (due to sleep deprivation at the time) deleted some global counters. This explains the disparities between the actual collected BTC/ETH and the amounts shown by the website counter.
We have no explanation yet for the four unregistered UTXOs that occurred later in the crowdsale. But we suspect a bug either in the Bitcoin parsing library we rely on, or the database library, or the way we use them. Anyway, we now have a robust consistency checker, and can promptly detect and correct any missing UTXOs.

Regards,
The Tezos team


Yeah you are right.  I hadn't checked that email address today yet.  It's kind of odd, I signed up for updates with that email address, and then I made my contribution with a different email address.  The email address that I set up with my wallet hasn't received any sort of communication from the Tezos team.  I thought I would have at least gotten a confirmation email or something of that nature.
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July 05, 2017, 11:40:34 PM
 #1104

Woow Tezos earn much investment.
More US$ 200 millions...
Good potential...
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July 06, 2017, 12:35:50 AM
 #1105

They already collected 54 k btc and 275 k eth. What will the team do with all of this money? They will create an apple or samsung or audi? Sorry but this ico without a max cap is so stupid. I know the price will declined after getting on exchanges.

The craziest part is that I think in their funding goals, they called 20 million their "moon shot"   So we are like at a "Uranus" or "Pluto" shot by now and on our second trip there.   They should make some sort of public statement as to how this tremendous overfunding will affect the timeframe of their goals, as they now have plenty in their budget to hire as many people as needed.
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July 06, 2017, 01:30:01 AM
 #1106

From the reddit:

Tezos ICO Tracker Crowdfunding stats, analytics, blockchain explorer
http://tezosscan.io/
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July 06, 2017, 01:54:20 AM
 #1107

Woow Tezos earn much investment.
More US$ 200 millions...
Good potential...

Good potential why? lol becuse they've got $200M?

In fact, your ROI gonna be almost nothing compare to every other altcoin in crypto history.

 Cheesy
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July 06, 2017, 02:05:15 AM
 #1108

i invested 1btc. tezos should be bigger than ethereum but we must wait 2years Smiley




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July 06, 2017, 02:07:44 AM
 #1109

 Cry at last tezos will hit 100000 BTC?
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July 06, 2017, 02:08:28 AM
 #1110

PSA: 15% bonus has ended
http://tezos.000webhostapp.com/
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July 06, 2017, 07:00:29 AM
 #1111

They already collected 54 k btc and 275 k eth. What will the team do with all of this money? They will create an apple or samsung or audi? Sorry but this ico without a max cap is so stupid. I know the price will declined after getting on exchanges.

The craziest part is that I think in their funding goals, they called 20 million their "moon shot"   So we are like at a "Uranus" or "Pluto" shot by now and on our second trip there.   They should make some sort of public statement as to how this tremendous overfunding will affect the timeframe of their goals, as they now have plenty in their budget to hire as many people as needed.
I agree..
Overfinancing is very rare in recent days, so devs should have no dilemma in project implementation.
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July 06, 2017, 10:07:31 AM
 #1112

can i send eth from bittrex to tezos contribution address?thx.
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July 06, 2017, 10:17:34 AM
 #1113

can i send eth from bittrex to tezos contribution address?thx.

you should create an ether wallet and send from there to be sure
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July 06, 2017, 10:41:56 AM
 #1114

the funds for this project are just unreal  Shocked

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July 06, 2017, 10:54:26 AM
 #1115

I don't understand how tezos trading in hitbtc Huh Huh
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July 06, 2017, 11:21:20 AM
 #1116

I don't understand how tezos trading in hitbtc Huh Huh

It's not real token, it's IOU, token that will be delivered to buyer in the future. Hitbtc buys some good tokens and resell them...

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July 06, 2017, 11:46:56 AM
 #1117

which exchanges provide IOU except bithbc for tezos?
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July 06, 2017, 12:18:56 PM
 #1118

I don't understand how tezos trading in hitbtc Huh Huh

It's not real token, it's IOU, token that will be delivered to buyer in the future. Hitbtc buys some good tokens and resell them...
thanks bro
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July 06, 2017, 01:02:57 PM
 #1119

which exchanges provide IOU except bithbc for tezos?

I've heard only about hitbtc... But be aware, usually IOU are way overpriced, like 5-10x... After the token is released, the price drop fast Smiley

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July 06, 2017, 01:20:29 PM
 #1120

I don't understand how tezos trading in hitbtc Huh Huh
its just presumption and just created by the exchange they are not related with the current ico if I remember it correctly its also happen before with yobit not sure if that's wave of lisk but even though better to wait for the real token to be in a exchange that was been list by the dev team.
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