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mmfiore
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January 15, 2016, 01:29:14 PM |
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cryptsy was hacked. In retrospect the only solution for cryptsy and other exchanges in the future is one of two options:
1. Get insurance. If that is even possible to do.. not sure if exchanges can be insured.
2. The community must support the exchange in the exact same way as in the movie Its a Wonderful Life.
The exchange could return the money once they have recovered. Once people panic and take all their money out the exchange is doomed. We panicked. The next time this happens the exchange should tell it like it is and ask the people not to panic. Now no one will get the money back.
We should not be so mad at Big Vern we should be angry at the hacker. The hacker is the one that should be brought to justice.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Biomech
Legendary
 Offline
Activity: 1372
Merit: 1022
Anarchy is not chaos.
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January 15, 2016, 06:03:58 PM |
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cryptsy was hacked. In retrospect the only solution for cryptsy and other exchanges in the future is one of two options:
1. Get insurance. If that is even possible to do.. not sure if exchanges can be insured.
2. The community must support the exchange in the exact same way as in the movie Its a Wonderful Life.
The exchange could return the money once they have recovered. Once people panic and take all their money out the exchange is doomed. We panicked. The next time this happens the exchange should tell it like it is and ask the people not to panic. Now no one will get the money back.
We should not be so mad at Big Vern we should be angry at the hacker. The hacker is the one that should be brought to justice.
Yeah. Except. How the FUCK do you hack a cold wallet remotely? It would have to be actually an online wallet, not true cold storage. And that pretty much requires inside knowledge, even then. |
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presstab
Legendary
Offline
Activity: 1330
Merit: 1000
Blockchain Developer
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January 15, 2016, 06:45:27 PM |
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cryptsy was hacked. In retrospect the only solution for cryptsy and other exchanges in the future is one of two options:
1. Get insurance. If that is even possible to do.. not sure if exchanges can be insured.
2. The community must support the exchange in the exact same way as in the movie Its a Wonderful Life.
The exchange could return the money once they have recovered. Once people panic and take all their money out the exchange is doomed. We panicked. The next time this happens the exchange should tell it like it is and ask the people not to panic. Now no one will get the money back.
We should not be so mad at Big Vern we should be angry at the hacker. The hacker is the one that should be brought to justice.
Yeah. Except. How the FUCK do you hack a cold wallet remotely? It would have to be actually an online wallet, not true cold storage. And that pretty much requires inside knowledge, even then. It was room temperature apparently. |
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mmfiore
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January 15, 2016, 06:47:14 PM |
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I think what happened is that the hacker set up a command and control center via code inside the Lucky 7 wallet that he asked Cryptsy to put online. This code allowed the hacker into a backdoor through the wallet. It must have been able to steal passwords as well. That is my guess. If it is an inside job then Vern will be destroyed as a result of that action. Cryptsy is bankrupted, Big Vern reputation is destroyed, his wife is divorcing him and he is losing his house. Looks like he is doing a bad job as a thief. I just hate seeing everyone losing but I guess the circle of trust is broken and there is no hope at this point.
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Biomech
Legendary
Offline
Activity: 1372
Merit: 1022
Anarchy is not chaos.
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January 15, 2016, 07:12:57 PM |
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cryptsy was hacked. In retrospect the only solution for cryptsy and other exchanges in the future is one of two options:
1. Get insurance. If that is even possible to do.. not sure if exchanges can be insured.
2. The community must support the exchange in the exact same way as in the movie Its a Wonderful Life.
The exchange could return the money once they have recovered. Once people panic and take all their money out the exchange is doomed. We panicked. The next time this happens the exchange should tell it like it is and ask the people not to panic. Now no one will get the money back.
We should not be so mad at Big Vern we should be angry at the hacker. The hacker is the one that should be brought to justice.
Yeah. Except. How the FUCK do you hack a cold wallet remotely? It would have to be actually an online wallet, not true cold storage. And that pretty much requires inside knowledge, even then. It was room temperature apparently. Must've been  My suspicion regarding their architecture is that they weren't actually cold wallets, but simply offline until needed. Which is a very bad design. No proof of course, just speculation, but it's the only way I can see a backdoor getting the credentials. At best, this was incomplete paranoia. Security people should be diagnosed paranoids. |
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Hilux74
Legendary
Offline
Activity: 912
Merit: 1000
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January 15, 2016, 07:14:28 PM |
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Kind of sad about Cryptsy, in many ways it mirrors the general down mood of altcoins in general these days. I first got into crypto mining LTC at LiteBonk...BigVerns first pool. That was months before the altcoin explosion and the opening of Cryptsy. In fact I remember on the LiteBonk forum when Feathercoin was first released BigVern joked that if BTC was gold and LTC was silver then FTC were wooden nickels.  Then the flood gates of altcoins opened and Cryptsy opened. Those were good times. |
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panpine
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January 16, 2016, 01:18:08 AM |
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Kind of sad about Cryptsy, in many ways it mirrors the general down mood of altcoins in general these days. I first got into crypto mining LTC at LiteBonk...BigVerns first pool. That was months before the altcoin explosion and the opening of [Suspicious link removed] fact I remember on the LiteBonk forum when Feathercoin was first released BigVern joked that if BTC was gold and LTC was silver then FTC were wooden nickels. Then the flood gates of altcoins opened and Cryptsy opened. Those were good times. nicely said .. all those moments are lost in time like tears in a rain |
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forzendiablo
Legendary
Offline
Activity: 1526
Merit: 1000
the grandpa of cryptos
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January 16, 2016, 01:40:16 AM |
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coinex stole HBN now CRYPTSY seems we will always have dumper stealers! |
yolo
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mmfiore
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January 16, 2016, 04:35:22 PM |
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The lesson I think that we all have learned is to not keep too much coin on exchanges. Exchanges are not safe for long term storage.
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HCLivess
Legendary
Offline
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
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January 16, 2016, 06:21:24 PM |
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Hi guys, how much would it cost to get a C developer to improve the block synchronization and ease the memory and processor issues by perhaps imprting them from another NVC fork? I looked into the stuff, but I found out that it is more profitable for me to spend time elsewhere since i'm such a C noob. Tranz is busy and I would love to see those improvements, don't you have a friend who could do it?
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sandpaper
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January 19, 2016, 01:45:54 AM |
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What's the next most preferable altcoin exchange that we can get listed on? I know we're on crytopia but I think a more reputable high volume exchange would suit HBN better. I know I have wanted to buy decent sized chunks but Cryptsy was a gamble and I don't trust the lesser known exchange just yet.
I was thinking Bittrex or Poloniex
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ryanb
Legendary
Offline
Activity: 1148
Merit: 1000
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January 19, 2016, 03:33:30 AM |
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What's the next most preferable altcoin exchange that we can get listed on? I know we're on crytopia but I think a more reputable high volume exchange would suit HBN better. I know I have wanted to buy decent sized chunks but Cryptsy was a gamble and I don't trust the lesser known exchange just yet.
I was thinking Bittrex or Poloniex
both polo and bittrex are good as well as c-cex. |
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panpine
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January 19, 2016, 12:20:29 PM |
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we are on a very low price now on cryptopia 0.000005 - bad for holders but great for buyers!
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ryanb
Legendary
Offline
Activity: 1148
Merit: 1000
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January 19, 2016, 06:33:18 PM |
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we are on a very low price now on cryptopia 0.000005 - bad for holders but great for buyers!
I wish i got more btc to buy more. |
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mmfiore
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January 19, 2016, 11:22:22 PM |
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I know there must be a pool to mine hobonickels but I can't find one. All the pools I checks are gone. Anybody know of a HBN pool?
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pazor_true
Legendary
Offline
Activity: 1460
Merit: 1025
i love Emerald (EMD)
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January 20, 2016, 12:20:45 AM |
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hash-to-coins there you can mine hbn and emd... |
BTC 12jiBjT2GSWYk2HwYdPqsQMuLqZ1br9D37 - i am Pazor
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mmfiore
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January 20, 2016, 12:50:54 AM |
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thanks pazor_true after much searching I finally stumbled upon hash-to-coins. I am testing right now. Seems like there should be more than one pool going for HBN.
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HCLivess
Legendary
Offline
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
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January 20, 2016, 06:37:20 AM |
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are you sure we are not forked? my blockchain is getting stuck in the past (2 days)
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panpine
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January 20, 2016, 10:58:20 AM |
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are you sure we are not forked? my blockchain is getting stuck in the past (2 days)
Hi i think we are not , these stucking thing happens to me quite reqularly , might be my router, poor pc setup , hbn network i dont know , but after restart of pc usualy and adding couple of nodes frome nodelist on hb[Suspicious link removed]esstab.pw I am always able to catch up. |
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Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
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January 20, 2016, 11:58:25 AM |
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we are on a very low price now on cryptopia 0.000005 - bad for holders but great for buyers!
I wish i got more btc to buy more. There is not much on offer for sale anyway. HBN will survive as a 'Low Volume' coin while a new exchange listing is found. |
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