[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread

[kuperis]

Bought 0.9 btc worth...
Had no more btc in there. I had just transferred out 10btc before...I would have bought them and made 60 btc. I feel pissed.

similiar to me bought for 0.5BTC, i had 5just transferred to my wallet..and and deposited again, but its too late...

[SyRenity]

Initial set of Counterwallet screenshots are here: https://forums.counterparty.co/index.php/topic,79.msg685.html#msg685

I also provide more info on features and release timeline. Wallet questions in that thread are preferred.

That looking really good. I like this colors, its looking even better than blockchain web wallet. Great work.

Edit. Maybe little more dark XCP color background so its not too near white. Or maybe very tin black round lines to all white letters.  But not sure maybe my screen only make it difficult read.

Yeah, the interface itself (colors, borders, etc) is still in a very early stage. I've done a good amount, but my design/color skills are limited (I don't really consider myself a web dev). This will be a good start, and hopefully some talented web devs can jump on and pitch in.

The main goal is to to make it very, very simple to use. You can literally get started with the wallet and be running in 5 to 10 seconds. Past that, you just need to know about the general concepts (assets, buying and selling on a market, etc). Also, the data gathering functionality (forms, etc) has extensive validation built in that gives simple messages back so that users aren't getting obscure errors and wondering if they did an action correctly or not.

Very nice for the first iteration.

I do hope you give a look to NXT wallet, they have a great color scheme, and maybe we can learn some from there:
http://nxtra.org/nxt-client/

Use this pass for example:
g!9XZy9dDsN4HP6*qPtshVzJ8m%Jeg^WcXtyq*V@

Includes assets exchange, DEX, messaging, forging and more.

[HinnomTX]

That's what traders call a "fat finger" I hope for the guy that he intended to do that (which makes him just stupid), because if he wasn't, that's an expensive mistake.

At least, since he had 35k XCP, he redistributed them nicely !

I feel sorry for the guy. Open buy and sell orders right below the sell and buy boxes can confuse the novice. I can't remember, does poloniex have a confirmation dialog box?

Hmmm... he wouldn't have transferred 35k XCP to buy them

Also, it's a reminder. Don't try to manipulate illiquid markets with a strong project behind.

Did he transfer them? Perhaps he had accumulated 35k and then fat fingered them back to market. Without the buy/sell dialog box, there's nothing to stop you from executing a bad trade.

I like fast, clean exchanges like Poloniex and BTC-E, but they give no allowance for the dog that jumps in your lap while you're trading.

[delulo]

When about will the web based client come out? And what advantages would it have compared to the Desktop client?

Any other price drivers in the near future?

[IamNotSure]

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

Please don't spread FUD as long as you don't know exactly what's going on.

[520Bit]

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

I found the same issue as yours. But I am not sure what is really going on there.

[savithau68]

Lets try to get a reply from Busoni

[mtbitcoin]

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

Unfortunately ... it does look highly likely you're right... Has anyone informed poloniex?

[qwertyqwerty]

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

Unfortunately ... it does look highly likely you're right... Has anyone informed poloniex?

let's see

btw, there is also bot on poloniex who place higher bids, these are marked usually ms after order placed. seemed to not be coincidental placements. I had noticed it few days ago and just now too.

[romerun]

I think there is only 1 way to perfectly implement this pegged value idea. Create a DAC (Distributed Autonomous Community) whose sole function is to take an amount of BTC as an input and return the same amount of XBTC to you in return. This DAC will run on at least all the underwriters computers. This keeps it as simple as possible. The DAC is trust-less and starts with the 21 Million XBTC. To get the XBTC you have to feed it with BTC. All the accounts would be transparent and really simple - only 1 address is needed for both the BTC and XCP.

This would work for any other crypto-currency too. The only caveat being that the members of the DAC community would have to run the blockchains of each cryptocurrency involved.

Curious of what is a practical way to make such DAC ? How to prove that only nodes in DAC know the private key ?

[lonsharim]

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

Unfortunately ... it does look highly likely you're right... Has anyone informed poloniex?

Let's wait for a response from poloniex. It's terrible if true but lets wait for an official confirmation.

[Chang Hum]

When does this troll order expire? 0.01738562 BTC/XCP

[riceberry]

What a dump..

[Wit22]

Well I withdrew everything until I hear back from you guys

[lonsharim]

Can anyone tell me how the order  book is matched in this dump scenario.

1. A sell order was placed for 0.002 for at least 16,000 XCP
2. There were many buy orders greater than 0.002 at least up to 0.011

Do these buy orders get matched to the dump price? If yes, do they get matched @ 0.002 or at their original bid?

[savithau68]

Our only centralised exchange hacked?!!!  

[mtbitcoin]

Can anyone tell me how the order  book is matched in this dump scenario.

1. A sell order was placed for 0.002 for at least 16,000 XCP
2. There were many buy orders greater than 0.002 at least up to 0.011

Do these buy orders get matched to the dump price? If yes, do they get matched @ 0.002 or at their original bid?

Original bid all the way down to 0.002

[lonsharim]

I think there is only 1 way to perfectly implement this pegged value idea. Create a DAC (Distributed Autonomous Community) whose sole function is to take an amount of BTC as an input and return the same amount of XBTC to you in return. This DAC will run on at least all the underwriters computers. This keeps it as simple as possible. The DAC is trust-less and starts with the 21 Million XBTC. To get the XBTC you have to feed it with BTC. All the accounts would be transparent and really simple - only 1 address is needed for both the BTC and XCP.

This would work for any other crypto-currency too. The only caveat being that the members of the DAC community would have to run the blockchains of each cryptocurrency involved.

Curious of what is a practical way to make such DAC ? How to prove that only nodes in DAC know the private key ?

There is no way to prove that only nodes in the DAC know the private key.

I still think the idea is simple enough (and splendid) to implement and can be done quickly. It needs to be setup by someone with a community standing so that there is enough trust.

[savithau68]

If poloniex was hacked, wouldn't other altcoins have been stolen?

[PhantomPhreak]

When does this troll order expire? 0.01738562 BTC/XCP

It won't expire for a while, but it doesn't matter, because any orders to sell XCP for BTC with a non-trivial (e.g. default) 'fee required' will bypass it now. In fact, there are a couple open sell orders, so the next match should happen when someone tries to buy XCP on the distributed exchange.