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

[IamNotSure]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50

Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.

The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.

[peled1986]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50

Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.

The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.

Also About 7000 XCP were withdrawn from Poloniex until the withdrawn function was disabled.
This might also have an effect.

[qtgwith]

Speaking only for myself, I agree creating more XCP is not a solution.

This whole situation, while unfortunate, has been handled well and I assume that will continue to be the case. That the Buy/Sell thread did not see a huge influx of panic selling was both surprising and impressive. The security issue has been fixed and the utility of the protocol remains intact. I don't see any other possible course of action other than waiting it out until more information is available. Namely, what the hacker decides to do and what busoni proposes.

It's absolute right!Support!Don't discuss this again.

[roede94105]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50

Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.

The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.

So, he's not that white finally? Too bad :/

[dhanumitra]

Hello,
I had some XCPs at Poloniex, but in the sell order, and did not get affected by this issue whatsoever.
It is highly likely that I get them back, no?
Thanks in advance

50-50

Probably more than 90% sure you'll get them back if no order was executed. XCP mess was fixed with a rollback.

The issue is now on the BTC side, which can obviously not being rolled back. The grey hat hacker has stolen (borrowed to make a point?) around 80 BTC from Poloniex.

So, he's not that white finally? Too bad :/

if he is  white he would have demonstrated it to developers

[wizzardTim]

One important question: The big buy order in DEX is a scam? or not?

[peled1986]

One important question: The big buy order in DEX is a scam? or not?

Its a "troll order" to clean up all the sell orders.
0.09999910 btc per xcp is "above market price"  - so the buyer never intended to pay the BTC using BTCpay.

anyways this problem is fixed now using "fee" by the seller.

[dhanumitra]

One important question: The big buy order in DEX is a scam? or not?

A bogus order

[IamNotSure]

One important question: The big buy order in DEX is a scam? or not?

Its a "troll order" to clean up all the sell orders.
0.09999910 btc per xcp is "above market price"  - so the buyer never intended to pay the BTC using BTCpay.

anyways this problem is fixed now using "fee" by the seller.

Indeed, now you can easily bypass this order by putting a fee bigger than 0.0005 (0,05%)

I don't get exacly how it is calculated though, but it seems that orders like this one are not matched by the troll order any more, which is a good thing (low fee possible)

4661   50 XCP   0.013 BTC/XCP   0.65 BTC

A clarification in the FAQ or the wiki is welcome (with examples) to let the genuine users know how to use the DEX efficiently without spending too much in fees.

PS: a scam, stricto sensu, is impossible on the DEX since it is a trustless system (and that's the beauty of it)

[PhantomPhreak]

Can someone please explain what happens when two people try to sell at the bid price at the same time? Who gets the fill?
This is fundamental issue with Decentralized Distributed Exchanges.

There's no such thing as 'at the same time' in the blockchain: two transactions in the same block are handled in order of appearance within the block.

but the order of the transactions can be different per miner... so its dependent on which miner solves the block?

Yes.

[dhanumitra]

will xcp be back on poloniex?

[prophetx]

Does anyone know what happened to Bitshares/PTS ? Why the huge jump in volume ? $5 million + ? Was there a breakthrough of some sort ? They are nearing the $30million market cap which they have only reached briefly before during the Chinese pump in early December. I find this situation very curious considering they are a direct competitor with Counterparty along with Mastercoin and NXT.

i wondered as well this is the answer i got

It was announced that later BTS X chains would be based off of the test BTS chain and thus everyone is rushing to get PTS/AGS before the 28th since most of the market seems to think that BTS is worth a lot as a DAC but other concepts are not.

https://bitsharestalk.org/index.php?topic=2851.0

[Spekulatius]

I kinda like the "trustless vote within the XCP protocol test case" this could be turned into. Just thinking. If it works this will be ANOTHER step ahead of the competition after the DEX. The demonstration in practice would be a vivid participation because everyone would stand to gain (or loose) something. Maybe only those users that were affected by the hack could be identified and enabled for voting? Or every account holder, depending on what we would come to decide.

What if the question would be whether we should not only reimburse Poloniex (and thus the XCP users) but also give a little extra to every XCP holder thus evening out the playing field? So in the end nobody suffered from this mini inflationary event and we have another mile stone ticked off our list.

Disclosure: I made a little profit by having a buy order filled during the dump.

[dhanumitra]

Does anyone know what happened to Bitshares/PTS ? Why the huge jump in volume ? $5 million + ? Was there a breakthrough of some sort ? They are nearing the $30million market cap which they have only reached briefly before during the Chinese pump in early December. I find this situation very curious considering they are a direct competitor with Counterparty along with Mastercoin and NXT.

XCP lacks marketing/advertising. Look at Doge. Its there in top 5 because of marketing.

[prophetx]

... I wonder if it is technically realistic?  How would this solution actually be implemented?  

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

this is the most retarded thing i have read today, another bailout ... call Obama and Bernanke

[halfcab123]

we should trustlessly vote on a few predetermined scenarios, with a minimum amount of voters required for the vote to stand. If not enough voters participate we will have to have PhantomPhreak and Xnova talk with us on the forum and come to a decision based on whats best for the majority, and which plan of action does the least damage to the notoriety and fairness of the protocol. We have to really think longterm here guys. For instance if you gain back 100% and people lose faith then your 100% might not be worth much, but if you gain back 60% and the rep stays the same.. well.. ? then you just might have a pot of gold, like we all will inevitably have anyways.

[SkillRoad]

Yes, I would like to have a donation address, I don't care if you burned 100 BTC already, you're getting more. Thanks.

they are using the donations for bounties

[ddink7]

we should trustlessly vote on a few predetermined scenarios, with a minimum amount of voters required for the vote to stand. If not enough voters participate we will have to have PhantomPhreak and Xnova talk with us on the forum and come to a decision based on whats best for the majority, and which plan of action does the least damage to the notoriety and fairness of the protocol. We have to really think longterm here guys. For instance if you gain back 100% and people lose faith then your 100% might not be worth much, but if you gain back 60% and the rep stays the same.. well.. ? then you just might have a pot of gold, like we all will inevitably have anyways.

There's no decision to be made. If you change the protocol after-the-fact, you lose all credibility. It's the same discussion the bitcoin community recently had about the DPR coins. It would be advantageous to fork out all the captured DPR/FBI coins...but the damage to the protocol would be HUGE.

Also, for what it's worth, I'm definitely rethinking my assessment of the "white hat" hacker here. It now sounds less like a white hat and more like a really conflicted grey hat. A benevolent hacker would have withdrawn and redeposited the 35k XCP, then done a couple of small transactions to prove it was possible, then notified Busoni. A white hat would NOT have executed 80 BTC worth of trades and completely disrupted the exchange, if not the entire XCP marketplace.

FACT: Busoni is going to spend days, maybe weeks, sorting through the result of this debacle and trying to figure out how to disperse the "damage."

I call on all the community members who pledged bounties to the "white hat" hacker to rescind those pledges, and instead forward any donations to Busoni, to help him resolve the damage that this hacker caused to Poloniex, and possibly to the entire ecosystem.

[qtgwith]

we should trustlessly vote on a few predetermined scenarios, with a minimum amount of voters required for the vote to stand. If not enough voters participate we will have to have PhantomPhreak and Xnova talk with us on the forum and come to a decision based on whats best for the majority, and which plan of action does the least damage to the notoriety and fairness of the protocol. We have to really think longterm here guys. For instance if you gain back 100% and people lose faith then your 100% might not be worth much, but if you gain back 60% and the rep stays the same.. well.. ? then you just might have a pot of gold, like we all will inevitably have anyways.

Chaotic logic!  Shut up please. You have given too much noise in this forum! We all know you have burned 15BTC. ok!

[SkillRoad]

Hi Busoni- what'up with the site? cant get on it for the past 20 minutes

also- just before it went dead - I made a withdrawal of 2BTC received an email confirmation request that also cant connect the the site- so obviously cant confirm

Oops! Google Chrome could not find www.poloniex.com


Google Search

weird... its working for me

here it is still dead.... maybe accessing different servers? all other sites work well at 100mgps