[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[SquidsIn]

Wallet disabled on Bittrex.

Due to maintenance: https://bittrex.com/News

I checked, the maintenance is marked as (Done) and the status is still the same as it was earlier;

"Inactive   The wallet is disabled. This is usually due to the network having difficulties or the wallet taken offline due to a coin swap."

[BeardedCouncil]

Hmmm. Odd.

Looking at the status page https://bittrex.com/Status 888 hasn't been 'checked' since 4am (same +/- as the other inactive coin)and there's no 'Notice' in the notice box at the bottom.

Maybe they're looking at de-listing, maybe the Devs have asked them to pause the market because they're bringing us an update today. Maybe, maybe, maybe... It's odd for sure.

[Edit: the network seems ok, blocks are still being found unlike last weeks difficulty spike problem]

[th0ms0n]

not trying to scare anyone, but it seems there is a "feature" within the octo wallet, that caused bittrex to pay out twice. then the whole market shut down. bittrex guys are trying to fix it though...

[BeardedCouncil]

not trying to scare anyone, but it seems there is a "feature" within the octo wallet, that caused bittrex to pay out twice. then the whole market shut down. bittrex guys are trying to fix it though...

Source?

[richibichi]

not trying to scare anyone, but it seems there is a "feature" within the octo wallet, that caused bittrex to pay out twice. then the whole market shut down. bittrex guys are trying to fix it though...

Are you sure or it's rumour?

Please post only certain information or indicate the source 

[frameLAlife]

if i had known that "feature" was in there i woulda withdrawn way more lol  jk

[th0ms0n]

i know it, because i'm the one who broke it. unfortunately...
i wanted to withdraw some octos this morning, received the amount twice and then the market froze.
richie contacted me and i sent back one of the transactions.
i'm in contact with him and i'll keep you guys up 2 date.

the reason seems to be that the octo wallet overwrote an entry which bittrex uses to keep track of already sent transactions..
however, the bittrex guys are working on it

[frameLAlife]

i know it, because i'm the one who broke it. unfortunately...
i wanted to withdraw some octos this morning, received the amount twice and then the market froze.
richie contacted me and i sent back one of the transactions.
i'm in contact with him and i'll keep you guys up 2 date.

the reason seems to be that the octo wallet overwrote an entry which bittrex uses to keep track of already sent transactions..
however, the bittrex guys are working on it

interesting. thanks for the response. do you know if Bittrex is in contact with the devs at all?

[OctoCoin]

We have contacted Bittrex.com and hope to have this straightened out very soon. While we apologize for the continued delay on other fronts, we are getting fires putting out, making some acquisitions, and things are still moving forward. Getting the issue(s) worked out at Bittrex.com is a major priority as they serve as the only 888 exchange with reasonable volume at this time. While this sudden double-spend issue is likely not related to the OctoCoin code, we will certainly work with them to get that handled regardless.

We want to ensure you all that we are still active and all of our plans absolutely remain in place. We are behind schedule and we are in a difficult market but we will prevail. This community is important to us (even if, at times, it feels otherwise). We have only burned through a fraction of our capital, we hold a significant position in OctoCoin, and we have millions of lines of code we have written that we are anxious to unleash.

Thank you all for your continued support and dedication.

[OctoCoin]

Just an update on the Bittrex situation: we have received additional details from Richie and are digging into the issue. For those concerned about OctoCoin potentially being delisted from Bittrex, here are Richie's comments:

"Don't worry about delisting... I'm more concerned about this problem because it might impact a lot more than just octo."

Basically, as some of you have already gathered, some of the transaction comments are apparently being overwritten which is how Bittrex manages payouts. They froze 888 trading and put up a "delisting" warning both to prevent additional repeats and to expedite action on our part. While we have never experienced this issue nor seen reports of any issues until now, not all services operate in the same manner. It's possible this is an issue that has been corrected in the latest Bitcoin Core source code and, if that is the case, we will ensure the fix is implemented and release our new wallet ahead of schedule. Regardless, Bittrex may want to consider a new method for verifying withdrawals to avoid this potential issue with other currencies. We will get it all straightened out.

[shellbunner]

Thanks for the update 

[LeFiste]

Damn...every time I'm starting to lose faith in Octo an update occurs Thanks for the heads up!

[frameLAlife]

Thanks for the updates! 

[frameLAlife]

Damn...every time I'm starting to lose faith in Octo an update occurs Thanks for the heads up!

word. just gotta have patience and keep the faith. however don't forget the conference calls on Sundays!

[peterw]

I hope the devs will read this:

Devs, if you actually have things to release related to octocoin, PLEASE do not wait too long to release them. NOW seems like a great moment for a legit and innovative altcoin to rise above the rest of the mess. But the world is always changing. Don’t wait and wait and wait and sit on your millions of lines of code and miss the opportunity.

[frameLAlife]

I hope the devs will read this:

Devs, if you actually have things to release related to octocoin, PLEASE do not wait too long to release them. NOW seems like a great moment for a legit and innovative altcoin to rise above the rest of the mess. But the world is always changing. Don’t wait and wait and wait and sit on your millions of lines of code and miss the opportunity.

My guess is they know way more about this than any of us do. I am always concerned with their plans and timing but one thing we don't want is half completed projects released.. patience. Also, there is nothing wrong with sitting on what you have if you view the risk as too high. Right now the main concern should be that Bittrex and the devs are ensuring that everyone's coins are safe on Bittrex servers. I am glad they posted here for that... that's the kinda update you wouldn't want them to disappear on and cause fear and uncertainty lol.

I do think on some level everyone feels the way you do though.. hard not to

[frameLAlife]

Just an update on the Bittrex situation: we have received additional details from Richie and are digging into the issue. For those concerned about OctoCoin potentially being delisted from Bittrex, here are Richie's comments:

"Don't worry about delisting... I'm more concerned about this problem because it might impact a lot more than just octo."

Basically, as some of you have already gathered, some of the transaction comments are apparently being overwritten which is how Bittrex manages payouts. They froze 888 trading and put up a "delisting" warning both to prevent additional repeats and to expedite action on our part. While we have never experienced this issue nor seen reports of any issues until now, not all services operate in the same manner. It's possible this is an issue that has been corrected in the latest Bitcoin Core source code and, if that is the case, we will ensure the fix is implemented and release our new wallet ahead of schedule. Regardless, Bittrex may want to consider a new method for verifying withdrawals to avoid this potential issue with other currencies. We will get it all straightened out.

gangsta update

[frameLAlife]

so the issue was caught when users received a second payout which doubled the amount withdrawn if i am understanding this correctly. feel free to explain if i messed this up. i never mind being corrected

so, in theory, if the user hadn't been honest, and say withdrew 4000 octo but received 8000, could he have taken advantage of this? if he had re deposited all 8000 and withdrew 8000 again, he could potentially have potentially withdrew 16,000. right?

if so, kudos for being honest. also, at some point, anyone attempting to steal in that way would risk losing all the octo he was stealing had someone realized it, reported it and when he deposited it again and Bittrex then locked it down. so even if they made some gains they could have been caught and lost it all, or if they were smart the wouldn't re deposit the whole amount.

just spinning my wheels in my brain here. interesting.

is this theory or understanding correct or am i way off?

[frameLAlife]

and someone needs to give that dude a reward for being honest. even on one double withdrawl he coulda just not said anything. i know rewarding someone for doing what is right and what they should do is kinda tacky but in crypto where there are a decent portion of dishonest people, i applaud anyone for doing the right thing.

[th0ms0n]

well bittrex sent me a tip in btc as thanks for for sending it back... and it wasnt 8000, is was about 74000 i received twice