Bitcoin Forum
December 16, 2019, 12:31:39 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1771 1772 1773 1774 1775 1776 1777 1778 1779 1780 1781 1782 1783 1784 1785 1786 1787 1788 1789 1790 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 [1821] 1822 1823 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 ... 1945 »
  Print  
Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2917454 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
leoinker
Member
**
Offline Offline

Activity: 107
Merit: 24

Here to help however I can.


View Profile WWW
March 20, 2018, 09:15:03 PM
Merited by wiser (2)
 #36401

The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.

I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!

twitter: @leoinker | Find this post helpful? Merit it! Then donate some XEM: NDKYQJKJ5N5WTNNM5CXDJ3FNAACULZMN7DVARZH6 Smiley
1576499499
Hero Member
*
Offline Offline

Posts: 1576499499

View Profile Personal Message (Offline)

Ignore
1576499499
Reply with quote  #2

1576499499
Report to moderator
1576499499
Hero Member
*
Offline Offline

Posts: 1576499499

View Profile Personal Message (Offline)

Ignore
1576499499
Reply with quote  #2

1576499499
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
wiser
Legendary
*
Offline Offline

Activity: 1750
Merit: 1025



View Profile
March 21, 2018, 12:00:46 AM
 #36402

The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.

I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!

Those are all excellent points, especially 1, 2, and 4. The "redistribution" was theft, plain and simple, and in a way he didn't just steal from Coincheck. He stole from all of us holding NEM, especially anyone who was in a position where they needed to sell for any reason (such as paying a bill) while the price is depressed due to his/her actions.

But with that said, this kind of thing happens in crypto, and we pretty much have to expect it for the time being.

DNotes Trading Bot - Simple · Affordable · Effective
Automated Bot Trading for Everyone
Big Naturals
Sr. Member
****
Offline Offline

Activity: 742
Merit: 267


View Profile
March 21, 2018, 12:39:03 AM
 #36403

The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.

I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!

Those are all excellent points, especially 1, 2, and 4. The "redistribution" was theft, plain and simple, and in a way he didn't just steal from Coincheck. He stole from all of us holding NEM, especially anyone who was in a position where they needed to sell for any reason (such as paying a bill) while the price is depressed due to his/her actions.

But with that said, this kind of thing happens in crypto, and we pretty much have to expect it for the time being.

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!
jacobwoods
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
March 21, 2018, 01:18:24 AM
 #36404

Hey everyone. I wanted to invite community members to Switchain. It's a newly revamped non-custodial exchange and a efficiency way to trade NEM. I'm brand new to the community and I wish everyone luck. Thanks!
wiser
Legendary
*
Offline Offline

Activity: 1750
Merit: 1025



View Profile
March 21, 2018, 04:25:09 AM
 #36405

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!

Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent.

DNotes Trading Bot - Simple · Affordable · Effective
Automated Bot Trading for Everyone
raoulsergia
Full Member
***
Offline Offline

Activity: 322
Merit: 101



View Profile
March 21, 2018, 04:47:15 AM
 #36406

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!

Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent.


LOL the analogy sucks but I agre than NEM made it through the dark night
Many coins take years ... The exchange was great to refund the customers unlike some other shit exchanges which got hacked recently

Shows the difference between professionally run exchange like Coincheck and a shady job exchanges which are dime a dozen
Big Naturals
Sr. Member
****
Offline Offline

Activity: 742
Merit: 267


View Profile
March 21, 2018, 06:59:33 AM
 #36407

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!

Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent.


LOL the analogy sucks but I agre than NEM made it through the dark night
Many coins take years ... The exchange was great to refund the customers unlike some other shit exchanges which got hacked recently

Shows the difference between professionally run exchange like Coincheck and a shady job exchanges which are dime a dozen

Yes, leaving newborn babies outside in the cold is horrible, but it did weed out the weaker ones, strengthened the gene pool, and made Sparta strong. Forget the analogy if it upsets you, but I fear too many cryptos with billions in marketcap are very weak, easily damaged, and beneath a thin veneer of 'decentralization' are actually highly centralised with unaccountable governance, multiple points of failure, and dependent on a few key people to keep things 'credible' for investors.

The recent wave of FUD and media scare campaigns is good if it weeds out the weak cryptos, and a mega hack is nothing compared to a full frontal government assault like a outright ban. Crypto needs to survive that if it's going to survive long term, and out of +1500 coins I only see 3-4 that would.

Take XMR for example, all it would take to have it crumble into a pile of dust would be news that Ricardo Spagni was on his knees in a South African prison servicing other inmates after being arrested on trumped up charges if anonymous coins were ever banned, and remaining XMR dev team would vaporise into thin air. Same for Z-cash with Zooko Wilcox, if he gets called into the FBI for a chat, Z-cash goes in the toilet.

In a few years crypto will likely be a battleground, with key people getting arrested for SEC violations and people will do jail time for some ICO abuses. When that happens only the Spartan coins will survive, and even a 500mil hack will look like a smack on the bum, not a night outdoors for a newborn. It's coming guys, WAR
CryptoSporidium
Sr. Member
****
Offline Offline

Activity: 401
Merit: 250


View Profile
March 21, 2018, 07:58:50 AM
 #36408

Take XMR for example, all it would take to have it crumble into a pile of dust would be news that Ricardo Spagni was on his knees in a South African prison servicing other inmates after being arrested on trumped up charges if anonymous coins were ever banned, and remaining XMR dev team would vaporise into thin air. Same for Z-cash with Zooko Wilcox, if he gets called into the FBI for a chat, Z-cash goes in the toilet.

In a few years crypto will likely be a battleground, with key people getting arrested for SEC violations and people will do jail time for some ICO abuses. When that happens only the Spartan coins will survive, and even a 500mil hack will look like a smack on the bum, not a night outdoors for a newborn. It's coming guys, WAR

Colorful language but point well made, public devs of anonymous crypto currencies is definitely a point of failure, that's why I prefer BBR::Zoidberg & KMD::jl777 in many ways to XMR and Zcash, as those guys are both anonymous and world class devs, and you still get the same basic tech as XMR & Zcash but with plenty of extra features.

edit, I see today TPTB are recycling 'child porn on the blockchain' , soon we'll hear news of terrorists using XMR and/or Zcash and that's when public devs will get squeezed for supporting terrorist organizations if they refuse to de-anonymize transactions, which would be complete BS but still enough to get someone behind bars to set an example
Alohaboy?!
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 506



View Profile
March 21, 2018, 10:39:49 AM
 #36409

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!

Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent.

that's really rough but reminds me of the movie 300  Cheesy. Anyway I really share your point here. In the end it could really help the project since the distribution will be on a larger base after selling the stolen XEM ( since most of the stolen ones did belong to coinchecks itself) and the publicity is something which really could help longterm. I just hope the hacker dumps the rest and we can start rising again

The new Cryptocurrency book "The Magical World of Cryptocurrencies" is out now and available for free to everyone!
Make sure to contribute and give something back to the community.
Visit https://coined1.com or the bitcointalk.org thread https://bitcointalk.org/index.php?topic=5088332.0;topicseen
Arvydas77
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 504


https://www.liquid.com/?affiliate=steAarhm82233


View Profile WWW
March 21, 2018, 11:46:51 AM
 #36410

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!

Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent.


LOL the analogy sucks but I agre than NEM made it through the dark night
Many coins take years ... The exchange was great to refund the customers unlike some other shit exchanges which got hacked recently

Shows the difference between professionally run exchange like Coincheck and a shady job exchanges which are dime a dozen

The recent wave of FUD and media scare campaigns is good if it weeds out the weak cryptos, and a mega hack is nothing compared to a full frontal government assault like a outright ban. Crypto needs to survive that if it's going to survive long term, and out of +1500 coins I only see 3-4 that would.

Take XMR for example, all it would take to have it crumble into a pile of dust would be news that Ricardo Spagni was on his knees in a South African prison servicing other inmates after being arrested on trumped up charges if anonymous coins were ever banned, and remaining XMR dev team would vaporise into thin air. Same for Z-cash with Zooko Wilcox, if he gets called into the FBI for a chat, Z-cash goes in the toilet.

In a few years crypto will likely be a battleground, with key people getting arrested for SEC violations and people will do jail time for some ICO abuses. When that happens only the Spartan coins will survive, and even a 500mil hack will look like a smack on the bum, not a night outdoors for a newborn. It's coming guys, WAR

That is the point why legendary "Satoshi Nakamoto" is anonymous. I tend to agree with you that anonymous cryptocurrencies will be shutdown during next few years. It poses too much risk for political stability and the best way is to arrest developers.

Create account on Liquid and get verified. Place a first trade with a minimum value equivalent to USD100. Get QASH!
Please register here: https://www.liquid.com/?affiliate=steAarhm82233
pfrtlpfmpf
Sr. Member
****
Offline Offline

Activity: 406
Merit: 257


View Profile
March 21, 2018, 12:22:48 PM
Last edit: March 21, 2018, 01:00:20 PM by pfrtlpfmpf
 #36411

These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!

Point taken, but what an awful analogy! NEM is an inanimate object. It has its value but it's not alive. Leaving newborn babies exposed to the elements is plain cruel. Just makes me cringe as a parent.

that's really rough but reminds me of the movie 300  Cheesy. Anyway I really share your point here. In the end it could really help the project since the distribution will be on a larger base after selling the stolen XEM ( since most of the stolen ones did belong to coinchecks itself) and the publicity is something which really could help longterm. I just hope the hacker dumps the rest and we can start rising again

Seriously, i´m not for the hacker, he´s an asshole, but i believe there´s no such thing as bad publicity ! When Michael Jackson fumbled kids, what did we do ? We bought more of his LPs. It´s crazy. I know.


jelin1984
Legendary
*
Offline Offline

Activity: 2310
Merit: 1004



View Profile
March 21, 2018, 01:02:12 PM
 #36412

the hacker go the coin from 1$ to 0.30$  thats it nothing else Tongue Tongue Tongue Tongue Tongue Tongue
pfrtlpfmpf
Sr. Member
****
Offline Offline

Activity: 406
Merit: 257


View Profile
March 21, 2018, 01:27:46 PM
 #36413

the hacker go the coin from 1$ to 0.30$  thats it nothing else Tongue Tongue Tongue Tongue Tongue Tongue

thats just temoporally, whait and see  Smiley

Angel Di
Sr. Member
****
Offline Offline

Activity: 588
Merit: 251

EVOS


View Profile
March 21, 2018, 01:38:23 PM
 #36414

Very sadly of course to watch it. From outside it seems that in such a way at all there is no protection against hackers, probably for them there are no borders and there are no fences, so can happen to anyone. I hope everything will be adjusted and the trust of community will be regained to this project over time.
denetci
Sr. Member
****
Offline Offline

Activity: 490
Merit: 278



View Profile
March 21, 2018, 02:04:43 PM
 #36415

Jeff McDonald gives a talk on how the NEM blockchain can be used for Social Impact in Gangnam, Seoul
https://twitter.com/NEMofficial/status/976366252275806210?s=19

Gangnam is notorious in Seoul for being the area that is home to the richest people in Korea. It's like giving a talk in Beverley Hills.
suky321
Sr. Member
****
Offline Offline

Activity: 382
Merit: 256



View Profile
March 21, 2018, 02:05:50 PM
 #36416

Interesting open letter to banks:

https://hackernoon.com/an-open-letter-to-banks-about-bitcoin-and-cryptocurrencies-b0c7ef9b7c62
leoinker
Member
**
Offline Offline

Activity: 107
Merit: 24

Here to help however I can.


View Profile WWW
March 21, 2018, 02:30:57 PM
 #36417

Just wanted to update everyone here on the hackers funds. He has nearly drained the bulk of XEM. About ~20 mill remaining in the wallet he's draining now. + An additional 16mill that hasn't been moved. Maybe the 16mil is his retirement fund?  Grin
So he's almost out! That is a significant drop from the 130mil he had yesterday!

It sure seems like we would see some price movement upward once he's done flooding the market! Especially with NEM being exposed to so many new people, on Binance. I have been surprised how many traders hadn't even heard of NEM!

twitter: @leoinker | Find this post helpful? Merit it! Then donate some XEM: NDKYQJKJ5N5WTNNM5CXDJ3FNAACULZMN7DVARZH6 Smiley
wiser
Legendary
*
Offline Offline

Activity: 1750
Merit: 1025



View Profile
March 21, 2018, 03:25:22 PM
 #36418

Just wanted to update everyone here on the hackers funds. He has nearly drained the bulk of XEM. About ~20 mill remaining in the wallet he's draining now. + An additional 16mill that hasn't been moved. Maybe the 16mil is his retirement fund?  Grin
So he's almost out! That is a significant drop from the 130mil he had yesterday!

It sure seems like we would see some price movement upward once he's done flooding the market! Especially with NEM being exposed to so many new people, on Binance. I have been surprised how many traders hadn't even heard of NEM!

Thanks for the update. That is good to know.

I agree with what others have said about how coins whose goal is anonymity are going to be weeded out. They just won't work with KYC laws. The smart coins are recognizing this, coming to terms with it, and even embracing it, and that's a good thing. DMD Diamond recently made a statement to that effect. And DNotes, which is about to launch its version 2.0, is also fully embracing regulatory compliance. Being a holder of NEM, I'm very glad to see NEM taking that route too.

DNotes Trading Bot - Simple · Affordable · Effective
Automated Bot Trading for Everyone
KloNEM
Member
**
Offline Offline

Activity: 165
Merit: 11


View Profile
March 21, 2018, 04:20:37 PM
 #36419

Just wanted to update everyone here on the hackers funds. He has nearly drained the bulk of XEM. About ~20 mill remaining in the wallet he's draining now. + An additional 16mill that hasn't been moved. Maybe the 16mil is his retirement fund?  Grin
So he's almost out! That is a significant drop from the 130mil he had yesterday!

It sure seems like we would see some price movement upward once he's done flooding the market! Especially with NEM being exposed to so many new people, on Binance. I have been surprised how many traders hadn't even heard of NEM!

Leoinker, could you please show us these addresses of the "Coincheck ghost" ? I'd like to see dropping his funds at "on-line monitoring" Wink [and of course I'm curious, what will be the impact of price level, immediately after he'll be done with selling].

Anyway, many thanks for all your clean, exact and optimistic posts, sophisticated talks and argues with some trolls here as well. I highly appreciated it (and not just me, I'm pretty sure) ! So -- thanks, and please still post as much bright news as possible ;-)
leoinker
Member
**
Offline Offline

Activity: 107
Merit: 24

Here to help however I can.


View Profile WWW
March 21, 2018, 04:58:26 PM
Last edit: March 21, 2018, 06:26:56 PM by leoinker
Merited by wiser (2)
 #36420

Hacker Wallet addresses:

Main one being drained: NBEAUKXJLBJXXTPXN2OPIX3LZQWWZA56IQO2P5S3
One that's been static: NDABPHWFPH7KL5FADCW66V4GYLVXHKYQIPWL4G2B

edit/
The obvious implication that most assume is that at the of the end of dumping, we would see a price increase. Seasoned traders agree, and are planning for it.
The price point the hacker is dumping at is ~3300 sats. These same traders are buying in that range. - But I am sure many will dump somewhere along the line as price increases. However the effect short term traders have, should be like a drip in comparison to the hackers flood.

And thank you to whoever all has donated!  Smiley Smiley
/edit

2nd edit/
I feel like it's important to correct and clarify some things I shared in the past. Most importantly the issue of catapult release.
Mostly due to language barriers, I made a mistake in my assumptions. I've since been corrected by some within NEM foundation.

Lon Wong said catapult source will be released this quarter. However, he was meaning the mijin source - which DOES run on catapult code. Mijin is a private chain. It's primary use is for businesses to use an in-house chain that can communicate with the main NEM public chain.

Additionally, I was told that Lon may have meant by the end of the 4th month, which would be April. I guess we will find out soon enough!
This is still great news! It will make it much easier for businesses to use mijin and likely the main NEM chain as well. It should draw the attention of large enterprise seeking to improve their current in-house operations.

Mijin chain can reduce operational costs for many businesses by a significant degree. - No need to take backups, no need for extensive hardware, no need for elaborate security software, amongst so many things! Even things we might not consider right away - like a business no longer having a need for file-cabinets, thus saving on floor space, time spent finding paperwork, loss of documents, etc.

With all that said. Catapult implementation on the public chain is unlikely to occur before the 3rd quarter, which begins July 1st. However, don't bank on this exact date, as it will most likely require more time. At the same time, I wouldn't wait until then to plan an investment in NEM.

Even with the current state of NEM, we have great advantages over other smart-asset blockchains, including Ethereum. Many smart asset chains aren't even a functional product yet, and most don't expect to be this year.
/2nd edit



twitter: @leoinker | Find this post helpful? Merit it! Then donate some XEM: NDKYQJKJ5N5WTNNM5CXDJ3FNAACULZMN7DVARZH6 Smiley
Pages: « 1 ... 1771 1772 1773 1774 1775 1776 1777 1778 1779 1780 1781 1782 1783 1784 1785 1786 1787 1788 1789 1790 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 [1821] 1822 1823 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 ... 1945 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!