cyberhacker
Legendary
Offline
Activity: 1330
Merit: 1000
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July 15, 2014, 12:36:53 AM |
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The problem is the man making double spend attack owns more than 51% STAKING COINs.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX 2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
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roykovsky
Newbie
Offline
Activity: 42
Merit: 0
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July 15, 2014, 12:37:34 AM |
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It's not about 970k NAV, it's about the COIN BEING VULNERABLE TO ATTACKS.
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GREEDYJOHN
Legendary
Offline
Activity: 1778
Merit: 1000
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July 15, 2014, 12:38:05 AM |
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937620 coins at the current rate of 1000 sats = 9.376 Bitcoins. Bittrex is such a big exchange with thousands of bitcoins worth being traded daily. Why the fak are they crying about such a small amount of BTC and did not solve it internally with the developers Didn't even need to bring this to public and make such a huge fuss. Shit happens sometimes and what is the name of such a big exchange worth if they can't handle such a meagre issue quietly F****n beggars BECAUSE THEY THINK THE DEV's STOLE THE COINS, PRETTY OBVIOUS! hey devs i think its time for you guys to step up and show the community what you've been working on, so far it looks like you hyped some non-existent ANON features and used the hype to create volume to cash out on your double spend attack AND NOW AT 400 satoshi its only 4btc, devs wont pay this to not keep us on bittrex, WHAT A JOKE! YOU HEARD THE DEV, GIVE HIM SOME TIME! WHOEVER PULLED THE HEIST, ALLEGEDLY WORTH OVER 9 BTC, IS CURRENTLY CASHING IN ON THE FUD, HE COULD HAVE MILLIONS OF NAV IF WE DO NOT PUT AN END TO THE FUD
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iaminitnow06
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July 15, 2014, 12:38:17 AM |
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BECAUSE THEY THINK THE DEV's STOLE THE COINS, PRETTY OBVIOUS!
hey devs i think its time for you guys to step up and show the community what you've been working on, so far it looks like you hyped some non-existent ANON features and used the hype to create volume to cash out on your double spend attack
AND NOW AT 400 satoshi its only 4btc, devs wont pay this to not keep us on bittrex, WHAT A JOKE!
Yeah, SOD OFF!!
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soopy452000
Legendary
Offline
Activity: 1302
Merit: 1001
Founder - NavCoin Ⓝ
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July 15, 2014, 12:38:34 AM |
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The problem is the man making double spend attack owns more than 51% STAKING COINs.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX 2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
The Attacker has already dumped that 900k so actually no has those coins mate so in reality Bittrex is short of 900k worth of Bitcoins to say wisely. Yes we can replace that amount using a Hardfork. ~SoopY~
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soopy452000
Legendary
Offline
Activity: 1302
Merit: 1001
Founder - NavCoin Ⓝ
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July 15, 2014, 12:39:42 AM |
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Dumpers can dump , buyers will buy , but the Developer or the Foundation will never back down from the coin that's my word.
~SoopY~
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rhkazani1
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July 15, 2014, 12:41:01 AM |
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Dumpers can dump , buyers will buy , but the Developer or the Foundation will never back down from the coin that's my word.
~SoopY~
+1 I am with ya, I am not selling any.
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robdark
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July 15, 2014, 12:41:56 AM |
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why the F people using big assed coloured text man jeez. And yeh for all we know dev is in on this, the dude does have a point. Seems pretty shady all the build up to this and then boom this happens. Not saying it's true but anyone's gonna ask questions.
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iaminitnow06
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July 15, 2014, 12:42:17 AM |
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The Attacker has already dumped that 900k so actually no has those coins mate so in reality Bittrex is short of 900k worth of NAVAJO to say wisely.
Yes we can replace that amount using a Hardfork.
~SoopY~
You want to edit that soopy
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cyberhacker
Legendary
Offline
Activity: 1330
Merit: 1000
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July 15, 2014, 12:43:59 AM |
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The problem is the man making double spend attack owns more than 51% STAKING COINs.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX 2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
The Attacker has already dumped that 900k so actually no has those coins mate so in reality Bittrex is short of 900k worth of Bitcoins to say wisely. Yes we can replace that amount using a Hardfork. ~SoopY~ yes bittrex is short of btc, cuz, attacker withdraw btc. but the bittrex owe figure to NAVAJO buyers. if you replace amount ursing hardfork. you have to add 900 more on the initial amount. such as 50million+900k. that means value dilution. if ppl don't like this way. someone have to donate 900k. either foundation or all supporters. but still the attacker owns a large amount of NAVAJO to initiate second attack. but that is another story, dev may can prevent that from happening again. i am trying to help figuring out. but some one is so stupid to fight with me. Plus. something you are wrong! the attacker still owns NAVAJO. the attack is not real coins. another chain to successful confirmations and get ledger figure on bittrex. then dump the figure (not real coins)---then withdraw BTC. HE STILL OWNS HIS COINS
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kotwica666
Legendary
Offline
Activity: 2282
Merit: 1035
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July 15, 2014, 12:44:26 AM |
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The problem is the man making double spend attack owns more than 51% STAKING COINs.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX 2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
The Attacker has already dumped that 900k so actually no has those coins mate so in reality Bittrex is short of 900k worth of Bitcoins to say wisely. Yes we can replace that amount using a Hardfork. ~SoopY~ What if attacker hold 900k Nav more?
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m3
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July 15, 2014, 12:44:51 AM |
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This coin sucks. The dev scammed and is part of the 900k double spend attack. Sell now before he decided to cash out more. Nav is a scamcoin
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| THEMERKLE | ... |
| ●.BTC.●.LTC ● XMR.● DASH .● DOGE.● ETH
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iaminitnow06
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July 15, 2014, 12:45:00 AM |
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It's not about 970k NAV, it's about the COIN BEING VULNERABLE TO ATTACKS.
THE COIN WILL NOT BE VULNERABLE TO ATTACKS IF MORE PEOPLE STAKE IN WALLET, simple these are growing pains and if devs are legit they will show how much progress there making in Anon features and will restore faith in coin, and if they did the double spend attack they will try to re-assure us with vauge updates until the buying volume evaporates and the coin dies Its all in the devs hands now, nothing more we can do.... SAD DAY IN CRYPTO What meds are you on Sad day in crypto. BLA BLA BLA!!! It's only facking 9BTC. What the hell are you talking about idiot
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iaminitnow06
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July 15, 2014, 12:47:31 AM |
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TRADING ON BITTREX IS UP AND HEALTHY
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robdark
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July 15, 2014, 12:48:24 AM |
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The problem is the man making double spend attack owns more than 51% STAKING COINs.
he withdraw some BTC (value of 900k NAVAJO), and the ledger on bittrex is short of that amoutn NAVAJO. buyers on bittrex bought figure from the dumper.
so. two ways:
1. someone donate that amount to BITTREX 2. Hardfork with increased amount.
either way to cover the amount of 900k
but the attacker still hold a large amount of NAVAJO. no way to invalidate his holdings.
the problem is most of us putted NAVAJO on exchanges rather than in wallet to stake.
The Attacker has already dumped that 900k so actually no has those coins mate so in reality Bittrex is short of 900k worth of Bitcoins to say wisely. Yes we can replace that amount using a Hardfork. ~SoopY~ yes bittrex is short of btc, cuz, attacker withdraw btc. but the bittrex owe figure to NAVAJO buyers. if you replace amount ursing hardfork. you have to add 900 more on the initial amount. such as 50million+900k. that means value dilution. if ppl don't like this way. someone have to donate 900k. either foundation or all supporters. but still the attacker owns a large amount of NAVAJO to initiate second attack. but that is another story, dev may can prevent that from happening again. i am trying to help figuring out. but some one is so stupid to fight with me. Plus. something you are wrong! the attacker still owns NAVAJO. the attack is not real coins. another chain to successful confirmations and get ledger figure on bittrex. then dump the figure (not real coins)---then withdraw BTC. HE STILL OWNS HIS COINS About the dilution, exactly dude, dev wants nav holders to pay for the loss by printing more, as if nav holders didn't lose enough already. goddamn.
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iaminitnow06
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July 15, 2014, 12:49:18 AM |
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This coin sucks. The dev scammed and is part of the 900k double spend attack. Sell now before he decided to cash out more. Nav is a scamcoin
Thank you, soothsayer. Now please f**k off
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iaminitnow06
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July 15, 2014, 12:50:10 AM |
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TRADING ON BITTREX IS UP AND HEALTHY
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GREEDYJOHN
Legendary
Offline
Activity: 1778
Merit: 1000
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July 15, 2014, 12:50:16 AM |
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This coin is LEGIT, this is why it was attacked. The WHALES WANT YOU TO DUMP AT 400 SAT, THEN BUY BACK AGAIN AT 10,000 SAT.
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MaxOnBit
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July 15, 2014, 12:50:52 AM |
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This is the end of Navajo I think. It never will grow up to 0.00002 again
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crushwilliam
Newbie
Offline
Activity: 13
Merit: 0
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July 15, 2014, 12:51:14 AM |
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old stories happend to C2, VRC and now NAVAJO
C2 was attacked because there was a bug in its code base, not because PoS itself. PoS has been proven to be very difficult to attack in a brute-force way. So there is also a security hole in NAVAJO?
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