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Author Topic: October 2014 - another NXT hack, forged coins are being accepted now  (Read 2385 times)
TaunSew (OP)
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October 02, 2014, 08:35:03 PM
Last edit: October 02, 2014, 08:48:33 PM by TaunSew
 #1

http://charts.nxtcrypto.org/cDistributionTopAccount.aspx

Total supply of NXT was 999,997,096 and now it's 1,003,000,000+

Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system.   NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
mr_random
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October 02, 2014, 08:44:05 PM
 #2

http://charts.nxtcrypto.org/cDistributionTopAccount.aspx

Total supply of NXT was 999,997,096 and now it's 1.003 billion

Somebody found a way to create more NXT (600,000 NXT) and have it accepted by the system.   NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.



Sure you don't mean 6,000 not 600,000?

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TaunSew (OP)
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October 02, 2014, 08:45:56 PM
 #3

http://charts.nxtcrypto.org/cDistributionTopAccount.aspx

Total supply of NXT was 999,997,096 and now it's 1.003 billion

Somebody found a way to create more NXT (600,000 NXT) and have it accepted by the system.   NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.



Sure you don't mean 6,000 not 600,000?

No it's at least 600,000.  It could be as much as 4 million NXT based on what the total supply was for months (if this hacking went unnoticed for months)

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
Viper1
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October 02, 2014, 08:50:48 PM
 #4

I'm confused since the difference is > 3M.  Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000.  Or do you have any actual information that there is some hack?

BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV
DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
TaunSew (OP)
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October 02, 2014, 08:53:45 PM
 #5

I'm confused since the difference is > 3M.  Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000.  Or do you have any actual information that there is some hack?

You do know that NXT was never supposed to go past 1 billion coins, right?  There's more than 1 billion now.

Someone is creating forged coins that is being accepted and they are cashing them out.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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October 02, 2014, 08:56:24 PM
 #6

I'm confused since the difference is > 3M.  Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000.  Or do you have any actual information that there is some hack?

You do know that NXT was never supposed to go past 1 billion coins, right?  There's more than 1 billion now.

Someone is creating forged coins that is being accepted and they are cashing them out.

Or the graph on that site is bugged.

I wonder...

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Viper1
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October 02, 2014, 09:13:35 PM
 #7

I'm confused since the difference is > 3M.  Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000.  Or do you have any actual information that there is some hack?

You do know that NXT was never supposed to go past 1 billion coins, right?  There's more than 1 billion now.

Someone is creating forged coins that is being accepted and they are cashing them out.

No, I wasn't aware of that.  Forging just pays the forgers the transaction fees right?  So it's not like staking where there would be a slow increase in the total amount of coins?

BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV
DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
TaunSew (OP)
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October 02, 2014, 09:18:43 PM
 #8

I'm confused since the difference is > 3M.  Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000.  Or do you have any actual information that there is some hack?

You do know that NXT was never supposed to go past 1 billion coins, right?  There's more than 1 billion now.

Someone is creating forged coins that is being accepted and they are cashing them out.

No, I wasn't aware of that.  Forging just pays the forgers the transaction fees right?  So it's not like staking where there would be a slow increase in the total amount of coins?

Staking in NXT is based on all the accumulated transaction fees, there is no inflation to the total supply.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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October 03, 2014, 11:09:25 AM
 #9

http://charts.nxtcrypto.org/cDistributionTopAccount.aspx

Total supply of NXT was 999,997,096 and now it's 1,003,000,000+

Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system.   NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.




Mad news! How could this happen? Huh
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October 03, 2014, 12:16:04 PM
 #10

Never a boring day in the cryptoworld
EvilDave
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October 03, 2014, 12:31:04 PM
 #11

Wierd...think it's a lot more likely to be a glitch in the sites reporting than a hack to create new NXT though.
But TS is completely right, there sould never be more that 999,997,096 NXT, since one billion where created at Genesis, then a few NXT were lost in an accident.

Needs to be checked out, anyhow...... heres NXTReporting for overall NXT stats:
http://nxtreporting.com/stats.php

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October 03, 2014, 03:24:09 PM
 #12

Either explanation should be resolved.. web site code bug or coin code issue etc

FUD first & ask questions later™
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October 03, 2014, 04:24:58 PM
 #13

Its a buggy calculation. The owners are already aware.

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October 03, 2014, 04:30:11 PM
 #14

funny, before having a look in the blockchain, where the truth is, you open a thread based on what you see on 1 external website.

Threads like this one are the reason why we should never put so much trust in one place.
devphp
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October 03, 2014, 04:34:57 PM
 #15

funny, before having a look in the blockchain, where the truth is, you open a thread based on what you see on 1 external website.

Threads like this one are the reason why we should never put so much trust in one place.

No press is bad press, thank you TaunSew Smiley
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October 03, 2014, 04:36:27 PM
 #16

Maybe I am out of the new laws of this subforum by saying this but....let's go:


TaunSew, you are retarded.
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October 03, 2014, 05:15:05 PM
 #17

http://charts.nxtcrypto.org/cDistributionTopAccount.aspx

Total supply of NXT was 999,997,096 and now it's 1,003,000,000+

Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system.   NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.



I believe that is a bug occur on the site calculation.

Please check your distribution here https://nxtblocks.info/#section/blockexplorer_distribution

sweet & happy cryptocurrency , cheers Smiley
NXT : NXT-HSBE-8PWL-CUCD-BHUD6
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PL_CoinTrader
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October 03, 2014, 05:28:13 PM
 #18

Taunsew, you are so embarrassing. Cheesy

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October 03, 2014, 06:30:02 PM
 #19

If true, it must suck to be holding NXT. I never seemed to trust the whole system especially how they were distributed at the "IPO".

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October 03, 2014, 06:44:38 PM
 #20

If true, it must suck to be holding NXT. I never seemed to trust the whole system especially how they were distributed at the "IPO".

I don't think even Terrorist group ISIS wants to use some IPO coin for their terrorist attack "crowd-funding"

and i am, sure it does suck to be holding NXT ..glad i'm not  Cool
i'm smart though i don't invest in gay coins.. i won't be caught naked jacking it in San Diego !

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