Quote from: kokojie on August 15, 2014, 04:13:23 pm

Quote from: Riverhead on August 15, 2014, 04:09:49 pm

Hard to say. I think all the threats and pleas are for not. I would be really surprised if the hacker is even reading the thread anymore. 44M NXT and 100BTC in the hackers pocket. There is no incentive to negotiate anymore. IMHO the "negotiation" was just the hacker bilking them out of more money with false hope.

Yeah, I can't believe BTER is so naive and sent 110 BTC without any guarantee.

On the other hand, looks like a rollback is easier than I thought. I originally thought a lot of transactions will be affected. But that's not true, it looks like NxT developer will be able to simply target the hacker's address and rollback will only happen to the hacker's address. No one else will be affected by the rollback. So BTER basically just lost 110 BTC for nothing.

So my take away from that is the blockchain is only as secure as your faith in the developer? Holy crap. I suppose the forgers will have to mine the new chain so it is decentralized I guess.

The one thing I'd like to know is why did BTER keep 50m NxT in a hot wallet? surely NxT can be kept in a cold wallet? is this something special about NxT? or is BTER keeping everything they have in a hot wallet?

Quote from: kokojie on August 15, 2014, 01:35:11 pm

This is good news, may trigger a NxT sell off, and BTSX will take the #1 market cap spot for p2p asset market.

Though I wonder what is our policy if something like this happens? ie. if 1 billion BTSX stolen from bter, do we rollback or not rollback?

NO ROLLBACKS!


1) Even in this instance the flaw was not with NXT
2) From the of theft to the time of rollback there will be thousands of transactions that'll either have to be applied to the fork or lost.


It would be a nightmare.

1).when updating the "Priority Fee(BTSX)" lower than 0.1 BTSX then it doesn't make succesfull transfers and an error message appears after the transfer attempt about "insuficent priority fee"!
2).When updating the "Priority Fee(BTSX)" to higher values compared with 0.1 BTSX the transfer works BUT on confirmation window that appear it stills informs FALSE that the priority fee would be 0.1 BTSX instead the real value!

3). I think it is a little bit dangerous to let the user free to set whatever fee they want on the same page with the "log out time" preference. Assume they type on the "priority fee" something like 9999999 because they thought he typed on the "log out timeout" field.... And after that he makes a transaction where the confirmation window mention the wrong 0.1 BTSX fee....    (what a disaster!)

It is up to the market users can set the fee in their client and delegates can set the fee in their client anyone who sets a fee that's too low and just have a pending transaction forever users can then voting delegates that approve at reasonable fee.


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I think that stellar will kill ripple very shortly.. Distribution will be much better, non profit, donations, Jed can simply exchange all his remaining xrp for stellars by donating the xrps. Brilliant !!