Author Topic: Neither Dice nor Lottery are producing results  (Read 7142 times)

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Offline jsidhu

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Re: Neither Dice nor Lottery are producing results
« Reply #31 on: October 08, 2014, 05:54:10 pm »
When freetrade signed on to do this project many on bitcointalk brought up his history with memory coin I believe it was. I went through the thread some time ago and I remeber thinking to myself it seemed a little shady but not nearly enough evidence to stand on its on. How ever when you put that and now this into play we have a dev who just at best case circumstances was "at the wrong place at the wrong time" so to speak.  My biggest concern now is:

1."30% will be targeted at the public addresses of individuals who can be helpful to LottoShares DAC (devs, exchanges, service providers, marketeers etc - email [email protected] to make a pitch, full list to be provided at launch)" https://bitsharestalk.org/index.php?topic=4691.0 
"10% will be proportionally distributed to MemoryCoin (MMC) holders (Block #39,983)" a project he worked as a dev before, please read the thread and notice their mature date is the first on the list and much before ags/pts would have had access to their funds.
2. private keys were used to claim lts holdings and it is not far fetched to think that freetrade my now have anyone's private keys who claimed ags/pts. pts not being much of a problem becasue funds can be moved but ags.......
3.Future projects he is working on. While the above is circumstantial when you put it all together it looks, not favorable.

I for one do not want to see the above dev working on any I3 projects until the nature of this flaw is explored by someone who understands code and a little explaining is done on the devs part as to how much lts he claimed and sold before "announcing" a fatal blow to lts.

*Please note I have not used the words fraud or scammer I am merely saying hey lets take a closer look at this because its odd and if indeed he is up to something we should obviously not have him working on future projects. This also highlights the immediate need to have a system other then submitting of private keys.
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Offline mf-tzo

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Re: Neither Dice nor Lottery are producing results
« Reply #32 on: October 08, 2014, 06:15:11 pm »
Suddenly I feel very reassured that I haven't used my AGS to claim any LTS...

We need something to securely claim shares from AGS at some point.

I haven't even claimed BTSX,DNS from AGS yet since I don't feel comfortable with the current clients, plus I am here for the looooonnnnggggg run even if I am missing a lot of trading opportunities...

Offline Riverhead

Re: Neither Dice nor Lottery are producing results
« Reply #33 on: October 08, 2014, 06:30:40 pm »
I have read I3 is working on a tool to safely claim shares in new dacs

Offline mf-tzo

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Re: Neither Dice nor Lottery are producing results
« Reply #34 on: October 08, 2014, 06:42:53 pm »
I have read that too.

I hope until then nothing really bad happens and everything crashes because then I will have spent 1 year of my life for nothing and be left keeping the bag as usual...

Offline Gentso1

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Re: Neither Dice nor Lottery are producing results
« Reply #35 on: October 08, 2014, 06:52:51 pm »
I have read that too.

I hope until then nothing really bad happens and everything crashes because then I will have spent 1 year of my life for nothing and be left keeping the bag as usual...

I have also read it and it was briefly mentioned when lts was launched. However when keyid was launched to claim ags we had to import private keys again. 

Offline bitmeat

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Re: Neither Dice nor Lottery are producing results
« Reply #36 on: October 08, 2014, 07:05:15 pm »
Guys, "tool" just means whenever someone releases a DAC to check for signed message instead of asking for private key when importing. That's it! Possibly even a one line change in the code. I am really shocked DNS didn't implement that. Should be extremely easy to do.

Offline Riverhead

Re: Neither Dice nor Lottery are producing results
« Reply #37 on: October 08, 2014, 07:24:56 pm »
Guys, "tool" just means whenever someone releases a DAC to check for signed message instead of asking for private key when importing. That's it! Possibly even a one line change in the code. I am really shocked DNS didn't implement that. Should be extremely easy to do.
Interesting. Wonder if cob will do this. If not we can ask for it in the wallet [ANN] thread. In the meantime may be best for pts holders to transfer holdings to a new address before Oct 10th. That will prevent any past leaks from claiming your Notes.

Offline mf-tzo

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Re: Neither Dice nor Lottery are producing results
« Reply #38 on: October 08, 2014, 07:38:10 pm »
Interesting...so that might be the reason why DNS keeps falling...Some people have realized that and sell them maybe?

I think we should discuss this in the relevant thread...

Offline Riverhead

Re: Neither Dice nor Lottery are producing results
« Reply #39 on: October 08, 2014, 07:44:51 pm »
DNS is falling because there's no product yet :-). Toast is trusted and is using the Bitshares toolkit. Signed blocks vs import private key is still doable before a product is released.

Offline toast

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Re: Neither Dice nor Lottery are producing results
« Reply #40 on: October 08, 2014, 07:47:25 pm »
None of the devs have built such a tool yet because we trust ourselves. It is simple to implement in the toolkit right now but then you either have to strip it down until it's small enough to audit (the hard part) or you'd just be trusting us anyway.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline callmeluc

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Re: Neither Dice nor Lottery are producing results
« Reply #41 on: October 08, 2014, 08:01:26 pm »
Update:

I've been trying to resolve two problems with LottoShares but have not managed to do so.

The first is a forking problem when the checkpointing server is running. The checkpointing server allows draws to take place but causes forks to take place when checkpoints aren't accepted by some clients.

The second is decentralizing the draw/random number generation. Using the block hash and a private key to generate unpredictable randomness is centralized and ultimately unsatisfactory. I think the second problem may only be resolvable in the context of a (bitshares style) delegate model.

Unfortunately I've been unable to resolve these problems in LTS despite a huge amount of effort. I have now decided to redirect my efforts to other projects.

Thanks to everybody who took part and I'm sorry it didn't turn out as well as we had all hoped.

Why give it up so easy? Did you realize that it's a destruction to the reputation of I3 and yourself? Because of the connection between you, PTS, I3 and this community, and your "generosity" to AGS/PTS, lots of people thought it's a I3 product.

Or maybe we can just call it mmc 3.0
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Offline Riverhead

Re: Neither Dice nor Lottery are producing results
« Reply #42 on: October 08, 2014, 08:16:39 pm »
It is simple to implement in the toolkit right now but then you either have to strip it down until it's small enough to audit (the hard part) or you'd just be trusting us anyway.


Seems like a good use of dev funds for a 3rd party DAC to strip down and have audited such an import mechanism. Their DAC would then be more appealing to the PTS/AGS crowd.

Offline Gentso1

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Re: Neither Dice nor Lottery are producing results
« Reply #43 on: October 08, 2014, 08:28:27 pm »
Guys, "tool" just means whenever someone releases a DAC to check for signed message instead of asking for private key when importing. That's it! Possibly even a one line change in the code. I am really shocked DNS didn't implement that. Should be extremely easy to do.
Interesting. Wonder if cob will do this. If not we can ask for it in the wallet [ANN] thread. In the meantime may be best for pts holders to transfer holdings to a new address before Oct 10th. That will prevent any past leaks from claiming your Notes.

Nothing can be done about ags holders though correct?
None of the devs have built such a tool yet because we trust ourselves. It is simple to implement in the toolkit right now but then you either have to strip it down until it's small enough to audit (the hard part) or you'd just be trusting us anyway.
Can you comment if it would be possible for LTS or any DAC to use ags private keys to claim future distributions?
How hard would it be for a dev to take a look at LTS code to confirm or deny the above flaw, not fix just confirm to see if it was intentional or truly bad timing?

Offline Riverhead

Re: Neither Dice nor Lottery are producing results
« Reply #44 on: October 08, 2014, 09:28:57 pm »
It would be tough because a likely code hack like that would be in the binaries and not checked into GitHub (reason md5 is so important).

Also I can't comment on how ags is stored but since claiming requires a private key i3 doesn't have I doubt anything can be done. Only future snapshots would benefit and since ags snapshot is long in the books....