Quote from: cryptopaths on August 15, 2014, 06:59:12 PM

If I have learned anything in the world of crypto. It's just when you think nothing can get worse just when you think everythings at an all time low Mark Karpeles will walk his fat fucking ass into the room and spill a boiling hot frappucino all over your computer. Mark my words thinks are about to get worse.

Thanks, cryptopaths, way to cheer me up, mate Grin

Quote from: bitcool on August 15, 2014, 08:56:19 PM

Quote from: Este Nuno on August 15, 2014, 08:53:48 PM

Quote from: JR77 on August 15, 2014, 08:48:17 PM

Nxt pass-phrase security system is not working well ? Hacking really hurts.I think this incident will harm the reputation of the coin.

No, in this case it had nothing to do with NXT itself. BTER's security was lax.

Any detail on how it was stolen? The idea that an exchange can rollback a cryptocoin "blockchain" is very damaging to the confidence -- that's not something anyone should fiddle with.

I think some people are just seeing the word rollback and reacting to that, so to set the record straight a little:

About 6 hours after the hack, the NXT devs created a modified client that would allow a majority of NXT nodes/forgers to reset the transaction record for the BTER account.
This was never going to be a full rollback, but just a reset on the one account. Hopefully no others would be affected.
The modifed client was made available, much arguing ensued, and in the end a small minority of NXT forgers chose to run with the blockchain mod (no more than 5-10%, I guess).
The remaining 95% of the NXT community/nodes/forgers stayed with the 'real' blockchain, and allowed the theft to continue to exist, accepting all the consequences of that decision.

(BTW: The remaining 5% are mostly back on the official line, I'm seeing almost no-one with the modded client anymore.)

So here we are: 45 million NXT poorer but at least we're honest (mostly) Shocked

Anyone got some NXT for a cup of tea?

I'd also like to express my sympathies to BTER, and all the poor sods (including me) who had funds on there.
Lets carry on working on this, and with a bit of luck we should be able to recover some/all of the stolen NXT.

All NXT exchanges have been alerted to it, so its not really going anywhere.
Thats the joy of the blockchain.....you can see exactly where your stolen stuff is. Try that with dollars......

Anyway, my last words:

There is no rollback.......