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Stellar account with more than one million stellars

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21–30 of 64 posts

Re: Stellar account with more than one million stellars

#21
post #18

Can anyone suggest an accurate, neutral title? This one is outrageously over the top. There's no "proof" of anything here. Submitters: gratuitous scandal-mongering is not ok on Hacker News. Edit: the submitted title was "Proof that someone is gaming Stellar. Growing balance at 100K / hour"

Stellar Market Activity: user with more than 1million stellars

Re: Stellar account with more than one million stellars

#22
post #18

Can anyone suggest an accurate, neutral title? This one is outrageously over the top. There's no "proof" of anything here. Submitters: gratuitous scandal-mongering is not ok on Hacker News. Edit: the submitted title was "Proof that someone is gaming Stellar. Growing balance at 100K / hour"

[deleted]

Re: Stellar account with more than one million stellars

#23
EDIT: This actually doesn't work, but I thought I was being clever.

For those mentioning needing Facebook accounts. It looks like you don't need a Facebook account to game the reward system.

Assume a person has a main account (user1) with at least 1050 STR.

1. Create a New Account (user2)

2. Transfer 1050 STR from user1 -> user2

3. Transfer 1000 STR from user2 -> user1

4. Stellarfoundation makes 1000 STR deposit into user2

5. Send newly acquired 1000 STR from user2 -> user1

Starting balance: 1050 STR

Ending balance: 2000 STR

Re: Stellar account with more than one million stellars

#24
post #23

EDIT: This actually doesn't work, but I thought I was being clever. For those mentioning needing Facebook accounts. It looks like you don't need a Facebook account to game the reward system. Assume a person has a main account (user1) with at least 1050 STR. 1. Create a New Account (user2) 2. Transfer 1050 STR from user1 -> user2 3. Transfer 1000 STR from user2 -> user1 4. Stellarfoundation makes 1000 STR deposit into…

No, that doesn't actually work (just double checked to make sure). Would be a clever hole though :).

Re: Stellar account with more than one million stellars

#25
Hi everyone,

I'm just excited about Stellar, and buying it early on. I'm also a software engineer, so if anyone has some cool ideas for things that could be built with a large stellar wallet, please let me know.

I'm especially interested in things Greg Brockman has been talking about lately, like this gateway, and making up his own currency: https://stripe.com/blog/bitcoin-the-stripe-perspective

Re: Stellar account with more than one million stellars

#26
post #18

Can anyone suggest an accurate, neutral title? This one is outrageously over the top. There's no "proof" of anything here. Submitters: gratuitous scandal-mongering is not ok on Hacker News. Edit: the submitted title was "Proof that someone is gaming Stellar. Growing balance at 100K / hour"

Stellar Market Activity: user with more than 1million stellars

Thanks. That seems both accurate and neutral, so we'll take your suggestion.

Re: Stellar account with more than one million stellars

#27
post #24
post #23

EDIT: This actually doesn't work, but I thought I was being clever. For those mentioning needing Facebook accounts. It looks like you don't need a Facebook account to game the reward system. Assume a person has a main account (user1) with at least 1050 STR. 1. Create a New Account (user2) 2. Transfer 1050 STR from user1 -> user2 3. Transfer 1000 STR from user2 -> user1 4. Stellarfoundation makes 1000 STR deposit into…

No, that doesn't actually work (just double checked to make sure). Would be a clever hole though :).

You're right, I should have tried it first but didn't want to actually game the system.

Re: Stellar account with more than one million stellars

#28
post #18

Can anyone suggest an accurate, neutral title? This one is outrageously over the top. There's no "proof" of anything here. Submitters: gratuitous scandal-mongering is not ok on Hacker News. Edit: the submitted title was "Proof that someone is gaming Stellar. Growing balance at 100K / hour"

I'm in touch with Stellar developers, and they confirmed that this individual is indeed gaming the system.

Re: Stellar account with more than one million stellars

#29

Earlier quoted context omitted.

Why would this be hard to spoof? What's required here? Multiple Facebook accounts and a quick script?

It seems like you have to had the account for a while. But yeah, far from perfect protection regardless.

People with networks of fake accounts routinely set them up in advance & run simulated activity.

This is normally used for e.g. selling fake likes. It's taken as a given that you will have regular churn as accounts are detected, occasionally high spikes of turnover as fraud detection and safeguards change, that kind of stuff. Often the action of converting network behavior into currency activity is what burns accounts.

Given an alternative way of rapidly converting part of that network into a compelling quantity of USD, and the fact that you're routinely rotating accounts anyway...offering to pay money or money-equivalents for Facebook connections in an automated fashion is pretty much screaming for fraudsters to call in the biggest airstrike they can before you come to your senses.

Re: Stellar account with more than one million stellars

#30
post #28
post #18

Can anyone suggest an accurate, neutral title? This one is outrageously over the top. There's no "proof" of anything here. Submitters: gratuitous scandal-mongering is not ok on Hacker News. Edit: the submitted title was "Proof that someone is gaming Stellar. Growing balance at 100K / hour"

I'm in touch with Stellar developers, and they confirmed that this individual is indeed gaming the system.

That is the definition of hearsay.

If you have evidence, post it and give it an accurate and neutral title. Until you do, the claim is groundless, and groundlessly accusing people is not ok. Ragebait titles aren't ok either.

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