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Stellar account with more than one million stellars
- natch 12y agoWhat does this mean? Anyone care to explain?
- ghshephard 12y agoRight now, stellars are being handed out at 5K, if you are willing to give them a facebook login. This person is acquiring 100K/stellars an hour, which equals 20 facebook logins/hour.
- curiousAl 12y agoWhy would this be hard to spoof? What's required here? Multiple Facebook accounts and a quick script?
- glimcat 12y agoLet's just say, it's a fairly trivial exercise if you have access to a botnet.
- adamnemecek 12y agoIt seems like you have to had the account for a while. But yeah, far from perfect protection regardless.
- glimcat 12y agoPeople 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.
- adamnemecek 12y agoYeah, I'm well aware of that. I was answering the 'what's required' part.
- ckdarby 12y agoIt means someone is making a ton of money =D
- EarthLaunch 12y agoNow we might see whether it's centralized.
- wlv 12y agoThey locked his forum thread temporarily and then decided against it. I wonder if they froze his account too.
- lmartel 12y agoWell, proof that someone has a lot of stellars. He could be gaming the Facebook promotion, or buying them, or stealing them, or _____
- SandroG 12y agoYou can only associate one Facebook profile to a Stellar account.
- iLoch 12y agoSo if you have 20 Facebook accounts and it takes you 3 minutes per account, that's 100K Stellar/hr.
- ghshephard 12y agoThey can't be new facebook accounts, need to have been around for a while.
- jonknee 12y agoWhat do you think botnets are for?
- dlubarov 12y agoThere are plenty of people in the black hat community with aged Facebook accounts that they're willing to sell.
- joeyspn 12y agoAnd also there's the "click farms" where they have millions of fake profiles for selling likes and build followers. Facebook estimates that between 5.5% and 11.2% of profiles are fake [0]. With 1.32 Billion user base that means that up to 134 Million user profiles are fake. Someone is going to earn A LOT of stellars soon. Talk about fair distribution... this has been a dumb move by the stellar team. Ethereum guys have been smarter in this one.. [0] http://thenextweb.com/facebook/2014/02/03/facebook-estimates-5-5-11-2-accounts-fake/ http://thenextweb.com/facebook/2014/02/03/facebook-estimates...
- redschell 12y agoWow, I saw his post earlier on the Stellar subreddit and thought he was full of it, but would you look at that. Here's the post: http://www.reddit.com/r/thestellar/comments/2cebkm/selling_100000_stellars/ http://www.reddit.com/r/thestellar/comments/2cebkm/selling_1... Some people have been offering web consulting services in exchange for stellars, but no details yet on how this guy built his wealth.
- ghshephard 12y agoNote, this particular user is willing to sell 100K stellars for $200. Fun times watching a market being made in the early days.... https://forum.stellar.org/t/selling-100-000-stellars/716 https://forum.stellar.org/t/selling-100-000-stellars/716
- Brajeshwar 12y agoUpdate: Done. No Worries. If you have no friends and need to complete the steps; willing to help by sending you back the stellars. I'll send you stellar, you send me stellar. Let's complete their final step. Stellar username "oinam".
- ztnewman 12y agoWhat is stellar and how is this proof of anything?
- myhf 12y agoA new cryptocurrency backed by Stripe. Yesterday's discussion thread: https://news.ycombinator.com/item?id=8114901 https://news.ycombinator.com/item?id=8114901
- MiWDesktopHack 12y agoThis is a new 100% premined cryptocurrency from the makers of ripple. Stripe has invested in this technology; so it already has some fiat backing behind the haul. Whomever this is, and they are likely associated with the project as have an associated email, is gathering funds from the projects premined wallets for distribution. Like ripple, they are handing these out to people interested in the technology. I received part of the initial distribution of ripple by posting on the bitcoin forums. I encourage you to make an account, nothing to lose here; the initial distribution of the currency helps with its decentralization. Paypal used to pay people to make new accounts too!
- gdb 12y agoThe person here is not affiliated with the project. (That @stellar.org is their federated payment address, which is assigned to anyone who signs up for an account.) We've talked with the user, and it sounds like this is not in fact a code bug. We've invited him to post more details in this thread, so hopefully you'll hear more soon.
- dang 12y agoCan 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"
- ghshephard 12y agoStellar Market Activity: user with more than 1million stellars
- dang 12y agoThanks. That seems both accurate and neutral, so we'll take your suggestion.
- deleted 12y ago[deleted]
- SandroG 12y agoI'm in touch with Stellar developers, and they confirmed that this individual is indeed gaming the system.
- dang 12y agoThat 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.
- SandroG 12y agoHere is the exchange: https://www.dropbox.com/s/enh05r5xj85i2b7/Photo%20Aug%2002%2C%2012%2043%2018%20AM.png https://www.dropbox.com/s/enh05r5xj85i2b7/Photo%20Aug%2002%2...
- 12y ago
- jtokoph 12y agoEDIT: 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
- gdb 12y agoNo, that doesn't actually work (just double checked to make sure). Would be a clever hole though :).
- jtokoph 12y agoYou're right, I should have tried it first but didn't want to actually game the system.
- manojlds 12y agoAs soon as I signed up, I was thinking of this hole. So why doesn't it work? Is it that you are not permitted to transfer back the money?
- gdb 12y agoNah, just that the stellarfoundation bot checks that you're Facebook-authed before sending over your 1,000 stellar bonus.
- everettForth 12y agoHi 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 https://stripe.com/blog/bitcoin-the-stripe-perspective
- wlv 12y agoSandroG 1 hour ago I'm in touch with Stellar developers, and they confirmed that this individual is indeed gaming the system. Response? Sounds like defamation.
- everettForth 12y agoI almost didn't even want to comment on this, but it really isn't a big deal. It looks like a screenshot taken out of context of someone who sent a private message asking someone to look at my account.
- dav- 12y agoIf anyone wants to complete the last step, if you send me the 1000 Stellars, I'll send 900 back. Username is Davv. The first person to do it will get 1000 back (since I need to do it too)
- deleted 12y ago[deleted]
- dav- 12y agoDone. Sorry, was AFK. http://i.imgur.com/dHqqlkV.png http://i.imgur.com/dHqqlkV.png
- gojomo 12y agoI could have missed it, but didn't notice a disclosure on Stellar sign-up that usernames and balances would be discoverable this way.
- alex1 12y agoWhy did Stellar decide on using Facebook accounts to enforce the one account per person rule, instead of something better like mobile numbers? There are more people with cell phones than there are with Facebook accounts. Acquiring large batches of phone numbers to game the system is harder since it costs money and is more easily detectable. Even if this guy isn't gaming the system with fake Facebook accounts, I'm sure others already are.
- everettForth 12y agoFacebook has nothing to do with this. If everyone on Earth were given 5000 Stellars right now, how many people do you think would be willing to sell all of their Stellars for a beer? It's basic economics.
- spyder 12y agoIndirectly they are requiring mobile numbers because they require a verified Facebook account which means giving your phone number to Facebook for verification (at least for me, could be different for other countries).
- deleted 12y ago[deleted]
- SandroG 12y agoBased on all available documentation about Stellar, it is impossible to accrue so much Stellars so quickly, and so consistently, without somehow gaming the system. Anyone willing to prove me wrong?
- smoyer 12y agoStellar itself seems to be scamming people: "50% of the total will be distributed to people who sign up for an account." Once you sign up for an account, you find out that you only receive stellars if you log in with Facebook ... if you want to build trust, you should be more transparent. You also need some way of including users who don't have Facebook (and/or Google) accounts.
- gdb 12y agoYeah, the plan is definitely to expand beyond Facebook in the medium term. It was just the fastest (though an imperfect) way of getting started and getting stellars into the hands of as many people as possible, as quickly as possible. See also https://www.stellar.org/faq/#_Why_do_I_need_to_authenticate_with_Facebook_to_receive_my_stellars_ https://www.stellar.org/faq/#_Why_do_I_need_to_authenticate_....
- eaurouge 12y agoSo when do you plan on doing this? I signed up in the hopes of receiving a distribution only to find I needed an aged Facebook account to claim it.
- SandroG 12y agoEverettForth's response: [How I Accumulated 2-Million Stellar in Less Than 24 Hours] https://news.ycombinator.com/item?id=8126282 https://news.ycombinator.com/item?id=8126282 Everett's response is much appreciated. If I remember correctly, he asked mTurkers to create a Stellar account _without_ an identifiable account name so the transaction couldn't be easily backtracked. Also, he did not use his real name in mTurk and impersonated someone else. Not sure if his actions violated the ToS. It was right for Everett to have come forward and disclose his means. His suggestions to improve the system are excellent. It will improve the Stellar system for everyone involved. Nevertheless, I believe that he should donate his balance to a charity. It will be an honorable thing to do. Sandro