Yeah, the interface itself (colors, borders, etc) is still in a very early stage. I've done a good amount, but my design/color skills are limited (I don't really consider myself a web dev). This will be a good start, and hopefully some talented web devs can jump on and pitch in.

The main goal is to to make it very, very simple to use. You can literally get started with the wallet and be running in 5 to 10 seconds. Past that, you just need to know about the general concepts (assets, buying and selling on a market, etc). Also, the data gathering functionality (forms, etc) has extensive validation built in that gives simple messages back so that users aren't getting obscure errors and wondering if they did an action correctly or not.

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

This unfortunately looks like Poloniex got hacked.

http://blockscan.com/address.aspx?q=19rVQ91AgrYmbpX6Sjxw6qCoP2Q1YFcn5b

This address received 35k from Poloniex and immediately redeposited it. Poloniex at the time had a balance of roughly 50k, so unless a big whale had been buying all along this is very fishy. There's no reason for an immediate redeposit unless someone had managed to get Poloniex to pay out to them.

Also strange is how there is no intermediate deposit address used--the transfers are going directly into the central wallet.

Here is another transfer of 35k:

http://blockscan.com/address.aspx?q=1HMoHdzaHm9cHR8FjekGRtkkydoHfgaC8S

Perhaps the hacker/exploiter is going for another round?

I really hope I'm wrong. It does look as though either the central wallet or Poloniex's internal processes have been compromised.

I think there is only 1 way to perfectly implement this pegged value idea. Create a DAC (Distributed Autonomous Community) whose sole function is to take an amount of BTC as an input and return the same amount of XBTC to you in return. This DAC will run on at least all the underwriters computers. This keeps it as simple as possible. The DAC is trust-less and starts with the 21 Million XBTC. To get the XBTC you have to feed it with BTC. All the accounts would be transparent and really simple - only 1 address is needed for both the BTC and XCP.

This would work for any other crypto-currency too. The only caveat being that the members of the DAC community would have to run the blockchains of each cryptocurrency involved.

Curious of what is a practical way to make such DAC ? How to prove that only nodes in DAC know the private key ?

When does this troll order expire? 0.01738562 BTC/XCP