
Rabenvater
43 posts

















node is out. now what?


We facilitated an OTC sale at the request of an early buyer, and unfortunately they ended up being scammed. Despite numerous warnings that we will not be responsible for loss, we will take this L, and have bought back the entire amount. Please stay alert! etherscan.io/tx/0x03b1f77b1…





Hi, thanks, very helpful and insightful. Not sure what to "come after you" for. 1) Yes, some tech docs were written over two years ago, do not reflect the current implementation, are outdated and should be reworked or removed. Yes, the method is experimental. Yes, the full formal paper is long overdue. Yes, the development and releases have been significantly ahead of the public material updates. The open-source web client and the current published HFHE implementation, the only relevant repos for a proper audit, were entirely left out of this article for some reason: github.com/octra-labs/web… github.com/octra-labs/pva…; 2) Yes, in the old sandbox demo, encryption, decryption, and arithmetic functions were available in the same browser package, as expected for a standalone demo. It's hopelessly outdated; if you want to understand encryption, go to GitHub. 3) Yes, @octra pursues progressive decentralization and is transparently in the mainnet alpha stage, with the node release upcoming. Yes, this has taken a while due to work on security. Yes, the bridge is validated by an octra node, which will be more evident from its release. Yes, there are mint caps after the recent published incident that can be changed later; 4) Yes, @octralabs is a registered Swiss association, and Silvan Andermatt is its board member / director. Yes, there exists a UK R&D entity that was registered but not used. All of this is indeed public information; 5) Yes, funds raised for development were obtained from the Uniswap Auction, moved to the @octralabs multisig and used for development on a monthly budget. Yes, over $2.1 million out of $2.4 million raised in April still remain there. Yes, some team members and B2B off-ramps have CEX accounts; 6) Yes, 100,000 USDC were transferred as an emergency to buy back 50,000 USDC worth of wOCT during an OTC incident. All of wOCT purchased and the remaining 50,000 USDC were transferred back to the multisig and later added to the Uniswap liquidity pool as announced: etherscan.io/tx/0x81b63ecde… etherscan.io/tx/0x2256df58d… 7) Yes, some people move from post-USSR countries to Switzerland, Israel and the UK. Yes, some team members were involved in prior non-crypto startups. Yes, there are other legal entities associated with them that have nothing to do with octra; 8) Yes, one of the wallets labeled as "operational" has a nonce of 20 because it was used to test encrypted balances, and the team does not have access to any other OCT. The exact full amount declared is still there. Yes, "locked indefinitely" isn't the right wording, because it implies a programmatic lock, whereas the restriction is self-imposed. Thanks for flagging, we have been prioritizing updating public materials. If you have anything to improve on the method itself, please feel free to send PRs. There is also an active bug bounty at all times, you can submit your findings to dev at octra dot org.




