Enable Canisters to Hold ICP

[stephenandrews]

Are we saying that the rollout plan is to be extended until the end of sandboxing? I.e. even if the vote passes, it is unlikely to have the code updated by the Week of September 27, 2021 (as per the timeline above)?

[dpdp]

It sounds to me like yes. It would open non custodian ICP (and other NFTs) trading.

[mparikh]

There’s already a (ROM) $30m honeypot in IC.

@mparikh

I would anticipate that TODAY we have close to $30 m in just NFT assets that are under risk

[JensGroth]

Our proposed plan is to not wait for sandboxing and roll out soon, but remind everybody that the IC is still in beta and recommend experimenting only with small amounts of ICP on canisters.

[mparikh]

Please see here for why no one will buy : …“but it was beta”…

Direct Integration with Bitcoin

It nearly did make it it’s post. (“An inadvertent community driven bug hunting bounty program for IC”). I will articulate why I did not make it it’s own post with all the rationale here (as opposed to a provocative new post). At first, an free airdrop doesn’t really cost end users any real money. As the NFTs begin to percolate the eco-system, people begin to pay real currency for acquiring NFTs. For example, i got a free nft (starverse) for my participation on dscvr.one. At the beginning, …

[Maxfinity]

@JensGroth

Agree with your wish for tooling to understand the deployment of canisters: can it be updated, what are properties of the subnet it runs on, etc. Happy whether it comes from the foundation or the broader community.

I understand you probably realise this, but isn’t the issue that some party over a long period of time, say 12 months, could find the owners of node providers and bribe them to run a different consensus mechanism. By shuffling you mitigate this long-term threat? Thanks.

[polkdot]

how to submit mg propasol

[Jan]

Thanks for bringing this up! We are doing prep work for this right now and will put it up as a roadmap item in the coming days.

[diegop]

Update: Motion passed

Motion Proposal to Enable Canister Smart Contracts to Transfer ICP Tokens...

[lastmjs]

Great to hear! I’m not sure which post you’re replying to, was it this one? Enable Canisters to Hold ICP - #77 by lastmjs

[diegop]

(I suspect you may have copied/pasted the wrong URL)

But fwiw I know Jan is referring to this post: Enable Canisters to Hold ICP - #77 by lastmjs

[lastmjs]

Haha, yes definitely the wrong url

[northman]

Thanks for the clarification.

[hcb]

Sandbox for canister wasm execution is under way. The primary difficulties are a) the architectural changes to make it performant and b) disentangling the canister API such that no security-critical operations remain in the sandboxed process. The focus for initial version being implemented right now is functional correctness, disregarding performance requirements for the sake of correctness validation at first, and will therefore in all likelihood never be launchable on production network. We are committed to having sandbox launched well within this year still. More details and updates will become available in the following weeks as prototypes and designs finish.

[lastmjs]

This is excellent, thank you

[Maxfinity]

@skilesare

I voted yes but generally agree with @lastmjs. You guys should put a canister out there with a bunch of icp in it and see what happens. And by a bunch I mean like $1M. You need something that is going to attract the bug. It would be well worth the lost value if someone kills it or steals it.

Completely agree. Canaries are needed.

[diegop]

Update: we have a new thread for security sandboxing. We hope this will pick up speed shortly with more concrete plans.

Security Sandboxing

Summary Proper sandboxing has come up as a security concern in a few projects: Bitcoin integration with ICP Enabling Canisters to hold ICP Example: I am getting worried about the security of canisters running on non-system subnets, that hold large amounts of monetary value. I’m not sure enough security precautions have been taken to feel confident that canisters running alongside possibly malicious canisters will be safe. I did not realize that each canister was running within the same p…

[mparikh]

Unbelievable!! The velocity with which we are executing as a team with careful thoughtfulness is great to see!

[tnpxu]

bump *** I just want to know when the proposal will be implemented (personally, I’m looking forward to this feature).

[Fulco]

A bit late but I don’t think the canister controller is really what matters with regards to money laundering.

Somebody could make an alternative ledger on another subnet with wrapped ICP tokens which doesn’t record the transactions but just executes them.