Pages:
Author

Topic: Coinbase will be next to halt withdrawals by Friday.. - page 2. (Read 15626 times)

legendary
Activity: 2772
Merit: 1028
Duelbits.com
He obviously knew about DDOS planned but thought it would bring more panic than it did.

Guess he doesn't know bitcoin is honey badger, the power of the nature.
hero member
Activity: 529
Merit: 501
Would you look at that?

From 560ish to 640ish all in one day.

I just checked the Coinbase website, no mention of them stopping BTC transactions.

Coinbase current price for buying BTC is 657.10 USD.

I also checked for pieces of sky on the ground around my house. I could find none.

I looked up, there was the sky, and the moon was coming out, right on time, after the sun set.

Nothing to see here. Move along.

Yawn. I'm going to bed and am going to sleep soundly, counting BTC to help me go to bed.

Another useless thread come and gone. What a non-event, non-surprise, waste of bytes.
hero member
Activity: 602
Merit: 500
The track to less than $100 btc is on the way, many exchanges will close along with coinbase by Friday.. Prepare, get your coins out, sell now or wish you did.. more news coming soon.

hello puppet Smiley
member
Activity: 119
Merit: 10
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

They can fix the symptoms by today.  Fixing the problem that causes the symptoms will take more than a year (and probably over 51% of the network to agree and every wallet user to get a new wallet, which probably won't happen soon).

Thats how the whole Humanity works...

you broke your arm? -here take some painkiller!
youve got an burnout? -dont change your life, just take some antidepressants!
your economy is sick? -well lets raise the debt limit!

but you know what? there are still people living on that planet!

So why should bitcoin go another way? it still works, and im fine with that.
sr. member
Activity: 378
Merit: 255
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

They can fix the symptoms by today.  Fixing the problem that causes the symptoms will take more than a year (and probably over 51% of the network to agree and every wallet user to get a new wallet, which probably won't happen soon).
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I agree with OP, Bitcoin is going to crash SO HARD

did you go under the $10 minimum and not be able to chat in the box over at btc-e?
legendary
Activity: 2772
Merit: 1028
Duelbits.com
member
Activity: 119
Merit: 10
BRACE YOURSELF, THE END IS NEAR! 8 MIN TO THE FULFILLMENT OF THE PROPHECY!

RUN, SELL, RUN, SELL!!!!!!!

AS THE TROLL PREDICTED! LONG LIVE THE TROLL AND HIS MAJESTIC PROPHECY!!!



hero member
Activity: 699
Merit: 500
Your Minion
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

Just because malleability won't be fixed this year doesn't mean they can't mitigate these DDoS attacks through other ways.

That made no sense unless you actually present a way to mitigate this by presenting a feasible course of action. Everything else is just hope and faith.

The DDOS is due to the fact that most clients currently allow you to spend unconfirmed change outputs.   There are already patches being worked which will allow the user to require at least 1 confirmation before spending change outputs.  There are also patches being worked which will hide the duplicate transactions.  

Exchanges and service providers will still need to not rely on tx id as canonical proof of payment but they shouldn't be doing that right now anyways.  Relying on tx id as confirmation of a withdraw won't result in a denial of service, it will result in the exchange being robbed.

More info:
https://bitcointalksearch.org/topic/m.5089865

Also not all services are halted.  BitSimple is still operating, the malleability of tx id doesn't affect our processing engine at all.

And I've been waiting for 6 confirmations all this time  Tongue
legendary
Activity: 1260
Merit: 1008
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

Just because malleability won't be fixed this year doesn't mean they can't mitigate these DDoS attacks through other ways.

That made no sense unless you actually present a way to mitigate this by presenting a feasible course of action. Everything else is just hope and faith.

The DDOS is due to the fact that most clients currently allow you to spend unconfirmed change outputs.   There are already patches being worked which will allow the user to require at least 1 confirmation before spending change outputs.  There are also patches being worked which will hide the duplicate transactions.  

Exchanges and service providers will still need to not rely on tx id as canonical proof of payment but they shouldn't be doing that right now anyways.  Relying on tx id as confirmation of a withdraw won't result in a denial of service, it will result in the exchange being robbed.

More info:
https://bitcointalksearch.org/topic/m.5089865

Also not all services are halted.  BitSimple is still operating, the malleability of tx id doesn't affect our processing engine at all.

also kraken.com is uneffected
member
Activity: 84
Merit: 10
The track to less than $100 btc is on the way, many exchanges will close along with coinbase by Friday.. Prepare, get your coins out, sell now or wish you did.. more news coming soon.
Threads like this panic gullible readers who in turn cash out to the benefit of the trolls that are causing this panic in the first place. So tell us OP have you sold yours? Can you back it with some proof too you big fat troll?
sr. member
Activity: 308
Merit: 250
I agree with OP, Bitcoin is going to crash SO HARD
https://bitcointalksearch.org/topic/m.4864894
Your predictions suck, go back to your hole.

Nice trolling OP , but I think you'd better move to trollbox.

This is a place for serious speculation, no ass talk.
hero member
Activity: 717
Merit: 501
I agree with OP, Bitcoin is going to crash SO HARD
donator
Activity: 1218
Merit: 1079
Gerald Davis
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

Just because malleability won't be fixed this year doesn't mean they can't mitigate these DDoS attacks through other ways.

That made no sense unless you actually present a way to mitigate this by presenting a feasible course of action. Everything else is just hope and faith.

The DDOS is due to the fact that most clients currently allow you to spend unconfirmed change outputs.   There are already patches being worked which will allow the user to require at least 1 confirmation before spending change outputs.  There are also patches being worked which will hide the duplicate transactions.  

Exchanges and service providers will still need to not rely on tx id as canonical proof of payment but they shouldn't be doing that right now anyways.  Relying on tx id as confirmation of a withdraw won't result in a denial of service, it will result in the exchange being robbed.

More info:
https://bitcointalksearch.org/topic/m.5089865

Also not all services are halted.  BitSimple is still operating, the malleability of tx id doesn't affect our processing engine at all.
legendary
Activity: 1260
Merit: 1008
GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

Just because malleability won't be fixed this year doesn't mean they can't mitigate these DDoS attacks through other ways.

That made no sense unless you actually present a way to mitigate this by presenting a feasible course of action. Everything else is just hope and faith.

look at the last few commits in the bitcoin github master branches commits, and in particular look at:

https://github.com/bitcoin/bitcoin/commit/19e5b9d2dfcac4efadba636745485d9660fb1abe

it seems that they are doing something.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
I like how everyone ignores the fact that his "prediction" suggested that the price would be $100 on Friday... NOT that it would drop to $100 for a few seconds on one exchange on Monday.

There is a BIG difference between the price sitting at 100 on friday the 14th and what we saw happen yesterday.

But if ya'll want to continue to think he made some genius prediction, by all means, get on your knees and praise the guy.

This is true, and bottom line is that if bitcoin really was on the verge of failure (and he knew it), then he wouldn't be asking for donations in BTC for his "secret inside knowledge."  He would probably be asking for cash through paypal or beanie babies or something like that...
hero member
Activity: 1470
Merit: 504

I think it's a reasonable assertion that they might feel a pinch by this; especially considering their recent buy orders have skyrocketed with the lower price...

that was last week when they and stamp crashed 100 points lower than BTCe... plenty of us bought in the 630's and get those coins Thursday..  in the old days we would of had those instantly and you would of seen those notices they would throw up saying they ran out of coins..

now with the low cap they can get whatever coins they need within 5 business days



Trust me, I bought more on the 8th, 9th, 10th, and today... Unfortunately I missed the low point but I'm still happy with the current price...

The withdrawals did seem to take slightly longer, but in a matter of an hour or so the withdrawal requests were filled.
sr. member
Activity: 462
Merit: 250

I think it's a reasonable assertion that they might feel a pinch by this; especially considering their recent buy orders have skyrocketed with the lower price...

that was last week when they and stamp crashed 100 points lower than BTCe... plenty of us bought in the 630's and get those coins Thursday..  in the old days we would of had those instantly and you would of seen those notices they would throw up saying they ran out of coins..

now with the low cap they can get whatever coins they need within 5 business days

hero member
Activity: 529
Merit: 501
Not like I'm going to turn off my miners anytime soon.

All this FUD and BS is going to lead to a drop, and then, it's going to bounce up.

And, there is nothing wrong with people's wallets holding the BTC, just with DDOS attacks that mimic transactions.

There is nothing to freak out about. Yawn.

Back to mining and our regularly scheduled program.

And now, for a little Mozart.
hero member
Activity: 1470
Merit: 504
If Coinbase puts a hold on withdrawals it's only because the other exchanges won't let CoinBase pull BTC out.

Luckily CoinBase doesn't solely rely on the exchanges for BTC. They have a constant influx from Merchant Services...

I think it's plausible that they may delay BTC withdrawals; but they likely won't have to lock them down...

I think it's a reasonable assertion that they might feel a pinch by this; especially considering their recent buy orders have skyrocketed with the lower price...
Pages:
Jump to: