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Topic: Coinwallet attack is causing backlog in the network and blockchain...hurting BTC - page 2. (Read 3061 times)

Pab
legendary
Activity: 1862
Merit: 1012
Well all is in our handy, no? People just need to turn off the greed and stop trying collecting those free coins! I haven't even tried or thought about trying. Why would I be pulling out the chair on which I sit on, I don't get it.

People just give it up and stop trying!!!

Yet another attack on btc last time ,how many will be more ,it is noot only people,bots are doing his works
And you know people are just a people,post that kind of fake giveaway in poor countrys wher every dollar count
in fact it is crime
hero member
Activity: 756
Merit: 502
CryptoTalk.Org - Get Paid for every Post!
its not really hurting us

It's not affecting the price at all really, just let them carry on with their pathetic self promoting spam attack.

Unconfirmed transactions now above 23,000 according to blockchain.info which is the highest I think I've seen it - https://blockchain.info/unconfirmed-transactions

I don't believe this is about self promotion at all. They are clearly a non-existent company (in fact, criminal, considering they allow you to send them cash and bitcoin without providing the stated services/providing a way to recover your money).

Most likely, they are invested in the prospect of increasing block size, and are using this effort as a way to panic the community into a hard fork that does so. Less likely, they are a group of miners that is profiting from inflated fees (but this is a highly speculative proposition that would require significant hashing power invested and therefore very unlikely).
legendary
Activity: 2142
Merit: 1010
Newbie
one of my transaction hasnt been confirmed yet, its been 5+ hours. what happens if it doesnt confirm, does it get refunded back to the sending address

It won't be refunded, you have to do a "doublespending" if you want to resend it with higher fee. For doublespending you must use the same input(s).
sr. member
Activity: 336
Merit: 251
Sent a transaction a little earlier and doubled up on the normal fee and it went through without any problems.
hero member
Activity: 756
Merit: 500
one of my transaction hasnt been confirmed yet, its been 5+ hours. what happens if it doesnt confirm, does it get refunded back to the sending address
full member
Activity: 196
Merit: 100
If you're not stingy with the tx fees, it goes through fine.
newbie
Activity: 3
Merit: 0
Doesn't seem to be affecting anyone accept people who are using very low fees.  All of my transactions have been going in minutes.  And the price is steadily going sideways.  Not sure what you are talking about.
legendary
Activity: 1386
Merit: 1058
coinwallet is scammers and a very shady company. I don't know what they what to prove with this but i am sure that they have break forever their reputation.

but i have no problem with this spam.

But i have one transaction keep on unconfirmed for more than 10 hours...
legendary
Activity: 2142
Merit: 1010
Newbie
it is a scam-company. dont use their service.

Why is it a scam-company?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
coinwallet is scammers and a very shady company. I don't know what they what to prove with this but i am sure that they have break forever their reputation.

it is a scam-company. dont use their service.

but i have no problem with this spam.
legendary
Activity: 2142
Merit: 1010
Newbie
If the news are to be bad we might retest this $200.

I set bid order at $152, let's see if I get it filled.
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
Meanwhile, there are not even full blocks mined.

Blocksize limit is not what is limiting the block size.

The whole blocksize debate is about as useful as counting angels on a pinhead, without the propagation & orphans risk fixed, thrifty pool operators will not fill blocks, they just have very limited incentive to do so as total fees are still small compared to the risk of getting orphaned and losing the whole block reward.

And that describes the problem very well.  Miners are being encouraged to not process transactions.  What kind of network, encourages the people that process the transactions to not process them?  It is a very poorly designed system.   Some changes need to be included in the code where miners would want to have full blocks and not empty.  There was a proposal a while back by Gavin which would actually encourage full blocks to propagate faster verses empty ones, thus encouraging the people that process transactions to.... you know... actually process transactions, but apparently people don't like Gavin's ideas to make Bitcoin work.
legendary
Activity: 2142
Merit: 1010
Newbie
Just wondering how long these can last.

Till the end of September. Or longer.
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
If Bitcoin wants to be a global fintech solution, it needs to be way more awesome than it is now.  It needs to be seriously more robust so that a a small group with limited resources can't mess it up so badly.  Seriously, Bitcoin is pretty fragile.  Imagine what a major bank, or a country could do to Bitcoin if it wanted to hurt the network. 

If Bitcoin is going to be awesome, it really is going to need to man up more than this. 

I for one want Bitcoin to succeed and see this stress test not as an attack, but as a nice little check telling the community to get its act together.  Eat a little bit of humble pie and get back to work making a product that isn't fragile.
legendary
Activity: 1100
Merit: 1032
Meanwhile, there are not even full blocks mined.

Blocksize limit is not what is limiting the block size.

The whole blocksize debate is about as useful as counting angels on a pinhead, without the propagation & orphans risk fixed, thrifty pool operators will not fill blocks, they just have very limited incentive to do so as total fees are still small compared to the risk of getting orphaned and losing the whole block reward.
legendary
Activity: 1904
Merit: 1074
Just wondering how long these can last. Everytime they want to carry test they will need funding. Where does the free money comes from and for what purpose for all these remains a question.


Some think the purpose for these tests is the agenda of people involved in the XT fork situation. There are players in the Bitcoin economy with money to burn, and they might be using the tests to force through bigger blocks because it suits their agenda. Coinwallet.eu said their stress testing days are over, then announced this giveaway that's spamming the network exactly the same as a stress test does. What worries me is if they announce further similar giveaways in the future that spam the network worse than this one.

There are definitely someone or a group of people behind this, that knew the inner workings of Bitcoin and what would cause it to crash 'n burn. The timing for this attack is

even more sinister. I presume that this is only a front company for a group of people who might be out to hurt Bitcoin or it's image. We know very little about them and they

are not saying much, so it's open for discussion. In my opinion nobody with a long term vision for their company, would attack Bitcoin and think people would be cool with that.

They are hurting the community by doing this, and they could care less.  Angry   
newbie
Activity: 3
Merit: 0
But the core developers should do something because with this tps Bitcoin going major won't be happening easy.
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
Clever in its own way, but ultimately the biggest fucking waste of 200 btc I've seen in a while.

hero member
Activity: 756
Merit: 500
Just wondering how long these can last. Everytime they want to carry test they will need funding. Where does the free money comes from and for what purpose for all these remains a question.

they are using their own money. the keys have a lot of inputs from the previous test, they aren't really spending alot
sr. member
Activity: 310
Merit: 250
Just wondering how long these can last. Everytime they want to carry test they will need funding. Where does the free money comes from and for what purpose for all these remains a question.


Some think the purpose for these tests is the agenda of people involved in the XT fork situation. There are players in the Bitcoin economy with money to burn, and they might be using the tests to force through bigger blocks because it suits their agenda. Coinwallet.eu said their stress testing days are over, then announced this giveaway that's spamming the network exactly the same as a stress test does. What worries me is if they announce further similar giveaways in the future that spam the network worse than this one.
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