I must warn that news from sources confirms that the recent all time high is confirmation that this thread confirms a downtrend. I expect other good and reliable sources will confirm it.
Confirmed.
It is known.
Topic: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 (Read 43551 times)
Confirmed.
It is known.
I must warn that news from sources confirms that the recent all time high is confirmation that this thread confirms a downtrend. I expect other good and reliable sources will confirm it.
Metatreder4 live trading on BTC-e not working, of monday 10.feb.2014 year
Also don't forget that from the end of January the entire BTC market in China and all the exchanges (Huebi, BTCChina and all the others) will be closed down following the announcement from the Bank of China that bitcoin is not allowed there.
Oh wait......
Oh wait......
At this early stage in Bitcoin's life, it is impossible to predict its success or failure. So many people said the Internet was a fad, and that professionally managed online services such as Compuserve, Prodigy, and AOL are what will succeed in the long run. How could Amazon take out an existing bookstore chain like Barnes and Noble, let alone threaten a retail giant like Walmart? The underlying technology embodied by Bitcoin is what matters. The decentralized transaction ledger is what really matters here. If Bitcoin does not survive, some derivative of it will - I guarantee it!
100 % Confirmed news !!!1
'Gox and 'stamp are down.. rest to follow. Feds attacking bitcoin. Sell now.
'Gox and 'stamp are down.. rest to follow. Feds attacking bitcoin. Sell now.
http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/
Bitcoin Exchanges Under ‘Massive and Concerted Attack’
Bitcoin Exchanges Under ‘Massive and Concerted Attack’
Confirmed
http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/
Bitcoin Exchanges Under ‘Massive and Concerted Attack’
Bitcoin Exchanges Under ‘Massive and Concerted Attack’
39 pages of confirmed bad news and bitcoin is still more or less stable.
Confirmed.
However, their PR is clearly better than Gox's. So we can't say 'stamped', well ... not yet.
now is the period when manufacturers mining hardware out of the game, and game is over, bitcoin go below 10 usd.
Please, only Confirmed Bad News Sources.
I can confirm the above.
now is the period when manufacturers mining hardware out of the game, and game is over, bitcoin go below 10 usd.
Please, only Confirmed Bad News Sources.
My thread and my analise is confirmed sources.
https://bitcointalksearch.org/topic/m.4328147
https://bitcointalksearch.org/topic/btc-beginning-of-the-end-420005
Math calculations or counting how much difficulty increase isn't needed to confirm your statements.
Just self-confirmation is good enough, in this thread.
I can confirm this.
now is the period when manufacturers mining hardware out of the game, and game is over, bitcoin go below 10 usd.
Please, only Confirmed Bad News Sources.
My thread and my analise is confirmed sources.
https://bitcointalksearch.org/topic/m.4328147
https://bitcointalksearch.org/topic/btc-beginning-of-the-end-420005
now is the period when manufacturers mining hardware out of the game, and game is over, bitcoin go below 10 usd.
Please, only Confirmed Bad News Sources.
now is the period when manufacturers mining hardware out of the game, and game is over, bitcoin go below 10 usd.
horror
Major Bug Found In Bitcoin Network, Extremely Vulnerable, Impossible To Fix
Today, devastating news about the vulnerability and unreliability of the Bitcoin currency was made public by the largest and oldest Bitcoin exchange, MtGox.
A major bug has been found in the Bitcoin network by the most popular and largest Bitcoin exchange, MtGox.
The popular Bitcoin exchange has lost all trust in the Bitcoin currency and has halted all bitcoin or cash transactions via its exchange.
The founders of MtGox are extremely concerned about a major bug they have found in the Bitcoin programming. The bug is not complicated, and any amateur hacker could exploit it and steal billions of dollars worth of Bitcoins. The bug might not be complicated, but there is no possibility to fix the bug. This means that the Bitcoin network will always have at least one major vulnerability.
To proof this statement, read the official statement published on MtGox by the CEO of the most popular, oldest and largest Bitcoin exchange:
Dear MtGox Customers and Bitcoiners,
As you are aware, the MtGox team has been working hard to address an issue with the way that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring to transactions from a MtGox bitcoin wallet to an external bitcoin address. Bitcoin transactions to any MtGox bitcoin address, and currency withdrawals (Yen, Euro, etc) are not affected by this issue.
The problem we have identified is not limited to MtGox, and affects all transactions where Bitcoins are being sent to a third party. We believe that the changes required for addressing this issue will be positive over the long term for the whole community. As a result we took the necessary action of suspending bitcoin withdrawals until this technical issue has been resolved.
Addressing Transaction Malleability
MtGox has detected unusual activity on its Bitcoin wallets and performed investigations during the past weeks. This confirmed the presence of transactions which need to be examined more closely.
Non-technical Explanation:
A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue.
Technical Explanation:
Bitcoin transactions are subject to a design issue that has been largely ignored, while known to at least a part of the Bitcoin core developers and mentioned on the BitcoinTalk forums. This defect, known as "transaction malleability" makes it possible for a third party to alter the hash of any freshly issued transaction without invalidating the signature, hence resulting in a similar transaction under a different hash. Of course only one of the two transactions can be validated. However, if the party who altered the transaction is fast enough, for example with a direct connection to different mining pools, or has even a small amount of mining power, it can easily cause the transaction hash alteration to be committed to the blockchain.
The bitcoin api "sendtoaddress" broadly used to send bitcoins to a given bitcoin address will return a transaction hash as a way to track the transaction's insertion in the blockchain.
Most wallet and exchange services will keep a record of this said hash in order to be able to respond to users should they inquire about their transaction. It is likely that these services will assume the transaction was not sent if it doesn't appear in the blockchain with the original hash and have currently no means to recognize the alternative transactions as theirs in an efficient way.
This means that an individual could request bitcoins from an exchange or wallet service, alter the resulting transaction's hash before inclusion in the blockchain, then contact the issuing service while claiming the transaction did not proceed. If the alteration fails, the user can simply send the bitcoins back and try again until successful.
We believe this can be addressed by using a different hash for transaction tracking purposes. While the network will continue to use the current hash for the purpose of inclusion in each block's Merkle Tree, the new hash's purpose will be to track a given transaction and can be computed and indexed by hashing the exact signed string via SHA256 (in the same way transactions are currently hashed).
This new transaction hash will allow signing parties to keep track of any transaction they have signed and can easily be computed, even for past transactions.
We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized.
In the meantime, exchanges and wallet services - and any service sending coins directly to third parties - should be extremely careful with anyone claiming their transaction did not go through.
Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.
Conclusion
To put things in perspective, it's important to remember that Bitcoin is a very new technology and still very much in its early stages. What MtGox and the Bitcoin community have experienced in the past year has been an incredible and exciting challenge, and there is still much to do to further improve.
MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers.
More information on the status of this issue will be released as soon as possible.
We thank you for taking the time to read this, and especially for your patience.
Best Regards,
MtGox Team
-----
Link to source: https://www.mtgox.com/press_release_20140210.html
Today, devastating news about the vulnerability and unreliability of the Bitcoin currency was made public by the largest and oldest Bitcoin exchange, MtGox.
A major bug has been found in the Bitcoin network by the most popular and largest Bitcoin exchange, MtGox.
The popular Bitcoin exchange has lost all trust in the Bitcoin currency and has halted all bitcoin or cash transactions via its exchange.
The founders of MtGox are extremely concerned about a major bug they have found in the Bitcoin programming. The bug is not complicated, and any amateur hacker could exploit it and steal billions of dollars worth of Bitcoins. The bug might not be complicated, but there is no possibility to fix the bug. This means that the Bitcoin network will always have at least one major vulnerability.
To proof this statement, read the official statement published on MtGox by the CEO of the most popular, oldest and largest Bitcoin exchange:
Dear MtGox Customers and Bitcoiners,
As you are aware, the MtGox team has been working hard to address an issue with the way that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring to transactions from a MtGox bitcoin wallet to an external bitcoin address. Bitcoin transactions to any MtGox bitcoin address, and currency withdrawals (Yen, Euro, etc) are not affected by this issue.
The problem we have identified is not limited to MtGox, and affects all transactions where Bitcoins are being sent to a third party. We believe that the changes required for addressing this issue will be positive over the long term for the whole community. As a result we took the necessary action of suspending bitcoin withdrawals until this technical issue has been resolved.
Addressing Transaction Malleability
MtGox has detected unusual activity on its Bitcoin wallets and performed investigations during the past weeks. This confirmed the presence of transactions which need to be examined more closely.
Non-technical Explanation:
A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue.
Technical Explanation:
Bitcoin transactions are subject to a design issue that has been largely ignored, while known to at least a part of the Bitcoin core developers and mentioned on the BitcoinTalk forums. This defect, known as "transaction malleability" makes it possible for a third party to alter the hash of any freshly issued transaction without invalidating the signature, hence resulting in a similar transaction under a different hash. Of course only one of the two transactions can be validated. However, if the party who altered the transaction is fast enough, for example with a direct connection to different mining pools, or has even a small amount of mining power, it can easily cause the transaction hash alteration to be committed to the blockchain.
The bitcoin api "sendtoaddress" broadly used to send bitcoins to a given bitcoin address will return a transaction hash as a way to track the transaction's insertion in the blockchain.
Most wallet and exchange services will keep a record of this said hash in order to be able to respond to users should they inquire about their transaction. It is likely that these services will assume the transaction was not sent if it doesn't appear in the blockchain with the original hash and have currently no means to recognize the alternative transactions as theirs in an efficient way.
This means that an individual could request bitcoins from an exchange or wallet service, alter the resulting transaction's hash before inclusion in the blockchain, then contact the issuing service while claiming the transaction did not proceed. If the alteration fails, the user can simply send the bitcoins back and try again until successful.
We believe this can be addressed by using a different hash for transaction tracking purposes. While the network will continue to use the current hash for the purpose of inclusion in each block's Merkle Tree, the new hash's purpose will be to track a given transaction and can be computed and indexed by hashing the exact signed string via SHA256 (in the same way transactions are currently hashed).
This new transaction hash will allow signing parties to keep track of any transaction they have signed and can easily be computed, even for past transactions.
We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized.
In the meantime, exchanges and wallet services - and any service sending coins directly to third parties - should be extremely careful with anyone claiming their transaction did not go through.
Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.
Conclusion
To put things in perspective, it's important to remember that Bitcoin is a very new technology and still very much in its early stages. What MtGox and the Bitcoin community have experienced in the past year has been an incredible and exciting challenge, and there is still much to do to further improve.
MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers.
More information on the status of this issue will be released as soon as possible.
We thank you for taking the time to read this, and especially for your patience.
Best Regards,
MtGox Team
-----
Link to source: https://www.mtgox.com/press_release_20140210.html
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