no faith in bitcoin (ddos) - page 2.

unamis76

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Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

too bad, it was a good coin

Bitcoin is still good regardless of exchanges and/or price, the technology and the blockchain has nothing to do with the effectiveness of websites...

Not sure what you're trying to get on about.

pogress

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Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

Keep your coin in cold wallet then, no matter what happens at exchanges your Bitcoin is safe in your cold storage. The perceived value might change, but you own the same amount of Bitcoins no matter what.

bclucho

newbie

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probably on the future some botnet could implement thousand of bots making operations on a network platform, but probably if a ddos is detected at the network layer the measures will be the same as other l7 ddos attack. But drop the price because of a ddos? there is ddos to bit companies not reported and nothing happen

Sir Alpha_goy

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Just wait until the halving is over and everyone realizes (just like LTC halving) that all price movements happened before the halving.

Then all sorts of "ddos attacks" occur as traders that were hyping dump hard on the future bag holders.

They will use any excuse to mask the obvious runs on BTC.

raphma

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So.. just to be clear, are talking about bitfinex "ddos"?
if it is, then go search a lil more, the dump has nothing to do with the ddos (but yeah, the bad administration from bfx just make it worse).

Hugroll

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Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

too bad, it was a good coin

But it doesnt drop in price when sites are being ddosed. the exchanges being attacked only results in a slightly lower amount of bitcoin being exchanged. Huh

I dont see how it affects the bitcoin price in a negative way.

Sir Alpha_goy

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Quote from: Lauda on July 03, 2016, 12:38:58 PM

Quote from: thenakedemperor on July 03, 2016, 12:35:24 PM

can you DDoS gold? silver?
no. your argument is invalid

False analogy fallacy. I'm not surprised that your attempt at using logic is futile. DDoS-ing a exchange (a service that works with Bitcoin) has nothing to do with DDoS-ing Bitcoin itself. Similarly, you could just as easily DDoS websites that engage in trades of any kind of goods (including gold and silver). Remember, Bitcoin is still in its infancy stage.

Legendary.....

13 coin will be something when your master PLuto says so.

Lauda

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Terminated.

Quote from: thenakedemperor on July 03, 2016, 12:35:24 PM

can you DDoS gold? silver?
no. your argument is invalid

False analogy fallacy. I'm not surprised that your attempt at using logic is futile. DDoS-ing a exchange (a service that works with Bitcoin) has nothing to do with DDoS-ing Bitcoin itself. Similarly, you could just as easily DDoS websites that engage in trades of any kind of goods (including gold and silver). Remember, Bitcoin is still in its infancy stage.

thenakedemperor

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Quote from: Lauda on July 03, 2016, 12:31:19 PM

This thread is just an example of pure nonsense and ignorance.

Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

Here's the first mistake that is clearly visible. The statement "would I trust" has no correlation to a trust-less system which is Bitcoin. The value of Bitcoin in fiat is trivial. It can be more-or-less easily manipulated until there are some ETF's and similar institutions should stabilize the price a bit.

Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

Bullshit. This logic is very flawed. Nothing has any "credibility" in this view since practically everything can be taken down with DDoS.

Quote from: jukka on July 03, 2016, 12:15:46 PM

uh, then just dont trust. it is your right!

There is no kind of 'trust' at all!

can you DDoS gold? silver?
no. your argument is invalid

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

This thread is just an example of pure nonsense and ignorance.

Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

Here's the first mistake that is clearly visible. The statement "would I trust" has no correlation to a trust-less system which is Bitcoin. The value of Bitcoin in fiat is trivial. It can be more-or-less easily manipulated until there are some ETF's and similar institutions should stabilize the price a bit.

Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

Bullshit. This logic is very flawed. Nothing has any "credibility" in this view since practically everything can be taken down with DDoS.

Quote from: jukka on July 03, 2016, 12:15:46 PM

uh, then just dont trust. it is your right!

There is no kind of 'trust' at all!

Sir Alpha_goy

sr. member

Activity: 448

Merit: 250

Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

too bad, it was a good coin

When one centralized coin exchange gets it's head chopped off just create another.

HYDRA.

BTC is getting ahead of itself by centralizing as fast as it can.

This tells you that the greed and lust for power is strong.

This is the old paradigm showing its ugly face by tainting the pure with "value".

jukka

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Quote from: thenakedemperor on July 03, 2016, 12:09:02 PM

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

too bad, it was a good coin

uh, then just dont trust. it is your right!

European Central Bank

legendary

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Merit: 1087

uh, what does this have to do with bitcoin? it's everything to do with the crappy sites that deal with it. if another coin was top dog then it would fall when the same crappy sites failed too.

there's a new thing out called thinking things through. it's kinda cool. try it.

thenakedemperor

newbie

Activity: 40

Merit: 0

Why would I trust a coin that drops in value massively when sites selling it are getting DDoSed?

this means it has no credibility at all, people can choke it with DDoS and then short it over and over again

too bad, it was a good coin

Topic: no faith in bitcoin (ddos) - page 2. (Read 1215 times)