Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18368.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: European Central Bank on August 02, 2016, 07:42:20 PM

Quote from: ?? on ??

Definitely interesting to speculate the what ifs? lol that's what it would take

so bitfinex would not also screw their customers, they'd also screw the whole of bitcoin by setting an unacceptable precedent. I don't think everyone else should suffer because of their dumb moves and it kinda blows my mind that it's being discussed.

it would be a nail in the coffin for the idea that this thing's set itself up as but i can understand why it's being proposed. i hope no one caves all the same.

They'll be declaring bankruptcy any minute now. I'd put money on it.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Quote from: European Central Bank on August 02, 2016, 07:42:20 PM

Quote from: ?? on ??

Definitely interesting to speculate the what ifs? lol that's what it would take

so bitfinex would not also screw their customers, they'd also screw the whole of bitcoin by setting an unacceptable precedent. I don't think everyone else should suffer because of their dumb moves and it kinda blows my mind that it's being discussed.

it would be a nail in the coffin for the idea that this thing's set itself up as but i can understand why it's being proposed. i hope no one caves all the same.

lol its not possible on btc

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: ?? on ??

Definitely interesting to speculate the what ifs? lol that's what it would take

so bitfinex would not also screw their customers, they'd also screw the whole of bitcoin by setting an unacceptable precedent. I don't think everyone else should suffer because of their dumb moves and it kinda blows my mind that it's being discussed.

it would be a nail in the coffin for the idea that this thing's set itself up as but i can understand why it's being proposed. i hope no one caves all the same.

if it didn't happen with gox, even though that would've been impossible as it was all too messy, untraceable and elongated, then it shouldn't happen now.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: Hyperjacked on August 02, 2016, 07:29:00 PM

Quote from: savetherainforest on August 02, 2016, 06:28:12 PM

I went for a shower... missed all the fun...

I see a lot of explosions happening... and 2nd degree burns... Run bears... run!!!

The Bears are eating like kings n drinking gin n juice... Shocked

I know...

... I dumped too... But I count what I own in coins not fiat... Grin

(*Edit: Meaning I sit 90% of the time in coins.. and 10% in fiat.(*Edit2: And I never go to sleep holding fiat!))

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Quote from: ?? on ??

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

If mETH taught us anything, greed always finds a way. I almost expect this to happen.

even with bitcoin miner being so "centralized" it requires to much coordination
51% hashing power cannot be bought.
we can dream about it, and think that ya maybe there's a way.
but it won't happen.

not really , what about every transaction that has happened with the hacked coins since the past few hours and maybe even before Bitfinex even knew they were hacked...the coins have prob moved several times to several dif wallets.

The two reasons eth could do it is, one there is a feature built in to the code and secondly the coins were locked for 35days slowing down the hacker.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: ?? on ??

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

If mETH taught us anything, greed always finds a way. I almost expect this to happen.

even with bitcoin miner being so "centralized" it requires to much coordination
51% hashing power cannot be bought.
we can dream about it, and think that ya maybe there's a way.
but it won't happen.

no dream, nightmare. you dont wanna see that backslash...

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: LordCoder on August 02, 2016, 07:17:34 PM

Quote from: Derek492 on August 02, 2016, 07:16:04 PM

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

People don't remember. That's the key factor for a security researcher to perform the attack. If there was no BTC, why would they do this? Wink

lol I remember! Wink

I still suspect an inside job of sorts....

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Quote from: ?? on ??

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

If mETH taught us anything, greed always finds a way. I almost expect this to happen.

If mEth has taught me anything, its how much dif it is from BTC

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Looks like Bitfinex security model for cold storage of Margined coins was changed to suit the CFTC legal rules

http://www.cftc.gov/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfbfxnaorder060216.pdf

so gubmint fucked up bitcoin exchanges seem to be becoming the norm

andyatcrux

legendary

Activity: 938

Merit: 1000

Quote from: adamstgBit on August 02, 2016, 07:15:01 PM

Quote from: hdbuck on August 02, 2016, 07:08:48 PM

Quote from: AlexGR on August 02, 2016, 07:07:23 PM

Quote from: European Central Bank on August 02, 2016, 07:00:58 PM

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

thats not a HF proposal, just bribing the miners to 51% attack the network.

idk how i feel about that.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Quote from: ?? on ??

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

not really , what about every transaction that has happened with the hacked coins since the past few hours and maybe even before Bitfinex even knew they were hacked...the coins have prob moved several times to several dif wallets.

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: savetherainforest on August 02, 2016, 06:28:12 PM

I went for a shower... missed all the fun...

I see a lot of explosions happening... and 2nd degree burns... Run bears... run!!!

The Bears are eating like kings n drinking gin n juice... Shocked

LordCoder

hero member

Activity: 712

Merit: 500

Quote from: Derek492 on August 02, 2016, 07:16:04 PM

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

People don't remember. That's the key factor for a security researcher to perform the attack. If there was no BTC, why would they do this? Wink

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: lemmyK on August 02, 2016, 07:10:18 PM

AN ERROR HAS OCCURED
Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble!

Coinbase.. Grin

well a run on Coinbase was well underway before this ... so now if you have coins on coinbase those are basically gone ... idiots.

bitcoin is not for idiots, yet.

Coinbased before you're Finexed

Derek492

sr. member

Activity: 356

Merit: 250

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: hdbuck on August 02, 2016, 07:08:48 PM

Quote from: AlexGR on August 02, 2016, 07:07:23 PM

Quote from: European Central Bank on August 02, 2016, 07:00:58 PM

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

thats not a HF proposal, just bribing the miners to 51% attack the network.

idk how i feel about that.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: lemmyK on August 02, 2016, 07:10:18 PM

AN ERROR HAS OCCURED
Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble!

Coinbase.. Grin

Bank-run every m'f'ing exchange. That's how price will rebound fast. Half of them are doing fractional reserve banking.

lemmyK

sr. member

Activity: 293

Merit: 250

AN ERROR HAS OCCURED
Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble!

Coinbase.. Grin

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Kraken just did and soon many more exchanges will tell customers....
DO NOT USE EXCHANGES AS WALLETS

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: AlexGR on August 02, 2016, 07:07:23 PM

Quote from: European Central Bank on August 02, 2016, 07:00:58 PM

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

thats not a HF proposal, just bribing the miners to 51% attack the network.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18368. (Read 26710296 times)