......we heading up now?
This is very overdue. So overdue, in fact, it may just cement the bottom as $380. Tons of people are/have been waiting to buy back since the low 500s. Bid sum just spiked over 1m in an hour.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25714. (Read 26609633 times)
September 19, 2014, 08:53:14 AM
This is very overdue. So overdue, in fact, it may just cement the bottom as $380. Tons of people are/have been waiting to buy back since the low 500s. Bid sum just spiked over 1m in an hour.
September 19, 2014, 08:50:44 AM
......we heading up now?
September 19, 2014, 08:49:37 AM
blockchain.info has been broken ever since their database problems earlier in the year. Its a mess.
September 19, 2014, 08:44:45 AM
FUUUU almost a hour and a half and no confirmation.
Why the price crashed just when I needed to transfer some coins
Why the price crashed just when I needed to transfer some coins
are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks
I got the transference.
Seems blockchain.info is in problems, like someone said before.
(and of course I included the fee)
September 19, 2014, 08:42:42 AM
FUUUU almost a hour and a half and no confirmation.
Why the price crashed just when I needed to transfer some coins
Why the price crashed just when I needed to transfer some coins
are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks
September 19, 2014, 08:41:45 AM
FUUUU almost a hour and a half and no confirmation.
Why the price crashed just when I needed to transfer some coins
Why the price crashed just when I needed to transfer some coins
blockchain.info is broken. The height now is 321524
September 19, 2014, 08:40:53 AM
September 19, 2014, 08:39:49 AM
... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
Was this fix put in place?
I've had similar concerns about a "remove hashing power" attack
Would never happen to a big coin like btc: to much power needed. Like 99% attack...
September 19, 2014, 08:38:55 AM
and now they decided to buy...
sheeps!! follow!!! (in 300s voice)
sheeps!! follow!!! (in 300s voice)
September 19, 2014, 08:37:36 AM
FUUUU almost a hour and a half and no confirmation.
Why the price crashed just when I needed to transfer some coins
Why the price crashed just when I needed to transfer some coins
September 19, 2014, 08:37:21 AM
... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
Wow that seems to be a very possible scenario, but would have to be a very large hash to make that happen. Hard to imagine but the results would be as you said, left hanging" interesting if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
September 19, 2014, 08:35:48 AM
... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
Was this fix put in place?
I've had similar concerns about a "remove hashing power" attack
September 19, 2014, 08:34:51 AM
Ok ok, here is a good bull trap brewing. Target 430?
September 19, 2014, 08:33:08 AM
Kggg... Sir, we have movement, i repeat, we have movement kgggg.
Foxtrot Uniform Charlie Kilo , Yankee Echo Sierra!
Hotel Oscar Papa Echo , India Tango, Kilo Echo Echo Papa Sierra, Golf Oscar India November Golf.
Over.
(green on green has a different meaning in this context)
September 19, 2014, 08:30:52 AM
Does everyone here only check blockchain.info for blocks?
Block discovery is fine... working as normal
Block discovery is fine... working as normal
September 19, 2014, 08:30:21 AM
... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.
September 19, 2014, 08:28:47 AM
<===
September 19, 2014, 08:27:34 AM
wow no new blocks for almost 1h.
I wonder how big the transaction volume will be in the next block.
I wonder how big the transaction volume will be in the next block.
miners already shutting down or variance?
September 19, 2014, 08:26:45 AM
Kggg... Sir, we have movement, i repeat, we have movement kgggg.
September 19, 2014, 08:14:17 AM
I call it now. I can bet on it. This is the lowest you can ever buy for the next 100 years. Take it or leave it.
I have heard that before, several times... though I am glad that I bought 1 btc today at $380... I am running out of money.. fml...
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