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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27148. (Read 26711828 times)

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Once I met at lunch the prof from our Mechanical Engineering dept who wrote the report that pointed out the problem and eventually convinced the government to order the recall.  It was not a easy struggle to overcome the Fiat lobbyists and lawyers, and I don't think that he got more than his expenses refunded.

Which just goes to show that sensible academics don't support fiat.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
STT
legendary
Activity: 4102
Merit: 1454
^^ Thats not a statement on btc or gold, its a comment on dollars.  You could put a picture of anything in there, custard slices 2016 $1,000!!!!!!
Just had the highest rise in core inflation for 3 years..


Iam amazed he was using cpu mining and doge is really high difficulty for an alt coin.   Sounds like an incredible waste of energy and those poor lagged users betrayed by another useless IT dept fobbing them off with all sorts of crap no doubt.   Eventually users start quitting or not renewing their contracts, hence the months long time to discover and/or do any investigative action
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Grin

On an unrelated note, Huobi order book is looking interesting at the moment.   Cool



Reminds me of october/november, when coins would run out but demand would just keep ripping through the hail-mary offers faster than you could bid.  But it would get arbed now.  Supply would come.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
 Grin

On an unrelated note, Huobi order book is looking interesting at the moment.   Cool

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
We're talking homeopathic levels. 

Don't homeomorphize hashes -- they hate that.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
What the hacker did is not shocking - botnet nodes are installed anywhere and everywhere they can get their hands on these days for all kinds of purposes.  That bit ain't hard.  It ain't hard because dumb people and bad IT departments don't take sufficient precautions.  No mystery there - if you don't want someone driving off in your car, don't leave the keys in it etc.

What was shocking was how much time passed while neither the hardware supplier involved nor any of their customers worked out that their equipment was both vulnerable and being used by an unknown third party.

But at the end of the day a $200k heist of distributed computing power amounts to less than a drop in the ocean.  We're talking homeopathic levels.   Cool


legendary
Activity: 2198
Merit: 1000
Just in,,, now this scares me more than a 51% ... ouch!!!

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/


Technically the attacker stole computing power from a service a provider; he didn't steal dogecoins. It wasn't crypto's fault.

even if he did, it wouldn't have been
very true, its the vulnerability of it all, seems hackers just keep finding ways to steal other peoples coins or get coins they didn't earn or pay for lol amazing
legendary
Activity: 2198
Merit: 1000
Just in,,, now this scares me more than a 51% ... ouch!!!

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/



why, are you heavily invested in DOGE?
no I'm not invested in doge , make most of my money off of crypto alts tho, so this is kind of shocking that a hacker could be so clever enough to pull this off.. sorry for the misunderstanding Smiley I have never been a doge fan btw lol
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1680
Merit: 1045
Just in,,, now this scares me more than a 51% ... ouch!!!

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/


Technically the attacker stole computing power from a service a provider; he didn't steal dogecoins. It wasn't crypto's fault.

even if he did, it wouldn't have been
legendary
Activity: 1512
Merit: 1000
@theshmadz
Just in,,, now this scares me more than a 51% ... ouch!!!

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/



'tis nothing, scrypt asics will make this kind of thing obsolete.

I wonder how monero mining will do, since it seems to be quite ASIC resistant, and the anonymity factor should be a bonus to would-be botnet miners...?
hero member
Activity: 728
Merit: 500
Just in,,, now this scares me more than a 51% ... ouch!!!

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/


Technically the attacker stole computing power from a service a provider; he didn't steal dogecoins. It wasn't crypto's fault.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
There are a lot of people waiting to take profits off the table as soon as we cross $600...  Either that or a lot of people trying to cut losses..
full member
Activity: 196
Merit: 100
legendary
Activity: 2198
Merit: 1000
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