Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29799.

gizmoh

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Quote from: delphic on February 12, 2014, 06:42:46 AM

So the bitcoin protocol is robust, the malleability flaw is not causing bitcoins to be lost or misdirected, the problem is known and being ironed out, correctly implemented wallets are not vulnerable to malleabilty, the developer community is tidying the protocol up, and my bitcoins, which I bought last year, are still worth much more than what I paid for them.

I'm in tears. Honestly, I am devastated.

Bitcoin-QT latest client is vulnerable see: https://bitcointalksearch.org/topic/what-the-average-user-needs-to-know-about-transaction-mutability-460944

Of course it only "damage the perception of Bitcoin as a credible payment network".

gizmoh

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Quote from: joburgtaxi on February 12, 2014, 06:41:44 AM

Quote from: mah87 on February 12, 2014, 06:39:22 AM

Quote from: magicmexican on February 12, 2014, 06:38:13 AM

Looks like Goxcoin is not doing well

Bitstamp will follow

Bitstamp halts withdraws

www.wired.com/wiredenterprise/2014/02/bitcoin-ddos

touch.latimes.com/#section/-1/article/p2p-79263375/

As Bitstamp battles against these attacks, it’s also worth noting that the Slovenian exchange is not listed as a money services business with FINCEN, the U.S. agency that registers money transmitters — even though it accepts US customers.

Frankly, i'm more worried about this issue highlighted above. Where to store fiat when coins becomes cheap..?

delphic

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Quote from: gizmoh on February 12, 2014, 05:52:51 AM

Bitcoin Fail as a payment system. Money sent never arrives.. Hey Mark your were right, kudos!
Fonzie do relay this to all media..

https://bitcoinfoundation.org/blog/?p=422

Update on Transaction Malleability
Gavin Andresen Feb 11 2014

You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.

Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.

We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.

Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.

As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.

Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.

So the bitcoin protocol is robust, the malleability flaw is not causing bitcoins to be lost or misdirected, the problem is known and being ironed out, correctly implemented wallets are not vulnerable to malleabilty, the developer community is tidying the protocol up, and my bitcoins, which I bought last year, are still worth much more than what I paid for them.

I'm in tears. Honestly, I am devastated.

joburgtaxi

full member

Activity: 263

Merit: 101

Quote from: mah87 on February 12, 2014, 06:39:22 AM

Quote from: magicmexican on February 12, 2014, 06:38:13 AM

Looks like Goxcoin is not doing well

Bitstamp will follow

Bitstamp halts withdraws

www.wired.com/wiredenterprise/2014/02/bitcoin-ddos

touch.latimes.com/#section/-1/article/p2p-79263375/

mah87

donator

Activity: 756

Merit: 500

-Bitcoin & Ripple-

Quote from: magicmexican on February 12, 2014, 06:38:13 AM

Looks like Goxcoin is not doing well

Bitstamp will follow

magicmexican

hero member

Activity: 812

Merit: 1000

Looks like Goxcoin is not doing well

mah87

donator

Activity: 756

Merit: 500

-Bitcoin & Ripple-

Going to 450$ in 1hour

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: N12 on February 12, 2014, 06:32:14 AM

Mark Karpeles – because he's the hero Bitcoin deserves!

Karpeles for President, the true saviour Grin

N12

donator

Activity: 1610

Merit: 1010

Mark Karpeles – because he's the hero Bitcoin deserves!

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Mt.Gox seems to be ready to

TPN

full member

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How did it get so late, so soon?

Quote from: joburgtaxi on February 12, 2014, 06:25:37 AM

Guess Bitcoin is not mainstream enough yet Grin

rofl

joburgtaxi

full member

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Guess Bitcoin is not mainstream enough yet Grin

N12

donator

Activity: 1610

Merit: 1010

Bought some more. God bless MtGox! Cheesy

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: pinky on February 12, 2014, 06:09:23 AM

So many bad news and btc is holding so well.

Erdogan

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Activity: 1512

Merit: 1005

Quote from: molecular on February 12, 2014, 02:09:32 AM

received more "insight" on that february 2014 "event" from those nutjobs (?) at the farsight institute.

just dropping here for -- I don't know -- entertainment?:

Quote

_Implications Posting #4:_

_Above all else, those who govern seek to control what the masses accept as true, and there is nothing that they will not do in order to achieve this since it is the sole source of their power. The belief that those who govern would not brazenly manipulate knowledge simply for their own benefit is the single most important belief that supports their continued reign. This belief always leads to confusion, despair, and relentless cynicism from within the ranks of those who are controlled. Once this belief is abandoned, free will returns absolutely, and great change is inevitable._

_Notes:_
_1. This is one of a series of “Implications Postings” that refer to an announcement that will be made during the month of February 2014. Once made, news of this announcement will be available at www.farsight.org and elsewhere._
_2. These postings are designed to encourage broad public discussion of the February 2014 announcement. They do not directly address the specific content of the announcement._

Strange. You seem to have found the single paragraph on that site that is in fact sensible.

pinky

hero member

Activity: 538

Merit: 500

So many bad news and btc is holding so well.

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: macsga on February 12, 2014, 06:05:40 AM

Quote from: alexeft on February 12, 2014, 05:56:08 AM

That's why they had said that people interested in bitcoin should run bitcoin nodes.

I declare myself a HODLER node. Much hashing power, very BFL60SC. Just wow...

(wait, that's for DOGE thread... oh well I will just press post)

I was talking about a node, not mining!

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: alexeft on February 12, 2014, 05:56:08 AM

That's why they had said that people interested in bitcoin should run bitcoin nodes.

I declare myself a HODLER node. Much hashing power, very BFL60SC. Just wow...

(wait, that's for DOGE thread... oh well I will just press post)

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: gizmoh on February 12, 2014, 05:52:51 AM

Bitcoin Fail as a payment system. Money sent never arrives.. Hey Mark your were right, kudos!
Fonzie do relay this to all media..

https://bitcoinfoundation.org/blog/?p=422

Update on Transaction Malleability
Gavin Andresen Feb 11 2014

You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.

Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.

We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.

Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.

As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.

Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.

That's why they had said that people interested in bitcoin should run bitcoin nodes.

gizmoh

legendary

Activity: 1428

Merit: 1000

Bitcoin Fail as a payment system. Money sent never arrives.. Hey Mark your were right, kudos!
Fonzie do relay this to all media..

https://bitcoinfoundation.org/blog/?p=422

Update on Transaction Malleability
Gavin Andresen Feb 11 2014

You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.

Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.

We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.

Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.

As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.

Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29799. (Read 26711452 times)