Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29824.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: 600watt on February 11, 2014, 11:11:31 AM

if i asked you on november 30th, when bitstamp was about to hit $ 1100,- and everyone was expecting the bubble to burst any moment, where btc price would be in after

-china "bans" bitcoin
-russia declares btc illegal
-apple bans the last last wallet app
-gox stops btc withdrawels
-gox releasing a press release making it sound btc code is broken

?

around $ 700 you say ? Wink

With all this FUD, I reckon we can get ~600$/coin if we place bids today and pray

600watt

legendary

Activity: 2338

Merit: 2106

if i asked you on november 30th, when bitstamp was about to hit $ 1100,- and everyone was expecting the bubble to burst any moment, where btc price would be in after

-china "bans" bitcoin
-russia declares btc illegal
-apple bans the last last wallet app
-gox stops btc withdrawels
-gox releasing a press release making it sound btc code is broken

?

around $ 700 you say ? Wink

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

off topic, but already mentioned here, coincidentally about 30 minutes before it happened to me i read it here, but i just got spammed on my 1 month old phone wallet(used a handful of times) by the 1Enjoy address.

any relevant info?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: Richy_T on February 11, 2014, 10:56:04 AM

Linked from Reddit

http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/

Shame on the Bitcoin developers Angry

Gox is a rebel

pietje

full member

Activity: 224

Merit: 100

Quote from: ?? on ??

Done with Gox
Explanation

Awesome, done with gox Grin

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Linked from Reddit

http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/

fluidjax

hero member

Activity: 750

Merit: 601

MtGox is broken.
The Blackhat hackers are broken
The sheeple panicking are broken.
But Bitcoin works correctly.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: podyx on February 11, 2014, 10:44:36 AM

whats going on??

Omg panic. Over nothing. What else?

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: wachtwoord on February 11, 2014, 10:39:21 AM

Quote from: ShroomsKit on February 11, 2014, 08:11:09 AM

Oh wow! Fiverr accepts Bitcoin! That's very nice news.
You can start panic selling now.

Never heard of the service. Can sellers be paid out in Bitcoin as well?

It's quite big. It should boost confidence a lot. But as expected we are going down. Because good news is omg sell. Nah, i know it's coincidence but still. There should be no reason to go down but no amount of good news can stop
It.

I hope they will pay with BTC as well.

Mythul

sr. member

Activity: 644

Merit: 250

BTC-e are really professional and there is no reason to panic. Yesterday they were upgrading the wallets also.

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: podyx on February 11, 2014, 10:44:36 AM

whats going on??

The usual. Nothing to worry about. It's just Bitcoin, you know. Keep caml and hodl Cheesy

And, if you have funds on an exchange, be ready to buy - place a few optimistically low bids now.

podyx

legendary

Activity: 2338

Merit: 1035

whats going on??

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: Rampion on February 11, 2014, 10:39:33 AM

Quote from: JorgeStolfi on February 11, 2014, 10:33:02 AM

Quote from: Rampion on February 11, 2014, 10:20:35 AM

I'm getting most of my transactions "malleated" right now, so what? The original transactions never confirm, but the "malleated" ones do and they are registered correctly by Bitcoin-QT. You just see all your transactions twice, one is confirmed and the other will never be, so what? Balance is displayed correctly by QT because the standard implementation handles correctly malleated transactions.

What could be the motivations of whoever is doing this?

To exploit an MtGOX-like bug on any exchange or system that may happen to have such a bug?

There's no "exploit" unless you use a custom software that uses "transaction ID's" as the only element to check transaction, and then you let someone to "social engineer" you by making you believe they never received the money you sent them.

If you use the reference implementation (bitcoind/Bitcoin-QT) your wallet will show BOTH transactions (the "malleated" and the original one) and will display the CORRECT balance, so there is really no way for you to be social engineered. If you use a custom implementation that only cares about txid, then probably the "malleated" transaction won't show up in your client/accounting system, leaving the door open to a social engineering attack.

TL;DR: whoever is trying to "malleate" as many transactions as possible is doing it either for shit and giggles, either for trying to spread some panic among novices and thus induce panic selling.

Well said Rampion.

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: JorgeStolfi on February 11, 2014, 10:33:02 AM

What could be the motivations of whoever is doing this?
To exploit an MtGOX-like bug on any exchange or system that may happen to have such a bug?

http://www.reddit.com/r/Bitcoin/comments/1xj3rq/gavin_andresen_and_jeff_garzik_mt_gox_is_wrong/cfc9elc
https://bitcointalksearch.org/topic/qt-strange-double-spend-malleable-457546

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: JorgeStolfi on February 11, 2014, 10:33:02 AM

Quote from: Rampion on February 11, 2014, 10:20:35 AM

I'm getting most of my transactions "malleated" right now, so what? The original transactions never confirm, but the "malleated" ones do and they are registered correctly by Bitcoin-QT. You just see all your transactions twice, one is confirmed and the other will never be, so what? Balance is displayed correctly by QT because the standard implementation handles correctly malleated transactions.

What could be the motivations of whoever is doing this?

To exploit an MtGOX-like bug on any exchange or system that may happen to have such a bug?

There's no "exploit" unless you use a custom software that uses "transaction ID's" as the only element to check transaction, and then you let someone to "social engineer" you by making you believe they never received the money you sent them.

If you use the reference implementation (bitcoind/Bitcoin-QT) your wallet will show BOTH transactions (the "malleated" and the original one) and will display the CORRECT balance, so there is really no way for you to be social engineered. If you use a custom implementation that only cares about txid, then probably the "malleated" transaction won't show up in your client/accounting system, leaving the door open to a social engineering attack.

TL;DR: whoever is trying to "malleate" as many transactions as possible is doing it either for shit and giggles, either for trying to spread some panic among novices and thus induce panic selling.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: ShroomsKit on February 11, 2014, 08:11:09 AM

Oh wow! Fiverr accepts Bitcoin! That's very nice news.
You can start panic selling now.

Never heard of the service. Can sellers be paid out in Bitcoin as well?

kehtolo

hero member

Activity: 707

Merit: 500

Quote from: kehtolo on February 11, 2014, 10:37:09 AM

I'm not sure who could be behind this, but it is obviously someone who doesn't like bitcoin, and wants to scare people off.

There is also a large scale spamming of the blockchain going on.

This is someone with (i would guess) considerable resources.

Or like suggested above, trying to cause another drop to scoop up more cheap coins.

HODL!!!!

kehtolo

hero member

Activity: 707

Merit: 500

I'm not sure who could be behind this, but it is obviously someone who doesn't like bitcoin, and wants to scare people off.

There is also a large scale spamming of the blockchain going on.

This is someone with (i would guess) considerable resources.

ShroomsKit

hero member

Activity: 672

Merit: 500

Looks like the sheep are getting ready. Any time now.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: JorgeStolfi on February 11, 2014, 10:33:02 AM

Quote from: Rampion on February 11, 2014, 10:20:35 AM

I'm getting most of my transactions "malleated" right now, so what? The original transactions never confirm, but the "malleated" ones do and they are registered correctly by Bitcoin-QT. You just see all your transactions twice, one is confirmed and the other will never be, so what? Balance is displayed correctly by QT because the standard implementation handles correctly malleated transactions.

What could be the motivations of whoever is doing this?

To exploit an MtGOX-like bug on any exchange or system that may happen to have such a bug?

To cause panic?

SELL!!!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29824. (Read 26710898 times)