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Topic: Was Bitcoin shut down for 8 hours? - page 2. (Read 2573 times)

legendary
Activity: 3248
Merit: 1070
April 04, 2015, 09:42:06 AM
#30
Read the rest of the little tit's tweets. It's one long line of bitterness and FUD. And don't you think you would've heard something about it in a rather loud manner on every single thread on every single bitcoin forum and news source if it were true?

Is this even possible to shut down whole system by anybody?

you know that bitcoin is decentralized? no one can forcibly shut down anything, that's the point of a decentralized system, totally detached from anyone

the OP is referring to the forum btw

You are both wrong:

https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/

It is posts like these that I don't particularly like, people stating facts about Bitcoin that seem true, others see them and also believe them, yet they are furthest from the truth and the answer was already posted in the thread. This is the reason that people like patio11 exist.

FTFY

That's usually what is meant when someone says "impossible to shut down".

If you want to forcibly shutdown the bitcoin network temporarily, you can do so with a 51% attack, a Sybil, or exploiting bugs/exploits in Bitcoin Core (which is arguably what the March 2013 issue was, someone could've exploited the situation to double spend coins, IIRC OKPay had a transaction double spent). It is incredibly difficult to do, but it is POSSIBLE, and those who say otherwise are misinformed.

51% isn't shutting down, it's just a cintrol over the network, if you stop the attack the network will return alive

let me rephrase it, it's impossible to shutdown bitcoin permanently
hero member
Activity: 1582
Merit: 502
April 04, 2015, 09:41:11 AM
#29
What a nerd.



^ @patio11

Not a nerd, he is uneducated....
Nerds know the difference when a website is down and when a P2P system (that cannot and will not ever be down) being down.

Apart from that, the answer to this crap was already given by Franky:

bitcointalk (this website) which is only a forum and NOT a blockchain NOT a currency.. just a website... was down for several hours a couple days ago...

seriously people need to learn the difference or if they know the difference, atleast explain it better.

its like saying wall street trading markets stalled.. where the reality would be that the financial times newspaper was late to press
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 04, 2015, 09:30:13 AM
#28
If you want to forcibly shutdown the bitcoin network temporarily, you can do so with a 51% attack, a Sybil, or exploiting bugs/exploits in Bitcoin Core (which is arguably what the March 2013 issue was, someone could've exploited the situation to double spend coins, IIRC OKPay had a transaction double spent). It is incredibly difficult to do, but it is POSSIBLE, and those who say otherwise are misinformed.

So, we're establishing facts here.

It's incredibly difficult/highly resource intensive to do, and only temporary. Whereas, when everyone is convinced to co-operate, the network can be shut down very effectively.

"Impossible to shut down" makes it sound like some kind of perpetual motion runaway train, and that's clearly absurd.

So, in summary, the network is exceptionally resilient in practical terms, but also not so unwieldy that it can't be stopped when the actors agree to do so. And also that absurd comparisons are absurd.

Yup.  Looking at the big picture, 10,000 years from now, civilization as we know it has been shutdown.

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 04, 2015, 09:27:39 AM
#27
Bitcoin is also bankrupt.  It's true.  It was in the news somewhere..


Was that after bitcoin CEO's death, or before? Maybe he committed a suicide after he went bankrupt?

Bitcoin CEO found dead somewhere deep in Amazon.
Is bitcoin doomed? Is it going to die now?

It was before.  Bitcoin had no CEO that's why it went bankrupt.
legendary
Activity: 3430
Merit: 3080
April 04, 2015, 09:22:06 AM
#26
If you want to forcibly shutdown the bitcoin network temporarily, you can do so with a 51% attack, a Sybil, or exploiting bugs/exploits in Bitcoin Core (which is arguably what the March 2013 issue was, someone could've exploited the situation to double spend coins, IIRC OKPay had a transaction double spent). It is incredibly difficult to do, but it is POSSIBLE, and those who say otherwise are misinformed.

So, we're establishing facts here.

It's incredibly difficult/highly resource intensive to do, and only temporary. Whereas, when everyone is convinced to co-operate, the network can be shut down very effectively.

"Impossible to shut down" makes it sound like some kind of perpetual motion runaway train, and that's clearly absurd.

So, in summary, the network is exceptionally resilient in practical terms, but also not so unwieldy that it can't be stopped when the actors agree to do so. And also that absurd comparisons are absurd.
legendary
Activity: 3542
Merit: 1352
April 04, 2015, 09:16:06 AM
#25
Is there any truth to this tweet?
https://twitter.com/patio11/status/583701441866371073

Patio11 is generally well respected and even though I have been in Bitcoin for a long time, I never heard of this 8 hour shutdown.

His tweets are getting lots of coverage right now.

(The entire tweet storm starts here: https://twitter.com/patio11/status/583696870704152576)



He seriously needs to know the difference between the Bitcoin network and bitcointalk.org
It is true that the website is down for several hours, but the bitcoin network isn't. If that happens, that means all the miners in the world turned of their hardware or a major hack happened (which are very unlikely to happen). Get some facts straight before posting anything to the social media or else you'll get criticized by many people.
copper member
Activity: 434
Merit: 2
April 04, 2015, 09:15:11 AM
#24
Bitcoin is also bankrupt.  It's true.  It was in the news somewhere..


Was that after bitcoin CEO's death, or before? Maybe he committed a suicide after he went bankrupt?

Bitcoin CEO found dead somewhere deep in Amazon.
Is bitcoin doomed? Is it going to die now?
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 04, 2015, 09:11:49 AM
#23
Bitcoin is also bankrupt.  It's true.  It was in the news somewhere..
hero member
Activity: 658
Merit: 500
April 04, 2015, 09:11:17 AM
#22
I'm sure you're talking about Bitcointalk instead of Bitcoin.
copper member
Activity: 434
Merit: 2
April 04, 2015, 09:08:53 AM
#21
Bitcoin CEO found dead somewhere deep in Amazon.
Is bitcoin doomed? Is it going to die now?
sr. member
Activity: 322
Merit: 250
April 04, 2015, 09:08:24 AM
#20
I don't think "double spend" and "shut down" mean the same thing to most people.
staff
Activity: 3304
Merit: 4115
April 04, 2015, 09:04:22 AM
#19
It is incredibly difficult to do, but it is POSSIBLE, and those who say otherwise are misinformed.
Or ignorant.
hero member
Activity: 882
Merit: 1006
April 04, 2015, 09:01:31 AM
#18
Read the rest of the little tit's tweets. It's one long line of bitterness and FUD. And don't you think you would've heard something about it in a rather loud manner on every single thread on every single bitcoin forum and news source if it were true?

Is this even possible to shut down whole system by anybody?

you know that bitcoin is decentralized? no one can forcibly shut down anything, that's the point of a decentralized system, totally detached from anyone

the OP is referring to the forum btw

You are both wrong:

https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/

It is posts like these that I don't particularly like, people stating facts about Bitcoin that seem true, others see them and also believe them, yet they are furthest from the truth and the answer was already posted in the thread. This is the reason that people like patio11 exist.

FTFY

That's usually what is meant when someone says "impossible to shut down".

If you want to forcibly shutdown the bitcoin network temporarily, you can do so with a 51% attack, a Sybil, or exploiting bugs/exploits in Bitcoin Core (which is arguably what the March 2013 issue was, someone could've exploited the situation to double spend coins, IIRC OKPay had a transaction double spent). It is incredibly difficult to do, but it is POSSIBLE, and those who say otherwise are misinformed.
hero member
Activity: 882
Merit: 1006
April 04, 2015, 08:59:38 AM
#17
It appears that OP has no common sense. Everybody knows that a P2P network with 7000 connected peers can not simply be shutdown.

It appears you are the one without sense as you haven't even read the thread.

https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/

Anyone remember Napster?
sr. member
Activity: 242
Merit: 250
April 04, 2015, 08:58:34 AM
#16
It appears that OP has no common sense. Everybody knows that a P2P network with 7000 connected peers can not simply be shutdown.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 04, 2015, 08:58:29 AM
#15
What a nerd.



^ @patio11
legendary
Activity: 3430
Merit: 3080
April 04, 2015, 08:55:06 AM
#14
Read the rest of the little tit's tweets. It's one long line of bitterness and FUD. And don't you think you would've heard something about it in a rather loud manner on every single thread on every single bitcoin forum and news source if it were true?

Is this even possible to shut down whole system by anybody?

you know that bitcoin is decentralized? no one can forcibly shut down anything, that's the point of a decentralized system, totally detached from anyone

the OP is referring to the forum btw

You are both wrong:

https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/

It is posts like these that I don't particularly like, people stating facts about Bitcoin that seem true, others see them and also believe them, yet they are furthest from the truth and the answer was already posted in the thread. This is the reason that people like patio11 exist.

FTFY

That's usually what is meant when someone says "impossible to shut down".

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 04, 2015, 08:50:28 AM
#13
hero member
Activity: 882
Merit: 1006
April 04, 2015, 07:34:28 AM
#12
Read the rest of the little tit's tweets. It's one long line of bitterness and FUD. And don't you think you would've heard something about it in a rather loud manner on every single thread on every single bitcoin forum and news source if it were true?

Is this even possible to shut down whole system by anybody?

you know that bitcoin is decentralized? no one can shut down anything, that's the point of a decentralized system, totally detached from anyone

the OP is referring to the forum btw

You are both wrong:

https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/

It is posts like these that I don't particularly like, people stating facts about Bitcoin that seem true, others see them and also believe them, yet they are furthest from the truth and the answer was already posted in the thread. This is the reason that people like patio11 exist.
legendary
Activity: 1778
Merit: 1043
#Free market
April 04, 2015, 07:33:07 AM
#11
Is this even possible to shut down whole system by anybody?

you know that bitcoin is decentralized? no one can shut down anything, that's the point of a decentralized system, totally detached from anyone

the OP is referring to the forum btw

If all the miners shut down their hardware machines the blockchain will "stop" and die. Because who confims all the transaction? The reply is the miners.

...
This is so true and it is such a joke, take for example the Dorian Satoshi incident or the "Bitcoin CEO is dead" reports, however it's not just Bitcoin. The media are so incompetent at their jobs period.

I agree with you and I have stopped to watch the mass media on the television. My unique source of info is internet.
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