What is the fuzz about blockchain.info all about?

NoIdeaAsWell

jr. member

Activity: 47

Merit: 5

Quote from: gonzos on August 04, 2015, 05:20:33 PM

Hey there,

I've not been following bitcoins alot until recently. Someone said that Satoshis Coins were moved but in reality they weren't.
so what's the big fuzz and how is it possible to fake people into believing that transactions took place when they didn't actually take place?
A site like blockchain.info should have some security measures....

right?
RIGHT?

Right.

GermanGiant

hero member

Activity: 784

Merit: 501

The guy who spoofed the Tx, confessed it on reddit...

https://www.reddit.com/r/Bitcoin/comments/3fv42j/blockchaininfo_spoofed_transactions_problem_aug_4/

He is a security researcher from Central Europe and did this using blockchain.info push tx facility.

ikydesu

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fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: gonzos on August 04, 2015, 05:20:33 PM

Hey there,

I've not been following bitcoins alot until recently. Someone said that Satoshis Coins were moved but in reality they weren't.
so what's the big fuzz and how is it possible to fake people into believing that transactions took place when they didn't actually take place?
A site like blockchain.info should have some security measures....

right?
RIGHT?

Looks like the problem has been resolved, https://bitcointalksearch.org/topic/m.12054275

But i'm still skeptic to use bc.i wallet. Better don't use it.

Quote from: Sarthak on August 05, 2015, 11:19:45 AM

Quote from: Muhammed Zakir on August 05, 2015, 11:15:53 AM

Who's "dorian"?

I guess he meant "Dorain Nakamoto"!
-snip-

jonnybravo0311

legendary

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Mine at Jonny's Pool

Quote from: Sarthak on August 05, 2015, 10:35:31 AM

Oh well! I did read a reddit post regarding this but i still didn't get it! So.. should i withdraw all my money from blockchain.info and store it in a destop wallet?If so, why? Thanks

The biggest reason why is that you don't control your private keys by using an online wallet like blockchain.info. Bitcoin Core is a pretty significant investment in terms of CPU usage, disk space, etc, and unless you are planning to support the network and run a full node, it probably isn't for you.

Sarthak

hero member

Activity: 518

Merit: 501

Error 404: there seems to be nothing here.

Quote from: Muhammed Zakir on August 05, 2015, 11:15:53 AM

Who's "dorian"?

I guess he meant "Dorain Nakamoto"!

Quote from: rokkyroad on August 05, 2015, 11:08:47 AM

Its just not feasible for people to use bitcoin core. 20 GB is too big unless you want to dedicate a machine to it. Not to mention the need for an exemplary internet connection.

Multibit HD and Electrum are good choices. Multibit HD has more features at this point but Electrum is close behind. I don't think there is much difference in security features or reliability. You can always install both and compare for yourself.

Downloading multibit HD, 85% completed Grin

Muhammed Zakir

hero member

Activity: 560

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I prefer Zakir over Muhammed when mentioning me!

Quote from: noideacoin on August 05, 2015, 11:12:47 AM

Damn it dorian we told you not to move those coins

now we have to alter our site to make it look like they have not touched

Who's "dorian"?

noideacoin

newbie

Activity: 52

Merit: 0

Damn it dorian we told you not to move those coins

now we have to alter our site to make it look like they have not touched

rokkyroad

legendary

Activity: 1090

Merit: 1000

Quote from: Sarthak on August 05, 2015, 10:55:37 AM

Quote from: Muhammed Zakir on August 05, 2015, 10:39:32 AM

They push buggy codes. Its always result is some problems, sometimes hacks and sometimes other errors. You should not put your money in an insecure wallet.

Just downloaded the bitcoin core..Heck, it takes 20 GB to synchronize... It will take me more than 2 months to complete synchronization! Which one do you suggest? Multibit or Electrum?

Its just not feasible for people to use bitcoin core. 20 GB is too big unless you want to dedicate a machine to it. Not to mention the need for an exemplary internet connection.

Multibit HD and Electrum are good choices. Multibit HD has more features at this point but Electrum is close behind. I don't think there is much difference in security features or reliability. You can always install both and compare for yourself.

Sarthak

hero member

Activity: 518

Merit: 501

Error 404: there seems to be nothing here.

Quote from: Muhammed Zakir on August 05, 2015, 10:39:32 AM

They push buggy codes. Its always result is some problems, sometimes hacks and sometimes other errors. You should not put your money in an insecure wallet.

Just downloaded the bitcoin core..Heck, it takes 20 GB to synchronize... It will take me more than 2 months to complete synchronization! Which one do you suggest? Multibit or Electrum?

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: Sarthak on August 05, 2015, 10:35:31 AM

Oh well! I did read a reddit post regarding this but i still didn't get it! So.. should i withdraw all my money from blockchain.info and store it in a destop wallet?If so, why? Thanks

They push buggy codes. Its always result is some problems, sometimes hacks and sometimes other errors. You should not put your money in an insecure wallet.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

I advice against having any funds in the blockchain.info wallet. I had some coins there, and I lost access to them for a week where the API would for some reason crash when I tried to access, and now the satoshi coins incident... i cant trust this.

Sarthak

hero member

Activity: 518

Merit: 501

Error 404: there seems to be nothing here.

Oh well! I did read a reddit post regarding this but i still didn't get it! So.. should i withdraw all my money from blockchain.info and store it in a destop wallet?If so, why? Thanks

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Buziss

hero member

Activity: 896

Merit: 1000

Those transactions are simply invalid, and no other block explorers have accepted them except blockchain.info. It looks more likely to be a bug on blockchain.info to me.

favdesu

legendary

Activity: 1764

Merit: 1000

Blockchain.info tweeted about it earlier. Looks like the TX was spoofed / fake.

ticoti

hero member

Activity: 854

Merit: 1000

The API could accept fake transactions so some people submitted fake txs and that txs appeared in blockchain.info explorer

misterycoins

sr. member

Activity: 249

Merit: 250

Funds attributed to Satoshi Nakamoto have not moved -- they are unconfirmed by the bitcoin network and likely spoofed. Blockchain.info has a bug implementation and believed bad transactions were real transactions.

98problems

sr. member

Activity: 364

Merit: 250

Quote from: gonzos on August 04, 2015, 05:30:51 PM

When I started on bitcoins, a wise man said:

Never trust online wallets. And I will keep it that way till I collapse.

i agree with you they face problems really often but its ok to keep small sums i guess you use every day

if satoshi really would have moved his coins this would have led to trouble i guess

gonzos

newbie

Activity: 14

Merit: 0

When I started on bitcoins, a wise man said:

Never trust online wallets. And I will keep it that way till I collapse.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

In blockchain.info, satoshi's addresses seemed to moved some coins to different addresses. which caused some speculation that satoshi might have returned when in reality, it is some errors on the pushtx API of blockchain.info. The problem seems to be persisting until now, but it doesn't matter. People have been used to the bugs and security issues on blockchain.info. If you guys have some bitcoins on their online wallet, remove it now if you don't want to get screwed.

Topic: What is the fuzz about blockchain.info all about? (Read 1115 times)