Bitcoin Forum

Just wondering what peoples thoughts are on this?

The way I read their PR thing is that they are using this attack as a way to promote their business because their customers won't be effected because of Coinwallet.eu fucking shit up for the rest of the unknowing folks.

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

The mempool is growing but the high fee spam txs are not being mined. Lower fee 'normal' txs are getting priority. Must be large mining pools defense against the spam attack but interesting to see them leaving money on the table when they make a block.

https://de.reddit.com/r/Bitcoin/comments/3jczdz/looks_like_coinwallets_spam_transactions_not/

Stress testing a product is part of every sound engineering process that wants to improve a product and make it more robust. While very inconvenient when this happens it can only get out stronger. The problem here is that testnet can't simulate every real cases.

No.

You and I both know sound engineering isn't the reasoning behind these attacks.  They are attacking the network trying to force a sketchy ass fix.

Perhaps Coinwallet.eu could use some stress testing on their product to assure their engineering is sound... you know... to help make it more robust.  ::)

Never, they're just FUDing IMO maybe supporting Xt with that, dont know what they hope to achieve with it, bad publicity. But well like the saying "Every publicity is a good publicity"

Dunno who they are, but I'm pretty sure Coinwallet.eu has no business. It's just a front for someone's agenda. Stress testing in principle is important but I don't see why it has to drag on for days on end. We already know what'll happen.

A decentralized system can't be improved without receiving attacks that reveals vulnerabilities. People don't give a shit until shit happens, that's a cold reality specially when improvements are hard to make. Bitcoin is supposed to be a robust open system that can handle the behaviours of every bad actors. If it can't, it's because bitcoin is not robust enough.

It's illegal to do a DOS attack on Coinwallet.eu from the UK.

http://www.theregister.co.uk/2006/11/12/uk_bans_denial_of_service_attacks/


Why isn't it illegal for them to do a stress test on Bitcoin, because it's a very close to a DOS attack on a website? I don't understand why a legit UK company can get away with this behavior. If it's not illegal in the UK then some new laws against it need passing.

i agree (like most of the times  ;) )

stress test the fuck out of it!

It's really cheaper to attack the Bitcoin network :)

I agree, proper stress testing is valuable.

HOWEVER, some people depend on the blockchain for income and my preference would be for intellectual peaceful debate or protest rather than harmful disruption.  Neither CoinWallet.eu nor Bitcoin does well out of this.

Yes but it is still better now than when MORE people will rely on the blockchain.

Why is it necessary for them to "stress test" it a third time? They have already done it once, someone else (or perhaps still them) did it again some time after that. Why do they need to do it a third time when absolutely nothing has changed since the last "stress test"? We already know what happens, what is the point of doing it again?

Why, to reveal a certain vulnerability and make everyone believe that we needed a quick fix immediately.  ::)


Testnet cannot simulate all real-time problems. If testnet could handle such cases, there would be no need to attack the network in this way.

Probably because they need it faster than you and I do and they are putting their money where their mouth is.

Either way, bitcoin is an open network so they are free do to whatever they want.

Agreed on the last bit, but creating a problem to force a solution is different from a natural-occurring problem with a carefully-planned solution.

Btw, when was the attack going to take place?

Yes, I believe this as well.
It is most likely a fake company created for a purpose of covering (1) an actual attack, or (2) a real world system test.

Coinwallet.eu is not an actual business and will one day disappear.

If Coinwallet.eu are the FED... there is no telling how many BTC they have stashed from selling cocaine (and such) to the SR vendors.

How do you know if they are not making this stress test because they are ready or soon to be ready to use the blockchain with shit load of transactions?

We don't but that is my feeling. Otherwise it would be pretty stupid to spend that much money for this stress test.

But they have already done two stress tests before, so why do they need a third? Honestly, I think that they are doing this stress test to push an agenda, to get a quick response and implementation of a big block proposal (probably BIP 101). This is not the proper method to go about doing so and should most definitely not be done.

I am in favor of "stress testing" coinwallet.eu back. Does anyone have an ip for their server or node(s)?

That's teh spirit ;D

Who the hell knows why are they doing it, only they know for sure and we are just guessing!

Yes, they might be promoting their business, that's a sound assumption. But also it is possible that they are affiliated in some way with the XT success and they are doing it so that XT can successfully for the network.

They might be also doing it because they want the best for Bitcoin, to show that we need bigger blocks and that we can't stay on 1MB, if we would have a surge of new users over the night.

Go and pick one of the three, they are all possible IMHO!

Not in favor of dos'ing these guys (although they do deserve it...). The reason is, they might be mad and retaliate and we really should't be giving them much attention...

I agree to not retaliate. They are acting wrong, blocking lots of users (I have two transfers waiting for hours now), but we cannot fall in the same actios or it would be chaos.

Eye for an eye makes the whole world go blind I suppose.

I wouldn't DOS them on the basis of the stress test, prima facie. But I'd consider it since they are using it to advocate the use of 3rd party web wallet services which are "immune" to such tests.... :P

Seems like the  Stress Test hasn't started yet, has it?

Who is going to sue them? The CEO of Bitcoin? lol
Besides, they are not a legit UK company. I also don't think, they care, if you DDOS them.

Yep, same here.

No. The current "stress test" attacks on Bitcoin work and can actually be profitable because the fixed 1 MB blocksize limit is a fundamental flaw in Bitcoin. Stress testing the messenger (attacker if you wish) is not going to solve the problem, quite apart from the legal ramifications of such action.

"problem reaction solution" hmmm, let me put on my thinking cap and try to think where have I heard this before??

https://i.imgur.com/E9rE3Xk.jpg

Online off-chain wallets have never been a good idea. See: inputs.io. You only own the coins if you're the only one with the private keys.

Can you give an example of how this attack can be profitable?

Are there alternative mechanisms to specifically address this type of spam, rather than simply increasing block size (presumably infinitely, if I recall your position correctly)?

how much are they paying in fees to put on this show?

can they seriously backlog the system 30days as they suggested?

how do miners determine a particular TX is spam for this attack? 

It can be profitable if they manage to get people to write stories about them, because it could cause people's transactions to take longer to confirm. It's an advertising gig.

Seems like the stress test has ended now, transactions are going faster than yesterday at least.

Rumor is real test starts Sept. 10

I really like CoinWallet.eu spaming the network, i think i'll look into there service and use it.

LOL!!! these guys offer cash in the mail withdrawals for selling BTC to them without any varification

these guys are going to get shut down.  :D

Perhaps we should develop standards for dust transactions above a certain threshold of outputs.

make some BIPs about that and have miners vote on it!  :P

The attack is actually a joke, just add the following to your bitcoin.conf and it won't have any effect.

The attacker simply increases the transaction fee at no cost to the attacker. There is a lot more to this attack than meets the eye. https://bitcointalk.org/index.php?topic=1157584.msg12277703#msg12277703 (https://bitcointalk.org/index.php?topic=1157584.msg12277703#msg12277703).

Noticed this post right under yours.

https://bitcointalk.org/index.php?topic=1157584.msg12277835#msg12277835

If the attacker doesn't pay at least 0.0005 BTC per transaction my node doesn't include it in the next mined block nor does it relay the transaction. The attacker isn't the one setting the transaction fee here; he's merely influencing the minimum fee I charge based the maximum he's will willing to pay for his spam.

So unless you want to include disinformation, no there's not a lot more to this attack than meets the eye.

So, how many of these transactions are they going to be putting out, does anyone know? With what fee?

Not so fast. How does this hypothetical mining coalition anticipate nodes individually setting different minrelaytxfee from one another? You are approaching this as if the attacker is omniscient regarding the totality of differing minrelaytxfee that individual nodes are using. It's an interesting theory, but it occurs to me that this is highly speculative on the part of the would-be attacker.

no. they tested the network already. all they do is waste their time and money.

and make me pay 2 cent more per tx... whatever

Just shooting a bullet into the air, but could it be that they are in some way affiliated to WU or MoneyGram ?
https://www.coinwallet.eu/options and in doing this, they want to highlight the inefficiencies of Bitcoin for people to stay with WU and MoneyGram? It's a long shot, and I am just making a assumption based on their linked services.

What else can they gain from dumping massive amounts of money into a bottomless money pit? These tests can become very expensive and I see no reason why people would just dump money into a fire?

They have no other way to try and convince people that bigger blocks are needed NOW, which is false.
So far they are not doing a good job, but hey, what are their options?

Its hilarious how desperate these fudsters are.

Whatever power is behind this agenda, Its good: means they fear bitcoin as it is 8)

I really want to see a much larger scale test, when every block is full and then we can observe if the orphan rate of blocks will increase significantly (which indicated that miners might change their behavior when blocks are getting bigger). But it seems that the majority of the nodes have learned the trick to filter their spam transaction, even their IP, so this time the attack would only reach very limited number of nodes and packets were quickly dropped

Maybe we should do our own "stress test" of coinwallet.eu... Just sayin'.

Watch the https://www.blocktrail.com/BTC for updates about "Unconfirmed Transactions",  "Optimal Fee / Kb to get into next block" and "Low Priority Fee / Kb to get into a block within 2 blocks".

Coinwallet.eu that conducts the stress test has some BTC to lose to promote their shady operations and miners will get more profit from the increased tx fees..

If I conduct a web Traffic attack against coinwallet.eu and name it "capacity stress test" to prove that their infrastructure is not big enough to handle future increase in their customer base, I will be a criminal breaking the law in UK because I wasn't invited by coinwallet.eu to conduct the test. The same, I think, applies to their stress test because nobody has authorized them to conduct such a test against the Bitcoin infrastructure with consequences such as delaying transactions, but they feel safe because the Bitcoin infrastructure has no owner to file a lawsuit against them claiming damages or loss of profit.
I think the Bitcoin foundation can create a bounty / donation address to raise money so that it can hire a law firm to study the cyber security laws and how they can file a lawsuit against them or anyone with criminal behavior against Bitcoin infrastructure.

I think that was the whole purpose of the OP ::)
Just sayin' ;)

I think they are free to do anything they want to. I don't see it as an act of vandalism or any sort of action that tantamounts to sabotage. At least it tells us one thing, that bitcoin is obviously not ready for future acceptance.

The fact is that they don't tell us something new or something that we don't know, so their action is just vandalism or they try to promote their shady operations.
The miners don't have any problem from that, on the contrary they get more profit from increased tx fees, only the end users suffer some tiny BTC losses or delays.

The only thing it tells us is that there are some  fancy boys out there willing to flush their money down the drain in order to create some FUD. Include a reasonable TX fee and you'll get confirmation in the next mined block.

Unless they're willing to flush more than a few million dollars worth of BTC they're not clogging up shit. Buying a few mil worth of BTC would also drive the price up negating the whole FUD scenario. They can't win, it's like watching a reeled in fish flopping around on the floor of a boat.

coinwallet.eu is under "stress test".

https://i.imgur.com/Nwys4A0.png

Somebody get this man a beer.

Haha :D

I don't know why people care about coinwallet.eu at all. They can't succeed anything without community support. That's very bad marketing strategy for them.

This is the best idea in the whole wide world. But I did not know of these folks until this debacle 😳

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

Looks like they need CoinWallet XP.

Hours later, still going strong: http://downforeveryoneorjustme.com/coinwallet.eu

Immune to this sort of attack, they say? :D

hehehe :D

This is what makes bitcoin great.

They appear to be back up.

Down again.

I was in the "don't DDOS them" camp until I realized they were pushing a 3rd-party web wallet agenda. That's scummy. Wouldn't even surprise me if these stress tests were an expensive attempt at advertisement, with the end game of eventually pulling an epic exit scam. ;)

I've been periodically checking https://tradeblock.com/bitcoin/ This shit is nothing. Are nodes doing a much better job of filtering or is this attack wimpy? Right now tradeblock is saying the mempool is only 2.47MB.  I remember the mempool was at 50MB+ in earlier attacks.

What CoinWallet.eu is doing harms the reputation of Bitcoin. With them stressing Bitcoin, people who are unaware of this and pays a slightly lower fee would result in their transaction getting stuck on the blockchain. Especially if the transaction requires one confirmation to be processed. People who see this stress test would think that Bitcoin isn't as fast as other payment methods when it comes to daily goods and they would be less inclined to use it.

well, bitcoin can handle ddos much better than coinwallet it seems. sweet irony

For me yes why not ?

Aaaaaaand they are down again.
"It's not just you! http://coinwallet.eu looks down from here. "

Nope not for me. Still down. And to be honest I wouldn't care if they stay down. Spamming the network the way they do and at the same time making propaganda for their own wallet is beneath contempt. F*** them I say!

downforeveryoneorjustme.com says it's up again, but I've cleared brower history/cache repeatedly and can't resolve the page. It did seem to come back up after 6-8 hours yesterday. Seems someone is definitely messing with them. ;D

CoinWallet.eu is totally down right know
https://i.imgur.com/7IRzv0h.png

Down on this end as well again.

https://www.reddit.com/r/Bitcoin/comments/3jjnnz/attacking_bitcoin_in_the_uk_offences_under_the/cupuun0

From Mike Hearn's reply to coinwallet.eu:

...

OK, I did my good deed of the day and dropped by https://coinwallet.eu/.

Got an error message (blue coloring mine):

This webpage has a redirect loop

ERR_TOO_MANY_REDIRECTS


Ha ha ha! 

Maybe I'll drop by again...

lol, classic Mike Hearn. threaten people with prison.

Coinwallet.eu's address is as real as the one Coinbase lists as their address.

I don't know where Mike is going with that one...  ::)

Ugh I don't know what to believe any more. Either way, these kind of shady dealings just make btc less viable in the eyes of the larger population. Piracy hacks lies and manipulation are no way to gain legitimacy. Not in the best of times. No one even knows what's really going on.... Way to put the uncertainty and doubt into FUD guys!

Why does he think that the address is fake? I don't really understand these devs.
I don't think any stress test can hurt Bitcoin. Mempool looks normal now.

Because Coinwallet.eu is using a virtual office (https://en.wikipedia.org/wiki/Virtual_office).

Coinbase does at well.

Mempool as I type this is 300kb. What happened to the month-long backlog?

coinwallet.eu IS a fraudulent organisation. And they have left some traces which could lead to them. So Mike Hearns is right: They could face criminal AND civil charges.

What do you mean, exactly? How have they committed fraud?

Sometimes I wish we had a popcorn emoticon.

Apparently the real test starts Thursday.

Wondering what will happen. If it causes a serious disruption, the price (and reputation) of BTC could really plummet   :/

As I type this post, mempool is at 273 kB. I wonder how would they create a 30-day backlog in the network?


Oh I see, so better to get those transactions done by now, I guess. (Or not, lol.)  ::)



Just wth happened to them?

As you may have noticed, I called it an organisation, not a company.

But that's only a tiny detail.

Have you seen their site? They claim to be based in Europe, with a presence in North America and Asia and to offer there
Now they have disabled their site. So nobody can access their wallets anymore. So would this be fraud or not?

Wait - they never did any business? They only set up this homepage with all this fake information - to hide themselfs before starting the "stress test"? Unknown persons, using fake information about themselfs, conduct a "stress test" for - what for? If they were a business, they would disable their clients to withdraw money in time. Which would be called fraud. If they were a business and have developed a wallet which would enable their clients to withdraw and deposit bitcoins faster than any competitor during a stress test - this would be fraud.

But right, I forgot: They don't exist as a company. They use their fake service and fake names when talking to the press for hiding their real identity. So why do they hide? Right: They try to delay payments. There have been many cases in the past all over the world in which payment systems were interrupted or attacks had the goal to delay payments. And yes, I must agree that I was wrong: These cases were not labeled "fraud" - but simple criminal acts.

It's all just a cheap publicity stunt if you ask me.  Trying to invoke fear into people to switch to their wallet and getting their name and service out there.  I know I'll never use their service.

Have you ever tried to use their services? Not existing...

Sounds like most the other Bitcoin services as well.  ::)

Regardless of what they are I suppose it is what it is at this point.

One reason to raise a red flag on their actions regarding this stress test. ;) Using fake identities and other fake info regarding their service is already a sign of something fishy,

can't wait to see how much money the blew away. apart from that, I will just use a little higher than usual tx fee.

Coinwallet.eu is back online from my end.

It's clearly not a real service of any type. It's a front and nothing but. Someone else said they attempted to open an 'account' and amazingly enough nothing came through.

What's really weird is how Coindesk is reporting. They claim to have talked to a James Wilson, COO at CoinWallet. However, when posting comments at Coindesk asking in which jurisdiction the company is located or if there is any information who's behind Coinwallet, the comments are immedeately deleted.
I'm convinced that no "James Wilson" exists at coinwallet.eu. And thus, Coindesk isn't conducting any journalism, but paid PR.

I opened several accounts and tried to send them my money. However, they never ever reacted.

At least, they have in the KYC-section an important text:



All you can do: Send them your Bitcoins. That's what I did (some dust). Since then, not a single support request was answered.

Instead, they claim to work now with OkCoin, BitFinex, BitMex and TeraExchange, selling BTC-bonds to clients.

Still convinced that this all is a fraud.

I support the CoinWallet.eu stress testing since we must push bitcoin to is limit. If bitcoin can't handle a stress test then how is to going to handle the future transactions of millions of users ? The stress tests also deliver important data for bitcoin development which are necessary for the block increase.

I opened my very own account just now. Didn't realise they provided an address so they could spend your money on spamming. That's pretty shitty. There wasn't even a confirmation email.

I just accessed the coinwallet.eu web site successfully.  However, I note that the SSL certification does not show extended validation (green icon on Firefox) like one sees with respectable financial services, e.g. banks, Paypal, Coinbase, etc... If they had extended validation it would show that the certification authority has reviewed their corporate documents. This would show that they are an active business with physical existence, and a physical place where one can serve legal process on the company. For a financial business to operate without extended validation warrants suspicion.

https://en.wikipedia.org/wiki/Extended_Validation_Certificate (https://en.wikipedia.org/wiki/Extended_Validation_Certificate)

Yes, Bitcoin needs to be able to withstand attacks like these.
However they should have tested with some altcoin or on the testnet.

i not support coinwallet.eu because i think coinwallet.eu will not work for long time this can be hacked easily by many hacker i think money will  not safe in this wallet there will be  many risk in this wallet use this wallet at your own risk time will be tell about this wallet.

I liked the stress testing at first (I meant the first time that it happened) but continuing it has only one result and that is just to mess with the users by making them wait long times for confirmation.

...

In the spirit of public service, I just pinged them (coinwallet.eu) five times, their site came up FAST each time.

Ah well.  What can an individual do vs. a company (even if a scammy one) employing pros...

Can we even confirm those guys are legit?  I don't hear about ppl doing business with them.  I just only heard of them being syndicated from the usual btc rag circuit - disclaimer:  I'm not omnipotent nor omnipresent I don't know what is out there or what business presence they have elsewhere.

I linked your reply here onto Reddit and decided to also give them a closer look.  So far my findings:

Their Address on the website is to Felicia Trading (https://www.bing.com/search?q=78%2C+York+Street+London+W1H+1DP), which is a Virtual Office (Certainly No harm nor Foul, just info for everyone else).  Looks like it costs them about £586 Per year (http://www.78w1.com/prices) to do business.  Found the Lorem Ipsum Page and its confirmed:

http://puu.sh/k4VZX/c42c81d228.png

Selecting Cash In Mail Reveals the True Address (or at least a forwarder in Canada that suggests for you to mail envelopes of cash):

http://puu.sh/k4Wgy/ffb03cb511.png

Legit Businesses NEVER allow this because it places unlimited liability on them, their employees, the mail carrier, etc.  You can mail cash, but if you attempt to take out an insurance claim against it, it will never be filed and it may be flagged and potentially confiscated.  There are reasons that as seen on TV advertisements tell you Don't Mail Cash.

Can't find any more info about that address listed except for that its maybe a business center with other businesses in the complex. 

Biggest red flag:  What sort of Exchange lets you buy BTC but you CANT withdraw that purchased BTC?

I talked to Gavin about using iXcoin as a live testnet but they never delivered the software package needed for the 20mb stress test.  So now it looks like Bitcoin itself will be the live testnet.  I'm excited to see what happens.

Lawyers think the stress test is illegal http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/
If this is true it would extend to all EU, USA, Canada and Australia which have similar laws in place.

It does generate them a lot of publicity, being positive or negative and even caused people in this thread to open accounts. I'd say they are doing quite well for themselves, not the network ;)

i expected that. be very careful with this "wallet" or "exchange"! use something else!

This is nothing other than a PR stunt to put them in the spotlight. Good or bad press bring traffic to their site and they bargain on this to bring in more business. I sometimes wonder if they would have appreciated the same

kind of sobotage on their sites or service? Let's say someone launch a prolonged DoSS attack on their site and it goes offline for a few months... would that be appreciated by them?

This could also just be a front for something else... Time will tell, if this PR stunt would backfire on them.  ;)

Bitcoin is backed by all the money and power in the world yet these guys are attacking it for the 3rd time and nobody can stop them.

Is this really that difficulty to figure out?   ;)

to it just looks like a desperate attempt to get some publicity. which i think is just bringing them hatred. this is going to come back and bite them in the ass after some time though.

i wonder if anybody or any group has any plan of performing some attack on their website just to get even because they technically are stress (testing) attacking bitcoin.

Why would they need publicity? They are no real business, just some sort of scamming organisation.

What really is weird how "journalists" from CoinDesk act in this case. This isn't journalism anymore, but becoming partner-in-crime.

[edit]

However, I've filed a formal request with the Canadian and British authorities, for Coinwallet is definitively violating the AML-laws, especially S.C. 2000, c. 17. So by now, the authorities should start an investigation regarding possible violations of the Anti-Terrorist-Act.

Come on Bitcointalk, where's your research face?

https://i.imgur.com/tMWpm9p.png

We go to "deposit" a "bank draft", and are told we should make it out to payee 1009926 B.C. LTD. Stupidly with all these "methods" we are told to blindly send them money, but give them no way of identifying that the money they receive is owned by a particular account.

https://i.imgur.com/2tWjPNx.png

The company we are interested in was registered in August 2014, so it's either completely fake or for some reason hasn't been used before (I had a look around, there's no results for this particular canadian buisness number to be found anywhere).

https://i.imgur.com/LBffYol.png

The company number does exist in the database of the Candian government, but it appears to be a reassignment, this result is from 1986. It turns out for some reason financial services are exempt from being listed in public record. Might be worth while if someone in the US or Canada can contact a government office and see if there's a way to get information about them this way?

https://i.imgur.com/ffPfNKi.png

This address in particular is fairly useless, it's a remailer/virtual office located in Canada, this is fairly interesting because it's pretty off the beaten track and nowhere like the UK based address they claim on their website.

https://i.imgur.com/MkEdlTK.png

The website doesn't have a shitty CloudFlare configuration so they don't leak their host, however, the nameserver pair they use might expose something interesting.

https://i.imgur.com/Ab5nQkn.png

The pairs of names CloudFlare assigns is unique to the user account that adds the domain, so either coinwallet.eu is related to ibookair.net and lauincherfenix.com.ar, or someone just got unlucky and has the same pairing as them. Useless information now but might be interesting in the future.

https://i.imgur.com/VnxSdye.png

Their email sending configuration is a bit weird, it uses mandrill as a proxy to avoid exposing their server behind cloudflare. Mandrill leaks the user ID of the person who made the account in the headers, which might be useful to compare with other dodgy services to see if there's any matches that might expose more about them. Specifically if you search "X-Mandrill-User: md_30632414" on your raw mailbox files we might get somewhere interesting, there's currently no results for that sadly.

https://i.imgur.com/rUkmXFP.png

The wallet they use can be found on walletexplorer as https://www.walletexplorer.com/wallet/000babbf8d1cc6e6 . Doesnt look like they have a particularly huge business but you can see some of their spam going in and out in the older sections of the page.

http://regex.info/exif.cgi?url=https%3A%2F%2Fwww.coinwallet.eu%2Fassets%2Fimg%2Flogo.png

We bust out the EXIF viewer, and find that their logo was created 3 months 17 days ago, using Adobe Photoshop CC on Windows. Most importantly, we now know the creators timezone is GMT+1. This timezone appears to suggest the person who created the logo was located in Algeria, Angola, Benin, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Republic of Congo, Equatorial Guinea, Gabon, Guinea, Niger or Nigeria.

I've also requested for the WHOIS information on the domain coinwallet.eu to be unmasked by the registry.

i mean some sort of advertising their scam services. they are attacking the bitcoin network and claiming that our service is not affected.
so in other words they are trying to attract more victims to their website.

Duh. That's why there's a new section:


https://www.coinwallet.eu/bonds

I concur. Things on the internet have really taken a turn, because sometimes negative publicity can go so far that it eventually starts becoming good publicity. They're going to draw a lot of attention to them and eventually divert it from the original shady thing that they were doing. I'm strongly against this 'stress' test which is an actual attack. If they wanted to stress test, then they would have done so on the test net. The question is, do we support using the same methods to get back at them?

OP changed in order to edit their name out for less publicity to them.

I don't know how much help that is going to be since their name has been mentioned several times in this thread.

Its war. Talion's law prevails.

I don't agree with what they're doing, I think it's ridiculous, we all know what's going to happen. It's not a 'stress test', it's a 'spam fest'. It's a bull shit, spamming, self promoting waste of time.

I don't know why they think they have the right to do this.

@q34857

good analysis, thx.

Well anybody can do anything they want, specially with the Bitcoin network since it is decentralized and let's you do so with it.

It is not that I approve what they are doing. I think also there is some hidden agenda behind them wasting the amount of BTC that they said they will use. It might be very well for self promotion. If this thing will last as they said, 30 days, I am sure everyone in the Bitcoin world and many outsiders will know about Coinwallet.

i agree with LFC_Bitcoin, it doesn't matter that bitcoin network is open to everyone and it is decentralized. what they are doing (or planning to do) is a spam attack and they are trying to hide it behind the fancy word of "test".
since it is harming the network by delaying other users transactions then it is not right.

Although I know that these "stress tests" are mostly spam attacks with not-very-nice background (even promoting services "not affected" by "issues") and even if somebody may hate me for telling this, I think that Bitcoin needs such tests from time to time because they can reveal true problems too.

The one coming into my mind is that not all pools play fair and include as many transactions as possible (and I don't talk about the 0-fee transactions).

So yeah, I'd say let them "test". If the devs fix the problems (and this one doesn't need any block size increase!) at some point their tests will pass unnoticed or barely noticed. And then we will know that Bitcoin reached another level of maturity and the spams will end because it will become pointless and boring to sustain them.

I don't hate you for stating that, but you're wrong. Exactly what would test-net be for then? Having fun? This is not a 'test' of any kind but rather a planned attack. Obviously 'someone' is going to have financial gain because of such an attack. If you want to play around and run various tests then do it on the network that was specifically designed for that.

A lot of people have complained during the previous test. We will have to go through this all over again and tell people to include even higher fees.

---

---

Update:
I doubt that the developers are going to reach a compromise soon. I would blame physics anytime.  :D

Testnet and "real world" may behave way different with such tests. With the issue I talked about, I doubt that on testnet some miners are fair and some not. Would you have found that out on testnet?!
I stated from start that I believe too that such attacks are evil and for some groups' gains.

I know that a lot complained on the last test. And I know that businesses should not be affected by such attacks.
But then I'd say let's ask the devs stop the block size war and focus on the real problems.

Whose problem is if your boat has a hole in it and the water is pouring in? It's the sea's problem that it has too much water, it's the laws of physics unfair, or you should fix your boat? (sorry if my English was not correct in this)

Looks like they've retired the idea.

https://www.reddit.com/r/Bitcoin/comments/3k6o07/coinwalleteu_bitcoin_stress_test_fraud_accusation/cuvk26k

That's if it's genuinely them on Reddit. Quite possibly not.

They also posted here: https://bitcointalk.org/index.php?topic=1175321

I think they rethought their criminal liability in the face of real legal opinions http://www.coindesk.com/bitcoin-spam-tests-could-violate-uk-law/

Of course now they have released the keys of free money which will take many megabytes to spend... sigh.

Why was the title changed to *someone* ?

Read above. So as not to give them publicity, not that they need it because they don't have any intention of gaining actual customers as far as I can tell.

LOL!

Maybe because coinwallet.eu is shaping up (stopping their stupid Blockchain Attacks)?  It looks like coinwallet has come under some pressure (but I have not read above link here at bitcointalk).

Or else perhaps thread author doesn't want any problems from THEM?


EDIT: 10-4, gentlemand.  I just now read above.

I don't think that they will gain any customers -- their site isn't even functional.

Excellent post, thank you!

 8)

Hovewer,too much stress test on btc.

Last time the network handled it quite well.

The fact that at any point someone is able to "force" users to input a higher fee just in order to get their transaction processed in reasonable time is not
something i would call quite well. The point of bitcoin is to offer minimum fee and processing time for any transaction, anything else just makes it loose it's purpuse.

It looks like miners rejected some transactions. Mempool is not empty but they didn't accept all transactions in back to back blocks since one hour.

I don't like what "someone" is doing. They are not testing anything, will just spam dust transactions. There will be no new conclusion to draw from this round of "tests". Sad part is we cannot stop them. If the attack transactions have enough fees in them. They will be included in blocks and hold up more legit transactions. Miners can filter them if they wanted to, but will raise concerns on the blacklisting issue.

There is already a default threshold for "dust" under ~550 satoshis (I believe it is 546 satoshis) in the Core client. This is not "blacklisting" but rather opting not to relay uneconomical transactions in which the outputs are default unspendable. We can raise this threshold or otherwise penalize dust outputs.

Please feel free to talk about and say CoinWallet.eu's name.

I just don't want to give these fuck faces publicity to the drive by topic readers.

Hopefully people actually read this shit and make their own opinion.

Does anyone actually use coinwallet? I wouldn't not after this BS. In fact the community should promote a total boycott. It's not enough to just ignore them, hit em where it hurts, in their wallet

They don't appear to be a real service. They allow you to deposit bitcoin and even provide an address for you to send cash in mail. Of course, there is no customer support on the other side. Several people have tried to create accounts/send money as a test; Coinwallet never responded. They are not a real company.

I have never used them, but if this is true, then they do have some shady intentions with this stress test. Also, I don't see how would they profit from this stress test if they are doing it for self advertising as we have concluded that it might be the reason behind the stress test. They have something else in mind.

By the way, today is September 10th, at what time and which time zone is stress test starting exactly?

They were cancelled. See elsewhere in this thread.

The Stress test is already on, just that it isn't called stress test any more.

See https://bitcointalk.org/index.php?topic=1175321.0 for more info.

I think people will rapidly cotton on to the fact that it's pointless trying to claim those coins unless they have the requisite skillz. Having said that there's no limit to greed and stupidity.

as bahamapascal quoted those scumbags are using the same strategy they used last time.
they are spreading the private keys of the addresses which they want to use on their spam attack so the number of transactions go even higher by using other people's greed for making a 0.001BTC

i remember last time i saw the same thing on reddit on a post disguised as "i can't send bitcoin from my wallet, please help me" and then he started leaking 100 private keys.

would you share the link please?  That would be cool to make the correlation and determine if they are connected.

whoever you are - you're the shit. Start offering lessons on sluething and opsec on streamium - you'll go places.  ;)

Same thing, but no disguise this time:

    
CoinWallet.eu Stress Test Cancelled + Bitcoin Giveaway  (https://bitcointalk.org/index.php?topic=1175321.0)

Thanks for spending your time looking into these people.
Please make one thing clearer for me: why would you assume that GMT +1 only applies to the African nations you list and not to the European nations also in the same 15 degrees of longitude?

ok after some deep searching in /r/bitcoin i finally found it  8)
it was from a new, unknown account.
here is the post that i was talking about:
https://www.reddit.com/r/Bitcoin/comments/3cf6qg/need_help_moving_coins_to_new_address/

and here is the mass leak (funny enough it is in the same post):
https://www.reddit.com/r/Bitcoin/comments/3cf6qg/need_help_moving_coins_to_new_address/csuyyi3

another one (with the same title as the recent one on bitcointalk that is moved to games and round now):
https://www.reddit.com/r/Bitcoin/comments/3chere/stress_test_giveaway/

and this was not the only person/account on reddit that was spreading these private keys

Do you have a solution?

This "stress test" is a very realistic situation if BTC ever started to get rolling.

Stop what you are doing and have a little chat with your own death.  Then get back to me about being "stressed". 

Coinwallet is probably QuadrigaCX - Canadian firm - they seem to have re-branded themselves. They are using the same numbered company 1009926 B.C. LTD. This is not necessarily illegal.

frankenmint's second search is WRONG - imho. (http://abdc.bc.ca/uploads/reg50_steps_to_incorporating_a_company_in_bc.pdf)
'A company can also choose to use as its name, the
incorporation number of the company followed by
“B.C.
Ltd.” (example, 0123456 B.C. Ltd.) If you choose
to use the incorporation number as the company’s name,
you do not need a name approval and reservation.
The
incorporation number is assigned by the Corporate
Registry at the time the Incorporation Application is
electronically filed with the Corporate Registry.'

However note that, this is called an Incorporation Number and you need to pay a fee to see ANY further details on BC Online. You can mail:  BCRegistries@gov.bc.ca and ask them for some free info. My point is, it's an Incorporation number not a Business number which is longer.

https://www.services.rcmp-grc.gc.ca/ (Online Canadian Police Complaint)
https://ca.linkedin.com/in/duaneseamans
https://www.youtube.com/channel/UCUWZbZwN29aSxgH1WPxkiTw
http://bitcoinist.com/psa-coinbase-referral-spammer-uses-bitcoin-urls/
https://www.facebook.com/profile.php?id=100007586649815
https://www.reddit.com/r/BitcoinCA/comments/6aik81/mybtcca_has_still_not_sent_me_the_300_worth_of/
http://pix.toile-libre.org/upload/original/1495554589.png (http://pix.toile-libre.org/upload/original/1495554589.png)

(I did some talking to people and this is what I found out)

**********
I can tell you that their business and mailing addresses are:

140 - 332 Water St.
Vancouver, BC V6B 1B6

As well, the proprietor (owner) of the business is 0984750 B.C. LTD. and is registered to the same address.
*************
Search on 0984750 B.C. LTD gives:

0984750 B.C. LTD. is a money service business located at 140-332 Water St, Vancouver, BC V6B1B6. The registration number at Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is M13547855.

Lots of other details available online:
Business Activity    Foreign exchange dealing - Opérations de change
Remitting/transmitting funds - Remise ou transmission de fonds
https://ca.linkedin.com/in/reneemgillis
http://datagovca.com/money-service.php?id=M13547855&agent=0

http://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-information/msb-details/7b227072696d617279536561726368223a7b2273656172636854797065223a312c226f72674e616d65223a223039383437353020422e432e204c5444227d2c226d73624f72674e756d626572223a3133353739307d/
Registration status of MSB:
    Expired
Legal names of MSB:
    0984750 B.C. LTD.
MSB registration number:
    M13547855
Initial date of registration:
    2013-12-23
Expiry date of registration:
    2016-11-30
Main office or location of MSB:
    1500-701 WEST GEORGIA ST
    VANCOUVER, BC, CANADA V7Y1G5

MAYBE they are fraudulent but I'd say they are doing it with their real identities and NOT like a Nigerian prince. (I highly doubt they are stealing ppl's money in other words)