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Title: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: Spekulatius on August 11, 2013, 05:48:21 PM This flaw was discovered months ago (https://bitcointalk.org/index.php?topic=271831.msg2911454#msg2911454) actually and has lead to at least 55 BTC stolen (https://bitcointalk.org/index.php?topic=271486.0) from Android based wallets. Today the focus of public attention was turned on the issue when an "Alarmthread" by Mike Hearn (https://bitcointalk.org/index.php?topic=271831.0) was made on this forum. It seems that the vulnerability is now being fixed and danger of further exploits decreases as users become aware of it and the services affected release updates in the coming hours/days.
Given positive as well as negative feedback to the way and time frame this issue is being dealt with it seems hard to estimate its impact on faith and price of Bitcoin long and short term. What do you guys make of this? 3 votes per user. Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: ElectricMucus on August 11, 2013, 06:02:07 PM Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: Spekulatius on August 11, 2013, 06:09:42 PM Keep in mind that the Alarmthread has just been published and most people are still to take notice, so the market is lagging behind a bit news. Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: ronaldlee0917 on August 11, 2013, 06:23:56 PM Any found security exploit with Bitcoin is bearish in my opinion.
However, the exploit has nothing to do with the design of Bitcoin, but due to some error with Android's random generator. Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: ElectricMucus on August 11, 2013, 06:43:38 PM Keep in mind that the Alarmthread has just been published and most people are still to take notice, so the market is lagging behind a bit news. It's an inconvenience but I can't really think why anybody would sell or buy Bitcoins based on that. Lets say ultra-long term over the course of a decade or so it adds to the number of potential security risks associated with it. But I'm a ultra long term bear anyway so that comes of little news to me but perhaps people will realize this sooner if more of those things happen. Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: im3w1l on August 12, 2013, 11:03:16 PM http://www.youtube.com/watch?v=r-QTmfTVVEs#t=2m52s
I see it as bearish. These were not small services, but large ones, and noob friendly. People will be more cautious. "Which program is next?" "Are there more holes lurking?". I don't think it is catastrophical though. Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: HeroC on August 13, 2013, 02:10:36 AM It is certainly a large stir, but not large enough to fluctuate the price.
Title: Re: POLL: Android exploit found and fixed (?), Bullish or Bearish? Post by: Zaih on August 13, 2013, 08:41:04 AM No affect what so ever.. ;)
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