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Title: Just more and more bad news about bitcoin Post by: thedarksun on February 11, 2014, 07:22:21 PM Will people every be able to trust it again?
First mtgox, and now bitstamp. Now, the price of 1000dollars /btc seems so far away. Title: Re: Just more and more bad news about bitcoin Post by: sonofliberty on February 11, 2014, 07:26:16 PM Yes, it is over.
Title: Re: Just more and more bad news about bitcoin Post by: adam9317 on February 11, 2014, 07:30:02 PM Things are going to get a lot worse before they get better.
Now will be the buy opportunity, watch this space! Title: Re: Just more and more bad news about bitcoin Post by: traderCJ on February 11, 2014, 07:40:35 PM Read between the lines. A group is launching DoS attacks which exploit the transaction malleability countermeasures (if any) implemented by the exchanges. MtGox obviously was most vulnerable, and perhaps lost BTC in the process. Bitstamp, on the other hand, had a better implementation, probably losing no BTC, but the DoS attacks were effective in blocking withdrawals. Stamp will be back. Gox, who knows. And frankly if it does go under, I think it'll be better for BTC in the long run. I don't see what the big deal is.
Title: Re: Just more and more bad news about bitcoin Post by: Mitchell on February 11, 2014, 07:42:26 PM Yes, it is over. Stop crying about the fact that you missed the low price boat. Do something productive instead of being annoying.Anyway, I agree with traderCJ. I hope that Mt.Gox dies and that stronger, better and more flexible exchanges pop up. Title: Re: Just more and more bad news about bitcoin Post by: adam9317 on February 11, 2014, 07:44:37 PM Read between the lines. A group is launching DoS attacks which exploit the transaction malleability countermeasures (if any) implemented by the exchanges. MtGox obviously was most vulnerable, and perhaps lost BTC in the process. Bitstamp, on the other hand, had a better implementation, probably losing no BTC, but the DoS attacks were effective in blocking withdrawals. Stamp will be back. Gox, who knows. And frankly if it does go under, I think it'll be better for BTC in the long run. I don't see what the big deal is. I agree, but I don't think we have seen the lowest price for the week yet! Title: Re: Just more and more bad news about bitcoin Post by: sonofliberty on February 11, 2014, 07:44:55 PM Yes, it is over. Stop crying about the fact that you missed the low price boat. Do something productive instead of being annoying.Anyway, I agree with traderCJ. I hope that Mt.Gox dies and that stronger, better and more flexible exchanges pop up. And I thought I was bad at trolling. ;D Title: Re: Just more and more bad news about bitcoin Post by: dynodog on February 11, 2014, 07:49:44 PM seems that too many are rooting for mtgox to die. i can understand that people who have dealt w mtgox (me included) are sick of this exchange. but the death of mtgox will make bitcoin weaker, not stronger. people who are interested in possibly buying bitcoin WILL NOT DO SO when they hear that this major exchange can't pay people their money or bitcoin. SECURITY IS THE NUMBER ONE ISSUE FOR NEW PEOPLE GETTING IN. The vast majority of these new buyers will decide to forego getting in which leaves just us, and the miners who are constantly selling to cover overhead. As greater adoption is the key to bitcoin's success, and rooting for the opposite to take place only makes sense if you are short bitcoin.
Title: Re: Just more and more bad news about bitcoin Post by: pungopete468 on February 11, 2014, 08:17:00 PM seems that too many are rooting for mtgox to die. i can understand that people who have dealt w mtgox (me included) are sick of this exchange. but the death of mtgox will make bitcoin weaker, not stronger. people who are interested in possibly buying bitcoin WILL NOT DO SO when they hear that this major exchange can't pay people their money or bitcoin. SECURITY IS THE NUMBER ONE ISSUE FOR NEW PEOPLE GETTING IN. The vast majority of these new buyers will decide to forego getting in which leaves just us, and the miners who are constantly selling to cover overhead. As greater adoption is the key to bitcoin's success, and rooting for the opposite to take place only makes sense if you are short bitcoin. While I agree with you on the net effect of Gox dying I would prefer they sell the exchange to bail themselves out. This would give Gox a new start... If they can't operate honestly and ethically then they need to be purged. I would rather cut off an arm than allow myself to die from gangrene... I think Gox in it's current state of affairs needs immediate attention. Title: Re: Just more and more bad news about bitcoin Post by: UnDerDoG81 on February 11, 2014, 08:24:08 PM What is with stamp? I missed it.
Title: Re: Just more and more bad news about bitcoin Post by: JimboToronto on February 11, 2014, 08:28:50 PM LOL thread.
Yet another noob/troll/bear ChickenLittle circlejerk. Only one poster with a 3-digit activity rating, and he tried to counter the crybaby negativity. :) ;) :D ;D Title: Re: Just more and more bad news about bitcoin Post by: BitchicksHusband on February 11, 2014, 08:31:38 PM Will people every be able to trust it again? First mtgox, and now bitstamp. Now, the price of 1000dollars /btc seems so far away. I don't know. My wife posted 3 positive articles yesterday. I suggest you go read them in the Press section. Title: Re: Just more and more bad news about bitcoin Post by: fonzie on February 11, 2014, 08:32:40 PM What is with stamp? I missed it. http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/ |