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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: tacotime on July 25, 2012, 05:24:23 PM



Title: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: tacotime on July 25, 2012, 05:24:23 PM
https://btc-e.com/news/80


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: burnside on July 25, 2012, 06:05:32 PM
Smart move.


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: LoupGaroux on July 25, 2012, 06:52:00 PM
I guess some of the goal of the attack has already been achieved, even before the attack has begun. 50% of the exchanges that traffic in ltc have shut down in anticipation!


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: smoothie on July 25, 2012, 06:56:39 PM
I guess some of the goal of the attack has already been achieved, even before the attack has begun. 50% of the exchanges that traffic in ltc have shut down in anticipation!

The goal was to shut down exchanges?


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: passerby on July 25, 2012, 07:49:21 PM
So let's make this clear, it takes one blowhard asshat to declare that he's "gonna hafta 51", and the exchanges start shutting down to hell ?

Iiiiiinnnnnnteeereeesstiiing....


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: wndrbr3d on July 25, 2012, 07:53:14 PM
So let's make this clear, it takes one blowhard asshat to declare that he's "gonna hafta 51", and the exchanges start shutting down to hell ?

Iiiiiinnnnnnteeereeesstiiing....

Apparently. *facepalm*


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: tatsuchan on July 25, 2012, 08:36:11 PM
Worst decision I've seen out of the Russians since......well, let's not go there.


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: smoothie on July 25, 2012, 08:39:07 PM
Worst decision I've seen out of the Russians since......well, let's not go there.

How is it bad?

Ensuring no double spending occurs is a good thing.


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: LoupGaroux on July 25, 2012, 10:54:11 PM
I think the goal was to discipline the litecoin community and all of its righteousness. By shuttering their exchanges a goal that serves the greater purpose of the attack is achieved. Certainly it throws water on the theory that it is a profiteering grab by BCX- why kill the exchange if you want to fork, pump and dump?


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: Bitcoin Oz on July 26, 2012, 01:16:18 AM
btc-e is down. Been hacked ?


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: HauntingShade on July 26, 2012, 01:16:55 AM
btc-e is down. Been hacked ?
BTC-e.com IS UP AND RUNNING AGAIN!

Thank you.


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: smoothie on July 26, 2012, 01:17:05 AM
btc-e is down. Been hacked ?

Good question...dunno.


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: tatsuchan on July 26, 2012, 02:26:28 AM
Worst decision I've seen out of the Russians since......well, let's not go there.

How is it bad?

Ensuring no double spending occurs is a good thing.
It is yea....but seriously, we have an exchange cowering by a threat causing even more panic by unsure investors?  How are bitcoin and litecoin supposed to hold up when they go mainstream when every internet troll can virtually shut down a currency exchange for a week?  Maybe we need more security then we thought? 


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: btc-e.com on July 26, 2012, 02:56:04 AM
This decision was made on the recommendation of coblee


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: smoothie on July 26, 2012, 03:42:52 AM
This decision was made on the recommendation of coblee

+1


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: tatsuchan on July 26, 2012, 04:22:19 AM
This decision was made on the recommendation of coblee
Like I said, maybe more security is needed. Not just 51% either. It's interesting to watch though.


Title: Re: BTC-e halts LTC deposit/withdrawal for 5 days
Post by: Greedi on July 26, 2012, 04:24:45 AM
This decision was made on the recommendation of coblee

+1