Bitcoin Forum

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/ (http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/)

OH LAWDY!!!

Stay calm, theyre working on it, blockchain.info is not affected, the exchanges that are will have it sorted soon.

no big deal

Do these attackers still believe they can dupe sender into sending coins twice or are they just out to create havoc and force a drop in prices. Somewhere I guess people are putting large buy orders on low prices.

Agreed....someone was speculating it is gox who messed up with funds and now needs to buy btc cheap to pay people.

Possible global shutdown? No.

Am I right that bitcoin client just test for transaction validity and its presence by hash and if there is no similar transaction it just replicate it to all known nodes without checking it against blockchain and this cause a ddos?

This behaviour sounds very odd, can't believe in this.

This is one reason why I don't store my bitcoins on exchanges or in other hosted wallets. I am completely unaffected. Hopefully this event will knock some sense into some people.

And while I'm on the subject ... sometime in the next few months, the wallet of some major site will be hacked and a bunch of people are going to lose all of their bitcoins. You heard it here first.

+1000!

Couldn't have said it better myself!

My $.02.

;)

Time to buy  ;D

Sounds like complete FUD to me.

Developers! Please confirm that this ddos attack is real or not.

This "possible global shutdown" talk is FUD.  Come on man

"Possible Global Shutdown"  ??  FUD. 

From article: “I would expect to see withdrawals flowing again within 24 and 72 hours, and in the meantime, any withdrawals that were cancelled will reappear in customer account balances,” Antonopoulos explained.

Cheap btc for 24-72 hrs :D

BREAKING NEWS: Trolls exist who try to get discount bitcoins via FUD and DDoS tactics. You don't have to fall for it.

check out btc-e...already rebounded big time.

I think BTC means business, can't be stopped now.

many are doing all again need to some calm down all will be ok in next few days lets fight against this attack  ;)

blockchain.info isn't affected beacuse they aren't an exchange. DUH!!!!!!!
this has to do with internal network verification vs the blockchain.
this is more of an issue for an exchange that mixes up everyones balances internally.

blockchain.info doesn't move balances around internally and since the person controls their own private key this issue has nothing to do with them.

Bitstamp:

No funds have been lost and no funds are at risk.

So attack is real? How the hell is this possible? Client and miners share the same codebase. Why client retransmit similar transactions and do not check them correctly before retransmission?

What exactly are they actually trying to achieve with this?

Cheap bitcoins. Same as always.

It's funny how the so-called "market price" is going down but actual sellers that are willing to sell for those prices are few and far between.

hey guys, what is up with this adress I got it in my blockchain,

1SochiWwFFySPjQoi2biVftXn8NRPCSQC

WTF is that?

I mean yea sure stay calm, the problem will pass, but this is terrible press for bitcoin at a very crucial time for it when it has just started showing up in mainstream media coverage somewhat regularly

Many people including me got spam payments from that and another address.

Come on!  There are four posts still on the front page concerning this.

https://bitcointalk.org/index.php?topic=459874.0
https://bitcointalk.org/index.php?topic=459529.0
https://bitcointalk.org/index.php?topic=458934.0
https://bitcointalk.org/index.php?topic=459845.0

How will that work if all the exchanges are down?

"Storm" and "teacup" comes to mind:


BTC-E ‏@btcecom  2h
Bitcoin withdrawal works #btce

 BTC-E ‏@btcecom  4h
Update bitcoin wallet. Temporarily withdrawal is not available. #btce


Attackers probably got away with a few hundred or thousands of BTC 40 USD cheaper. Oh well... Community XP +10. Level up?

All exchanges are not down.  And if they did all go down, it stands to reason that there would be incredible sell pressure driving the price down when they reopened.


*edited for clarity

It is not FUD. It is reality. I am stating the obvious. People that allow others to hold their bitcoins for them are generally newbies that are simply unaware of the risk.

What's so difficult about keeping BTC in one's own qt wallet?

Because it is unneeded. To send money you need only soft that can construct transaction sign it and retransmit it to the network. There also many API like this https://blockchain.info/pushtx to achive this. So one can bother to run qt wallet only to support the bitcoin P2P network.

It literally is FUD. You're basing this and the timeframe on absolutly nothing.

There is no DDoS? Client do not retransmit similar transactions that cause flood? Can you confirm? Are you a developer and very famous with bitcoin client codebase?

https://bittylicious.com/ has suspended service too.

This is main reason why Im storing PHYSICAL BITCOIN/LITECOIN in HAND and its too risky to store BTC/LTC with exchange companies!   >:(
 
These jealous and lonesome DDoS attackers piss me off!  >:( >:(

Think about who would be doing it and why. It isn't some small group, because they would only hit one or two exchanges.

It is the bankers' behind-the-scenes hackers, or it is the NSA, or CIA, or FBI, or their counterparts in the various governments of the world, like the group that the KGB turned into, or MI6, or you name it.

Bitcoin signals the end of the fiat currencies of the world. Those who are in power don't like that idea. the only way they can legally shut down Bitcoin is to shut down all Internet communications they have so carefully built so that they can rape the people.

I'm not a techie, but if I were, I would be advancing all the different ways that I could think of for maintaining and growing public communications beyond the Internet. I would be working to develop an independent communication grid that is entirely decentralized, yet worldwide, just like Bitcoin is.

:)

Can you confirm there IS DDOS?  I didn't think so.  It was scammers who apparently did the same thing to gox and bitstamp, and the stupid exchanges got tricked.

I agree with this. I am getting sick of this bullshit.

The game is over !!!

Eh, not FUD exactly.  It's more like a "prediction" of something that based on the historical evidence is already fairly likely to happen.  Bitcoin has a pretty big history of major site XYZ screwing something up and getting "hacked" every few months due to that site's own inadequate security or poor software design.

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/
http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

Is this a hoax?

...again for about the 5th time since I've been involved.

I love these 'game over' events.  Each one seems to increase my wealth by a significant factor.

I am basing it on these:

https://www.youtube.com/watch?v=p2HfFQOvJRc

It is fud. It's baseless fearmongering. You can't just make shit up. You can "predict" anything then. Bitcoin crashes, problems, bubbles.

It's funny to see all major exchanges tumbling except gox now :).

worse case scenario, i convert my BTC into LTC and withdraw LTC instead :D

idio*... people like you with no rational thinkinh dont belong to any community, maybe charity... DONT FUCKING PANIC is a good advice, "no big deal" is not even a close...

I don't think the game is over its still going and hope its would be end in a very positive way lets see  ;)

I'm tired of having all bad news...we need some good news dang it!

Holy crap, everybody sell now or say goodbye to your life savings

Gox got in front of it first, but they could have worded their reasoning for halting withdrawals a little better.   No one trusts the validity of their claims anymore, so even if they are telling the truth, probably 65% or more of the people don't even believe them because their credibility is shot...

I would go out on a limb and say that most of the people here don't have their life savings in their bitcoin wallets lol

Thread title is a little misleading.   Possible global shutdown is pretty strongly worded...

The fact that mods do nothing to counter the FUD shows how retarded this forum has become. It's not turtles all the way down, it's trolls.

this will never happen  ::)

but its not the end of the world (or of bitcoin)  :D

If this is a "meltdown" then why is the price still over $600....

oh no!! the sky is falling!!! We are all doomed!! Another weakling OP posting fear on the Bitcoin forum!!! Everyone panic!!!

Exactly.  For all the doom and gloomers, look at the price!  1 BTC is still worth a lot of money.

Unless Bitstamp suddenly halts fiat withdrawals as well I wouldn't worry.

People are really narrow minded when they look at whats going on right now. This time last year what was the price? Under 100? We are still so positive when it comes to price it isn't even funny. Those claiming about meltdowns and other FUD are just mad because they panic sold. Bears will be bears. There's nothing fundamentally wrong with bitcoin. This will blow over, mark my words.

Perhaps not as massive an attack as originally thought...

http://www.wired.com/wiredenterprise/2014/02/bitcoin-ddos/ (http://www.wired.com/wiredenterprise/2014/02/bitcoin-ddos/)

"It turns out that a small number of these bad transactions have been broadcast in the background of the bitcoin network for some time now, but after Mt. Gox went public with its problems, someone cranked up the volume. “Some joker is rewriting thousands of bitcoin transactions and rebroadcasting them,” says Jeff Garzik, a core developer on the bitcoin software. “It’s not a “massive and concerted” attack, probably just a bored teenager with one computer.”"

Got this earlier this morning trying to connect to blockchain.info:

http://i1328.photobucket.com/albums/w540/frank7541/error_zpsddad972a.png

Actually blockchain is affected, the data on it is not trustable. Many missing payments, now already chaos. As for shutdown, anything can happen. In past 24 hours, I got several payments that is never be confirmed, if you think this is not serious, then why gox and bitstamp suspended business?

That is quite normal for Blockchain.info. They have been slow for a while now and these errors sometimes pop up. Nothing to worry about ;)

You're joking right? I'm on blockchain right now, my wallet has the right funds. Stop spreading FUD... They were DDos'd early which has nothing to do with stolen funds.

Wait, What?  Did something important happen?  I didn't notice.  My client says everything is fine.

 I got this myself too when I tried to look up one of my cold wallets.  It timed out because of pages of that stupid "Enjoy", "Sochi" spam transaction was trying to load from blockchain.info website.

Other address without the spam loaded fast.

waiting for price to drop below $400 sometime this year so that i can buy more.

I waiting for price to drop below $10 sometime this year so that i can buy more.

This is why we need newbie restrictions back and even set the requirements higher. This is getting out of control. Too many pointless, FUD spreading threads from OP with limited to no knowledge.

Im waiting for the price to drop below $1 sometime this year so I can buy more  /sarcasm .

Also - Possible global shutdown... of what, exactly?

Very Possible

Bitcoin.de halted all payouts with reference to the same reason...

This sucker seems big.

Ehmm.. :)
Too much panic.

all people want chasout.

I totally agree with you. I am so tired of all this bullshit. A day can't go by without someone claiming that the Bitcoin price will  fall and trying to make people sell their coins.

A day can't go by without hundreds if not thousands of posts claiming something which is completely wrong or not backed by any facts (i.e. due to lack of knowledge).
Even if all major exchanges (gox, btc-e, bitstamp, btcchina) get closed (highly unlikely and unprobable). The users will move to the (currently) minor ones, and they will take the place of the previous ones.

Worse thing is, people believe it. They sell their coins for no reason and those FUD spreaders earn a decent buck because of it. It's a cheap, unfair and low way to earn money.

Agree! :) But there are realy good coders in Bitcoin society and I guess war between coders and hackers is nothing new...

Bank online systems were attacked so so so so many times.
And? :) and now they have better security :)  And better coders ex. h@x0r'5

Exactly, this forum is becoming a burden here. Everyday I have to pile through threads of nonsense to find something that is useful for me and the everyday (non 'sheep) user.
Yet those systems still get hacked. Yes, we need our coders to unite and start contributing more.

Yes we need and it is happening I guess.

Bitcoin society is powerful as I know...
 :)
I am sure that many of guys are working on it 24/7/365

:) from 2008.

And till now! Bitcoin is Alieve!

http://www.youtube.com/watch?v=k3ChrdJoBCk

Another scam to get cheap coins  :D

This is the last chance though

The payments might not have had a fee, or too many inputs (kb size) for the fee to cover

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website. :)

Yes. Those attacks will show them their problems and if they are smart they will use it as a gift. :)

It will harm bitcoin because it will invoke more bad press.

The press already know bitcoin is volatile as it is. I doubt the problem with the exchanges will affect much.

Bad press has yet to break bitcoin.  It is here to stay.

just need to remember - that if people will harm Bitcoin to get cheap coins oneday it can tourover and they will cry of what they does.
(I wish it will never happens and I even dont think like that usually to do not cause it by sayin)

Global Shutdown!!! really?

dont panic :)
bad news always sell better

and remember that 24/7/365 Bitcoin have support.

I tend to agree. It could be a small group just looking to buy "cheap coins" for a few days, but it smells more like an attack from somebody really looking to discredit i.e. destroy the trust in bitcoin. Bankers and a few national governments spring to mind.

On a related issue, is it true Bitcoin only has one full-time developer, Gavin?

If so, it seems to me if we learn anything from this debacle is that bitcoin needs a full-time team to deal more quickly with both (a) known possible attacks / vulnerabilities and (b) 'upgrades' to the protocol.

2014 is crucial for bitcoin. It has gotten off to a pretty terrible start (Shrem, Gox, now other exchanges). Trust is a very hard thing to gain back.

I have far more trust in the bitcoin ecosystem now knowing that Gox and Shrem—both of whom have caused me not insignificant losses due to their incompetence—are out of the game.

Good riddance.

Agree. Sometimes bad news isn't truly bad. Sometimes it presents an opportunity to grow stronger. It all depends on what happens next. I think of the SR and Shrem events, if SR bust was good news, then Shrem's bust is also good news. MtGox is overall good news. These are events with opportunities to increase trust and fairness. Growing pains.

http://i745.photobucket.com/albums/xx97/JML9999/Dont_panic.jpg (http://media.photobucket.com/user/JML9999/media/Dont_panic.jpg.html)

My $.02.

;)

Agreed. Good riddance to bad rubbish indeed. But there is a queue of bad rubbish waiting to be unveiled in the coming months unfortunately.

And most unfortunately, Gox ain't dead yet either  :-[

This is nothing !!! Keep calm . hold your coin . Bitcoin has seen worse

http://media0.giphy.com/media/D4bKh7wOJMOQg/giphy.gif

GREAT POST!

You outdid me!

;)

just for kicks... look at the pattern six months ago and put it under the magnifying glass:

http://2.bp.blogspot.com/-gukYAyNHzQA/UvrwJhTuA7I/AAAAAAAAHJQ/90e8aohzs9U/s1600/glass.gif

If anybody does, this forum's likely where you'll find them.

I think you will find quite a lot of people with their life savings in their bitcoin wallets. Let's face it, very few westerners are into "saving" anyway these days. The "credit boom" saw to that.

Gox got in front of it first, but they could have worded their reasoning for halting withdrawals a little better.   No one trusts the validity of their claims anymore, so even if they are telling the truth, probably 65% or more of the people don't even believe them because their credibility is shot...

Bitstamp:
No funds have been lost and no funds are at risk.

Maybe the attackers are the gouvermrnts who dont want an free currency

Well, I don't think the "credit boom", as you put it, had anything to do with it, but I hear what you are saying. There are probably going to end up being far too many people that have too much money in these "coins" when the fever finally breaks. I love DOGE, for example, (especially its community) but with something like a million dollars of new "coins" hitting the market every week and no cap on the number of coins to be issued going forward, there is almost no hope for a happy ending.

And getting back to BTC, there are bound to still be plenty of booms and crashes ahead. Everything is still pretty young.

All the people that I know are annoying as fuck and the coin itself is a joke. But well, that is my opinion.

Funny how all this started after Bitinstant CEO arrested for AML. Then MtGox starts to cover it's AML back. Then they went after people exchanging LocalBitcoins for AML in Florida. Then Apple took Bitcoin app off Applestore. Yeah it all looks like someone has got in for Bitcoin!

There's something funny going on here.. Sorry Sir, for the good of Rome you musr die! Infamy, INFAMY! They've all got it in-for-me!
http://www.youtube.com/watch?v=kvs4bOMv5Xw

Possible Global Shutdown?  I don't think so.
BitSimple is open, and not affected.

I guess the media has a hard time with the concept of a peer to peer network.

Nonsense.  Either you are intentionally spreading misinformation or are just don't understand the issue. Nothing about this affects the blockchain.   Please point to a single confirmed transaction which is "not trustable".

It's just another newbie poster spreading FUD about Bitcoin.

Name:    gamecenteruk (https://bitcointalk.org/index.php?action=profile;u=148383)
Posts:    4
Activity:    4
Position:    Newbie

What a joke... Im a buyer of BTC at $2 LOL

nice

I do not want to pay nor 1 cent for BTC.

Enough with the FUD already.

1. No coins are lost.
2. No coins are at risk.
3. No transactions are cancelled, withdrawn, blocked, or hindered in any way (other than their tx id getting changed which is completely irrelevant).
4. No double spending whatsoever.

Now STFU and educate yourself before speading more nonsense please :)

It's probably just script kiddies and DDOS-ers getting their kicks rather than people trying to get cheap coins.


It surely can't function for much longer. Why would people use it once they got their coins out of there? And The Bitcoin Foundation needs to ditch Karpeles.

This is incorrect.
The standard wallet software considers change from a transaction to be immediately available, and usable as an input to a second transaction.
If the first transaction is replaced by a rewritten one, the second transaction becomes invalid, and will never confirm.

Always dangerous to write something like that :)

Bitcoin just declines last three month.

sure you do.

Go to sleep and do it in your dream.

yes yes, we know.

You  are the alpha and omega of BTC network

and ours savings  disappears.

Maybe yours :)

because you spend it on drugs...

Bad bad boy

My savings don't disappear. Everything I have is 100% profit and I have spend no money at all on Bitcoin. So yeah.

:) just relax and ignore Igor

If I haven't invested any cash into it, there is absolute no way for me to have a negative balance, so to speak.
We are on the same level here, yet again.  :)

It seems that way indeed. :)

Indeed it is :)

http://www.buzzworks.nl/files/products/Pa_Nice_one.jpg

Maybe you should cash out now then and quit complaining about how your speculative investment didn't work out.

Re: BREAKING NEWS: Multiple Exchanges Affected - Possible Global Shutdown

Post should be moved to 'FUD'-forum, and user should be given a hiatus of at least a week for posting such nonsense.

That sounds like a great idea ;D

The malleability issues allows other people to rewrite your first transaction without you knowing.
That makes your second transaction fail.
Even though you have done nothing but use the standard wallet in a perfectly normal way.

Which is what you said wasn't true:

Metatreder4 live trading on BTC-e not working, of monday 10.feb.2014 year

http://www.dodaj.rs/f/1u/yj/rKJZ2p/1/asdsa.jpg

Press F1

:D

I see what you did there.

Oh shut up you both.

Very crazy. Wonder if cryptsy will be hit too?

If so, it seems to me if we learn anything from this debacle is that bitcoin needs a full-time team to deal more quickly with both (a) known possible attacks / vulnerabilities and (b) 'upgrades' to the protocol.

I'm not a techie, but if I were, I would be advancing all the different ways that I could think of for maintaining and growing public communications beyond the Internet. I would be working to develop an independent communication grid that is entirely decentralized, yet worldwide, just like Bitcoin is.

FUD at its best. Troll on, please.

FUD is the best... you are kidding :D and I know it :P


Lol :D


bless all of you!

https://bitcointalk.org/index.php?topic=152345.msg1616687#msg1616687

FUD

FUD^2.

Sorry. I can't resist.

Told you so!

Lucky guess.

Not really.

Since about 2010 or so a major site has been hacked and a bunch of people lose all their bitcoins every few months.

It doesn't take a lot of luck to predict that what happened consistently for the last three years is going to keep happening absence some fundamental change in the way these sites are operated.

I mean that is was lucky that he called it so close, not that he called it at all.  It's easy to make predictions if you don't have a time frame.  He did.  That's the part that was lucky.

The point was not that I can correctly predict the future. Anyone could have Everyone should have made that same prediction.

The point was that everyone should understand that storing their bitcoins in someone else's wallet is a big risk.

Well, that's the way some people learn the importance of the term "counterparty risk".
Some make mistakes and learn the hard way - others play it smarter and learn from other people's mistakes throughout history.

After all, history doesn't repeat - but it rhymes pretty well. Sometimes too well...

Rule #1 on finance : If you don't hold it - you don't own it!