I am eagerly looking at how these hackers will move this bitcoin out of this three addresses and will government be able to track them down or not. If this hackers use mixing services like bitmixer, will this services will halt the mixing or will they provide bitcoin address where those bitcoin ends up to investigators if requested?
Yes. I think they made a mistake by doing such a big hack - now everyone is looking at them, and as people have pointed out, bitcoin is very easy to track, so all journalists are looking at it (and the security people as well). They would have been better off just doing small hacks under the radar. People's greed always gets them in the end. |
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No one is going to abandon bitcoin except you.
And me. I'm moving to LiteCoin, as soon as they get SegWit figured out and this warning on my core node goes away: 1. 2MB blocks 2. 2.5 minute tx times 3. Can buy on Coinbase 4. A couple PH of security (mining) 5. It's not ETH 6. LOW transaction fees (merchant acceptance) Not everyone is a Bitcoin maximalist.Segwit has already been locked into litecoin. see https://www.cryptocoinsnews.com/litecoin-successfully-activates-segwit/Litecoin is the biggest digital currency to successfully activate segwit which went live around 6PM London time on the 10th of May 2017 with segwit transactions now available for use depending on the litecoin wallet.
It is now immediately available to use if your service provider has upgraded to support segwit.
The Lightning Network (LN) is now to be deployed, a second layer protocol on top of litecoin which can handle thousands of transactions per second by using the base, on-chain layer, only as a settlement for payments. Not many people are using it though - possibly because they don't realize it has gone live. |
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Poloniex started having trouble when the number of users online jumped from about 20,000 to 30,000 very suddenly as the altcoin bubble was building.
So it might not be a DDOS - it might simply be that they grew by 50% in about a week, their servers couldn't handle it, and what they thought was a DDOS was actually their new users trying to log in and continually refreshing to get in.
People: Spread your trading around, don't just pile into one exchange, it's too risky (and you create problems when the exchange isn't ready to handle the extra traffic). Bittex and hitbtc have a lot of alts you can trade. You can trade ether and stellar lumens on Kraken. Litecoin can be traded pretty much on any exchange, same goes for ether and doge.
Don't do all your trading on one exchange, it's risky.
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https://qz.com/983186/global-hacking-attack-has-russia-and-korea-paying-out-bitcoin/Users with infected computers in Russia and South Korea are so far the two biggest ransom payers to the hackers who mounted a global ransomware attack, called “Wannacry,” yesterday, according to new data from Chainalysis, a provider of software that works with banks, law enforcement agencies, and bitcoin companies to analyze the blockchain for financial crimes.
All bitcoin transactions are permanently recorded on the blockchain, and anyone can view them. Chainalysis crunches these transactions and assigns them to clusters of “entities,” which could be bitcoin exchanges, wallet providers, or bitcoin miners. The firm found that the hackers, who ask for ransom to be sent to three bitcoin addresses, had received a total of nearly $23,000 so far in dollar terms, converted at the point the transaction was made.
The two entities that sent the most money to the hackers were bitcoin exchanges serving the Russian and Korean markets. “If you look at the infection rates, a lot of it is in Russia, so [the data] is complementing that,” says Jonathan Levin, a Chainalysis co-founder. “Given that we know the infections are also in Russia, I would say, it’s Russian users.” They traced the coins back to the exchanges where the victims bought their bitcoins too. Btc-e tops the list, but pretty much all the exchanges are listed.
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Why does the price of LTC go down all the way?
It was pumped when the news came out of the deal with the miners to adopt segwit - and then dumped when the whales decided to take their profits. Nothing much is going to happen with litecoin until they can prove that people actually USE the coin. If they don't use it, segwit etc is useless. |
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I didn't mean affecting the price now, I mean if authorities start putting pressure on crypto i.e. pushing for regulation on it so that they can get a tighter grip.
I haven't yet seen any backlash in Britain against bitcoin (the backlash is against the ransomware hackers). But I have seen a few comments in the American press demanding bitcoin be shut down. It's irritating when criminals hijack a legit took like crypto. It's a pity that we haven't been able to use the last few years to get people to actuallu USE bitcoin daily, which would mitigate against attacks. But as things stand, bitcoin is just used for speculation and criminal activity. |
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What are the true advantages of ETF? Are we sure that we need it?
Lots of pension funds are restricted in what they can invest in, due to the terms of their trusts - usually they can only invest in SEC approved stuff. So if the ETF is approved, pension fund money can at last invest in bitcoin. We're talking billions here. However, the ETF won't get approved. All the problems referred to when they last refused are still there - unregulated exchanges like bitfinex etc, who have banking problems, the chinese exchanges not allowing bitcoin withdrawals. Now this ransomware business. It's likely to be a NO. |
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For those selfish, short sighted ignoramuses out there still singing the praises of Poloniex because they personally have not yet been affected by Poloniex's arbitrary withdrawal delay tactics - hopefully you'll be next! For the rest of the community out there who are outraged at Poloniex's brazen withdrawal delay tactics - I hope you get all your money out before they (Poloniex) freeze ALL withdrawals! Below is a snippet of the latest troll box feed highlighting all the users who are being f..cked around by Poloniex ... having their withdrawals effectively blocked via their innovative status called "awaiting approval" - which of late simply means "f.ck you and your withdrawal" ... the withdrawal will stay stuck in this status for 72 hours and longer and will eventually be deleted! Very few of these withdrawals "awaiting approval" have actually been manually approved during the past two weeks at least from my personal experience as well as what i'm reading all over the internet! This is the case even when these users log tickets with their underwhelming support team. Tickets are ignored for 72 hours all the way up to 2 weeks and even more! And for the minority of users with this issue who actually do eventually get their withdrawals manually approved by the lame support at Poloniex there is unfortunately an identical horror story awaiting them for their next withdrawal attempt... their next withdrawal will again be delayed into "awaiting approval" status for their next withdrawal attempt! Seems as though once an account has been flagged for this kind of harassment it continues indefinitely and effectively their accounts will permanently have to endure their painfully slow manual withdrawal method instead of the automated withdrawal method which is the default.As a result these users (mostly on level 1) are no longer able to withdraw 2k worth of funds per day (as advertised) but are relegated to withdrawing up to 2k worth at a time but every such withdrawal now becomes an arduous manual process by Poloniex's inept understaffed "approvals" team and takes anything from 72 hours (if they are lucky) to over 2 weeks to be approved (depending on whether or not you raise a ticket for each such withdrawal). Thus as you can appreciate - all these users whose accounts have been flagged to be harassed for manual withdrawals are now effectively reduced to withdrawing 2k worth of coins per 2 weeks! How long would it take such a user to withdraw 50 btc from his account? yes - TWO YEARS!!! and THIS is exactly what Poloniex wants... to misuse AML and security concerns to effectively hold a large percentage of users' coins semi-permanent hostage! If you dont believe me - have a look at this thread -it's a feed from Poloniex's troll box where desperate users are very politely trying to get assistance with all these withdrawal issues which Poloniex itself CREATED!! http://rorobo.com/poloniex/search_chat.php?q=withdrawal The bolded bit - that's down to normal security precautions. If you have been messing around using VPN's and whatnot, they HAVE to put in delays because they have no idea whether the next time there is going to be a genuine problem, and guess what, if there is, they'll be the ones blamed. If you don't like Poloniex, use another exchange!!! There are loads of other exchanges out there, pick one, stop all piling into Polo and then moaning. |
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The Segwit-BU duo seems ended as there had been no more news coming up by the miners decided to switching over BU and they are already going to switch to SegWit because if they won't, they will regret. Prices for Litecoin has touched new ATH because I think these big competing alts have always reached ATH whenever Bitcoin got pumped.
This may be true, cuz it could be same effect on bitcoin like on litecoin. This battle between SEG and BU it pointless and maybe they need to resolve this once it for all. Think that they monitored very closely what happen to price of litecoin, and that they calculating every possible scenario good and bad for this implementation. Litecoin has increased more than $700 in a month is an effort from segwit to win the community animos, I think BU did lose in this round, but I am sure they will always take advantage of negative issues that will happen in the future with more luxurious concept. But I'm not very concerned and very happy with the condition of cryptocurrency balanced at this time. Litecoin's price has increased, because speculators piled in as it was a good story to build a trade around. But no-one is using litecoin, let alone usinh segwit on litecoin. Once it is clear that users don't want it, the need for it on bitcoin will disappear too... |
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I don't think so. Most of the large businesses targetted will have had back-ups of their systems, so they don't need to pay ransomeware, they just need to wipe stuff clean and rebuild from the back-ups.
I agree with others who say this is bad publicity for bitcoin, it fixes it in the public's minds that it is associated with criminality.
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Poloniex has been having problems ever since the number of daily users suddenly soared from 20,000 to about 35,000.
They can't cope, and the sensible thing for people to do is use other exchanges. Most of the coins traded on polo can be found on bittrex. And you can use Kraken to trade stellar and ether, every exchange has litecoin on it, and hitbtc has quite a few alts listed too.
Spread your business around instead of piling onto Polo and then moaning.
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It shouldn't take long at all. Tip: don't use a vpn to access poloniex, because their algos flag it. And send in small amounts, that are under your limit.
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in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip. last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years  we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat. The past isn't a guide to the future though! It's hard to tell what is going to happen - if the blocksize thing gets going again, we might look at some people selling. Ditto advances in some of the alts. |
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Good News.
After I harrased the Mods in the Shoutbox, they pinged the Support and suddenly I got IMMEDIATE answer. Maybe they understood that I am right before killing myself because of losing my just won 400 BTC.
I already was able to withdraw 2 times my withdrawal limit.
After all, thanks Poloniex for making me rich with stupid Pump and Dump Coins.
I still think, when people having that much money on their site, they should have much better and faster Support. I was so fucking afraid.
That's a valid point. I think they just grew too fast. Just 2 months ago, they used to have about 20,000 users online at any given point, but it suddenly surged to about 35,000 users and I don't think they were prepared at all, the engine kept lagging, they kept going offline and they didn't have enough staff. Hopefully they solve all those things. Glad your stuff got sorted out. In future, spread your trading around several different exchanges - don't keep everything on one exchange, you never know when you might get unlucky. |
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I invest a little of my BTC into LiteCoin for the past month and so far so good. I got them at the $11 level and right now it shoot up to the $36 level...and I can feel that many LiteCoiners are so happy with the result more so that for the past three days or so it showed some red signs in coinmarketcap website.
Now...my question (and a prayer also) is this: Would it be possible for LiteCoin to reach the $100 level maybe 3 months from now?
I'd say no, not unless there is evidence that people are actually using segwit. (Of course there may be a pump or two to try to get to $100, but don't bet on it). |
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I'd say it depends on how strict their AML rules are and whether the old players on those exchanges decide they want to comply. If it's too much for them, the action might stay where it is (in Japan).
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if it does will bounce higher later on.
if it drops can be useful to collect a few more that's about it.
Only way LTC is not going to 100 or greater is if BTC sorts out it issues
Even then LTC is a nice alternative
That's a very big call. I personally can't see it happening, it has a small community and no-one uses the coin. I guess we'll find out who is right shortly! |
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The thing to watch is the following transactions chart: https://bitinfocharts.com/comparison/litecoin-transactions.htmlThere were 16,713 litecoin transactions in the last 24 hours, which is up from recent months, but still below the all time highs of about 20,000 per day in 2014. If after segwit is activated, the transactions fail to soar, it means no-one is using it, and litcoin will fall back to earth. |
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Just a matter when not if you loose them.
This. Practically the only exchange that is safe to leave coins on is Coinbase, and that is because they have taken out insurance to compensate people if they are hacked and their coins are stolen. Most exchanges are too cheap to either provide good security or to pay an insurance premium to compensate them for loss. |
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