A "Begginging"? What am I reading?

A 30 dollar swing in Bitcoin is not exactly cause for alarm. I disagree that its the start of some larger move. You didn't expect all up-to-the-right action without some kind of retrace, did you?

My longer-term target is ATH 1,350's (Bitstamp). It will get there even if we have some stumbles on the way.

Oh good, another article on this wallet thief.

They already know that statistically trawling the address keyspace is a wasted effort, but they keep doing it because in their words "it nets more money than mining". The TRUE reason they're doing it is to crack crappy wallets (the puzzle addresses), and they've already stolen the funds from a number of those due to a shitty design.

LBC claims to be doing this for research, but they're really out for the money and after they've taken all the easy stuff, they'll probably stop bothering since the law of numbers precludes any real profit after that.

This guy also has a remote-code exploit in his client, so it may be setting up people to panic and try it out, only to have their BTC stolen at a later date.

Do NOT trust this software, and do NOT run it on your machine.

Unlike the Large Hadron Collider - the Large Bitcoin Shakedown is a brute-force attempt on addresses and known scripts (such as the puzzle addresses) to extract money. They've admitted as much, seeing how they're trying to brute-force the easy pickings. For the rest of "real" wallets out there, they are out of luck - but it won't stop them rattling each door knob sleazy robber style until they chance upon something.

The odds of doing so are very, very, very remote - which brings to mind - why are they doing this at all? Oh that's right, a lack of moral compass and the "if you can do it, you should" mindset. This has nothing to do with "testing" security, the statistics are already out there that show the keyspace is mind-bogglingly large. The real effort here is to exploit some badly made wallets so they can profit from it.

They're thieves in "researchers" clothing.

"Start fleeing"?

Hell no, they've been fleeing for a while, which is why we have a premium between BFX and other exchanges in price. Their open interest is plunging as well, with only 91,270 BTC in one of their wallets, down quite a bit over the past few days.

Price premium over Bitstamp is 4.7% as of this posting.

Get the 'eff out, or you are going to end up holding a rather large bag.

Jihan "cabbage head" Wu is desperate to appear relevant. So I'm not surprised he's inserting himself in the Chinese gov't controversy.

But he's just a cog, and doesn't really help anything. If you think he's the only one to point out governments flip-flop, you'd be wrong. He adds nothing new to the conversation except his attempts to pump his PR value.

Oh look, he's still here.

How's BU - Barely Unusable - doing? Great? Not from this angle. As for UASF, what does that have to do with anything? Or is this yet another distraction from your alignment with "cabbage head" Wu.

Jihan Wu is hardly a good source for what the Chinese government will or will not do.

He's a charlatan that pumps his own agenda, based on his mining concerns and chip-fabbing business. Naturally, he can only see an outcome where he can keep being a monopolist.

This is turning into Gox 2.0 - and people have been warned since the last "hack", but all the useful idiots here (Oh hi, BurtW) have been adamant that BFX is "just fine".

Keep watching for it, the next thing will be forced liquidation as they prepare to do a runner on their remaining user base.

Needs Date Formatting fixed to be in the News Section...

Thanks

I really don't know how to help you. First you wanted a "detailed and technical description of how ASIC-boost works", and when one is provided you can't "get it".

Be sure to ask for what you really want? You confuse me.

This is pretty comprehensive -- https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html

Wow, that's a lot of useless alt-coinage.

They actually had a vote on it? Funny how that worked out. Do they get to vote again when they lose all of their money? lololol

Goatpig - Serious question that I hoped you might be able to briefly address.

This project - "Large Bitcoin Collider" - https://lbc.cryptoguru.org/stats - is searching keyspace and trying to find funds. While the statistics say their success is going to be very small, I was wondering if there were any features in Armory that might make their "rattle every doorknob until we find money" strategy that much more difficult.

Just curious what you think.

Thanks in advance...

The data is out there - and yes, while most pools can produce empty blocks, the Chinese mining concerns are the ones pumping out empty blocks above the statistically expected norms. They're complicit and its been discussed in depth elsewhere.

Its a small transaction, 55 cents. Unless you have a PRESSING NEED FOR THAT HALF-DOLLAR, just push it through and wait.

Why is it there's someone talking about a "dust" transaction like this as if it was $1,000 bucks or something? Boggles my mind...

I lost nothing from Gox because I PAID ATTENTION TO WHAT WAS GOING ON. I've lost nothing from BFX, because I recognized the same SCAM behavior patterns.

I suggest you PAY ATTENTION to what is happening at Bitfinex, beyond your simple-simon goal of "I'm all good, kthx". And yes, I'm direct, because its people like YOU, that keep trading with THEM, that allows THEM to spring their next con-artist inspired "hack" on the userbase.

Get the hell out of there, or you will regret it financially.

India is a corrupt shit-hole that will most likely try to align with Prime Minister Modi's directive to de-emphasize cash and make sure that banks have a direct cut of any action, crypto or otherwise.

I'm sure their issued rules will favor the government insistence on capital controls and making it as painful as possible to move funds outside the country. They will reap what they sow, of course.

The only real problem is the majority of poor people that don't have a choice, sitting on piles of non-redeemable notes that once were their life savings. I'm surprised there hasn't been an uprising
over the demonitization push. It has destroyed many people's lives.

BurtW is just another fool in a long line of fools that allowed Gox to happen, allowed other exchange heists to happen. They ignore all warnings, think things are "good enough" and don't care about where the money came from - as long as they were "paid back" they're "just fine".

If people fled BFX after the first "hack", there wouldn't be anything left for them to scam - but willing investors like BurtW here keep scam-artists alive, because they allow their hope to override their common sense.

Its sad, but I guess the final lesson is incoming, when BurtW finds out that he can't get his money out - yet again - and BFX is saying "no problem, just wait two weeks"....

Just watch....

You're both mental.

Yeah, lets transfer value using a poorly used alt-coin to "save money". Are you even listening to what you're saying? I suppose not, seeing how you're willing to embrace transactional risk with an illiquid asset to "save" money.

Please, sell all of your Bitcoin and stay with alts, they are more your speed.

Yet-another-alt-coin.

Pardon me while I yawn so loudly windows shake and crack out of their frames.

What is notable about this latest copy-cat attempt? No executive summary?