It is not a test...
BITCOIN
IS
UNDER
ATTACK.........................
we should really be discussing this...
This is definitely an attack because its been running for so long. I thought they had finally stopped spamming today because there were about 15k unconfirmed transactions, then it went down to 12k unconfirmed. However, it's now back up to 15k unconfirmed. Is the spam attack still ongoing? Yesterday it went to over 20k unconfirmed transactions, so 15k is a bit of an improvement. |
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Litecoin's not immune to the spam attack, it would just cost more to do the same attack on Litecoin. I don't know how many transactions the Bitcoin spammer is sending for a single fee payment, but it's not costing that much money to do the attack. I assume Litecoin's transaction fees are lower than Bitcoin's so a spammer might still be able to attack Litecoin for not that much more money than attacking Bitcoin. Litecoin's not been attacked yet and it would be interesting to see how resilient it really is. The fix implemented in Litecoin is just to charge the sender a fee for each tiny output he creates. For example, in this specific attack, the sender is charged one fee for sending to 34 tiny outputs of 0.00001 BTC. With the fix, that fee would be 34 times as much. So it would cost the attacker a lot more to perform the spam attack. The concept is fairly simple: the sender should pay for each tiny output he/she creates Furthermore, a post in the alt section claims the Litecoin pump is a new Chinese pyramid scheme where a "member must buy in 500 ltc to be eligible to collect "mining return" (3-5 ltc/day)". I hope it's not for real because there will be a hell of a dump if it is, and the masterminds will probably dump their Litecoins for Bitcoins, then dump their Bitcoins for fiat. LOL, dude, you're killing us! So, 1. 10% 2. 10% 3. 3% 4. Profit Member must buy in 500 ltc to be eligible to collect "mining return" (3-5 ltc/day). |
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....
They are already bankrupt. Question is, will TPTB give them a palateble package of debt write-downs that allows them to recover within the Euro, without being asset-stripped, or will they have to exit and take the short-sharp-shock route of default in order to stand any chance of recovering from this mess ...
EU is desperate to hold the (probably doomed) Euro intact, so my guess is they get a deal. Even the IMF and US Treasury is saying any deal without a debt write-down will inevitably fail. Pressure is really on the Germans now. Greece drops out, defaults and thrives, they will soon be followed by other Southern European states. They get write-down and those states will be knocking on the door for the same in due course ...
Germany, as the main beneficiary of the of the Euro has some hard thinking to do. If Southern states ditch the Euro, bang goes a large part of their export market as the new currencies will inevitably be weaker, as will the political power of the Eurozone.
The Germany stands to lose the most because Greece owes it more than any other country or institution. By sacking its finance minister allowing its finance minister to resign, and talking about new compromises Greece signaled it was ready to do a deal. Germany will probably compromise next by backtracking on its refusal to write off restructure Greece's debts. |
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Last days many people are having issues with bitcoin transactions. Including me also.
This "stress" test should be stop and everything must go back normal
Some safeguards need building into the Bitcoin wallets to prevent this type of spam attack working in the future. There will be endless copycat attacks now it's been demonstrated to work and have a serious effect on the network. Has there been any word from the core devs about a fix yet? |
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Everyone seems sick of waiting to find out what will happen. A pro of getting an answer fast will be that the EU will know where it stands. The issue of whether there's a Grexit or not has been causing chaos in Europe since last year. For weeks we have been told we will know tomorrow, only for another delay to hold things up.
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I am going out for a bit. If bitcoin would like to attack 300 that would be great!
Keep up with the latest news while you are out, if you get a chance. It might depend on whether the Greek government submits credible proposals, unrealistic proposals, or says manana. If they do a last ditch deal then we get no Grexit and that might slow down the Bitcoin rally, or stop it. If they don't do a deal and we get a Grexit it might speed up the Bitcoin rally. |
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Are all key loggers picked up by Antiviruses or are there any that might trick AV into believing they're harmless?
This I want to know too. I would think keyloggers are easy to detect for antivirus and malware scanners. My antivirus does a complete scan of my hard drive once a week and I keep my windows updated, should that be enough for a someone who doesn't visit doggy sites? A rootkit virus is capable of hiding itself from most regular anti-virus software, and it can have associated keyloggers and other malicious tools. Often the only way to detect a rootkit is to scan a computer by booting from a live anti-virus scanning CD, which runs without starting the computer's normal operating system. A number of anti-virus software companies have live CDs available, or software to make bootable thumb drives. |
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seems the 22k bid wall on finex is gone?! 13k left!  The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too.  |
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I hadn't considered government action due to the adverse ecological effect of mining. However, Bitcoin was designed so no government could easily shut it down. If the US and Chinese governments made both owning and mining Bitcoin illegal it would probably be enough to severely damage or destroy Bitcoin. But I doubt they would do that soon because the US already debated making it illegal in 2013 and decided not to, plus the US regulated it in New York with the Bit License. They wouldn't have done that if they were considering making it illegal. Chinese industry causes so much polution they have terrible smogs, so I doubt the Chinese government has time to worry about the environmental effect of Bitcoin mining.
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The Philippines is becoming Bitcoin friendly. They have at least two Bitcoin exchanges that make it extremely easy to buy Bitcoins. There is Coins.ph and BuyBitcoin.ph that don't require the same ID and proof of residence details as western exchanges. http://www.coindesk.com/bitcoin-philippines-perfect-cryptocurrency-storm/There is another exchange that requires more ID but has publicly stated they will do business with US residents despite not having a US money transmitters license. The US would probably find it difficult or impossible to prosecute them in the Philippines. |
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no wonder shitcoins are doing so good.
all those bitcoins that were bought in 220~230 range needed to go somewhere.
As soon as Bitcoin starts to drop the shit coins start dropping faster though. Someone commented that shorting litecoin was like printing money yesterday. Shitcoins are a high risk investment and get dumped fast once bitcoin starts going back down. Some of the bitcoins getting dumped yesterday were probably from people who made a profit on shitcoins and decided to lock their profits in. |
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I am holding a significant part of PayCon[CON] so I'm already future rich. And in the crypto elite by now also. My long term goal is to become richer than a known super scammer Homero Ganza*. But I'm getting rich the legit way - just by hodling next gen assets  * Homero Ganza is infamous scammer who Paycoined tm his brainwashed hashtards by promising 20$ floor and premined almost all the coins which he later dumped into his believers and the floor never happened. Did anyone ever find out how much he made out of it? I never managed to find out how many coins he sold to people for $20 each. |
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The only rally I expect, is a few months before block halving in 2016. I can't see much happen this year, at least current price seems strong enough to not go below $200.
The price is flatlining for the moment but I suppose the whales will get bored eventually and start either pumping or dumping. I don't know if it will go up or down but I cannot imagine it staying flat for much longer, it's too boring. |
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Here is my address
19MMCZifDG5Ciz7yZ4AvX2B68JkmREpqo
Can somebody please quote it, and I will quote somebody else's address in return?
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I lost 0.1 bitcoins when Bter was hacked. I thought it was lost forever but Bter carried on trading and now I can see my stolen balance but cannot spend it. They periodically pay me a small fraction of it back and I'm hoping to eventually have it all returned. Bter is better than other hacked exchanges that immediately shut down and cost everyone whatever they had on there.
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Xapo leaves California for Switzerland - due to dumb cops. http://www.coindesk.com/xapo-switzerland-privacy-concerns/ Well, I think the Finance police (Calvery, Lawsky and their buddies) have given every reason for Bitcoin enterprises to pack it up and leave the US. They couldn't wait for need to arise, instead they decided to stick their heads up everyone's ass before trouble begins. No more effective way to get people to say 'Adios!' Stupid fucking cops. Way to put out the fire!!! London is trying to do the opposite. In 20 years, everyone will be talking about how the US let bitcoin technology go offshore. Well, personally I think it's a good thing. Why do I say that? Well, now everybody will realize that the U.S. is no place to be because you will always be depressed. So, they all leave, go where they can actually operate and be (more) free. Oh, and the good part: The U.S. government wont be able to do jack shit because it's out of their jurisdiction. Lesson we have learned? Bitcoin will continue to operate within or without the U.S. because Bitcoin is universal  I agree with you, Bitcoin is universal so people would not stop using Bitcoin just because 1 country. Because Bitcoin is not run by any country, it's in the internet  It would continue to operate without the U.S, but a U.S. ban would severely damage it. Other developed countries often follow the United State's lead and would probably also ban it. Right now the U.S. has chosen to regulate it rather than ban it, and other developed countries are also following the regulation path. Beginning in September 2015, France will start monitoring all cash transfers, which will probably mean tighter cryptocurrency regulations involving cash transfers to exchanges. |
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I lost 0.3 Bitcoins when a thumb drive malfunctioned.  |
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If you print out your keys for your relatives after your death then make sure you use pigment based ink, not water based ink. The pigment based ink lasts 100 years, but the water based ink can fade over the course of a few years.
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Why do we need a wallet with at least one bitcoin if you don't want our money?
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