The price of bitcoin can collapse without any security issues on the network. There should be something to prevent this too.
What kind of argument is this?  The price of Bitcoin can collapse for thousands of unknown reasons. Not much we can do. The price of Bitcoin can collapse if people lose trust in the networks ability to secure transactions. We can promote a healthy network. None of this requires regulation... just a group of well informed, willing miners. |
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If Bitcoin is outlawed, only outlaws will use Bitcoin.
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Hum... good luck, there are already pools with 0 fees.
They were not capable of handling the extra volume when deepbit overflowed (during the recent DDOS attack on deepbit). |
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All of these threads are reactive.
These threads are proactive. An attack hasn't occurred yet. The best idea so far is the distributed mining pool. |
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The hell...there's like only 4 pools left on the pie chart other than Deepbit. Is everyone dying or something?
No, lack of a slice on the pie chart doesn't mean the pool is down. Usually it's just the front end. |
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If network has weaknesses I rather we went through them early in development and learned how to react before whole countries adopt it. Without network's experience and ability in resisting attacks countries unlikely will ever trust bitcoin in order to adopt it on that scale.
We don't need to react. We can prevent it altogether by distributing the network's hashing power more evenly. You will never be able to control even distribution of hashing power, too many forces out of your reach, new technology that comes next could be out of your reach. What will you do then? when market cap will be in trillions and some unknown hashing entity took over 50% of hashing power? Is it not a possibility in any given time in the future? Huh? Miners on deepbit can move to other pools. Problem solved. There is no need for "control". Only education. Why would new technology be out of my reach? Just because something might happen doesn't mean we shouldn't try to prevent it. I'm along for the ride regardless. I would prefer the network to be healthier, that is all. |
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Are there any moderators in these forums? LOL. WOuld be nice to have all these deepbit hate threads combined for easy viewing.
There is no hate. It's simply a matter of the Bitcoin network's health. I would prefer the entire front page be threads about this until it is resolved. Kk let's make some threads  Ehh, I'm not really a thread starter. Maybe you could bump some of the old ones.  "You are threatening Bitcoin's security" is a good one. |
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Where's BTCmine Dropping the ball. |
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Are there any moderators in these forums? LOL. WOuld be nice to have all these deepbit hate threads combined for easy viewing.
There is no hate. It's simply a matter of the Bitcoin network's health. I would prefer the entire front page be threads about this until it is resolved. |
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Me either, which makes conspiracy theories roll through my brain. I hate conspiracy theories.
What conspiracy theory? |
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If network has weaknesses I rather we went through them early in development and learned how to react before whole countries adopt it. Without network's experience and ability in resisting attacks countries unlikely will ever trust bitcoin in order to adopt it on that scale.
We don't need to react. We can prevent it altogether by distributing the network's hashing power more evenly. |
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If we cannot withstand an attack, then there is really no point in any of it.
The network can recover. Will the public's trust? Which public? The majority of geeks that are using it? Or the minority of clueless people who don't care about topics like this? The public that dumped a million dollars into MtGox yesterday. Oh, I supposed people don't do their homework when they invest large sums of cash. I suppose those with a few extra grand to invest in Bitcoin are "clueless". After all, scraping up a few extra grand to toss at an extremely high risk investment is child's play. |
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why won't someone ddos deepbit ? if it's so scary
What a terrible and unoriginal idea. Unfortunately, for the sake of the network, we'll have to do this if [Tycho] continues to do nothing. Personally, I suggest that he double the pool's fee. It'd be a win-win for all of us. I simply don't understand how someone who is making so much money from Bitcoin would ever let the network grow so unhealthy. You don't bite the hand that feeds. |
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why won't someone ddos deepbit ? if it's so scary
What a terrible and unoriginal idea. |
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If we cannot withstand an attack, then there is really no point in any of it.
The network can recover. Will the public's trust? |
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why tycho won't disable registration ?
He's making a large amount of money. Would you? Well... I would. You can make a large amount of money with 30% of the hash rate, and the network is much healthier. Anyone who mines Bitcoin should promote a healthy network. |
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There are lots of pools just pick anyone of them but Deepbit. Network security should be your #1 concern.
Sadly, for other people it isnt. Well, they are being silly. Why tempt fate when it's so easy to avoid such problems? Bitcoin may survive an attack, but will the public ever regain their trust? Let's not cut off our nose in spite of our face. Well, most people probably don't know. It's not like everyone checks the forum every 10 minutes. Others may not even know about the danger of getting this much hash rate in one pool. There are plenty of miners that use this forum that know. Enough to make a difference. They choose not to. |
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The exploit was recognized and explained by the creator. I trust the protocol. If you don't then you should sell and close up shop.
If you people want to play with fire and tempt fate, so be it. It may never bite you in the ass, but if it does, kiss all this "free money" goodbye. Thanks for clarifying your point of view. Could you elaborate? |
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There are lots of pools just pick anyone of them but Deepbit. Network security should be your #1 concern.
Sadly, for other people it isnt. Well, they are being silly. Why tempt fate when it's so easy to avoid such problems? Bitcoin may survive an attack, but will the public ever regain their trust? Let's not cut off our nose in spite of our face. |
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The exploit was recognized and explained by the creator. I trust the protocol. If you don't then you should sell and close up shop.
First, it's not about you or I trusting the protocol. It's about the people all over the world who might want to buy some Bitcoins trusting the protocol. Once something is has shown to be vulnerable, it's kind of difficult to regain that trust. Satoshi designed Bitcoin to be decentralized. CPUs all around the world contributing to the network security. Having so much of the network hashing power in one place just isn't healthy. When deepbit was DDOSed recently it took the network 50 minutes to solve 2 blocks. Ignoring any >50% attack, that simply isn't a healthy network. There is no reason we should be reactive to a possible problem, when we can be proactive and prevent it from being possible in the first place. If you people want to play with fire and tempt fate, so be it. It may never bite you in the ass, but if it does, kiss all this "free money" goodbye. |
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