Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

[Cconvert2G36]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

They better publish a proof of solvency after this.

You never thought someone would order a plate of onion rings, eat them, and walk out the door? Think again...

[marcus_of_augustus]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

They better publish a proof of solvency after this.

You never thought someone would order a plate of onion rings, eat them, and walk out the door? Think again...

whoulda thunk huh? 

if it can be broken it will be broken, it's the mechanism by which an anti-fragile system evolves.

Coinbase has a deficient business model based on fictional technology that doesn't exist, the sooner they find out the better, they should be thanking petertodd.

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

They better publish a proof of solvency after this.

You never thought someone would order a plate of onion rings, eat them, and walk out the door? Think again...

whoulda thunk huh? 

if it can be broken it will be broken, it's the mechanism by which an anti-fragile system evolves.

Coinbase has a deficient business model based on fictional technology that doesn't exist, the sooner they find out the better, they should be thanking petertodd.

Of course it could be done, it's been that way all along. Chief Scientist Viacoin just made it a little easier. Before he makes it really easy.

For larger amounts Coinbase waits for 3 confirmations. It's just like a restaurant, the majority of honest customers will pick up the slack on the dine'n'dashers. If the burden of fraud is too great, they'll eliminate the option.

Peter and you thinking this is a surprise is the "whoulda thunk it" part.

[yefi]

At the moment, seems all good to me.. and I see no major censorship, as seems to be implied by several posters who are asserting their opposition to recent administrator banning actions...

Sure, if you can stomach all of the ad campaigns and all of the disingenuous posts they generate.

[Cconvert2G36]

At the moment, seems all good to me.. and I see no major censorship, as seems to be implied by several posters who are asserting their opposition to recent administrator banning actions...

Sure, if you can stomach all of the ad campaigns and all of the disingenuous posts they generate.

So... you think price may raise to $500 tonight? or tomorrow than?

[ChartBuddy]

Coin



Explanation

[Fatman3001]

At the moment, seems all good to me.. and I see no major censorship, as seems to be implied by several posters who are asserting their opposition to recent administrator banning actions...

Sure, if you can stomach all of the ad campaigns and all of the disingenuous posts they generate.

So... you think price may raise to $500 tonight? or tomorrow than?

I too am having the same question in my mind. It is a question I think we all should be concerned with henceforth.

[Elwar]

At the moment, seems all good to me.. and I see no major censorship, as seems to be implied by several posters who are asserting their opposition to recent administrator banning actions...

Sure, if you can stomach all of the ad campaigns and all of the disingenuous posts they generate.

So... you think price may raise to $500 tonight? or tomorrow than?

I too am having the same question in my mind. It is a question I think we all should be concerned with henceforth.

I think it will be a while before that happens.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

At the moment, seems all good to me.. and I see no major censorship, as seems to be implied by several posters who are asserting their opposition to recent administrator banning actions...

Sure, if you can stomach all of the ad campaigns and all of the disingenuous posts they generate.

So... you think price may raise to $500 tonight? or tomorrow than?

I too am having the same question in my mind. It is a question I think we all should be concerned with henceforth.

I think it will be a while before that happens.

That's some solid advice. Thx!

[mybitcoincharts]

Try this as a custom uBlock origin filter:

Code:

bitcointalk.org###quickModForm > .bordercolor > tbody .signature

This and generous use of the ignore button almost makes this forum readable

[celebreze32]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

There was someone here who claimed he had a Coinbase account and he discovered a vulnerability in their site which he told them about and got paid for. He said he discovered another vulnerability, told them about it, then his account was closed and he was banned.

If he was telling the truth Coinbase was asking for trouble.

[ChartBuddy]

Coin



Explanation

[sAt0sHiFanClub]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

There was someone here who claimed he had a Coinbase account and he discovered a vulnerability in their site which he told them about and got paid for. He said he discovered another vulnerability, told them about it, then his account was closed and he was banned.

If he was telling the truth Coinbase was asking for trouble.

Nobody likes a clever dick.

[celebreze32]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

There was someone here who claimed he had a Coinbase account and he discovered a vulnerability in their site which he told them about and got paid for. He said he discovered another vulnerability, told them about it, then his account was closed and he was banned.

If he was telling the truth Coinbase was asking for trouble.

Nobody likes a clever dick.

I can't remember his bitcointalk username, but I found this post that could be about it.

Bitcoin exchange Coinbase has posted a comprehensive response to the recent bounty controversy. Yesterday, we first reported that the bitcoin exchange had surprisingly banned a user who helped them fix a vault bug that saved the San Francisco-based company from potential losses of millions of dollars.

Rob Witoff of Coinbase discussed the Company’s bug bounty program, which calls for a minimum of $100 reward for bringing coding bugs and possible exploits to notice. There is no higher end to the rewards as of yet, but identifying and demonstrating how Remote Code Execution vulnerability can be exploited leads the pack with a bounty of $10,000. The bitcoin exchange revealed that it has paid a total of $103,801 in bounties since beginning the program in 2013, and is even looking forward to expanding this program.


http://www.newsbtc.com/2015/12/22/bitcoin-exchange-coinbase-comes-clean-on-bounty-controversy/

Coinbase told Newsbtc that it had never banned anyone for reporting a bug, but Newsbtc posted this message sent to someone who said he was banned for it. Nobody likes a clever dick, but Coinbase should swallow its pride and pay white hat hackers, not ban them.

[hdbuck]

At 2:30 this morning @petertoddbtc committed a double-spend attack on @Coinbase by buying me Reddit gold and then redirected the payment

https://www.reddit.com/r/Bitcoin/comments/40ejy8/peter_todd_with_my_doublespendpy_tool_with/

https://twitter.com/petertoddbtc/status/686362883756695553

There was someone here who claimed he had a Coinbase account and he discovered a vulnerability in their site which he told them about and got paid for. He said he discovered another vulnerability, told them about it, then his account was closed and he was banned.

If he was telling the truth Coinbase was asking for trouble.

Nobody likes a clever dick.

I can't remember his bitcointalk username, but I found this post that could be about it.

Bitcoin exchange Coinbase has posted a comprehensive response to the recent bounty controversy. Yesterday, we first reported that the bitcoin exchange had surprisingly banned a user who helped them fix a vault bug that saved the San Francisco-based company from potential losses of millions of dollars.

Rob Witoff of Coinbase discussed the Company’s bug bounty program, which calls for a minimum of $100 reward for bringing coding bugs and possible exploits to notice. There is no higher end to the rewards as of yet, but identifying and demonstrating how Remote Code Execution vulnerability can be exploited leads the pack with a bounty of $10,000. The bitcoin exchange revealed that it has paid a total of $103,801 in bounties since beginning the program in 2013, and is even looking forward to expanding this program.


http://www.newsbtc.com/2015/12/22/bitcoin-exchange-coinbase-comes-clean-on-bounty-controversy/

Coinbase told Newsbtc that it had never banned anyone for reporting a bug, but Newsbtc posted this message sent to someone who said he was banned for it. Nobody likes a clever dick, but Coinbase should swallow its pride and pay white hat hackers, not ban them.

So the bit coin is dead?

[equipoise]

and do that while maintaining the integrity of the system. Not people tinkering with an existing variable that has known tradeoffs if you set it lower or higher.

Because 1MB was not arrived at arbitrarily, but through exhaustive research and testing?

You're not saying that 1MB is simply a meaningless number Satoshi randomly selected because it was always meant to be increased long before it was reached, are you? Because that couldn't be the truth of the situation according to what blockstream says.

Satoshi selected a much bigger number originally (was it 32MB?). It was changed temporary to 1MB for reasons already in the past and not in effect at the current moment.