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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26382087 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
KFR
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February 11, 2014, 03:43:59 PM
 #86201

I'm getting most of my transactions "malleated" right now, so what? The original transactions never confirm, but the "malleated" ones do and they are registered correctly by Bitcoin-QT. You just see all your transactions twice, one is confirmed and the other will never be, so what? Balance is displayed correctly by QT because the standard implementation handles correctly malleated transactions.

What could be the motivations of whoever is doing this?  

To exploit an MtGOX-like bug on any exchange or system that may happen to have such a bug?

There's no "exploit" unless you use a custom software that uses "transaction ID's" as the only element to check transaction, and then you let someone to "social engineer" you by making you believe they never received the money you sent them.

If you use the reference implementation (bitcoind/Bitcoin-QT) your wallet will show BOTH transactions (the "malleated" and the original one) and will display the CORRECT balance, so there is really no way for you to be social engineered. If you use a custom implementation that only cares about txid, then probably the "malleated" transaction won't show up in your client/accounting system, leaving the door open to a social engineering attack.

TL;DR: whoever is trying to "malleate" as many transactions as possible is doing it either for shit and giggles, either for trying to spread some panic among novices and thus induce panic selling.



Well said Rampion. Smiley
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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February 11, 2014, 03:44:36 PM
 #86202

whats going on??
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February 11, 2014, 03:47:38 PM
 #86203

whats going on??

The usual. Nothing to worry about. It's just Bitcoin, you know. Keep caml and hodl Cheesy And, if you have funds on an exchange, be ready to buy - place a few optimistically low bids now.
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February 11, 2014, 03:48:14 PM
 #86204

BTC-e are really professional and there is no reason to panic. Yesterday they were upgrading the wallets also.
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February 11, 2014, 03:50:25 PM
 #86205

Oh wow! Fiverr accepts Bitcoin! That's very nice news.
You can start panic selling now.

Never heard of the service. Can sellers be paid out in Bitcoin as well?

It's quite big. It should boost confidence a lot. But as expected we are going down. Because good news is omg sell. Nah, i know it's coincidence but still. There should be no reason to go down but no amount of good news can stop
It.

I hope they will pay with BTC as well.
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February 11, 2014, 03:51:17 PM
 #86206

whats going on??

Omg panic. Over nothing. What else?
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February 11, 2014, 03:54:30 PM
 #86207

MtGox is broken.
The Blackhat hackers are broken
The sheeple panicking are broken.
But Bitcoin works correctly.
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February 11, 2014, 03:56:04 PM
 #86208

Linked from Reddit

http://falkvinge.net/2014/02/11/the-embarrassing-fact-mtgox-left-out-of-their-press-release/
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February 11, 2014, 04:04:40 PM
 #86209

Done with Gox
Explanation

Awesome, done with gox  Grin
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February 11, 2014, 04:06:22 PM
 #86210

Shame on the Bitcoin developers  Angry Gox is a rebel
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February 11, 2014, 04:11:20 PM
 #86211

off topic, but already mentioned here, coincidentally  about 30 minutes before it happened to me i read it here, but i just got spammed on my 1 month old phone wallet(used a handful of times) by the 1Enjoy address.

any relevant info?
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February 11, 2014, 04:11:31 PM
 #86212

if i asked you on november 30th, when bitstamp was about to hit $ 1100,- and everyone was expecting the bubble to burst any moment, where btc price would be in after

-china "bans" bitcoin
-russia declares btc illegal
-apple bans the last last wallet app
-gox stops btc withdrawels
-gox releasing a press release making it sound btc code is broken  

?

around $ 700 you say ?  Wink
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February 11, 2014, 04:26:56 PM
 #86213

if i asked you on november 30th, when bitstamp was about to hit $ 1100,- and everyone was expecting the bubble to burst any moment, where btc price would be in after

-china "bans" bitcoin
-russia declares btc illegal
-apple bans the last last wallet app
-gox stops btc withdrawels
-gox releasing a press release making it sound btc code is broken  

?

around $ 700 you say ?  Wink

With all this FUD, I reckon we can get ~600$/coin if we place bids today and pray
Walsoraj
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February 11, 2014, 04:30:44 PM
 #86214

http://www.reuters.com/article/2014/02/11/usa-fiscal-idUSL2N0LG13520140211

Looks like there won't be an epic fight over the debt ceiling.

Bad news for bitcoin keeps flowing.
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February 11, 2014, 04:33:35 PM
 #86215

http://www.reuters.com/article/2014/02/11/usa-fiscal-idUSL2N0LG13520140211

Looks like there won't be an epic fight over the debt ceiling.

Bad news for bitcoin keeps flowing.

You call raising the debt ceiling bad news for bitcoin? I think that's bullish for bitcoin actually, but I doubt the market will even care right now.
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February 11, 2014, 04:35:30 PM
 #86216

http://www.reuters.com/article/2014/02/11/usa-fiscal-idUSL2N0LG13520140211

Looks like there won't be an epic fight over the debt ceiling.

Bad news for bitcoin keeps flowing.

You call raising the debt ceiling bad news for bitcoin? I think that's bullish for bitcoin actually, but I doubt the market will even care right now.

the market will care if and when this crap start affecting consumer prices.


inflation proof asset, bitcoin is.
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February 11, 2014, 04:36:19 PM
 #86217

gox is shitting on its own doorstep.
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February 11, 2014, 04:38:30 PM
 #86218

So we had warnings, bans, tefts, bugs FUD. Anything else ? Can we go back to good news ?
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February 11, 2014, 04:43:10 PM
 #86219

So we had warnings, bans, tefts, bugs FUD. Anything else ? Can we go back to good news ?

There are cheap coins on offer.  How is that not good news for speculators and investors alike?
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February 11, 2014, 04:45:57 PM
 #86220

Btc-e withdrawals working again

https://twitter.com/btcecom/status/433279984614899712
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