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

[AlexGR]

This is such bullshit. Bitcoin is a ticking bug-bounty... A $100 trezor!

It is, but bitcoin wasn't hacked. Bitfinex was

[1714747813]

1714747813

[European Central Bank]

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

[adamstgBit]

i get that this might come off as really optimistic but...

bitfinex is a massive entity, its not impossible they can handle the loss and work on farcical reserves for a few years?
i mean banks work with <10% farcical reserves??? why cant bitfinex work with like 50%

[Holliday]

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

I can't wait to sell my coins on the rollback fork.

[marcus_of_augustus]

Bitcoin exchanges have been getting hacked regularly since 2011, especially the biggest ones ... only fucking idiots would know this and keep their coins on an exchange ...
https://bitcointalk.org/index.php?topic=576337

basically if you send coins to an exchange you should consider them coins GONE.

[savetherainforest]

LoL ... this guy could write prophecies... https://www.youtube.com/watch?v=ZxkKkN0hluk


He actually said it will go under 660$ .. till somewhere 615$ ... then go up in stairs... is the 2nd time I listen to the madness of the guy... (first time was in September/October last year when I listened what he had to say)

He proves to be a good source... maybe even more luck in the future!  

[AlexGR]

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

[becoin]

positive note: all that exaggerated halving-positivity is vapourized.

Personally speaking I was expecting something like that to happen. Price suppression post-halving could last for so long without some source of coins, so they would have to "find" coins through other means (like hacks). Hacking for coins is an act of desperation for market suppression, yet fundamentals are stronger than pre-halving: Inflation is now -657.000 coins less per year than what it was pre-halvening. So even 110k coins is just 1 months supply at pre-halvening rate.

I was expecting something like that too. All those "hacks" can be done only with help from insiders.

[USB-S]

EVERY YEAR THE SAME FUCKING SHIT!

[hdbuck]

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

thats not a HF proposal, just bribing the miners to 51% attack the network.

[Mrpumperitis]

Kraken just did and soon many more exchanges will tell customers....
DO NOT USE EXCHANGES AS WALLETS  

[lemmyK]

AN ERROR HAS OCCURED
Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble!

Coinbase..      

[AlexGR]

AN ERROR HAS OCCURED
Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble!

Coinbase..      

Bank-run every m'f'ing exchange. That's how price will rebound fast. Half of them are doing fractional reserve banking.

[adamstgBit]

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

thats not a HF proposal, just bribing the miners to 51% attack the network.

idk how i feel about that.

[Derek492]

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

[marcus_of_augustus]

AN ERROR HAS OCCURED
Don't worry, we've been notified about the issue and are taking a look. Please try again in a few minutes, or if the problem persists feel free to add a Bug Report. Sorry for the trouble!

Coinbase..      

well a run on Coinbase was well underway before this ... so now if you have coins on coinbase those are basically gone ... idiots.

bitcoin is not for idiots, yet.

Coinbased before you're Finexed

[LordCoder]

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

People don't remember. That's the key factor for a security researcher to perform the attack. If there was no BTC, why would they do this?  

[Hyperjacked]

I went for a shower... missed all the fun...  

I see a lot of explosions happening... and 2nd degree burns... Run bears... run!!!

The Bears are eating like kings n drinking gin n juice...

[Mrpumperitis]

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

not really , what about every transaction that has happened with the hacked coins since the past few hours and maybe even before Bitfinex even knew they were hacked...the coins have prob moved several times to several dif wallets.

[andyatcrux]

https://np.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61ro84?context=1

what does everyone make of this?

'Zane, this is many times larger than the block reward for the duration of time that has elapsed. Have you considered getting a list of transactions to blacklist and getting miners to reorg the theft? The window of time for that hasn't closed.
(If this happened in the last day, then that's 12.5*144 blocks = 1,800 BTC in subsidy. That's <2% of the hack.)'

from a core developer.

Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).

thats not a HF proposal, just bribing the miners to 51% attack the network.

idk how i feel about that.