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

[ShroomsKit]

Bitcoin is currently in a denial of service mode.

"aantonop: Tx malleability is now used in active broad-based attack against bitcoin network. Funds NOT at risk, but Denial-of-Service in progress"


Meanwhile many Bitstamp and btc-e withdrawals have gone AWOL.
https://bitcointalk.org/index.php?topic=459836.40
https://bitcointalk.org/index.php?topic=459464.0


Some panic is in order. Kindly SELL in orderly fashion, before we hit the cliff.

What is there to panic?

[fonzie]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

@ShroomsKit - Ready to get burned once again ? 

[ChartBuddy]

Done with Gox
Explanation

[fonzie]

So it seems that all Coins are now so called Gox(coins) will they be cheaper than stuck(Stamp)coins or (BTC-E)coins.

LOLOL @ flawless technology

Edit: (Die Bitcoin die )

DOGE FTW

[podyx]

hmm maybe time to sell?

[JorgeStolfi]

So, the general position of other exchanges seems to be "our software did not have MtGOX's bug, and now we have removed it".   

[aminorex]

http://www.coindesk.com/jpmorgan-report-bitcoin-inferior-fiat-currency/

"“Recall that currencies don’t become widely used spontaneously or through a grassroots campaign. They become widely used nationally because a government declares them legal tender, and they become widely used internationally because they are legal tender in a significant economic area with large, unrestricted capital markets.”

Yea, governments sanctioned facebook twitter p2p arab spring and so much of what else that's been happening lately ...

Currencies have always become widely used spontaneously and through a grassroots campaign.  Fiat currency as we know it today has only existed since 1971.  It is an experiment, and it appears to be failing.  Every government issued currency has inevitably failed, with the exception of those currently in use.

Anyone who would believe JPMorgan's comments on currency deserves what they get.  I pity their children, however.

[Rannasha]

Bitstamp temporarily suspends BTC withdrawals due to ongoing transaction malleability ddos attack:
https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

MtGox could learn a lesson or two about how to do a press release from Stamp.

[Tzupy]

Bitstamp BTC withdrawals suspended:
https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

Edit: you beat me by 12 seconds!

[pera]

 

[fonzie]

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

[pietje]

There we go again.

Looks like the exchanges (except gox) have the situation under control though.

[fonzie]

BTC-e withdrawal issues?

https://bitcointalk.org/index.php?topic=459464.0

[adsdas]

I wonder how low we will go this time  

[aminorex]

So, the general position of other exchanges seems to be "our software did not have MtGOX's bug, and now we have removed it".   

Caution with customer funds during an ongoing DDOS attack is warranted.  Better to let the facts emerge, and be reasoned upon, before risking anyone's bitcoin.  

[fonzie]

I wonder how low we will go this time  

100$ probably even lower

[Ivanhoe]

Despite the price going lower the ask side is not really building up. I hate to scream manipulation... but

[JCviggen]

So, the general position of other exchanges seems to be "our software did not have MtGOX's bug, and now we have removed it".   

This is slightly different, the problem at Gox is that they're using txids for things they were not meant to do.

The problem everyone else has right now is that the same exploit/feature is being used for network wide DOS. It's freaking out systems and preventing transactions but there is no chance of any BTC being stolen out of any exchange that wasn't programmed like Gox.

[Dragonkiller]

standard bank news is huge

[podyx]

not sure if i should sell here or just HODL