fabiorem
|
|
May 08, 2019, 12:55:28 PM |
|
Any news on the China ban?
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2604
Merit: 12733
BTC + Crossfit, living life.
|
|
May 08, 2019, 01:07:05 PM |
|
Any news on the China ban?
Yeah looks bad, we just went from 5860 to 5845
|
|
|
|
vroom
Legendary
Offline
Activity: 1304
Merit: 1682
a Cray can run an endless loop in under 4 hours
|
|
May 08, 2019, 01:07:06 PM Last edit: May 08, 2019, 01:19:52 PM by vroom Merited by JayJuanGee (1) |
|
Stupid article, can't they write why the coins can't be spent? edit: I found the reason somewhere else. Every Bitcoin transaction carries information about the wallets it's going to and from, the reasons you know it's a valid transaction and so on. Without the right information, the Bitcoin can't be spent.
One of the improvements of SegWit is that it rearranges this information and packs it more efficiently. Bech32 addresses are designed to read that information in the new and more efficient way that SegWit arranges it. But if it's not packed correctly, they can't read it.
So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.
That's what happened here. About 7,000 Bitcoin worth $40 million are now stuck.
It's like the Binance Bitcoin went on vacation but forgot their passport, and now they're stuck in an airport for eternity because border control won't let them out without a passport. https://www.finder.com.au/binance-may-have-accidentally-burnt-40-million-in-segwit-migrationthese binance guys are trying to conceal a big mistake with a hack that never happened.
|
|
|
|
Torque
Legendary
Offline
Activity: 3654
Merit: 5226
|
|
May 08, 2019, 01:14:11 PM |
|
So Binance hacked itself and will reimburse the victims with Binance tokens?
Right out of the ol' Bitfinex playbook
|
|
|
|
|
VB1001
Legendary
Offline
Activity: 938
Merit: 2540
<<CypherPunkCat>>
|
|
May 08, 2019, 01:44:37 PM |
|
Bitstamp to Expand US Operations by Hiring Former Coinbase Exec Hunter MerghartEuropean crypto exchange Bitstamp has appointed a former Coinbase executive as head of United States operations, Finance Magnates reports on May 8.
Bitstamp, an entrant of the top 50 crypto trading platforms by daily trading volume, has hired Hunter Merghart in a move to expand its operations in the U.S., following the recent acquisition of a virtual currency license from New York state’s financial regulator.
Merghart will be based in New York and will focus on working with Bitstamps’ new and existing clients — particularly targeting institutional clients — the report notes. https://cointelegraph.com/news/bitstamp-to-expand-us-operations-by-hiring-former-coinbase-exec-hunter-merghart
|
|
|
|
AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
|
|
May 08, 2019, 01:47:34 PM |
|
Stupid article, can't they write why the coins can't be spent? edit: I found the reason somewhere else. .... So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again. ....
I read the above and still don't get the problem. What type of address was needed before sending to Bech32 and why was it unspendable? And how can it be unspendable if it is sent back to the company's wallet and thus "proves" it's an inside job?
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3906
Merit: 5241
Doomed to see the future and unable to prevent it
|
|
May 08, 2019, 01:49:11 PM |
|
^ Thats the thing about kenzawak.... you would never guess he’s actualy a french guy Does he shower?
|
|
|
|
nutildah
Legendary
Offline
Activity: 3080
Merit: 8288
Happy 10th Birthday to Dogeparty!
|
|
May 08, 2019, 01:54:09 PM |
|
^ Thats the thing about kenzawak.... you would never guess he’s actualy a french guy Does he shower? French Baths... That's cologne right?
|
|
|
|
vroom
Legendary
Offline
Activity: 1304
Merit: 1682
a Cray can run an endless loop in under 4 hours
|
|
May 08, 2019, 01:56:53 PM |
|
Stupid article, can't they write why the coins can't be spent? edit: I found the reason somewhere else. .... So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again. ....
I read the above and still don't get the problem. What type of address was needed before sending to Bech32 and why was it unspendable? And how can it be unspendable if it is sent back to the company's wallet and thus "proves" it's an inside job? My explanation, but I'm not an expert: I think bech32 needs a segwit source address to work. The transaction went from a legacy address to the bech32 address and a second destination, a legacy address. The coins from the second destination were sent back.
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2576
Merit: 2293
$120000 in 2024 Confirmed
|
|
May 08, 2019, 01:57:58 PM |
|
|
|
|
|
VB1001
Legendary
Offline
Activity: 938
Merit: 2540
<<CypherPunkCat>>
|
|
May 08, 2019, 01:59:08 PM |
|
The theme of Binance smells very bad.....
If with all the garbage that goes out we keep going up:
BTCullish !!!
|
|
|
|
jojo69
Legendary
Offline
Activity: 3262
Merit: 4476
diamond-handed zealot
|
|
May 08, 2019, 02:21:45 PM |
|
Wait...so how do any of the REST of us avoid such a "mistake"??...need more details!! Stupid article, can't they write why the coins can't be spent? edit: I found the reason somewhere else. Every Bitcoin transaction carries information about the wallets it's going to and from, the reasons you know it's a valid transaction and so on. Without the right information, the Bitcoin can't be spent.
One of the improvements of SegWit is that it rearranges this information and packs it more efficiently. Bech32 addresses are designed to read that information in the new and more efficient way that SegWit arranges it. But if it's not packed correctly, they can't read it.
So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.
That's what happened here. About 7,000 Bitcoin worth $40 million are now stuck.
It's like the Binance Bitcoin went on vacation but forgot their passport, and now they're stuck in an airport for eternity because border control won't let them out without a passport. https://www.finder.com.au/binance-may-have-accidentally-burnt-40-million-in-segwit-migrationthese binance guys are trying to conceal a big mistake with a hack that never happened.
|
|
|
|
VB1001
Legendary
Offline
Activity: 938
Merit: 2540
<<CypherPunkCat>>
|
|
May 08, 2019, 02:21:58 PM |
|
NEWS: We’ve rolled out a fleet of Bitcoin-selling rickshaws in Glasgow! It’s a fun way to show the public just how easy Bitcoin is to buy and spend with.
https://twitter.com/BitcoinsFast/status/1125770197112107008We have partnered with a local business to roll-out a fleet of Bitcoin-enabled pedal rickshaws on the streets of Glasgow. The rickshaws have been introduced to the city as an initial trial to demonstrate the ease and simplicity of buying and spending with Bitcoin to the general public.
Those wanting to ride the Fastbitcoins.com branded rickshaws can hail them once spotted, in the same way as regular cabs or rickshaws operating in the city. Passengers can choose to pay their fares in cash, but will also have an option to quickly and safely purchase Bitcoin vouchers from the back seat via a nifty point-of-sale terminal operated by the rider. Those who already possess the digital currency will be able to pay their fare using their own bitcoin on the Lightning Network. https://blog.fastbitcoins.com/peddling-bitcoin-weve-just-rolled-out-bitcoin-selling-rickshaws-the-streets-of-glasgow/Strange combination, a taxi with pedals and pay with BTC, nice.
|
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
May 08, 2019, 02:33:51 PM |
|
Wait...so how do any of the REST of us avoid such a "mistake"??...need more details!! Stupid article, can't they write why the coins can't be spent? edit: I found the reason somewhere else. Every Bitcoin transaction carries information about the wallets it's going to and from, the reasons you know it's a valid transaction and so on. Without the right information, the Bitcoin can't be spent.
One of the improvements of SegWit is that it rearranges this information and packs it more efficiently. Bech32 addresses are designed to read that information in the new and more efficient way that SegWit arranges it. But if it's not packed correctly, they can't read it.
So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.
That's what happened here. About 7,000 Bitcoin worth $40 million are now stuck.
It's like the Binance Bitcoin went on vacation but forgot their passport, and now they're stuck in an airport for eternity because border control won't let them out without a passport. https://www.finder.com.au/binance-may-have-accidentally-burnt-40-million-in-segwit-migrationthese binance guys are trying to conceal a big mistake with a hack that never happened. Better a mistake than a true blue hack, it means their security is more solid than thought. A mistake that didn't use to be possible. It's almost like segwit is causing some new and exciting problems.
|
|
|
|
Lambie Slayer
|
|
May 08, 2019, 02:40:59 PM |
|
“And I think the people who are professional traders that go into trading cryptocurrencies, it’s just disgusting. It’s like somebody else is trading turds and you decide, ‘I can’t be left out.'”
bitcoin investors "celebrate the life and work of Judas Iscariot"
Charlie ButtMunger
I predict either or both Charlie ButtMunger and Warren Buttfet will be dead before the 100k Party. The stress of King Bitcoin ascending to glory will be too much for these old tards and help send them to an early grave. Good riddance you pieces of shit.
|
|
|
|
|
Torque
Legendary
Offline
Activity: 3654
Merit: 5226
|
|
May 08, 2019, 02:44:40 PM |
|
Of course they would have enough BTC to cover, if they faked their own hack. Not saying they did tho. Who really knows. But here's the thing everyone should remember: There will be no new Bull Run without plenty of FUD and fake bullshit to accompany it every step of the way. Not gonna happen.
|
|
|
|
Torque
Legendary
Offline
Activity: 3654
Merit: 5226
|
|
May 08, 2019, 02:49:23 PM |
|
“And I think the people who are professional traders that go into trading cryptocurrencies, it’s just disgusting. It’s like somebody else is trading turds and you decide, ‘I can’t be left out.'”
bitcoin investors "celebrate the life and work of Judas Iscariot"
Charlie ButtMunger
I predict either or both Charlie ButtMunger and Warren Buttfet will be dead before the 100k Party. The stress of King Bitcoin ascending to glory will be too much for these old tards and help send them to an early grave. Good riddance you pieces of shit.
Funny that ol' Charlie never applies the same "ethics" to trading or investing any of those S&P 500 or Fortune 500 companies that have sky high valuations but at this point are COMPLETELY INSOLVENT FUCKING ZOMBIE COMPANIES. GE, anyone? Bueller?
|
|
|
|
|