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

[N12]

Bought some more. God bless MtGox!

[1714121918]

1714121918

[joburgtaxi]

Guess Bitcoin is not mainstream enough yet 

[TPN]

Guess Bitcoin is not mainstream enough yet 

rofl

[fonzie]

Mt.Gox seems to be ready to

[N12]

Mark Karpeles – because he's the hero Bitcoin deserves!

[gizmoh]

Mark Karpeles – because he's the hero Bitcoin deserves!

Karpeles for President, the true saviour 

[mah87]

Going to 450$ in 1hour

[magicmexican]

Looks like Goxcoin is not doing well

[mah87]

Looks like Goxcoin is not doing well

Bitstamp will follow

[joburgtaxi]

Looks like Goxcoin is not doing well

Bitstamp will follow

Bitstamp halts withdraws

www.wired.com/wiredenterprise/2014/02/bitcoin-ddos

touch.latimes.com/#section/-1/article/p2p-79263375/

[delphic]

Bitcoin Fail as a payment system. Money sent never arrives.. Hey Mark your were right, kudos!
Fonzie do relay this to all media..

https://bitcoinfoundation.org/blog/?p=422

Update on Transaction Malleability
Gavin Andresen    Feb 11 2014

You may have noticed that some exchanges have temporarily suspended withdrawals and wondering what’s going on or more importantly, what’s being done about it. You can be rest assured that we have identified the issue and are collectively and collaboratively working on a solution.
 
Somebody (or several somebodies) is taking advantage of the transaction malleability issue and relaying mutated versions of transactions. This is exposing bugs in both the reference implementation and some exchange’s software.
 
We (core dev team, developers at the exchanges, and even big mining pools) are creating workarounds and fixes right now. This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds.
 
Users of the reference implementation who are bitten by this bug may see their bitcoins “tied up” in unconfirmed transactions; we need to update the software to fix that bug, so when they upgrade those coins are returned to the wallet and are available to spend again. Only users who make multiple transactions in a short period of time will be affected.
 
As a result, exchanges are temporarily suspending withdrawals to protect customer funds and prevent funds from being misdirected.
 
Thanks for your patience. Follow us @BTCFoundation for updates as we learn more and make progress.

So the bitcoin protocol is robust, the malleability flaw is not causing bitcoins to be lost or misdirected, the problem is known and being ironed out, correctly implemented wallets are not vulnerable to malleabilty, the developer community is tidying the protocol up, and my bitcoins, which I bought last year, are still worth much more than what I paid for them.

I'm in tears. Honestly, I am devastated.

[gizmoh]

Looks like Goxcoin is not doing well

Bitstamp will follow

Bitstamp halts withdraws

www.wired.com/wiredenterprise/2014/02/bitcoin-ddos

touch.latimes.com/#section/-1/article/p2p-79263375/

As Bitstamp battles against these attacks, it’s also worth noting that the Slovenian exchange is not listed as a money services business with FINCEN, the U.S. agency that registers money transmitters — even though it accepts US customers.

Frankly, i'm more worried about this issue highlighted above.  Where to store fiat when coins becomes cheap..?

[gizmoh]

So the bitcoin protocol is robust, the malleability flaw is not causing bitcoins to be lost or misdirected, the problem is known and being ironed out, correctly implemented wallets are not vulnerable to malleabilty, the developer community is tidying the protocol up, and my bitcoins, which I bought last year, are still worth much more than what I paid for them.

I'm in tears. Honestly, I am devastated.

Bitcoin-QT latest client is vulnerable see: https://bitcointalk.org/index.php?topic=460944.0

Of course it only "damage the perception of Bitcoin as a credible payment network".

[fonzie]

@gizmoh

Thanks for the update, you´re work is really appreciated.

[modrobert]

After reading post after post with gox cursing, and then bitstamp go and do the same thing.   

[pinky]

As Bitstamp battles against these attacks, it’s also worth noting that the Slovenian exchange is not listed as a money services business with FINCEN, the U.S. agency that registers money transmitters — even though it accepts US customers.

Frankly, i'm more worried about this issue highlighted above.  Where to store fiat when coins becomes cheap..?

I wouldn't called it Slovenian anymore, because they moved their head office to London where are registered as LTD.

But you are very correct about not being registered with FINCEN - I predict that this will be huge problems in the future as FBI might want to arrest CEO of Bitstamp, I am pretty sure they will find connections to money laundering.

[ChartBuddy]

Done with Gox
Explanation

[stompix]

As Bitstamp battles against these attacks, it’s also worth noting that the Slovenian exchange is not listed as a money services business with FINCEN, the U.S. agency that registers money transmitters — even though it accepts US customers.

Frankly, i'm more worried about this issue highlighted above.  Where to store fiat when coins becomes cheap..?

And your point here is?

The point is that Bitstamp might be forced to let go of it's Us customers if they don't want to get into trouble.
Or register to avoid another mess.

[gizmoh]

As Bitstamp battles against these attacks, it’s also worth noting that the Slovenian exchange is not listed as a money services business with FINCEN, the U.S. agency that registers money transmitters — even though it accepts US customers.

Frankly, i'm more worried about this issue highlighted above.  Where to store fiat when coins becomes cheap..?

And your point here is?

My point here is Bitstamp should register with FinCen even if they don't have US bank accounts, just to be on the safe side.

Also they are allowing purchase of Ripple.. Let me quote gox puppet 'sturle' on this:

Bitstamp is in obvious violation of EU regulations, and could be closed any time. (Issuing Ripple USD, which is electronic money according to Directive 2009/110/EC, without proper authorisation.)

[stompix]

As Bitstamp battles against these attacks, it’s also worth noting that the Slovenian exchange is not listed as a money services business with FINCEN, the U.S. agency that registers money transmitters — even though it accepts US customers.

Frankly, i'm more worried about this issue highlighted above.  Where to store fiat when coins becomes cheap..?

And your point here is?

My point here is Bitstamp should register with FinCen even if they don't have us bank accounts, just to be on the safe side.
Also they are allowing purchase of Ripple.. Let me quote gox puppet 'sturle' on this:
Bitstamp is in obvious violation of EU regulations, and could be closed any time. (Issuing Ripple USD, which is electronic money according to Directive 2009/110/EC, without proper authorisation.)

I wonder if the guys behind gox really want to go down while dragging everyone they can down to hell...