keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 18, 2014, 01:18:46 AM |
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There are a lot of people waiting to take profits off the table as soon as we cross $600... Either that or a lot of people trying to cut losses..
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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TERA
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June 18, 2014, 01:19:15 AM |
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Technically the attacker stole computing power from a service a provider; he didn't steal dogecoins. It wasn't crypto's fault.
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 18, 2014, 01:19:45 AM |
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'tis nothing, scrypt asics will make this kind of thing obsolete. I wonder how monero mining will do, since it seems to be quite ASIC resistant, and the anonymity factor should be a bonus to would-be botnet miners...?
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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June 18, 2014, 01:25:45 AM |
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Technically the attacker stole computing power from a service a provider; he didn't steal dogecoins. It wasn't crypto's fault. even if he did, it wouldn't have been
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 18, 2014, 01:29:13 AM |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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June 18, 2014, 01:38:39 AM |
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why, are you heavily invested in DOGE? no I'm not invested in doge , make most of my money off of crypto alts tho, so this is kind of shocking that a hacker could be so clever enough to pull this off.. sorry for the misunderstanding I have never been a doge fan btw lol
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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June 18, 2014, 01:44:01 AM |
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Technically the attacker stole computing power from a service a provider; he didn't steal dogecoins. It wasn't crypto's fault. even if he did, it wouldn't have been very true, its the vulnerability of it all, seems hackers just keep finding ways to steal other peoples coins or get coins they didn't earn or pay for lol amazing
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KFR
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June 18, 2014, 01:50:46 AM |
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What the hacker did is not shocking - botnet nodes are installed anywhere and everywhere they can get their hands on these days for all kinds of purposes. That bit ain't hard. It ain't hard because dumb people and bad IT departments don't take sufficient precautions. No mystery there - if you don't want someone driving off in your car, don't leave the keys in it etc. What was shocking was how much time passed while neither the hardware supplier involved nor any of their customers worked out that their equipment was both vulnerable and being used by an unknown third party. But at the end of the day a $200k heist of distributed computing power amounts to less than a drop in the ocean. We're talking homeopathic levels.
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 18, 2014, 02:00:58 AM |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 18, 2014, 02:07:39 AM |
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We're talking homeopathic levels.
Don't homeomorphize hashes -- they hate that.
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KFR
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June 18, 2014, 02:15:15 AM |
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On an unrelated note, Huobi order book is looking interesting at the moment.
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 18, 2014, 02:27:24 AM |
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On an unrelated note, Huobi order book is looking interesting at the moment. Reminds me of october/november, when coins would run out but demand would just keep ripping through the hail-mary offers faster than you could bid. But it would get arbed now. Supply would come.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 18, 2014, 02:44:12 AM |
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STT
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Activity: 3906
Merit: 1414
Leading Crypto Sports Betting & Casino Platform
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June 18, 2014, 02:51:24 AM |
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^^ Thats not a statement on btc or gold, its a comment on dollars. You could put a picture of anything in there, custard slices 2016 $1,000!!!!!! Just had the highest rise in core inflation for 3 years..
Iam amazed he was using cpu mining and doge is really high difficulty for an alt coin. Sounds like an incredible waste of energy and those poor lagged users betrayed by another useless IT dept fobbing them off with all sorts of crap no doubt. Eventually users start quitting or not renewing their contracts, hence the months long time to discover and/or do any investigative action
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 18, 2014, 03:01:07 AM |
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Richy_T
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 18, 2014, 03:52:16 AM |
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Once I met at lunch the prof from our Mechanical Engineering dept who wrote the report that pointed out the problem and eventually convinced the government to order the recall. It was not a easy struggle to overcome the Fiat lobbyists and lawyers, and I don't think that he got more than his expenses refunded.
Which just goes to show that sensible academics don't support fiat.
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 18, 2014, 04:00:56 AM |
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Richy_T
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Activity: 2436
Merit: 2121
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 18, 2014, 04:08:25 AM |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 18, 2014, 04:13:01 AM |
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I still like him better in Pulp Fiction.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 18, 2014, 05:00:55 AM |
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