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

[dz5]

Couldn't take it anymore, had to make an account so I could ignore the ripple guy.

[NotLambchop]

*boop*

[YogoH]

Did that buy come off the wall?

[bzzard]

https://xrptalk.org/topic/4156-email-from-justcoin-about-their-hacking/

"A network-wide weakness in how both Ripple and Stellar communicated transactions was exploited by an unknown third-party to to deposit false IOUs through Ripple/Stellar to Justcoin. These were consequently withdrawn to their own payment networks as native currencies. The result was that our hotwallets were emptied. Most of our customers' funds is in cold storage but the amounts were still significant. Justcoin will not operate as a fractional reserve and therefore we decided to lock down all services affected until we had a solution ready."

[BlindMayorBitcorn]

By the way bitcoin is not more a store of value than ripple... seriously...

Bitcoin tends to appeal to techie druggy speculators and degenerate gambler types. What is Ripple's demographic?

professionals

Ugh. No thank you

[Davyd05]

Did that buy come off the wall?

think its there still 29xx at 360.09 or something like that

[Walsoraj]

https://xrptalk.org/topic/4156-email-from-justcoin-about-their-hacking/

"A network-wide weakness in how both Ripple and Stellar communicated transactions was exploited by an unknown third-party to to deposit false IOUs through Ripple/Stellar to Justcoin. These were consequently withdrawn to their own payment networks as native currencies. The result was that our hotwallets were emptied. Most of our customers' funds is in cold storage but the amounts were still significant. Justcoin will not operate as a fractional reserve and therefore we decided to lock down all services affected until we had a solution ready."

Stop spreading FUD or I delete your post and ban your ass. 

[brg444]

By the way bitcoin is not more a store of value than ripple... seriously...

 

you right, as good a store a value as fiat

[mah87]

https://xrptalk.org/topic/4156-email-from-justcoin-about-their-hacking/

"A network-wide weakness in how both Ripple and Stellar communicated transactions was exploited by an unknown third-party to to deposit false IOUs through Ripple/Stellar to Justcoin. These were consequently withdrawn to their own payment networks as native currencies. The result was that our hotwallets were emptied. Most of our customers' funds is in cold storage but the amounts were still significant. Justcoin will not operate as a fractional reserve and therefore we decided to lock down all services affected until we had a solution ready."

Well justcoin are blaming others for not having properly configure the software... This is not a weaknesses that has been exploit but and option badly set...

[mah87]

By the way bitcoin is not more a store of value than ripple... seriously...

 

you right, as good a store a value as fiat

fiat is a far better store of value than btc or xrp if you bought in december... or even 2months ago !

[hdbuck]

https://xrptalk.org/topic/4156-email-from-justcoin-about-their-hacking/

"A network-wide weakness in how both Ripple and Stellar communicated transactions was exploited by an unknown third-party to to deposit false IOUs through Ripple/Stellar to Justcoin. These were consequently withdrawn to their own payment networks as native currencies. The result was that our hotwallets were emptied. Most of our customers' funds is in cold storage but the amounts were still significant. Justcoin will not operate as a fractional reserve and therefore we decided to lock down all services affected until we had a solution ready."

Justcoin cannot and will not accept taking the responsibility for this weakness in the network. It is caused by a feature that is poorly documented and has been present in both Ripple and Stellar for a long time. Other gateways, exchanges and native transaction explorers have also been affected. There is also documented that the security vulnerability has been known by the network developers for at least 2 months without any kind of explicit and direct warning to affected gateways and other services. A thorough and technical explanation of the weakness can be read here: https://medium.com/@...ld-29aaefd8a7ac .

[SkyValeey]

Silly wall want to boost price when "natural" move would be correction below 350 imo.

[MICRO]

Adam, this poll is no longer useful

[Richy_T]

By the way bitcoin is not more a store of value than ripple... seriously...

Bitcoin tends to appeal to techie druggy speculators and degenerate gambler types. What is Ripple's demographic?

People who laugh at jokes they don't get.

[fonzie]

Silly wall want to boost price when "natural" move would be correction below 350 imo.

Oh no that damn upwards manipulators is ruining the "real" price of BTC. aka "i sold/shorted too low  and want to buy back".

Close your shorts or get raped you fools.

[BlindMayorBitcorn]

Silly wall want to boost price when "natural" move would be correction below 350 imo.

Oh no that damn upwards manipulators is ruining the "real" price of BTC. aka "i sold/shorted too low  and want to buy back".

Close your shorts or get raped you fools.

No kidding. It's like too many people lose now if we go moon

[NotLambchop]

Lol @ mobile wall=>Chinese screen.

[fonzie]

Just found this. Totally off-topic but still "funny"

Well, the dev promised me honesty. What is honest about a dev promoting his coin at 2k sats, screaming that it's cheap? I trusted Mario with my BTC. And what's left? Just 2 BTC worth of crap. I invested 20 BTC in this coin because the dev told me this was cheap.

So I demand a pump from him. I have mouths to feed.

 


 

 

Dat altcoin logic.

[inca]

'Natural move' ..must be new here

[elux]

By the way bitcoin is not more a store of value than ripple... seriously...

Ripple & Stellar both got rekt this weekend.

Dear Justcoin user,
 
You are receiving this email because you have a balance of XRP at Justcoin. XRP deposits, withdrawals and trading have been disabled for the last three days. This is an explanation of what has happened and what the status is.
 
A network-wide weakness in how both Ripple and Stellar communicated transactions was exploited by an unknown third-party to to deposit false IOUs through Ripple/Stellar to Justcoin. These were consequently withdrawn to their own payment networks as native currencies. The result was that our hotwallets were emptied. Most of our customers' funds is in cold storage but the amounts were still significant. Justcoin will not operate as a fractional reserve and therefore we decided to lock down all services affected until we had a solution ready.
 
Justcoin cannot and will not accept taking the responsibility for this weakness in the network. It is caused by a feature that is poorly documented and has been present in both Ripple and Stellar for a long time. Other gateways, exchanges and native transaction explorers have also been affected. There is also documented that the security vulnerability has been known by the network developers for at least 2 months without any kind of explicit and direct warning to affected gateways and other services. A thorough and technical explanation of the weakness can be read here: https://medium.com/@...ld-29aaefd8a7ac .
 
The result is that as of now there will be imposed a partial 'hold' on all XRP balances. This hold will be representing the amount of XRP that is missing. Deposits will be disabled until we are 100% confident that we are no longer affected by this weakness or any other yet undiscovered. Deposits that have been made between the shutdown and now will be credited in full once deposits are opened. Trading and withdrawal of the XRP that is not on hold is now enabled. Please allow delays on withdrawals due to moving of funds from cold storage to hot wallet. The percentage of each XRP balance that is on partial hold is 23.27%.
 
We can assure you that it is our intention that the partial holds will be lifted. We are looking at different options and are having a dialogue with Ripple Labs and Stellar foundation. We will try to figure out a way to solve this, one way or another. Expect regular updates.
 
We are terribly sorry for the situation but are asking for your understanding and patience. If you have any questions that are not answered here please don't hesitate to ask. Allow some time for us to answer as our support is under high pressure at this time.
 
Sincerely,

https://xrptalk.org/topic/4156-email-from-justcoin-about-their-hacking/

• This Ripple wallet was using the exploit: rDuV4ndTFUn5NjLJSTNfEFMTxqQVeafvxC
• He send 100 000 fake BTC and 100 000 000 fake STR to Justcoin.
• Several minutes later he got 36M XRP withdrawn from Justcoin hotwallet.
• Also he withdraws ALL STR (54M) from their hotwallet to Stellar account g3fhpbbKRF3oz87yA3VvG4npTcDNyqw786
• Several minutes later Justcoin closes down.

https://xrptalk.org/topic/4143-somaybe-justcoin-was-hacked-by-someone-use-partial-payments/#entry51701