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keybaud (OP)
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June 17, 2011, 08:18:48 PM |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Kman54
Newbie
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Activity: 52
Merit: 0
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June 17, 2011, 08:28:49 PM |
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well look at the price today after the malware articles came out? Yes fridays it seems to drop but the malware issue isn't going to make the price rise.
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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June 17, 2011, 08:32:33 PM |
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I think it added to the downward trend, but saying it's the main cause would overdo it.
Windows has been compromised countless times, and look around, people only care once it happens to themselves. I'd guess it's similar with Bitcoin. Pushes it down a little further, but the reason for the big breakdown should be elsewhere.
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defxor
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June 17, 2011, 09:18:49 PM |
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Sort of.
If you steal BTC, you'd likely want to cash out as quickly as possible. Thus successful heists would cause large sell-offs. Like we're seeing right now, at the same time a lot of people are reporting both stolen wallets as well as transfers away from mtgox.
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BubbleBoy
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June 18, 2011, 10:56:43 AM |
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Will the preponderance of stupid people make all smart people kill themselves because it's all in vain ?
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Edward50
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June 18, 2011, 12:03:11 PM |
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I do not own any bitcoin, but if I owned any significant amount i personally would be worried about it getting hacked.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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killer2021
Member
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Activity: 84
Merit: 10
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June 18, 2011, 12:58:25 PM |
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I do not own any bitcoin, but if I owned any significant amount i personally would be worried about it getting hacked.
Yes the security issue is something that needs to be solved. People need to know that their money is safe. Likewise it needs to be easy to use. |
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d.james
Sr. Member
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Activity: 280
Merit: 250
Firstbits: 12pqwk
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June 19, 2011, 04:26:39 AM |
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malware will make the price RISE, because the hackers will try to buy out all the BTCs for easy transfer to his own wallet.
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You can not roll a BitCoin, but you can rollback some.  Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG |
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FreeMoney
Legendary
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Activity: 1246
Merit: 1014
Strength in numbers
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June 19, 2011, 05:05:20 AM |
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malware will make the price RISE, because the hackers will try to buy out all the BTCs for easy transfer to his own wallet.
Hackers are going to steal coins and then buy more coins? How does buying more make the coins he stole easier to transfer? |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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qikaifu
Full Member
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Activity: 168
Merit: 100
God creats math and math creats bitcoin.
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June 19, 2011, 06:36:06 AM |
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Mr. Gavin still think that the security issue, such as back up and encrypt wallet.dat still not his first priority, which expressed in his recent blog. I think this is really a problem. |
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imperi
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June 19, 2011, 07:02:16 AM |
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Mr. Gavin still think that the security issue, such as back up and encrypt wallet.dat still not his first priority, which expressed in his recent blog. I think this is really a problem. If you think it's such a problem, then do it yourself and submit a pull request. |
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