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Author Topic: What happens if Bitcoin is compromised again?  (Read 2157 times)
revans (OP)
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November 29, 2013, 08:26:26 PM
 #1

Bitcoin was completely subverted once, but it was sufficiently early in its development that the problem could be rolled back and there was no lasting damage. Given the current price of Bitcoins, the motivation for people to search for an create exploits is much larger. If Bitcoin was compromised now, could it recover?
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November 29, 2013, 08:30:33 PM
 #2

What happens if you get ignored an you cannot open new stupid threads every day?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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November 29, 2013, 08:32:32 PM
 #3

Quote
Bitcoin was completely subverted once

Citation needed.


Quote
Given the current price of Bitcoins, the motivation for people to search for an create exploits is much larger.

The motivation for the worlds most talented hackers and software individuals has existed all along and they have been extremely busy trying to find exploits.

Quote
If Bitcoin was compromised now, could it recover?
Depends on the nature of the compromise. The encryption part is solid, the network is more vulnerable but any issues are recoverable, we'd get to see the bear market of 11 all over again, if you don't get caught, that's not a bad thing.
revans (OP)
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November 29, 2013, 08:36:00 PM
 #4

Quote
Bitcoin was completely subverted once

Citation needed.


Quote
Given the current price of Bitcoins, the motivation for people to search for an create exploits is much larger.

The motivation for the worlds most talented hackers and software individuals has existed all along and they have been extremely busy trying to find exploits.

Quote
If Bitcoin was compromised now, could it recover?
Depends on the nature of the compromise. The encryption part is solid, the network is more vulnerable but any issues are recoverable, we'd get to see the bear market of 11 all over again, if you don't get caught, that's not a bad thing.

CVE-2010-5139

revans (OP)
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November 29, 2013, 08:36:41 PM
 #5

What happens if you get ignored an you cannot open new stupid threads every day?

Somewhere a unicorn dies
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November 29, 2013, 08:38:31 PM
 #6

The real question is what happens when the trolls run out of stupid questions.  Is there a limitless supply of stupid questions?  And if that is the case, how can they hold any value?

They're trying to buy all the coins. 
We must not let them.
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November 29, 2013, 08:39:00 PM
 #7

It is not possible now, with the current network to do it again ..;
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November 29, 2013, 09:39:26 PM
 #8

The real question is what happens when the trolls run out of stupid questions.  Is there a limitless supply of stupid questions?  And if that is the case, how can they hold any value?

Trolls are like fiat, they just keep making them!


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revans (OP)
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November 29, 2013, 09:40:34 PM
 #9

It is not possible now, with the current network to do it again ..;

Empty hubris
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November 29, 2013, 09:40:51 PM
 #10

The real question is what happens when the trolls run out of stupid questions.  Is there a limitless supply of stupid questions?  And if that is the case, how can they hold any value?

Stupid questions are the new tulips
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November 29, 2013, 09:54:23 PM
 #11

Obvious troll is obvious

ChanceCoats123
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November 29, 2013, 09:57:46 PM
 #12

Actually, it's obvious that the number of these posts will crash because the current levels are completely unsustainable. I expect to see us back at 3-4 threads per week very soon.
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November 29, 2013, 09:59:01 PM
 #13

Seriously, mods, is there a limit to how many threads a user can start? This is getting out of control.
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November 29, 2013, 10:01:27 PM
 #14

Actually, it's obvious that the number of these posts will crash because the current levels are completely unsustainable. I expect to see us back at 3-4 threads per week very soon.

No! The Revans thread count is going TO THE MOON!!!!11!
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November 29, 2013, 10:48:28 PM
 #15

Quote
Bitcoin was completely subverted once

Citation needed.

In fairness to revans he is correct.

https://web.nvd.nist.gov/view/vuln/detail?vulnId=CVE-2010-5139

I've come to the conclusion revans is a paid troll or someone in a financial business that will be hit bad when Bitcoin eventually renders it obsolete.

revans (OP)
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November 29, 2013, 11:04:35 PM
 #16

Quote
Bitcoin was completely subverted once

Citation needed.

In fairness to revans he is correct.

https://web.nvd.nist.gov/view/vuln/detail?vulnId=CVE-2010-5139

I've come to the conclusion revans is a paid troll or someone in a financial business that will be hit bad when Bitcoin eventually renders it obsolete.

Paid troll! I wish.
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November 30, 2013, 01:05:50 AM
 #17

FUD master!
revans (OP)
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November 30, 2013, 01:07:25 AM
 #18

FUD master!

Fud is it?


If it happened once it can certainly happen again. It is ridiculous to suggest that Bitcoin is now beyond being exploited
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November 30, 2013, 01:15:04 AM
 #19

Seriously, mods, is there a limit to how many threads a user can start? This is getting out of control.

Don't forget the "ignore" button. Makes trading the forum much less frustrating! Although I am seeing a noticeable proportion of my thread list being grayed out now..  Grin

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November 30, 2013, 05:21:31 AM
 #20

Paid troll! I wish.

Didn't deny the second option I see. I understand financial businesses are starting to worry a little over Bitcoin. I'll put you in that category.

Bitcoin may succeed, it may not. I don't know the answer, you don't know the answer, no-one else on this forum does. But what I do know is that FUD spreaders will not change the outcome.

Bitcoin isn't flawless, we all know that.
The question is 'is it good enough?'
*shrug* I don't know. We will all find out in time.

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