BREAKING NEWS: Multiple Exchanges Affected - Possible Global Shutdown

[Mitchell]

Possible global shutdown? No.

I agree with this. I am getting sick of this bullshit.

This is why we need newbie restrictions back and even set the requirements higher. This is getting out of control. Too many pointless, FUD spreading threads from OP with limited to no knowledge.

I totally agree with you. I am so tired of all this bullshit. A day can't go by without someone claiming that the Bitcoin price will  fall and trying to make people sell their coins.

[Lauda]

This is why we need newbie restrictions back and even set the requirements higher. This is getting out of control. Too many pointless, FUD spreading threads from OP with limited to no knowledge.

I totally agree with you. I am so tired of all this bullshit. A day can't go by without someone claiming that the Bitcoin price will  fall and trying to make people sell their coins.

A day can't go by without hundreds if not thousands of posts claiming something which is completely wrong or not backed by any facts (i.e. due to lack of knowledge).
Even if all major exchanges (gox, btc-e, bitstamp, btcchina) get closed (highly unlikely and unprobable). The users will move to the (currently) minor ones, and they will take the place of the previous ones.

[Mitchell]

This is why we need newbie restrictions back and even set the requirements higher. This is getting out of control. Too many pointless, FUD spreading threads from OP with limited to no knowledge.

I totally agree with you. I am so tired of all this bullshit. A day can't go by without someone claiming that the Bitcoin price will  fall and trying to make people sell their coins.

A day can't go by without hundreds if not thousands of posts claiming something which is completely wrong or not backed by any facts (i.e. due to lack of knowledge).

Worse thing is, people believe it. They sell their coins for no reason and those FUD spreaders earn a decent buck because of it. It's a cheap, unfair and low way to earn money.

[roslinpl]

This is why we need newbie restrictions back and even set the requirements higher. This is getting out of control. Too many pointless, FUD spreading threads from OP with limited to no knowledge.

I totally agree with you. I am so tired of all this bullshit. A day can't go by without someone claiming that the Bitcoin price will  fall and trying to make people sell their coins.

A day can't go by without hundreds if not thousands of posts claiming something which is completely wrong or not backed by any facts (i.e. due to lack of knowledge).

Worse thing is, people believe it. They sell their coins for no reason and those FUD spreaders earn a decent buck because of it. It's a cheap, unfair and low way to earn money.

Agree! But there are realy good coders in Bitcoin society and I guess war between coders and hackers is nothing new...

Bank online systems were attacked so so so so many times.
And? and now they have better security   And better coders ex. h@x0r'5

[Lauda]

Worse thing is, people believe it. They sell their coins for no reason and those FUD spreaders earn a decent buck because of it. It's a cheap, unfair and low way to earn money.

Agree! But there are realy good coders in Bitcoin society and I guess war between coders and hackers is nothing new...

Bank online systems were attacked so so so so many times.
And? and now they have better security   And better coders ex. h@x0r'5

Exactly, this forum is becoming a burden here. Everyday I have to pile through threads of nonsense to find something that is useful for me and the everyday (non 'sheep) user.
Yet those systems still get hacked. Yes, we need our coders to unite and start contributing more.

[roslinpl]

Worse thing is, people believe it. They sell their coins for no reason and those FUD spreaders earn a decent buck because of it. It's a cheap, unfair and low way to earn money.

Agree! But there are realy good coders in Bitcoin society and I guess war between coders and hackers is nothing new...

Bank online systems were attacked so so so so many times.
And? and now they have better security   And better coders ex. h@x0r'5

Exactly, this forum is becoming a burden here. Everyday I have to pile through threads of nonsense to find something that is useful for me and the everyday (non 'sheep) user.
Yet those systems still get hacked. Yes, we need our coders to unite and start contributing more.

Yes we need and it is happening I guess.

Bitcoin society is powerful as I know...
 
I am sure that many of guys are working on it 24/7/365

from 2008.

And till now! Bitcoin is Alieve!

http://www.youtube.com/watch?v=k3ChrdJoBCk

[johnyj]

Another scam to get cheap coins  

This is the last chance though

[AltorXP]

Actually blockchain is affected, the data on it is not trustable. Many missing payments, now already chaos. As for shutdown, anything can happen. In past 24 hours, I got several payments that is never be confirmed, if you think this is not serious, then why gox and bitstamp suspended business?

The payments might not have had a fee, or too many inputs (kb size) for the fee to cover

[smoothrunnings]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

OH LAWDY!!!

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website.

[roslinpl]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

OH LAWDY!!!

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website.

Yes. Those attacks will show them their problems and if they are smart they will use it as a gift.

[sinx13]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

OH LAWDY!!!

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website.

Yes. Those attacks will show them their problems and if they are smart they will use it as a gift.

It will harm bitcoin because it will invoke more bad press.

[smoothrunnings]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

OH LAWDY!!!

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website.

Yes. Those attacks will show them their problems and if they are smart they will use it as a gift.

It will harm bitcoin because it will invoke more bad press.

The press already know bitcoin is volatile as it is. I doubt the problem with the exchanges will affect much.

[deltanine]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

OH LAWDY!!!

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website.

Yes. Those attacks will show them their problems and if they are smart they will use it as a gift.

It will harm bitcoin because it will invoke more bad press.

Bad press has yet to break bitcoin.  It is here to stay.

[roslinpl]

It will harm bitcoin because it will invoke more bad press.

just need to remember - that if people will harm Bitcoin to get cheap coins oneday it can tourover and they will cry of what they does.
(I wish it will never happens and I even dont think like that usually to do not cause it by sayin)

[leannemckim46]

Global Shutdown!!! really?

[roslinpl]

Global Shutdown!!! really?

dont panic
bad news always sell better

and remember that 24/7/365 Bitcoin have support.

[empoweoqwj]

Think about who would be doing it and why. It isn't some small group, because they would only hit one or two exchanges.

It is the bankers' behind-the-scenes hackers, or it is the NSA, or CIA, or FBI, or their counterparts in the various governments of the world, like the group that the KGB turned into, or MI6, or you name it.

Bitcoin signals the end of the fiat currencies of the world. Those who are in power don't like that idea. the only way they can legally shut down Bitcoin is to shut down all Internet communications they have so carefully built so that they can rape the people.

I'm not a techie, but if I were, I would be advancing all the different ways that I could think of for maintaining and growing public communications beyond the Internet. I would be working to develop an independent communication grid that is entirely decentralized, yet worldwide, just like Bitcoin is.

I tend to agree. It could be a small group just looking to buy "cheap coins" for a few days, but it smells more like an attack from somebody really looking to discredit i.e. destroy the trust in bitcoin. Bankers and a few national governments spring to mind.

On a related issue, is it true Bitcoin only has one full-time developer, Gavin?

If so, it seems to me if we learn anything from this debacle is that bitcoin needs a full-time team to deal more quickly with both (a) known possible attacks / vulnerabilities and (b) 'upgrades' to the protocol.

2014 is crucial for bitcoin. It has gotten off to a pretty terrible start (Shrem, Gox, now other exchanges). Trust is a very hard thing to gain back.

[MarketNeutral]

2014 is crucial for bitcoin. It has gotten off to a pretty terrible start (Shrem, Gox, now other exchanges). Trust is a very hard thing to gain back.

I have far more trust in the bitcoin ecosystem now knowing that Gox and Shrem—both of whom have caused me not insignificant losses due to their incompetence—are out of the game.

Good riddance.

[bitrosa]

2014 is crucial for bitcoin. It has gotten off to a pretty terrible start (Shrem, Gox, now other exchanges). Trust is a very hard thing to gain back.

I have far more trust in the bitcoin ecosystem now knowing that Gox and Shrem—both of whom have caused me not insignificant losses due to their incompetence—are out of the game.

Good riddance.

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

OH LAWDY!!!

Good story, and I it's good to see the someone is attacking bitcoin in away that it requires the exchanges to be more responsible for everything that comes into and goes out of their website.

Agree. Sometimes bad news isn't truly bad. Sometimes it presents an opportunity to grow stronger. It all depends on what happens next. I think of the SR and Shrem events, if SR bust was good news, then Shrem's bust is also good news. MtGox is overall good news. These are events with opportunities to increase trust and fairness. Growing pains.

[BitcoinSniper]