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Arvicco (OP)
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February 13, 2014, 08:49:33 PM |
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SirWilliam
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February 13, 2014, 09:16:57 PM |
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Ummm. Good? WTF, are we supposed to feel sorry for criminals having their bitcoins stolen or are we supposed to worry about the bad security of a criminal enterprise? Good, steal them all....
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Carlton Banks
Legendary
 Offline
Activity: 3430
Merit: 3074
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February 13, 2014, 09:25:15 PM |
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Transaction malleability (by itself) can't be exploited to steal, that's just the nature of the problem. So silk road 2.0 are either not competent or not being truthful, or both. There's more to this story.
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Vires in numeris
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OneEyedJack
Member
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Activity: 112
Merit: 10
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February 13, 2014, 09:37:39 PM |
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Here comes the mass exodus...
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All donations are given to the Universal DBDB Organization
EAC: egokwQAmnNvumsQfMokeV2qKRgJdARY4D4
GRA: 9ECPZJBtbMHyfGikdUzQuf9Z8t6gGbWh5s
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1011
In Satoshi I Trust
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February 13, 2014, 09:45:22 PM |
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Here comes the mass exodus...
of course, bye bye. its dead. |
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Carlton Banks
Legendary
Offline
Activity: 3430
Merit: 3074
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February 13, 2014, 09:59:18 PM |
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Transaction malleability (by itself) can't be exploited to steal, that's just the nature of the problem. So silk road 2.0 are either not competent or not being truthful, or both. There's more to this story.
It is possible. That is why the exchanges have stopped withdrawals. According to the article, "server access was never obtained by the attacker" and malleability was exploited by someone to "to repeatedly withdraw coins from our system until it was completely empty". Forget "according to the article", how about according to the actual bug in the protocol? You can exploit the bug by tricking humans into re-sending after mutating, but it doesn't steal money on it's own, the protocol isn't tricked. Anyone who believes it can deserves to sell coins at the bottom of a panic. |
Vires in numeris
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vleroybrown
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February 13, 2014, 10:02:30 PM |
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This is causing me to double check current site policy were my coins are. If SilkRoad 2 was duped then any site will be at risk.
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vleroybrown
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February 13, 2014, 10:07:07 PM |
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Transaction malleability (by itself) can't be exploited to steal, that's just the nature of the problem. So silk road 2.0 are either not competent or not being truthful, or both. There's more to this story.
It is possible. That is why the exchanges have stopped withdrawals. According to the article, "server access was never obtained by the attacker" and malleability was exploited by someone to "to repeatedly withdraw coins from our system until it was completely empty". Forget "according to the article", how about according to the actual bug in the protocol? You can exploit the bug by tricking humans into re-sending after mutating, but it doesn't steal money on it's own, the protocol isn't tricked. Anyone who believes it can deserves to sell coins at the bottom of a panic. This is why the whole explanation in this case to me doesn't add up. I could see this happening in the situation Mt Gox is in but a bunch of escrowed funds meant to be applied to sellers accounts after settlement. So was this just a case were admins don't want to be hands on to minimize legal liability so it wasn't even in their control while the sites bank was emptied out? |
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hilariousandco
Global Moderator
Legendary
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Activity: 3850
Merit: 2646
Join the world-leading crypto sportsbook NOW!
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February 13, 2014, 10:39:05 PM |
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I'm sure they're just pulling a gox and using this as an excuse. Ummm. Good? WTF, are we supposed to feel sorry for criminals having their bitcoins stolen or are we supposed to worry about the bad security of a criminal enterprise? Good, steal them all....
They're only criminals by stupid laws. What about all the cancer and other patients that get their meds from there? |
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Ripdon007
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February 13, 2014, 11:03:36 PM |
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Transaction malleability (by itself) can't be exploited to steal, that's just the nature of the problem. So silk road 2.0 are either not competent or not being truthful, or both. There's more to this story.
They are absolutely incompetent for keeping all of the funds in "hot storage" knowing fully well of the malleability issue. |
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SirWilliam
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February 14, 2014, 12:21:17 AM |
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I'm sure they're just pulling a gox and using this as an excuse. Ummm. Good? WTF, are we supposed to feel sorry for criminals having their bitcoins stolen or are we supposed to worry about the bad security of a criminal enterprise? Good, steal them all....
They're only criminals by stupid laws. What about all the cancer and other patients that get their meds from there? Yeah of course, all the drug dealers selling drugs and all the addicts buying drugs on "Silk Road 2" are cancer patients  |
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Automatic
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February 14, 2014, 12:24:21 AM |
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Ummm. Good? WTF, are we supposed to feel sorry for criminals having their bitcoins stolen or are we supposed to worry about the bad security of a criminal enterprise? Good, steal them all....
That's a very opinion and geographical specific idea, there are countries that allow drugs, and, on top of that, they don't just sell drugs. I could go onto the whole debate about how I don't even feel that drugs should be illegal, but, then we're going onto a larger topic past the point of bitcoins. |
Please ask for a signed message from my on-site Bitcoin address (Check my profile) before doing any offsite trades with me.
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Tirapon
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February 14, 2014, 12:38:21 AM
Last edit: February 15, 2014, 05:49:08 AM by Tirapon |
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What happened last time, after the original SR got shut down and there was a mass sell off? I remember price recovered pretty quickly, and then... damn it was so long ago, anyone else remember?
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Bogart
Legendary
Offline
Activity: 966
Merit: 1000
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February 14, 2014, 12:51:44 AM |
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They are absolutely incompetent for keeping all of the funds in "hot storage" knowing fully well of the malleability issue.
FTFY |
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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cryptoanarchist
Legendary
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Activity: 1120
Merit: 1003
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February 14, 2014, 01:56:30 AM |
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Transaction malleability (by itself) can't be exploited to steal, that's just the nature of the problem. So silk road 2.0 are either not competent or not being truthful, or both. There's more to this story.
Pretty sure it was a honeypot to begin with. Just the bad guys stealing more coins. |
I'm grumpy!!
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hilariousandco
Global Moderator
Legendary
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Activity: 3850
Merit: 2646
Join the world-leading crypto sportsbook NOW!
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February 14, 2014, 09:20:21 AM |
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I'm sure they're just pulling a gox and using this as an excuse. Ummm. Good? WTF, are we supposed to feel sorry for criminals having their bitcoins stolen or are we supposed to worry about the bad security of a criminal enterprise? Good, steal them all....
They're only criminals by stupid laws. What about all the cancer and other patients that get their meds from there? Yeah of course, all the drug dealers selling drugs and all the addicts buying drugs on "Silk Road 2" are cancer patients I never said they was, but they should have a right to buy whatever they want from wherever they want. |
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howardb
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February 14, 2014, 12:25:11 PM |
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Feels to me like someone at Silk Road 2 spotted the opportunity with all the negative press surrounding the relativly harmless maleability issue as way to pretend they have been robbed and blame it on hackers and the maleability 'bug'!! As I understand it, the maleability issue can only delay transactions not allow out and out theft of bitcoin. Personally at this stage of Bitcoins development/regulation or lack there of, I wouldnt trust ANY third party with my hard earned BTC, not the exchanges, and certainly not drug running websites  The news media have been all over it linking to the maleability bug! Bloomberg in particular. Makes you wonder if any news channel checks its facts before broadcasting these days. |
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yatsey87
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February 14, 2014, 12:30:54 PM |
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Feels to me like someone at Silk Road 2 spotted the opportunity with all the negative press surrounding the relativly harmless maleability issue as way to pretend they have been robbed and blame it on hackers and the maleability 'bug'!! As I understand it, the maleability issue can only delay transactions not allow out and out theft of bitcoin. Personally at this stage of Bitcoins development/regulation or lack there of, I wouldnt trust ANY third party with my hard earned BTC, not the exchanges, and certainly not drug running websites The news media have been all over it linking to the maleability bug! Bloomberg in particular. Makes you wonder if any news channel checks its facts before broadcasting these days. It's very suspicious. I'm sure more info will come out shortly. It's far too risky to trust these sites at the moment. They need to chnage their practices or escrows. |
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teukon
Legendary
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Activity: 1246
Merit: 1004
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February 14, 2014, 01:50:22 PM |
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Ummm. Good? WTF, are we supposed to feel sorry for criminals having their bitcoins stolen or are we supposed to worry about the bad security of a criminal enterprise? Good, steal them all....
How sad. To have such severe sociopathy that one relies exclusively on law for a moral compass. Even Pinocchio fared better and he was made of wood and had a cricket for a conscience. To me, feeling sorry for others is a question of compassion, not policital correctness. For example, I feel sorry for you. |
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