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PatMan (OP)
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February 12, 2014, 01:13:28 AM |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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danieldaniel
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February 12, 2014, 01:20:33 AM |
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It's definitely good that they're working on this issue. It's scary that this problem has been known about for over a year, though... I wonder how many exchanges have been exploited and haven't noticed. |
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PatMan (OP)
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February 12, 2014, 01:28:37 AM
Last edit: February 13, 2014, 11:30:09 PM by PatMan |
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I believe it's all part of the development process TBH, I'm sure there are a lot more bugs that we don't know about yet too - & when they become an issue they too will be dealt with. This is the norm for new tech, and remember, Bitcoin is still in beta stage, meaning it is still (and constantly) being developed & improved. Sure, the press & money institutions will jump all over it - that's because they don't understand the process......but we do.....don't we? Panic over. Stay calm & keep mining  |
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bryant.coleman
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Activity: 3654
Merit: 1217
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February 12, 2014, 02:45:59 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? |
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Barek
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February 12, 2014, 03:50:01 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Have you looked at the exchange rate? |
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BitcoinTate
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Activity: 224
Merit: 100
DigiByte Founder
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February 12, 2014, 04:18:03 AM |
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It's definitely good that they're working on this issue. It's scary that this problem has been known about for over a year, though... I wonder how many exchanges have been exploited and haven't noticed. How is this effecting Litecoin? I am assuming the same issue exists with all alt coins. |
- aka The "DigiMan"
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bryant.coleman
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Merit: 1217
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February 12, 2014, 04:39:47 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Have you looked at the exchange rate? Hmm... true.... these people might be gaining temporarily from the volatility. But their gains will be of no use, if merchants dump BTC for the same reason. |
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cryptoanarchist
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February 12, 2014, 05:31:49 AM |
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It's definitely good that they're working on this issue. It's scary that this problem has been known about for over a year, though... I wonder how many exchanges have been exploited and haven't noticed. How is this effecting Litecoin? I am assuming the same issue exists with all alt coins. It's not..its only an issue with exchanges having to update their wallet software. |
I'm grumpy!!
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notthematrix
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CryptoTalk.Org - Get Paid for every Post!
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February 12, 2014, 05:52:11 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Well who is gaining govnments who hate bitcoin?  This and some very biaed press looks like an attack , and yes it will fail. |
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notthematrix
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CryptoTalk.Org - Get Paid for every Post!
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February 12, 2014, 05:54:48 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Well who is gaining govnments who hate bitcoin? they can not openly attack it. This and some very biaed press looks like an attack , and yes it will fail. |
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DeathAndTaxes
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Gerald Davis
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February 12, 2014, 05:58:36 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Not everything is for direct profit. Why do hackers DDOS charities? What is the point in that? Why do people spend countless hours ruining the work of others on wikipedia with stealth edits? Why do players grief other players in online games even to the point that it starts demanding a significant amount of their time? Maybe the intent is just to cause as much chaos, bad press, and confusion in the Bitcoin space, or maybe it is just some ass who is bored and likes screwing around with people. |
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sid280
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February 12, 2014, 06:05:43 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Not everything is for direct profit. Why no hackers DDOS charities? Why do players grief other players in online games? Maybe the intent is just to cause as much chaos, bad press, and confusion in the Bitcoin space, or maybe it is just some ass who is bored and likely screwing around with people. .....or maybe its the government and banks *slips on tin foil hat* |
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medicine
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February 12, 2014, 01:23:05 PM |
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Fix the title to meet press forum standards please.
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vleroybrown
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February 13, 2014, 10:16:38 PM |
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So this means that MtGox are only as full of shit as they were before all these BTC withdrawal problems, and no more?  reverse touche lol |
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prophetx
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Merit: 1010
he who has the gold makes the rules
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February 14, 2014, 02:56:11 AM |
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This is a denial-of-service attack; whoever is doing this is not stealing coins, but is succeeding in preventing some transactions from confirming. It’s important to note that DoS attacks do not affect people’s bitcoin wallets or funds. If no one is gaining anything, then why are they doing this? Not everything is for direct profit. Why do hackers DDOS charities? What is the point in that? Why do people spend countless hours ruining the work of others on wikipedia with stealth edits? Why do players grief other players in online games even to the point that it starts demanding a significant amount of their time? Maybe the intent is just to cause as much chaos, bad press, and confusion in the Bitcoin space, or maybe it is just some ass who is bored and likes screwing around with people. they are doing it for the lulz |
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