BTCD is no more

[Cassius]

Been reading a bit about what TOR is going through regarding attacks and site seizures by the EU and US Feds.

One comment on the thread states a possible vulnerability to BTCD and superNet IMO: "My speculation about what happened follows. The attacker floods a particular hidden service with random/innocent GET requests at a chosen time. The network links are monitored for that flood pattern. Then the suspected servers are unplugged briefly, and the attacker checks which HS goes down at the exact same time. Now the search for evidence actual begins. It is a very simple and effective attack, particularly against low-traffic servers."

TOR discusses some points of attack in the following thread. Worth a read for thinking about if any of the proposed issues may affect the BTCD network:

https://blog.torproject.org/blog/thoughts-and-concerns-about-operation-onymous/

Would be interested to hear more about this. However, the simplest explanation is often the best. It looks like some of the guys who got busted weren't exactly careful (email address hidden in site code, for example). Following the bitcoin paper trail probably got plenty of info too. Then the cops over-stated their success and the media picked it up...
I suspect there's nothing too profound going on here.

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[Cassius]

Anyone selling BTCD price 0.005 for 10BTC ? Would be around 2000 btcd. Message me if you want do that trade on the exchange.

Ohhh, that would be a good deal for you. Good luck

[Expect The Unexpected]

Wtf Bitcoin just touched 435... I really dont want to sell off my BTCD's yet but I might have to 

[jl777]

Been reading a bit about what TOR is going through regarding attacks and site seizures by the EU and US Feds.

One comment on the thread states a possible vulnerability to BTCD and superNet IMO: "My speculation about what happened follows. The attacker floods a particular hidden service with random/innocent GET requests at a chosen time. The network links are monitored for that flood pattern. Then the suspected servers are unplugged briefly, and the attacker checks which HS goes down at the exact same time. Now the search for evidence actual begins. It is a very simple and effective attack, particularly against low-traffic servers."

TOR discusses some points of attack in the following thread. Worth a read for thinking about if any of the proposed issues may affect the BTCD network:

https://blog.torproject.org/blog/thoughts-and-concerns-about-operation-onymous/

Would be interested to hear more about this. However, the simplest explanation is often the best. It looks like some of the guys who got busted weren't exactly careful (email address hidden in site code, for example). Following the bitcoin paper trail probably got plenty of info too. Then the cops over-stated their success and the media picked it up...
I suspect there's nothing too profound going on here.

how is " the suspected servers are unplugged briefly" done?

if the attacker is controlling the physical internet, then we can assume they can simply send in their staff to where you are and directly monitor what you are doing.

Since all comms are based on direct peer to peer comms, the truly paranoid just has to create onetime use private addresses. That side steps even this level of attack, as there isnt this constant activity that goes away

Telepathy/Teleport out of the box will provide corporate level privacy, as opposed to personal level. To get to total privacy, it will take additional layers of work

James

[BadAss.Sx]

Wtf Bitcoin just touched 435... I really dont want to sell off my BTCD's yet but I might have to  

See ya...the hodlers know better. I am happy to buy some of it, but my guess is that you hold none of it right now.

[BadAss.Sx]

Or ass 2 mouth

[tempus]

bitcoin falling -> panic sell alts
bitcoin rising -> panic sell alts

alt coins needs mouth to mouth right now

I think a constant rising BTC would be good for Crypto in general and in particular for some of the better Alts.

[habraken]

I think a constant rising BTC would be good for Crypto in general and in particular for some of the better Alts.

Especially as soon as BTC starts to feel expensive to buy ($800 ?) people start buying 'cheaper' alts again.
Well, that's what happened with LTC last year I think

[tempus]

I think a constant rising BTC would be good for Crypto in general and in particular for some of the better Alts.

Especially as soon as BTC starts to feel expensive to buy ($800 ?) people start buying 'cheaper' alts again.
Well, that's what happened with LTC last year I think

Yes. And a rising BTC is the best PR for Cryptocurrencies and brings more ppl in Crypto. And there are many who think that they are too late for BTC and that BTC possibly won't be on Top in 5-10 years. Therefore.. I hope and believe that the best time for Alts is yet to come and that some of the better ones will become serious Investments instead of manipulated penny-stocks.   

[PilotofBTC]

Wtf Bitcoin just touched 435... I really dont want to sell off my BTCD's yet but I might have to 

Why?

[crackfoo]

The latest shift for the BitcoinDark multipool paid out over 44 BTCD.

Cheers!

[habraken]

I think a constant rising BTC would be good for Crypto in general and in particular for some of the better Alts.

Especially as soon as BTC starts to feel expensive to buy ($800 ?) people start buying 'cheaper' alts again.
Well, that's what happened with LTC last year I think

Yes. And a rising BTC is the best PR for Cryptocurrencies and brings more ppl in Crypto. And there are many who think that they are too late for BTC and that BTC possibly won't be on Top in 5-10 years. Therefore.. I hope and believe that the best time for Alts is yet to come and that some of the better ones will become serious Investments instead of manipulated penny-stocks.   

Yep, a year ago apart from LTC (a bit faster) there were no real alternatives to BTC. You had Namecoin with their DNS/alias-tech, and Peercoin with some PoS. That seemed about it, if I remember correctly. Cryptoworld certainly has changed a lot this year! 

[tempus]

I think a constant rising BTC would be good for Crypto in general and in particular for some of the better Alts.

Especially as soon as BTC starts to feel expensive to buy ($800 ?) people start buying 'cheaper' alts again.
Well, that's what happened with LTC last year I think

Yes. And a rising BTC is the best PR for Cryptocurrencies and brings more ppl in Crypto. And there are many who think that they are too late for BTC and that BTC possibly won't be on Top in 5-10 years. Therefore.. I hope and believe that the best time for Alts is yet to come and that some of the better ones will become serious Investments instead of manipulated penny-stocks.   

Yep, a year ago apart from LTC (a bit faster) there were no real alternatives to BTC. You had Namecoin with their DNS/alias-tech, and Peercoin with some PoS. That seemed about it, if I remember correctly. Cryptoworld certainly has changed a lot this year! 

Yes, and besides of all the Scams and Shitcoins there was and is a lot of Innovation. Sometimes I think, it's like a big laboratory, including many huge fails etc. But the best learn from it all and I'm sure that there will be some Coins in a few years that could become real game-changers. We haven't seen the "Google" or "Facebook" of Crypto yet. ;-)

[Cassius]

Yes, and besides of all the Scams and Shitcoins there was and is a lot of Innovation. Sometimes I think, it's like a big laboratory, including many huge fails etc. But the best learn from it all and I'm sure that there will be some Coins in a few years that could become real game-changers. We haven't seen the "Google" or "Facebook" of Crypto yet. ;-)

I'm not sure about that. It may just be that people haven't recognised it as such yet.

BTCD is trading incredibly thinly. There's less than 0.5 BTC between 0.005 and 0.0055 on Trex. I guess we're a community of hodlers. Wally is also playing his games, I see. Now isn't a bad time to start playing back.

[BadAss.Sx]

Well, it will be always cheaper then when the new wallet comes out, so i'm thinking of just grabbing some of them. Possible it will go lower because some hodlers get into panic mode when they see the price, but real hodlers grab them. Also the BTC price forces many to sell their alts. Profit is profit.

Was thinking of buying 5BTC NXT's, but perhaps i'm going for the 50/50. Anyone any idea about that? Will BTCD be more leading with SN or will NXT rise up?

[jl777]

Well, it will be always cheaper then when the new wallet comes out, so i'm thinking of just grabbing some of them. Possible it will go lower because some hodlers get into panic mode when they see the price, but real hodlers grab them. Also the BTC price forces many to sell their alts. Profit is profit.

Was thinking of buying 5BTC NXT's, but perhaps i'm going for the 50/50. Anyone any idea about that? Will BTCD be more leading with SN or will NXT rise up?

BTCD and NXT both get same 5% revshare from SN
but NXT is 10x bigger marketcap, so the effect on BTCD will be a lot more

What is good for SN is good for NXT, but much better for BTCD. Also the 5% to NXT goes to fund their devs, while the 5% for BTCD will be used like a multipool, eg. whatever form the 5% is in (BTC, NXT) will be used to purchase BTCD so it can be sent directly to the staking accts. That is necessary to maintain privacy

James

P.S. a v0 wallet will be coming out soon, but it is just to add MGW support for production servers and it didnt make sense to go backwards with the GUI, so it is kind of an in-between release.

[nwfella]

Any bets on the price? Onto a third month of a falling knife before the SN GUI is released?

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

[paulthetafy]

Any bets on the price? Onto a third month of a falling knife before the SN GUI is released?

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

I'm going to assume you meant 0.002, not 0.02.  There is such little buy and sell volume and so few orders on the books that the price is pretty volatile and largely meaningless.  That said, it has been pretty stable with a bottom around 0.005 for the last month now.  My guess is that it will not dip below 0.004 for any significant amount of time.  I doubt that I am the only one willing to put my hand up and say that I'll be buying decent amounts at that price point.  It's laughable that it would only take 5 BTC to drop the price to 0.004 though, so who knows!.  If I had to bet whether the price would be 0.002 or 0.02 in 6 months time, I know which I would pick...

[nwfella]

Any bets on the price? Onto a third month of a falling knife before the SN GUI is released?

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

I'm going to assume you meant 0.002, not 0.02.  There is such little buy and sell volume and so few orders on the books that the price is pretty volatile and largely meaningless.  That said, it has been pretty stable with a bottom around 0.005 for the last month now.  My guess is that it will not dip below 0.004 for any significant amount of time.  I doubt that I am the only one willing to put my hand up and say that I'll be buying decent amounts at that price point.  It's laughable that it would only take 5 BTC to drop the price to 0.004 though, so who knows!.  If I had to bet whether the price would be 0.002 or 0.02 in 6 months time, I know which I would pick...

No, I meant I was willing to risk 0.02 BTCD cents that the price pre-wallet release falls below it's current level.  I too suspect that if/when it reaches 0.004 that more than a few people will be plopping some decent coin down to snatch up as much as they can.  And if/when it drops below 0.003 many will likely do the same only with more vigor.  If by some miracle we hit the 0.002 range again, this is where I suspect we might find a bottom...perhaps the 0.00225 range?  <--my absolute low-ball guess

Optimistically, maybe see another 100K satoshi's per BTCD again maybe by the middle of next year? Hopefully the new wallet release goes off without a hitch

[RichardT]

Any bets on the price? Onto a third month of a falling knife before the SN GUI is released?

I'm willing to bet it's less than it is now (0.00493796 current high buy order on Cryptsy).

I'll wager 0.02 BTCD
..going once
..going twice

I'm going to assume you meant 0.002, not 0.02.  There is such little buy and sell volume and so few orders on the books that the price is pretty volatile and largely meaningless.  That said, it has been pretty stable with a bottom around 0.005 for the last month now.  My guess is that it will not dip below 0.004 for any significant amount of time.  I doubt that I am the only one willing to put my hand up and say that I'll be buying decent amounts at that price point.  It's laughable that it would only take 5 BTC to drop the price to 0.004 though, so who knows!.  If I had to bet whether the price would be 0.002 or 0.02 in 6 months time, I know which I would pick...

No, I meant I was willing to risk 0.02 BTCD cents that the price pre-wallet release falls below it's current level.  I too suspect that if/when it reaches 0.004 that more than a few people will be plopping some decent coin down to snatch up as much as they can.  And if/when it drops below 0.003 many will likely do the same only with more vigor.  If by some miracle we hit the 0.002 range again, this is where I suspect we might find a bottom...perhaps the 0.00225 range?  <--my absolute low-ball guess

Optimistically, maybe see another 100K satoshi's per BTCD again maybe by the middle of next year? Hopefully the new wallet release goes off without a hitch

I'm confused.  Why do you think it will keep going down with all the new tech that will be released by the end of this year?