BTC-e halts LTC deposit/withdrawal for 5 days

[tacotime]

https://btc-e.com/news/80

[burnside]

Smart move.

[LoupGaroux]

I guess some of the goal of the attack has already been achieved, even before the attack has begun. 50% of the exchanges that traffic in ltc have shut down in anticipation!

[smoothie]

I guess some of the goal of the attack has already been achieved, even before the attack has begun. 50% of the exchanges that traffic in ltc have shut down in anticipation!

The goal was to shut down exchanges?

[passerby]

So let's make this clear, it takes one blowhard asshat to declare that he's "gonna hafta 51", and the exchanges start shutting down to hell ?

Iiiiiinnnnnnteeereeesstiiing....

[wndrbr3d]

So let's make this clear, it takes one blowhard asshat to declare that he's "gonna hafta 51", and the exchanges start shutting down to hell ?

Iiiiiinnnnnnteeereeesstiiing....

Apparently. *facepalm*

[tatsuchan]

Worst decision I've seen out of the Russians since......well, let's not go there.

[smoothie]

Worst decision I've seen out of the Russians since......well, let's not go there.

How is it bad?

Ensuring no double spending occurs is a good thing.

[LoupGaroux]

I think the goal was to discipline the litecoin community and all of its righteousness. By shuttering their exchanges a goal that serves the greater purpose of the attack is achieved. Certainly it throws water on the theory that it is a profiteering grab by BCX- why kill the exchange if you want to fork, pump and dump?

[Bitcoin Oz]

btc-e is down. Been hacked ?

[HauntingShade]

btc-e is down. Been hacked ?

BTC-e.com IS UP AND RUNNING AGAIN!

Thank you.

[smoothie]

btc-e is down. Been hacked ?

Good question...dunno.

[tatsuchan]

Worst decision I've seen out of the Russians since......well, let's not go there.

How is it bad?

Ensuring no double spending occurs is a good thing.

It is yea....but seriously, we have an exchange cowering by a threat causing even more panic by unsure investors?  How are bitcoin and litecoin supposed to hold up when they go mainstream when every internet troll can virtually shut down a currency exchange for a week?  Maybe we need more security then we thought? 

[btc-e.com]

This decision was made on the recommendation of coblee

[smoothie]

This decision was made on the recommendation of coblee

+1

[tatsuchan]

This decision was made on the recommendation of coblee

Like I said, maybe more security is needed. Not just 51% either. It's interesting to watch though.

[Greedi]

This decision was made on the recommendation of coblee

+1