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Author Topic: 1 BTC = 1,000,000,000 USD?  (Read 5912 times)
JompinDox (OP)
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August 09, 2012, 12:41:38 PM
 #1

Bug or Hack?



Check it out now.

Tips? 1ELECeJompinDox61L73eAUyaWpe3Q5HZB
Down with socks!
kentrolla
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August 09, 2012, 12:42:01 PM
 #2

tux says its legit.

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JompinDox (OP)
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August 09, 2012, 12:44:11 PM
 #3

tux says its legit.

Huh? Where?

Tips? 1ELECeJompinDox61L73eAUyaWpe3Q5HZB
Down with socks!
Technomage
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August 09, 2012, 12:44:44 PM
 #4

tux says its legit.
that statement is ridiculous. I have confirmations from dozens of people of DISAPPEARING ASK ORDERS. The system is bugged to hell, so it's NOT LEGIT. tux is out of his mind.

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Technomage
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August 09, 2012, 12:46:39 PM
 #5

trading has been halted apparently as they investigate the bug

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Sukrim
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August 09, 2012, 12:47:26 PM
 #6

Messed up the charts at bitcoincharts.com quite well... Wink

Interesting that now MtGox seems to get hacked the other way round - probably buying BTC with fake USD?

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
Technomage
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August 09, 2012, 12:51:48 PM
 #7

Interesting that now MtGox seems to get hacked the other way round - probably buying BTC with fake USD?

Unlikely to be a hack of any sort. Not much actual buying happened, ask orders simply disappeared. It's their trading engine that has a serious bug (most likely).

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August 09, 2012, 12:53:41 PM
 #8

Wasn't there a bug a few weeks ago that halted trading, and when resumed came back at a high of $9.70?

Start the rumor that $1B is trying to go through, and $100 coins are a reality.

good judgment comes from experience, and experience comes from bad judgment
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August 09, 2012, 12:54:35 PM
 #9

Probably a rollback to somewhere between $11 and $11.5 is going to happen.

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wrend
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August 09, 2012, 12:55:10 PM
 #10



If you have any info or comments, do share.
kangasbros
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August 09, 2012, 12:55:54 PM
 #11

LOL, these guys have been doing this for couple of years now, and still these weird bugs...

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August 09, 2012, 01:00:06 PM
 #12

I was a momentary trillionaire.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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August 09, 2012, 01:02:17 PM
 #13

This resembles the recent btc-e.com hack very much. First USD are injected into the database, then all available btc are bought up and tried to send off the site.
Ente
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August 09, 2012, 01:03:07 PM
 #14

Dammit!
I should have set a sell order for 1000US$, just to catch those, uhm, events! :-)
Since, you know, maybe someone with a lot of BTC messed up.. fat fingers, cat doing the keyboard walk, mixing up "," "." or simply a bot going amok. Knight bot, anyone?

I hope this will be rolled back, though. It messes up all those charts!  Cheesy

Ente
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August 09, 2012, 01:03:09 PM
 #15

LOL, these guys have been doing this for couple of years now, and still these weird bugs...
LOL, Microsoft has been writing Windows code for 26 years now, and still these weird bugs...
kentrolla
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August 09, 2012, 01:04:14 PM
 #16

How is it possible to roll back a glitch like this? since bitcoin transactions are non-reversible, what if someone made 200btc off of this glitch and withdrew his coins?  how could they fix that?

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wrend
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August 09, 2012, 01:04:19 PM
 #17

so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?
kentrolla
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August 09, 2012, 01:07:46 PM
 #18

so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?
max daily is 200btc.  but, i would guess that more than 100 people withdrew coins

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Ente
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August 09, 2012, 01:08:40 PM
 #19

so what is the maximum daily Withdrawal from MtGox?, and multiply it by possibly 100 temporary accounts?

If you hack/steal/obtain a lot of bitcoins through one account, you can only transfer as much as your daily limit to temp accounts too. So that won't help. If you use many temp accounts to begin with, I hope MtGox alarms go crazy. It should look suspicious if hundreds of new, unused accounts (from the same ip maybe?) get loaded with billions of dollars at the same time..

We'll find out.

My guess so far: MTGOX WAS ZHOUTONGED!

(lol)

Ente
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August 09, 2012, 01:12:22 PM
 #20

So maybe if MtGox had not prevented simultaneous withdrawals from different accounts this might be the biggest Heist?
Bitcoin is worth every penny in entertainment terms.

And you hope that not all of Pirates Coins were stolen.
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