41–50 of 218 posts
Earlier quoted context omitted.
If financial gain is a side benefit. What do you think the primary benefit is?
Enjoyment. Some people just like to watch the world burn.
Earlier quoted context omitted.
There's also a story here about responsible disclosure. People are making the case (and I tend to agree) that Gox should have contacted the other exchanges in private to discuss this problem before going public with it. There's a very good chance this widespread attack is a direct result of Gox's announcement.
So first gox is criticised for blaming an old bug and now they are criticised for irresponsible disclosure. Funny old world.
I have no proof what so ever, this is just a conjecture: there are powerful government and private entities who profit from manipulating the current monetary system. I have to ask: is it unreasonable that state actors would try to crash Bitcoin out of self interest?
Didnt this same thing happen in April 2013? Somehow a DDOS attack drove the price from $250 to $75. Then it went back up. My guess is the same thing happens here. Two years ago people used to bitch when the price dipping below $15. Here it is at $650. A week is not complete unless someone claims to be witnessing the demise of bitcoin.
Earlier quoted context omitted.
There's also a story here about responsible disclosure. People are making the case (and I tend to agree) that Gox should have contacted the other exchanges in private to discuss this problem before going public with it. There's a very good chance this widespread attack is a direct result of Gox's announcement.
So first gox is criticised for blaming an old bug and now they are criticised for irresponsible disclosure. Funny old world.
I've not bought in to Bitcoin yet. It just seems like a massive, world-wide scam to me. I'm not saying that it is a scam, I'm just saying that Bitcoin is something that I don't really understand, and so I don't entirely trust it. That said, this event is extremely encouraging. Not only is the security and the viability of the currency being tested. But more importantly, the communication and cooperation between the m…
It's easy to get confused by BitCoin's technicals; it's the difference between reading an article on Wikipedia, and examining that article's source code (or the various web protocols that deliver it to you). At its core, BitCoin is unbelievably simple: a ledger of account, no different than an Excel file, distributed across millions of computers, kept honest through offering rewards for protecting the ledger's integr…
I've not bought in to Bitcoin yet. It just seems like a massive, world-wide scam to me. I'm not saying that it is a scam, I'm just saying that Bitcoin is something that I don't really understand, and so I don't entirely trust it. That said, this event is extremely encouraging. Not only is the security and the viability of the currency being tested. But more importantly, the communication and cooperation between the m…
It's easy to get confused by BitCoin's technicals; it's the difference between reading an article on Wikipedia, and examining that article's source code (or the various web protocols that deliver it to you). At its core, BitCoin is unbelievably simple: a ledger of account, no different than an Excel file, distributed across millions of computers, kept honest through offering rewards for protecting the ledger's integr…
Systems which use the bitcoin mechanic need a lot of adoption before they become trustworthy.