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Silk Road 2 Hacked, All Bitcoins Stolen

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Re: Silk Road 2 Hacked, All Bitcoins Stolen

#111

Post by nullc »

pat2man wrote: post #48
deskamess wrote: post #28

Earlier quoted context omitted.

I thought the 'malleability' problem only resulted in miners being DDOS'd. The transactions themselves were supposedly still 'intact' - i.e., inputs, outputs, addresses were not modified. So.... what are SR2 saying happened here? - Is it a double spend using SR2 escrow bitcoins? - How was the malleability introduced?

The "hack" would involve withdrawing money, changing the hash of the transaction and then complaining that the transaction didn't go through. This was done through the support channels on Mt. Gox etc but technically could have been an automated system on silk road 2. Not likely though.

MTGox's reissuing was automated and running on a timer, fwiw.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#112

Post by nullc »

pstrateman wrote: post #6

The claim that this was caused by transaction malleability rings hollow. The reference client (github.com/bitcoin/bitcoin) does not resend transactions because of malleability. The only way you can have double transfers due to malleability is if you are manually reviewing transfers and re-sending them yourself manually. This seems like a very convenient scapegoat.

> The only way you can have double transfers

Is if you replace the transaction without double spending it, which is unsafe.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#113

Post by pstrateman »

natdempk wrote: post #40
pstrateman wrote: post #6

The claim that this was caused by transaction malleability rings hollow. The reference client (github.com/bitcoin/bitcoin) does not resend transactions because of malleability. The only way you can have double transfers due to malleability is if you are manually reviewing transfers and re-sending them yourself manually. This seems like a very convenient scapegoat.

From my understanding of the malleability issue, couldn't you have vendor withdrawals that get sent, but then not verified by the Silk Road system? Where the original transaction gets rejected due to the modified one getting accepted by the network? So then the Silk Road internals would assume it just didn't go through and not deduct it from the vendor's internal balance, allowing the vendor to repeatedly withdraw as…

Implementing a system to detect transactions being confirmed is orders of magnitude more complicated than send and forget.

I've sent literally tens of thousands of bitcoins transactions and have never once had a transaction that wasn't confirmed within 48 hours.

The important part here is that I have always used the reference client with the latest ruleset for transaction fee calculation.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#114

Post by Malician »

sliverstorm wrote: post #92
redthrowaway wrote: post #42

Earlier quoted context omitted.

SR1 was a criminal enterprise as well, and there's no indication DPR was stealing from his users. Trust is at least as valuable in the criminal world as it is in legitimate enterprise, if not more so. A criminal who runs a trustworthy criminal enterprise is likelier to do well in the long run than one who rips off his customers.

SR1 was a criminal enterprise as well, and there's no indication DPR was stealing from his users That reminds me of arguing along the lines of, I played Russian Roulette before, and I didn't lose. Therefore, I will not lose this time either.

Allegedly, SR2 was setup in ways which made it much, much easier to run off with larger quantities of money than with SR1. Given the circumstances, you could reasonably conclude this would happen.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#115

Post by blhack »

This is almost certainly hogshit, and anybody who has been paying even a little bit of attention over the last week can probably smell it.

The "hole" in MtGox's security was a social one. You could contact customer support and claim that you had not received your coins, and they could re-issue you new ones if they chose to. There is also no evidence that this ever happened.

This wasn't, and isn't, a flaw in the underlying architecture, it's just a way to convince a customer service rep that you weren't lying.

If SR was re-issuing coins automatically, it's because they were being intentionally stupid.

--

They're using this as a scapegoat. Either somebody ran off with the coins, or something otherwise hacked them and they're using this as an explanation.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#116

Post by Avshalom »

jessaustin wrote: post #105
freshfunk wrote: post #85

Earlier quoted context omitted.

LOL @ "victimless-crime-contraband." What a joke. Where do you think the majority of drugs come from? Some hippie's backyard? See the world's stop producers of drugs and you'll find violent, broken countries many of whom are run by drug cartels.

I suggest you think a bit harder about the causes and effects of this situation, because you seem to have them reversed.

How we got here is largely irrelevant to the very real fact that the drug trade is impossible to describe as victimless.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#117

Post by dsuth »

mbillie1 wrote: post #70
aegiso wrote: post #63

Earlier quoted context omitted.

It's entirely possible to be in support of a free and peaceful drug trade, while at the same time being morally against theft. I don't know why you're lumping the two.

There's a difference between supporting a free and peaceful drug trade and participating in a very-much illegal drug trade. It's possible to be a hemp-wearing, tree-hugging hippie and be pro-death penalty - it also happens to be rare.

At this stage those two thing (free and peaceful drug trade, and illegal drug trade) are very much the same thing.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#118

Post by samstave »

jaekwon wrote: post #34
rglover wrote: post #24

Reports like these make me wonder what Hacker News would have looked like during the gold rush in the 1800s.

Hello good sirs, I am able bodied and in want of land and picket. Please reach me at the bar, call for Sam.

Exhibit HN: I've concocted a most healthful and beneficial syrum of the utmost pure ingredients! This here oil shall alleviate ye of all woe, misery and weak-of-knee! Looking for a most suitable alchemical co-founder to assist in mine taking this to production ready status for this year's county fair! Please contact me by post or telegram!

Dr. Samuel's Special Synergistic Syrum One Market Plaza, San Francisco

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#119

Post by dreamdu5t »

swalsh wrote: post #76

My favorite part of bitcoin is just how wild west it always feels. Real money, in very massive quantities is stolen, and there's no authorities who will do anything about it. Old school scams are new again. Crashes happen on a monthly basis. I'm staying out of it in any serious quantities because frankly i'm having too much fun watching it.

You can do something about it, you just can't offload those costs onto other people you've never met.

Anyone is free to attempt to investigate and go after this guy.

Re: Silk Road 2 Hacked, All Bitcoins Stolen

#120

Post by dispense »

samstave wrote: post #88

SO, I am completely ignorant on exactly how bitcoin works; but how the hell is it not possible to secure a bitcoin one owns.

It is perfectly possible. Your only task is to secure the private keys. These are short enough to be printed as a QR code or written down. keep that piece of paper somewhere safe. Alternatively, it is possible to use a good, random, long passphrase as your de facto private key. That way, the keys to your wallet are literally stored in your mind and nowhere else.

As of now, there are no known fatal flaws or weaknesses in the Bitcoin protocol itself. The network is secure and as long as you manage to secure your private keys, Bitcoin is extremely safe.

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