Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The Ethereum network is currently undergoing a DoS attack

blog.ethereum.org

Post reply on HN
Print view View original

41–45 of 45 posts

Re: The Ethereum network is currently undergoing a DoS attack

#41

Post by nathan-wall »

makomk wrote: post #40
paavokoya wrote: post #28

Earlier quoted context omitted.

Just means the market needs to raise the prices. In bitcoin this is similar to raising transaction fees to add a disincentive for DDOS attacks. Right now, it seems ethereum is just an almost-free VPS service and people are surprised that actors are taking advantage of it.

This isn't quite sufficient, because the prices are set by miners but the transactions have to be processed by every single full node in existence. That's why Bitcoin has a hard upper limit on the complexity of processing any given block.

> That's why Bitcoin has a hard upper limit on the complexity of processing any given block.

Similarly, Ethereum has a gas limit per transaction.

Re: The Ethereum network is currently undergoing a DoS attack

#42

Post by bfuller »

themoon wrote: post #15
soared wrote: post #10

Who benefits from this?

The crypto-community is a pie whose size isn't changing much. Coin prices fluctuate as investors move money from one coin to another, which causes price fluctuations. Attacks like this one which make ethereum look bad are beneficial to those other coins, who will expect prices to rise as a result of people selling their ETH out of fear.

And in the end, after the whale makes his profit in btc, he will probably reinvest in eth because it is low, gaining a larger stake in an already fragile economy, and will be able to exert more influence next time he tries to move the market.

Re: The Ethereum network is currently undergoing a DoS attack

#43

Post by [deleted] »

themoon wrote: post #15
soared wrote: post #10

Who benefits from this?

The crypto-community is a pie whose size isn't changing much. Coin prices fluctuate as investors move money from one coin to another, which causes price fluctuations. Attacks like this one which make ethereum look bad are beneficial to those other coins, who will expect prices to rise as a result of people selling their ETH out of fear.

[deleted]

Re: The Ethereum network is currently undergoing a DoS attack

#44

Post by aminok »

Tinyyy wrote: post #38
aminok wrote: post #24

Earlier quoted context omitted.

Organisations that want to maintain control over society. Case in point is the International Cyber Security Protection Alliance: https://www.reddit.com/r/Bitcoin/comments/1h43ez/chilling_ar... . This organization represents major financial firms, including Visa Europe, and law enforcement agencies, including the City of London Police and Europol, and had a 2 page article appearing in the 2013 G8 trade magazine callin…

>People who run this organization appear to be ruthless and amoral ... >Going as far as talking about a DDOS attack on Twitter Also, that G8 article you linked has a full page MTGOX ad on page 8. Kinda ironic huh? Okay, enough with the low hanging fruits, now some serious stuff. I don't see how Bitcoin enthusiasts can trivially brush off the criminal activities connected to Bitcoin. The public at large doesn't care a…

>You have to acknowledge it, and then a) provide some form of solution (kinda contradicts its principles) or b) argue that it isn't as important compared to potential benefits of Bitcoin.

There is no solution to the specific problem of electronic cash making it easier to transfer money in exchange for an immoral product like child pornography, just like there's no solution to the specific problem of strong cryptography and the internet making it easier to disseminate child pornography.

I would argue, with plenty of rationale and evidence, that the economic freedom provided by these technologies, has the potential to massively improve the quality of life of the world's population, despite these unavoidable side effects.

If there were fewer poor and desperate families, there would be fewer parents who sell their children into the sex trade. Economic freedom facilitated by technologies that also make it harder for states to prevent trade in immoral goods reduces the number of desperate parents and we can reasonably assume reduces the problem of child exploitation as a result.

Post reply on HN