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Bitcoin Should Get Ready for an Attack

Discussion in 'BlackHat Lounge' started by zoomsixx, Apr 10, 2013.

  1. zoomsixx

    zoomsixx Senior Member Premium Member

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    I found this article about how unstable Bitcoin really is. It definitely makes some valid points. My philosophy is if everyone else is jumping on the bandwagon it's time for me to jump off.

    Code:
    http://lewrockwell.com/rosenberg/rosenberg-p14.1.html
     
  2. shanna_doll

    shanna_doll Power Member

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    Those are just fake news so the author could jump in. Bitcoin is, IMHO, going to reach $5000 at least, but of course, it will take a while with many ups and downs.
     
  3. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    Stop with the Bitcoin already
     
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  4. zerofoxtrot

    zerofoxtrot Senior Member

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    $5000? How in the holy hell?
     
  5. zoomsixx

    zoomsixx Senior Member Premium Member

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    Not likely. Bitcoin has been hacked in the past and could be hacked again. It's getting too big for it's own good.
     
  6. ReALeST

    ReALeST Power Member

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    meanwhile Bitcoin just had a high of $266 today rising by nearly 50$ from yesterday and keeps on rising...making alot of ppl a ton of money!:)
     
  7. Pollux0R

    Pollux0R Registered Member

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    WHOA! I remember it being around $200 yesterday...
     
  8. m888e

    m888e Newbie

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    Yeah it's just waay too mainstream now. Big red target all over it IMO
     
  9. bertbaby

    bertbaby Elite Member

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    Yep, bubbles never burst but when they do watch out. Does anybody use bitcoins for actual transactions by the way?
     
  10. zoomsixx

    zoomsixx Senior Member Premium Member

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    I accept it on my sites. Nobody uses it though. Its not very noob friendly.
     
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  11. Aaric

    Aaric Elite Member

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    did anybody cash out bitcoins from 2 figure to 3 figures now to real cash?
     
    Last edited: Apr 10, 2013
  12. Leith

    Leith Jr. Executive VIP Jr. VIP Premium Member

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    We need a bit coin sub forum.
     
  13. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

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    I would say we should wait. What if it crashes next week and no one ever cares about it anymore? People are mostly interested on making a quick buck on it (including me), but not like a real currency. The hype will be gone just after it crashes, let be honest, until a big payment processor accepts them, there is no future for bitcoin as a real currency, maybe as an investment like now.
     
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  14. Funtadan

    Funtadan Registered Member

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    Bitcoin has never been hacked. Mtgox was hacked saying bitcoin was hacked is like saying someone robbed a bank so that means the US dollar was hacked.
     
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  15. epropages

    epropages Newbie

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    BitCoin cannot be hacked unless every wallet on every computer in the world has been hacked, and that just wont happen. There is no main office or site for BitCoin, thus, there is no target.
     
  16. bertbaby

    bertbaby Elite Member

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    That's what I thought, thanks!
     
  17. Namun

    Namun Junior Member

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    It seems it goes down fast right now.

    $260 -> $200 in about 3 hrs.
     
  18. f0rked

    f0rked Registered Member

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    Bitcoin has not been hacked at any point in time. Some exchanges/people have been hacked, but that is not an attack on Bitcoin. Stop spreading this FUD.
     
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  19. nipunn12

    nipunn12 Regular Member

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    Anyone who has Litecoin please PM me! I want to buy!
     
  20. Narrator

    Narrator Power Member

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    Nope, a transaction can take 10 minutes to several hours to confirm. IMHO that's not very practical for a currency.