Bitcoin Should Get Ready for an Attack

everything is a risk but you can only expect for it to be very volatile due to difficult settings that can be changed
 
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.

Exactly. This is the Achilles heel of all the gov/bank attacks on Bitcoin---it's not just a decentralized currency, it's a decentralized peer to peer currency. Even if you shut down every third party exchanger legally, through DDoS, or other bad PR, direct exchanges could and would continue. All the attacks depend on running down third parties, while BTC can thrive without any of them. Plus the attempts by the enemy to shut it down has the jujitsu effect making the currency more valuable, since most people prize it because it is a real private and independent currency. The demand of the market for financial privacy cannot be hacked, seized, frozen or shut down. That is why attacks on Bitcoin will fail.
 
I stand corrected. Bitcoin wasn't hacked. $8.75Million in coins were stolen by a hacker which in turn devalued Bitcoin. That's a big difference. lol

Code:
[URL]http://www.dailytech.com/Inside+the+MegaHack+of+Bitcoin+the+Full+Story/article21942.htm[/URL]

With that said prices stand at $149.00. Good luck with your virtual currency. For now I'm sticking with WOW gold.
 
And here is today's news on the inevitable.

The price of freedom, as they say, is eternal vigilance. A user called bitbully on the Bitcointalk Forums found himself 34 bitcoins poorer when he visited a site claiming to be a chat service connected with Mt. Gox, a popular bitcoin trading service. The site, wwwdotmtg(this is an o)x-ch(this is an a)tdotinfo (do not visit this site), apparently places a cross-site transfer order on the victim?s computer immediately upon visiting using a Java applet. Because the transactions aren?t reversible and the attackers are anonymous, the victims are out of luck.

Code:
http://techcrunch.com/2013/04/11/mt-gox-cross-site-scripting-attack-wipes-out-bitcoin-accounts/
 
And here is today's news on the inevitable.

The price of freedom, as they say, is eternal vigilance. A user called bitbully on the Bitcointalk Forums found himself 34 bitcoins poorer when he visited a site claiming to be a chat service connected with Mt. Gox, a popular bitcoin trading service. The site, wwwdotmtg(this is an o)x-ch(this is an a)tdotinfo (do not visit this site), apparently places a cross-site transfer order on the victim's computer immediately upon visiting using a Java applet. Because the transactions aren't reversible and the attackers are anonymous, the victims are out of luck.

Code:
http://techcrunch.com/2013/04/11/mt-gox-cross-site-scripting-attack-wipes-out-bitcoin-accounts/

Lesson learned, the Bitcoin wallet should be kept on a flash drive or separate PC, to prevent automatic pilfering of your coins during regular browsing.
 
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