altruicsense
Lord of the 7 Kingdoms
the B2X organizers played the market.. cancelling a fork? So shady.
Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)
- Thread starter irishfury
- Start date
fuuuck, i had money lined up to jump into alts right before the fork. shyt just ruined my plans.
heisenburrr
Have Fun Staying Poor
Not. Even. Close.
Now if you said it's the money hiding currency of the world you would have been correct.
You sound like a loser who shorted the bottom
BTW, god damn they played yall
HODLers unaffected
Nope. Bitcoin will lose it's value. You think the feds don't see all this untaxable money flowing around?You sound like a loser who shorted the bottom
BTW, god damn they played yall
HODLers unaffected
The only intrinsic value that a "bitcoin" has is that is is untracked and you know that. Cut the "HODL" shyt.
The US Government hacked into locked Apple devices after Apple refused to help them. The same fate will happen for Bitcoin and eventually they'll be able to track it. Not saying it will even happen this decade but it will happen. I'll save you the links and proof because you're only going to deny it like a peabrain would.
heisenburrr
Have Fun Staying Poor
Untrackable, anonymous, same shyt. Suck my dikk fakkit.Untrackable
You are such a god damn retard.
Poor Guy Accidentally Steals and Then Destroys $300 Million Worth of Ether Cryptocurrency
Adam Clark Estes
Yesterday 10:50am
Filed to: CRYPTOCURRENCY
65.0K
1283
Image: Gizmodo / Pixabay
Thanks to a string of screw-ups and bugs, an unsuspecting developer recently took possession of an estimated $300 million worth of the Ethereum cryptocurrency by accident. In an attempt to give back the money, however, the poor guy ended up locking up the funds permanently. In effect, that money is just gone.
So, this sucks for everyone. And obviously, hackers started the trouble. Parity, the cryptocurrency wallet service at the crux of this clusterfukk, was recently hacked and robbed of $32 million worth of Ether. In an attempt to patch the vulnerability and prevent hackers from stealing more, Parity accidentally introduced a new bug that affected multi-signature wallets. (These are wallets that, as the name implies, require several people to enter keys before funds get transferred.) Ether is the second largest cryptocurrency—second only to Bitcoin—so this number of wallets amounted to a very large amount of internet money.
ADVERTISEMENT
Then things really got turned upside down. While Parity hasn’t explained exactly how, a user called “devops199” mistakenly triggered the bug and took control of allmulti-sig wallets. This screenshot of someone with the devops199 handle has been circulating on social media, and if it’s the real user, they seem completely perplexed:
In the end, devops199 tried to reverse the process that was triggered by the Parity bug, but that simply destroyed all of the funds. More specifically, the bug caused a chain reaction of events that locked all multi-sig wallets in such a way that they can’t be unlocked. In a security alert, Parity confessed about the situation, “This means that currently no funds can be moved out of the multi-sig wallets.” While somereport the amount locked is upwards of $300 million, others estimate that it’s as low as $154 million. Regardless, lots of money.
ADVERTISEMENT
This all reads like a Greek tragedy of cryptocurrency carelessness, down to the pun in the name “Ether.” There might be a third act, too. As The Guardian reports, it’s possible that Ethereum users could agree on a “hard fork” by “by effectively asking 51 percent of the currency’s users to agree to pretend that it had never happened in the first place.” This worked well a couple years ago when $150 million of Ether was stolen, though there’s no guarantee it would work this time.
But that’s the crypto life, baby. One minute no money exists, and the next minute, the money’s there. Wait another minute, and it’s gone again. Why needs government backed currency when volatility is so much
https://gizmodo.com/poor-guy-accidentally-steals-and-then-destroys-300-mil-1820251726
Adam Clark Estes
Yesterday 10:50am
Filed to: CRYPTOCURRENCY
65.0K
1283
Image: Gizmodo / Pixabay
Thanks to a string of screw-ups and bugs, an unsuspecting developer recently took possession of an estimated $300 million worth of the Ethereum cryptocurrency by accident. In an attempt to give back the money, however, the poor guy ended up locking up the funds permanently. In effect, that money is just gone.
So, this sucks for everyone. And obviously, hackers started the trouble. Parity, the cryptocurrency wallet service at the crux of this clusterfukk, was recently hacked and robbed of $32 million worth of Ether. In an attempt to patch the vulnerability and prevent hackers from stealing more, Parity accidentally introduced a new bug that affected multi-signature wallets. (These are wallets that, as the name implies, require several people to enter keys before funds get transferred.) Ether is the second largest cryptocurrency—second only to Bitcoin—so this number of wallets amounted to a very large amount of internet money.
ADVERTISEMENT
Then things really got turned upside down. While Parity hasn’t explained exactly how, a user called “devops199” mistakenly triggered the bug and took control of allmulti-sig wallets. This screenshot of someone with the devops199 handle has been circulating on social media, and if it’s the real user, they seem completely perplexed:
In the end, devops199 tried to reverse the process that was triggered by the Parity bug, but that simply destroyed all of the funds. More specifically, the bug caused a chain reaction of events that locked all multi-sig wallets in such a way that they can’t be unlocked. In a security alert, Parity confessed about the situation, “This means that currently no funds can be moved out of the multi-sig wallets.” While somereport the amount locked is upwards of $300 million, others estimate that it’s as low as $154 million. Regardless, lots of money.
ADVERTISEMENT
This all reads like a Greek tragedy of cryptocurrency carelessness, down to the pun in the name “Ether.” There might be a third act, too. As The Guardian reports, it’s possible that Ethereum users could agree on a “hard fork” by “by effectively asking 51 percent of the currency’s users to agree to pretend that it had never happened in the first place.” This worked well a couple years ago when $150 million of Ether was stolen, though there’s no guarantee it would work this time.
But that’s the crypto life, baby. One minute no money exists, and the next minute, the money’s there. Wait another minute, and it’s gone again. Why needs government backed currency when volatility is so much
https://gizmodo.com/poor-guy-accidentally-steals-and-then-destroys-300-mil-1820251726
heisenburrr
Have Fun Staying Poor
That's the point. It's not you god damn idiot. It's an open ledger.
EVERY transactions and coins are "trackable". There are dozens if not hundreds of cases already were gov. were able to tie addresses to identities.
Full blown anonymity will be achieved as the technology keeps improving and there's nothing the government can do about it.
At the end of the day this has nothing to do with Bitcoin's value proposition which is that of a digitally scarce asset with censorship resistance.
It's very clear you dont know shyt about the stuff you rambling about and you just repeating talking points you read about in your favority MSM.
Sit down, this is grown man sports. You dont want to embarass yourself further.
@heisenburrr you're ignored, leave me alone.
Ol’Otis
The Picasso of the Ghetto
This shyt won't be around for long
How the fukk do you accidentally steal 300 million?
Then lose it trying to give it back
How the fukk do you accidentally steal 300 million?
Then lose it trying to give it back