/biz/ - Business & Finance

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Is Bitcoin actually under attack? Anonymous Fri Nov 10 14:18:20 2017 No.4287491 [Reply] [Original]

>Lots and lots of REALLY small transactions, blockchain unconfirmed queue is enormously huge.
>Super small transactions are buying, super big transactions are selling, yet they somehow almost perfectly cancel each other.

This doesn't strike me like something that occurs naturally. What the fuck is going on? Is blockchain DDOSed? Is this even possible? Did something like this ever happen before?

>>	Anonymous Fri Nov 10 14:21:45 2017 No.4287556 Bitcoin must die in order for crypto to succeed.

>>	Anonymous Fri Nov 10 14:22:28 2017 No.4287568 >>4287491 Yes this is an extremely coordinated attack by Ver and Wu.

>>	Anonymous Fri Nov 10 14:23:31 2017 No.4287589 >>4287491 we can only hope.

>>	Anonymous Fri Nov 10 14:26:58 2017 No.4287644 File: 7 KB, 224x225, 589694EC-F75E-4A57-93C3-389E31A839F1.png [View same] [iqdb] [saucenao] [google] >core refuses to upgrade capacity >mempool is full >oh noes it must be an attack

>>	Anonymous Fri Nov 10 14:31:47 2017 No.4287711 >uncofirmed self regulated they said trust in math they said trust computational power they said people can run themselves they said lmao rip

Anonymous Fri Nov 10 14:33:07 2017 No.4287736
File: 48 KB, 1004x622, sigt.png [View same] [iqdb] [saucenao] [google]

>>4287644
any other plausible explanations about why SegWit adoption was rising quickly to 16-18% then suddenly dipped back down? Did the people who were figuring out how to enable SegWit to have their transactions added into blocks for cheaper fees suddenly forget how to do it?

Anonymous Fri Nov 10 14:47:43 2017 No.4287989

>>4287711
To be honest it actually looks like a DDOS attack of sorts, some really nasty price manipulation is going on, but why?

/biz/, some of you are smart, please make something out of it. What's going to happen? What does this indicate? What might be intentions behind this, what's the end game?

>>	Anonymous Fri Nov 10 14:55:18 2017 No.4288126 >>4287989 The endgame is probably the death or at least weakening of BTC. Why? Powerful actors or trolls (people will destroy things for the sake of destruction). If anybody powerful has shorted BTC, this is a huge opportunity.

>>	Anonymous Fri Nov 10 15:02:04 2017 No.4288260 >>4288126 How can you short BTC?

>>	Anonymous Fri Nov 10 15:05:07 2017 No.4288304 File: 215 KB, 735x633, 1509907561502.png [View same] [iqdb] [saucenao] [google] >>4288260 If you don't understand how to short, you need to leave. Now.

Anonymous Fri Nov 10 15:07:59 2017 No.4288340

>>4287989
It depends on the flavor of tinfoil you prefer. It could be simple Jihan fuckery trying to force a flippening into BCC/BCH. This option doesn't bother me too much, I prefer an on chain solution. Also I have a few, so cool.
It could be (((the powers to be))) sowing disention and messin up the market so another coin, which already has quite a lot of pairs and a lot of less drama, can rise. Again, I hold a bit of eth, so cool. The plummeting of the alts seem to contradit this theory tho.
Finally, it could be the standard bait and switch tactic and, when BTC reaches a price deemed appropiate to reenter the market, all problems will magically banish and will reach a new ATH even though no scaling solution has been achieved. I seriously hope this is not the case, but since it would be the most fucked up outcome I can almost guarantee it is exactly what will happen.

>>	Anonymous Fri Nov 10 15:09:03 2017 No.4288361 >>4287736 couple of explanations 1. Someone realized Segwit weakens the BTC security model. 2. Someone realized Segwit reduces miner profits.

>>	Anonymous Fri Nov 10 15:15:17 2017 No.4288485 >>4288304 akko, please put the gun down and tell me how to short please, you'll never learn to fly on a broom with that kind of attitude.

>>	Anonymous Fri Nov 10 15:15:32 2017 No.4288493 >>4288304 I understand what does it mean to short, but I'm not aware of any possiblity to short BTC. Are there futures?

>>	Anonymous Fri Nov 10 15:19:52 2017 No.4288569 little payback never hurt anybody https://www.reddit.com/r/btc/comments/7c29kk/blockstream_investor_emails_leaked_shows/

>>	Anonymous Fri Nov 10 15:23:28 2017 No.4288625 File: 116 KB, 1200x675, big blocker spam attack.jpg [View same] [iqdb] [saucenao] [google] as predicted

>>	Anonymous Fri Nov 10 15:26:26 2017 No.4288675 >>4288340 There is no such thing as "on-chain" solution You either have expensive, slow decentralized gold or centralized paypal with a token.

>>	Anonymous Fri Nov 10 15:26:37 2017 No.4288677 >>4288485 bitmex. doesn't allow US customers though

Anonymous Fri Nov 10 15:29:58 2017 No.4288725
File: 67 KB, 637x800, ido.jpg [View same] [iqdb] [saucenao] [google]

I am mildly concerned
Everything is gonna be alright? right?

b-bitcoin $500,000 by 2019... heh ha hAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE-

>>	Anonymous Fri Nov 10 15:32:20 2017 No.4288761 >>4287491 more like bitshcoin amirite fucking israeli shitcoiner

>>	Anonymous Fri Nov 10 15:32:34 2017 No.4288766 >>4288361 This. (((Segwit))) is an attack on crypto

>>	Anonymous Fri Nov 10 15:32:37 2017 No.4288767 >>4288625 what does this mean

>>	Anonymous Fri Nov 10 15:38:31 2017 No.4288856 >>4287556 The king is dead, long live the king!

>>	Anonymous Fri Nov 10 15:38:36 2017 No.4288859 File: 161 KB, 1256x847, 1509757934990.jpg [View same] [iqdb] [saucenao] [google] fight for your right...free bitcoin

>>	Anonymous Fri Nov 10 15:41:01 2017 No.4288901 >>4288361 >1. Someone realized Segwit weakens the BTC security model. This. I personally stopped using Segwit for that reason. >>4288675 1 GB blocks are literally possible on current day PCs. see scaling bitcoin presentations.

>>	Anonymous Fri Nov 10 15:43:11 2017 No.4288933 >>4288725 well ...

>>	Anonymous Fri Nov 10 15:53:29 2017 No.4289100 So, now BCH is also falling. What the fuck?

>>	Anonymous Fri Nov 10 16:05:16 2017 No.4289274 >>4288901 >1GB blocks >A Terabyte each week >Totally possible Yeah, if you strangle out every single node that's not a huge server farm filled with HDs

>>	Anonymous Fri Nov 10 16:27:06 2017 No.4289635 >>4287491 Nope just some normies and pajeets freaking out as asians toy with us all.. it's really standard procedure actually.. BTC can still go to 8.5K before the bear comes

>>	Anonymous Fri Nov 10 16:28:16 2017 No.4289660 >>4287736 If there is a greater number of non-Segwit transactions, the % of Segwit transactions will go down.

>>	Anonymous Fri Nov 10 16:36:51 2017 No.4289793 File: 280 KB, 400x388, 1509718016897.gif [View same] [iqdb] [saucenao] [google] >>4289598

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