tag:blogger.com,1999:blog-3758330678390419129.post7533000238277601118..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Bitcoin NightmareRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-3758330678390419129.post-41407416012529164772011-06-25T22:13:17.863-04:002011-06-25T22:13:17.863-04:00Actually, despite all of the erroneous, and misinf...Actually, despite all of the erroneous, and misinformed statements made by everybody on this comment thread....<br /><br />The code is secure, and it was the WEBSITE that was hacked. They are entirely different scenarios.<br /><br />And there ARE actual benefits to using BitCoin for working around excessive exchange rate premiums, etc.<br /><br />It IS feasible, but at the moment I wouldn't Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-62284688589899211292011-06-21T12:05:18.083-04:002011-06-21T12:05:18.083-04:00'A hacker took control of MtGox and played aro...'A hacker took control of MtGox and played around with the price while everybody else was blocked.'<br /><br />If it walks like a duck and sounds like a duck . . .<br /><br />Who in their right mind would put real money into this? Seriously. You might as well be juggling Molotov cocktails lit by FRN's. It might be fun to try out with some throw away money as an experiment, but geez. Silver Bullynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28382470289394260002011-06-21T02:15:13.242-04:002011-06-21T02:15:13.242-04:00Donald Norman from Bitcoin was on the Peter Schiff...Donald Norman from Bitcoin was on the Peter Schiff radio show yesterday. Schiff was sceptical... :)Andershttp://www.seatfinder.senoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49991224286823633942011-06-21T01:16:02.745-04:002011-06-21T01:16:02.745-04:00The crash only effected Mt. Gox. Even though the p...The crash only effected Mt. Gox. Even though the price dropped, I think it was still in the double-digits at tradehill.com.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75210380262862479382011-06-21T00:38:59.107-04:002011-06-21T00:38:59.107-04:00Bitcoin did not crashed. A hacker took control of ...Bitcoin did not crashed. A hacker took control of the webpage MtGox, nobody could access the page to place new orders or anything else, and then the hacker started playing around and moving the MtGox market up and down. During that same time, the price of bitcoins in the rest of the exchanges was more volatile due to the confusion but it never crashed. I believe that it never went under $10 in Hugonoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48757202590822453762011-06-20T23:33:22.733-04:002011-06-20T23:33:22.733-04:00They started this with an unsalted MD5 hashing fun...They started this with an unsalted MD5 hashing function for their passwords -- that's pretty amateur. That means that if I had '123456' as my password, if created an MD5 hash and had access to the hashed passwords, I could search for other hashes matching my password just by searching for the hash. The more hacker-oriented implication is that a dictionary attack is very simple and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13931035203819496462011-06-20T23:17:02.531-04:002011-06-20T23:17:02.531-04:00hahahahaha
that was ssooooo predicatable. THERE ...hahahahaha<br /><br />that was ssooooo predicatable. THERE IS NO SAFETY ON THE INTERNET. LOok out for your stuff dont think the government will fix anything with more power. THE INTERNET CANNOT BE MONETIZED TRADITIONALLY.<br /><br />http://eatingpropaganda.blogspot.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60401075846760955832011-06-20T21:50:45.708-04:002011-06-20T21:50:45.708-04:00If it can be hacked, it will be hacked. If it loo...If it can be hacked, it will be hacked. If it looks like a hack, sounds like a hack, and walks like a hack, it's a hack.<br /><br />They were hacked.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80144346773561954372011-06-20T21:24:22.176-04:002011-06-20T21:24:22.176-04:00looks like the US economylooks like the US economyAnonymousnoreply@blogger.com