Post
Topic
Board Bitcoin Discussion
Topic OP
Coinwallet attack is causing backlog in the network and blockchain...hurting BTC
by
russokai
on 10/09/2015, 20:06:45 UTC
http://motherboard.vice.com/read/great-job-everyone-bitcoiners-are-ddosing-bitcoin

The number of backlogged transactions is currently above 90,000 and climbing, and the size of the “memory pool,” the database that stores them, is shooting past 150MB. It usually sits below 10. On the Bitcointalk forum, where much of today’s action is going down, users are reporting that their Bitcoin clients are crashing when they try to collect the coins.

https://blockchain.info/unconfirmed-transactions

Here is a better view...look at 7 days "Recent Mempool"  

https://tradeblock.com/bitcoin

Coinwallet changed the strategy for their attack, but it's still working.  This is really bad for bitcoin and for the price.

I think I will sell some of my BTC and buy it back for a lower price after this attack.  We bounced so hard and due for a pullback anyway and once news of this attack spreads, it will force the price down lower.  Might as well sell now and buy back even more BTC afterwards...the safer strategy.