Quote from: empoweoqwj on February 12, 2014, 02:03:22 AM

Quote from: BADecker on February 11, 2014, 07:26:26 PM

Think about who would be doing it and why. It isn't some small group, because they would only hit one or two exchanges.

It is the bankers' behind-the-scenes hackers, or it is the NSA, or CIA, or FBI, or their counterparts in the various governments of the world, like the group that the KGB turned into, or MI6, or you name it.

Bitcoin signals the end of the fiat currencies of the world. Those who are in power don't like that idea. the only way they can legally shut down Bitcoin is to shut down all Internet communications they have so carefully built so that they can rape the people.

I'm not a techie, but if I were, I would be advancing all the different ways that I could think of for maintaining and growing public communications beyond the Internet. I would be working to develop an independent communication grid that is entirely decentralized, yet worldwide, just like Bitcoin is.

I tend to agree. It could be a small group just looking to buy "cheap coins" for a few days, but it smells more like an attack from somebody really looking to discredit i.e. destroy the trust in bitcoin. Bankers and a few national governments spring to mind.

2014 is crucial for bitcoin. It has gotten off to a pretty terrible start (Shrem, Gox, now other exchanges). Trust is a very hard thing to gain back.

It's probably just script kiddies and DDOS-ers getting their kicks rather than people trying to get cheap coins.

Quote from: empoweoqwj on February 12, 2014, 03:41:45 AM

Quote from: MarketNeutral on February 12, 2014, 02:53:27 AM

Quote

2014 is crucial for bitcoin. It has gotten off to a pretty terrible start (Shrem, Gox, now other exchanges). Trust is a very hard thing to gain back.

I have far more trust in the bitcoin ecosystem now knowing that Gox and Shremboth of whom have caused me not insignificant losses due to their incompetenceare out of the game.

Good riddance.

Agreed. Good riddance to bad rubbish indeed. But there is a queue of bad rubbish waiting to be unveiled in the coming months unfortunately.

And most unfortunately, Gox ain't dead yet either Embarrassed

It surely can't function for much longer. Why would people use it once they got their coins out of there? And The Bitcoin Foundation needs to ditch Karpeles.