Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.
Executive summary sir:
There was a threat.
To the extent that the threat was credible, it was mitigated in the code.
During the mitigation, most exchanges stopped transacting with the monero block chain, but kept exchanging openly.
There were some brief DDoS attacks and minor alerts, but no substantial problems
Business as usual resumed shortly after the mitigation work was completed, with some nice enhancements to the code that prevent this sort of threat from reoccurring.
Lessons learned discussions are still ongoing but at minimum, the enhancements are sufficiently innovative that they may be adopted by all other coins to prevent this type of threat in a distributed fashion. This is a win for crypto currency in general.
Perfect executive summary.
The fact that the price is still .0034xxx (actually, now .00337xx) makes me wonder if the market is still cautious about the threat.
Seems as though you see it exactly the way I do, which makes me believe I'm seeing it right and the market is just a bit behind or slightly less informed. I'm sitting here wondering if there is something I am missing, because this price does not make a lot of sense to me.
Guess that means I better buy some more. Edit: I just posted in another thread that by my reckoning, XMR is on a 15-20% discount right now at .00337773. Just placed a couple of orders, not much below where we are, that I hope will fill.
I was expecting it go back to 0036 today, I'm glad I was wrong, it seems people still waiting for a cheaper entry point.