This is pretty big news - all currencies are built on confidence and Bitcoin has been making good steps to build it but I guess this attack has exposed a real issue for Bitcoin; without a lender of last resort or Central Bank. if the technology stumbles what do Bitcoin holders have?
A “massive and concerted attack” has been launched by a bot system on numerous bitcoin exchanges, Andreas Antonopoulos has revealed. This has lead to popular exchange Bitstamp putting a temporary halt on all bitcoin withdrawals, and BTC-e announcing possible delays on transaction crediting.
I'm look forward to giving this a go. The gap between the learning-to-code apps and the actually-coding apps is pretty big at the moment....
Tweets on this subject
As I wrote about last year, the exchanges are BTC's weak link: Bitcoin Exchanges Under ‘Massive and Concerted Attack’ http://t.co/c7MT8l97Dm— M🌋X • SALVI (@maxkeiser) February 11, 2014
Happening now!— 🇮🇪 Bitcoin Foundation (@BitcoinIRL) February 12, 2014
Worldwide attack on Bitcoin exchanges: http://t.co/tvqxTUPhXv