Comments on: Bitcoin Q&A: Binance hack, chain roll-back?

By: Bill D'Amico

Bill D'Amico — Wed, 31 Jul 2019 12:52:31 +0000

Extremely interesting and well explained. Thank you!

By: impatient potato

impatient potato — Wed, 31 Jul 2019 12:52:30 +0000

i havent used binance since the hack. do i need to do anything before i reuse my account?

By: Papuetress Baribas

Papuetress Baribas — Wed, 31 Jul 2019 12:52:30 +0000

In the entire life of bitcoin was any rollback ?

By: Phil Stein

Phil Stein — Wed, 31 Jul 2019 12:52:30 +0000

But couldn’t the hackers just transfer into a diverse portfolio of privacy coins in that time as well?

By: Stephen Sargeant

Stephen Sargeant — Wed, 31 Jul 2019 12:52:30 +0000

Why would they have to bribe them the full amount of reward? Couldn’t Binance just offer a bribe at a considerably higher reward based on the probability the miner would normally have for the reward ?? Like not every miner gets 12.5 BTC reward if they don’t win calculation !! Some insight please ??

By: TheRumata23

TheRumata23 — Wed, 31 Jul 2019 12:52:30 +0000

This was suggested by a bitcoin-core developer. Binance briefly pondered the idea and then threw it out. The mistake was CZ being open about their internal thought processes (which is why people usually praise him).

By: raphael derrickdaniels

raphael derrickdaniels — Wed, 31 Jul 2019 12:52:30 +0000

indeed am thankful to welfarehackers,wordpress,com for making me $20,000

By: Jonathan

Jonathan — Wed, 31 Jul 2019 12:52:30 +0000

The fact that he suggested it almost as if they could just decide is very alarming!!! EVIDENCE that miners and Chinese leaders truly control BTC!!!!! Mining needs to diversify and that should be a video on how to get BTC mining to become more diversified which will be good for everyone including Chinese BTC leaders. Over 60% of the BTC miners have not even removed the Bitcoin Core Bug CVE-2018–17144 which allows for double-spending!!! that 7000 BTC gone missing from Binance is very suspect….exchanges need to be more transparent else a Mtgox repeat is inevitable and this project can't afford another shit storm

By: pepelapiu2004

pepelapiu2004 — Wed, 31 Jul 2019 12:52:30 +0000

An other problem I see with rolling back. So Bob hacks 1 BTC from Binance. And so he launders it by buying 1 BTC worth of Monero from Bill.

Bill didn't do anything wrong. All he did is exchange his Monero for Bitcoin. And now you roll back and you litterally steal this BTC from Bill. And Bob who was the thief, still has his Monero.
Rolling back would get the BTC to Binance. But not necccesairy from the guy who stole it.