500 Million Dogecoins Mined by Unknown Hacker in Malware Attack

500 Million Dogecoins Mined by Unknown Hacker in Malware Attack(coindesk.com)

95 points by bojanbabic 11 years ago | 35 comments

lmm 11 years ago |

Given that the doge community has tended to be relatively "nice" rather than every-man-for-himself-libertarian, is there any chance of organizing a blacklist for these coins or some such?

VMG 11 years ago | |

I'd love to see that experiment and I'm excited to see the how the process of blacklisting would work.

What would be next? A list of "unshibeful" businesses that are blacklisted? Guns? Drugs? Alcohol?

This is the perfect experiment to see how an un-libertarian, every-man-for-every-other-man interpretation of commerce works out.

jacquesm 11 years ago | | |

If 51% of the mining capacity of the bitcoin network decides that your coins are invalid they cease to exist until the ban is lifted.

tinkerrr 11 years ago | |

The "community" cannot blacklist anything, it's the miners. And it is very unlikely that miners with >50% of the network hashrate would agree to this, since most heavy miners don't really belong to the "community" but are just in it to mine enough to be able to sell to cover their hardware and electricity costs.

VMG 11 years ago | | |

If merchants and exchanges refused to accept block rewards from miners that don't follow a certain rule set, the miners couldn't sell their block rewards.

It's a complicated game.

iancarroll 11 years ago | | |

Yes, the "community" can with modification to the code.

kikki 11 years ago | |

This wouldn't really work, as he can just make a large number of addresses and spread the coins out across a huge web. You could theoretically track the web and all the addresses, but you might then be blacklisting companies and individuals who unknowingly accepted his coins.

Unfortunately that's the "beauty" of anonymous decentralised currency.

computer 11 years ago | | |

That's not true-- if you built it into the protocol/client, then transactions from the blacklisted addresses would simply never be accepted into the blockchain; there would not be the possibility to spread them around.

But I doubt any of the main bitcoin (clones) would ever do that.

pistle 11 years ago |

Any cryptocurrency of value seems to have to fall back to undesirable bureaucratic policies or be devalued by having its own ideology turned back upon itself.

The human cycles spent in monitoring and securing value will put a major drag on the ability of the currency to stabilize its value. Stable value gives currency utility. Utility gives a currency adoption. Adoption gives a currency value.

TheSpiceIsLife 11 years ago | |

I don't recall where I got this from, just threw it in to my quotes.txt without referencing it:

"If you collect a bunch of people and tell them to abandon all the social norms like honesty, politeness, respect, charity, and reason in favor of a cause – then the most likely result is that when your cause tries to develop some internal structure, it will be overrun by a swarm of people who have abandoned honesty, politeness, respect, charity, and reason."

burkaman 11 years ago | | |

It is apparently from this article: http://slatestarcodex.com/2014/06/14/living-by-the-sword/ about the feminism movement turning on itself.

moe 11 years ago |

That's around 180k USD at the current exchange rate.

pestaa 11 years ago | |

Wouldn't discovering a huge dogecoin mine devalue it?

mcintyre1994 11 years ago | | |

I'm guessing it'd devalue if they tried to sell at once, but isn't mining public in that the public blockchain already reflects the 500m mined?

imaginenore 11 years ago | | |

Trying to sell all of them in one go would devalue them.

matthewbauer 11 years ago | | |

I would suspect that speculators would devalue it expecting a significant amount to be sold.

bojanbabic 11 years ago | |

he/she already sold all coins mined and caused market dip

iancarroll 11 years ago |

Meanwhile, everyone is checking their Synology box for mining software.

CamperBob2 11 years ago | |

What's a good way to do this? I have a Synology NAS at home but it's behind a NAT except for specific ports for security cameras. I'll confess I have no earthly idea how to tell if it's been hax0red.

moepstar 11 years ago | | |

Here's a thread on the Synology forums on how to check if your NAS has been infected and how to remove the malware:

http://forum.synology.com/enu/viewtopic.php?f=19&t=80857&p=3...

plorg 11 years ago | |

In April my university reported several Synology boxes being compromised with "bitcoin" miners. I suspect that was part of this pool.

logfromblammo 11 years ago |

500 million dogecoins? That's worth almost 12 grams of lunar regolith, right? That dude must be seriously Jonesin' for some titanium dioxide.

I honestly don't think that the dogecoin community could actually do anything about this without breaking character, other than to suggest sending this guy to the moon... and leaving him there.

yellowapple 11 years ago | |

Nah, I'd rather he not be hanging out on my eventual lunar real estate ;)

stevenspasbo 11 years ago |

He could have gotten a Ferrari yesterday on reddit for less than half that.

http://www.reddit.com/r/dogemarket/comments/28c942/sg_2003_f...

yellowapple 11 years ago |

And they say CPU mining isn't profitable. :)

w-ll 11 years ago | |

That's less true for scrypt based pow chains, although that is rapidly changing with scrypt ASICs now hitting the market.

ianfhunter 11 years ago |

wow.

CheckHook 11 years ago | |

such hack.

dammitcoetzee 11 years ago | | |

much coin

notindexed 11 years ago |

https://github.com/foilo

bojanbabic 11 years ago | |

Account deleted, but this says enough. "openshift-arachni 0 Deploy arachni on openshift"

Apparently hacker used Arachni on openshift to scan for vulnerabilities