2014-03-05 PCWorld - Withdrawal vulnerabilities enabled Bitcoin theft

howardb

hero member

Activity: 574

Merit: 500

Quote from: cryptoanarchist on March 06, 2014, 11:35:21 AM

Quote from: howardb on March 06, 2014, 07:59:22 AM

Quote from: TheIrishman on March 06, 2014, 03:48:57 AM

Withdrawal vulnerabilities enabled Bitcoin theft from Flexcoin and Poloniex

http://www.pcworld.com/article/2104940/withdrawal-vulnerabilities-enabled-bitcoin-theft-from-flexcoin-and-poloniex.html

This just re-enforces the obvious message coming out of the Mt.Gox fiasco, which is that we need regulation and we need it now! People running 'Banks' of any kind should have provable protected reserves and strict audit requirements. Until we get this, anyone keeping any significant amount of BTC at ANY third party wallet is substantially at risk, and frankly if they are stupid enough to do so, deserve what happens to them!

Wow! problem, reaction, solution! Can you be a little more predictable? I only saw your kind of bullshit coming a mile away.

Must be nice to heroically prescient.

cryptoanarchist

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Activity: 1120

Merit: 1003

Quote from: howardb on March 06, 2014, 07:59:22 AM

Quote from: TheIrishman on March 06, 2014, 03:48:57 AM

Withdrawal vulnerabilities enabled Bitcoin theft from Flexcoin and Poloniex

http://www.pcworld.com/article/2104940/withdrawal-vulnerabilities-enabled-bitcoin-theft-from-flexcoin-and-poloniex.html

This just re-enforces the obvious message coming out of the Mt.Gox fiasco, which is that we need regulation and we need it now! People running 'Banks' of any kind should have provable protected reserves and strict audit requirements. Until we get this, anyone keeping any significant amount of BTC at ANY third party wallet is substantially at risk, and frankly if they are stupid enough to do so, deserve what happens to them!

Wow! problem, reaction, solution! Can you be a little more predictable? I only saw your kind of bullshit coming a mile away.

aigeezer

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Activity: 1450

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Cryptanalyst castrated by his government, 1952

Quote from: howardb on March 06, 2014, 07:59:22 AM

if they are stupid enough to do so, deserve what happens to them!

Indeed. So no regulation needed.

Regulators are busy, busy, busy - and any excuse will bring more of them swarming - Gox is a regulator's dream.

howardb

hero member

Activity: 574

Merit: 500

Quote from: TheIrishman on March 06, 2014, 03:48:57 AM

Withdrawal vulnerabilities enabled Bitcoin theft from Flexcoin and Poloniex

http://www.pcworld.com/article/2104940/withdrawal-vulnerabilities-enabled-bitcoin-theft-from-flexcoin-and-poloniex.html

This just re-enforces the obvious message coming out of the Mt.Gox fiasco, which is that we need regulation and we need it now! People running 'Banks' of any kind should have provable protected reserves and strict audit requirements. Until we get this, anyone keeping any significant amount of BTC at ANY third party wallet is substantially at risk, and frankly if they are stupid enough to do so (under the current lack of regulation), deserve what happens to them!

TheIrishman

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Activity: 1049

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Withdrawal vulnerabilities enabled Bitcoin theft from Flexcoin and Poloniex

http://www.pcworld.com/article/2104940/withdrawal-vulnerabilities-enabled-bitcoin-theft-from-flexcoin-and-poloniex.html

Topic: 2014-03-05 PCWorld - Withdrawal vulnerabilities enabled Bitcoin theft (Read 910 times)