Another Bitcoin Stolen Its Deposits - page 2.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: RodeoX on March 04, 2014, 12:24:11 PM

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

Would you let a random person from another country borrow your car? Then why are you leaving your BTC with them?

Once again, the problem are those people. Yet few see this.
This is not a problem in Bitcoin.

h3rlihy

sr. member

Activity: 356

Merit: 250

WHY WHY WHY ARE PEOPLE STILL LEAVING THEIR COINS WITH THIRD PARTIES

Peter R

legendary

Activity: 1162

Merit: 1007

MtGox claims to lose coins to "malleability" -> SilkRoad 2.0 (which was always planning on stealing user coins) has cover to make the same claim.

MtGox closes down due to coins theft -> Other shady exchanges (that were always planning on stealing user coins) now have the cover they need to "shut down" too.

For the first time in history, we have a technology that allows its users to store, transport and exchange value with anyone else in the world, without the assistance of a third party or the permission of an authority. All you need to do is secure your private keys.

bitvestor

sr. member

Activity: 252

Merit: 250

Quote from: crypto2k on March 04, 2014, 11:39:46 AM

http://www.zerohedge.com/news/2014-03-04/another-bitcoin-bank-loses-its-deposits

are they (developer) going to build a better secured script to exchange bitcoin/litecoin to prevent hackings like what just happened recently? How about verifying sellers/buyers mailing address or phone number or something. Its getting out of control - more BTC are stolen these days!

Well, they just closed down with chunk of people's coins and then call it hack!!!

franky1

legendary

Activity: 4270

Merit: 4534

Quote from: RodeoX on March 04, 2014, 12:24:11 PM

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

+1 gotta love some people

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

So if law enforcement isn't enforcing existing laws or investigating existing crimes why would you think that more regulation would change anything.

Summarized:
The cops are not enforcing the laws, so the solution is to pass more laws.

BittBurger

hero member

Activity: 924

Merit: 1001

The reason we have to wonder if it "really was hacked" ?

Because nobody goes to prison if they get caught stealing.

I dont want Bitcoin regulated, but there needs to be strict laws in place harshly punishing ANYONE who starts a bitcoin service and is suspected of theft.

It blows me away that CEO of Flexcoin just releases a nonchalant note to the public, then goes on with his day.

He should be in cuffs right now, pending investigation, like everyone else.

At the very least, harsh punishment for failing to secure his customers funds. Its his problem. His fault.

You cant say "We offered cold storage for an extra fee. If you didn't select it, oh well!"

This is why it keeps happening. Nobody has been punished yet.

-B-

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

It's crazy how this works. We finally have money that is free of the corruption of banks. But the first thing many people do with their coins is put them in a "bank". I use quotes because they are not banks are they?

Would you let a random person from another country borrow your car? Then why are you leaving your BTC with them?

bananas

sr. member

Activity: 364

Merit: 257

do you really believe it was hacked? Huh

franky1

legendary

Activity: 4270

Merit: 4534

Quote from: crypto2k on March 04, 2014, 11:39:46 AM

http://www.zerohedge.com/news/2014-03-04/another-bitcoin-bank-loses-its-deposits

are they (developer) going to build a better secured script to exchange bitcoin/litecoin to prevent hackings like what just happened recently? How about verifying sellers/buyers mailing address or phone number or something. Its getting out of control - more BTC are stolen these days!

does the royal mint which prints money and bashes out coins add security 2 factor authentication to stock exchanges.

NO
its upto the exchanges to protect the customers funds.
its upto banks to have an insurance policy
its up to the owner of the corporations to follow the law and be honourable.

the issue is not the protocol of bitcoin
the issue is not the law
the issue is that too man people do not self regulate and manage their own funds, and trust entities they have not researched, have not met and do not know enough info about to slap them with a wet fish face to face if they do you wrong

AnonyMint

hero member

Activity: 518

Merit: 521

Hacking to steal coins increasing as my model expects.

uranian

full member

Activity: 140

Merit: 100

Just as the price begins to recover, we get this. And a suicided? bitcoin CEO...

crypto2k

newbie

Activity: 36

Merit: 0

http://www.zerohedge.com/news/2014-03-04/another-bitcoin-bank-loses-its-deposits

are they (developer) going to build a better secured script to exchange bitcoin/litecoin to prevent hackings like what just happened recently? How about verifying sellers/buyers mailing address or phone number or something. Its getting out of control - more BTC are stolen these days!

Topic: Another Bitcoin Stolen Its Deposits - page 2. (Read 2678 times)