Bitstamp back up and all has returned to normal. Will the media cover this too?

randy8777

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Quote from: kenny83 on January 10, 2015, 01:12:55 PM

Bitstamp is coming back with us , but the price of btc is still coming down . i think btc price is coming up somedays

having bitstamp back is great news but that doesn't mean the price will go up.
price decline started way before the hack and doesn't seem to have finished yet.

kenny83

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Bitstamp is coming back with us , but the price of btc is still coming down . i think btc price is coming up somedays

BreathOfZen

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It was covered in the New York Times.
http://dealbook.nytimes.com/2015/01/09/bitcoin-exchange-bitstamp-resumes-services/

Lethn

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As I've said in other threads, they want a narrative, so they'll ignore anything that breaks that, Bitcoin is unstable, unreliable and not a currency, that's what they're going to stick with for as long as the dollar stays alive, then when paper money collapses they'll pretend they were with us all along. Most news journalists operate on a predatory pack mentality and try to pick the side they think is going to win, there is plenty of evidence of this when the election season comes in, even here in the UK when we had the general elections last time round the BBC immediately sided with the conservative party when they had done the maths.

pawel7777

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Quote from: colinistheman on January 09, 2015, 05:36:18 PM

Do you think the mainstream media will be as eager to cover this recovery too, or just the crashes?

Unlikely. It's not really a worthy news to report on for them.
Or maybe they'll cover it if there's absolutely nothing else going on in 'technology' or 'finance' categories.

Did a quick news search and only found 1 non-bitcoin media covering the story, but nothing from the main-stream.

http://venturebeat.com/2015/01/09/bitstamp-resumes-trading-after-5m-in-losses-led-to-shutdown/

Comic Book Coin

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Quote from: Daniel91 on January 10, 2015, 08:03:51 AM

Quote from: rax on January 10, 2015, 07:34:18 AM

Lol. CEO just said they build a whole new backend system from scratch in just 5 days? I believe I will cash out the small balance I still had in there and wait for a fer months before dealing with them again.

I agree with you.
In fact, I don't know if I will be ever able to trust them again.
transfer money online really became scary business lately and little bit stressful

Yeah, it's hard to argue. Still, it is a good sign that they re-opened. They could have easily said that's enough of that and closed shop.

Daniel91

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Quote from: rax on January 10, 2015, 07:34:18 AM

Lol. CEO just said they build a whole new backend system from scratch in just 5 days? I believe I will cash out the small balance I still had in there and wait for a fer months before dealing with them again.

I agree with you.
In fact, I don't know if I will be ever able to trust them again.
transfer money online really became scary business lately and little bit stressful

rax

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Lol. CEO just said they built a whole new backend system from scratch in just 5 days? I believe I will cash out the small balance I still had in there and wait for a few months before dealing with them again.

Edit: Typo

Undermood

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Quote from: gjgjg on January 09, 2015, 08:34:10 PM

Quote from: dKingston on January 09, 2015, 08:28:14 PM

bitstamp stole a $1200 wire I sent to them on December 23rd .. friggin thieves .. i would NEVER trust them again!!!

sure it was not a bank error? if they did just take it you could get it back pretty easily with bank records and a small court case... seems like a strange thing to do though, considering they just covered a few mil of customers money...

ps ive made multiple withdraws and deposits with them without a tiny glitch.

good! Hopefully it will make ppl have more faith in bitcoin! And the price will cover back at previous level above $300!

LiteCoinGuy

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In Satoshi I Trust

Quote from: dKingston on January 09, 2015, 08:28:14 PM

bitstamp stole a $1200 wire I sent to them on December 23rd .. friggin thieves .. i would NEVER trust them again!!!

iam pretty sure you used the wrong bank-details for that deposit. Roll Eyes

tokeweed

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Quote from: Vod on January 10, 2015, 01:17:44 AM

Quote from: tokeweed on January 09, 2015, 08:34:00 PM

Quote

By redeploying our system from a secure backup onto entirely new hardware, we were able to preserve the evidence for a full forensic investigation of the crime.

if someone from inside bitstamp is part of the heist, he better run. he will be caught.

Not if the person responsible for the hack is also responsible for the investigation....

...? law enforcement officers are responsible for the investigation. they were the hackers too?

or are you implying the ceo of stamp is scamming everyone...? now that will be big news if true.

dmugetsu

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Media is being controlled

we can't blame the media for the news

Vod

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Licking my boob since 1970

Quote from: tokeweed on January 09, 2015, 08:34:00 PM

Quote

By redeploying our system from a secure backup onto entirely new hardware, we were able to preserve the evidence for a full forensic investigation of the crime.

if someone from inside bitstamp is part of the heist, he better run. he will be caught.

Not if the person responsible for the hack is also responsible for the investigation....

flipstyle

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They're back up, but the problem is far from solved. There's still 18k coins missing...so unless those customers who had coins stolen are able to instantly withdraw right now, then the underlying issue remains. Will be interesting to see how this plays out.

Braedo

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BtcMarkets - Australian Bitcoin Trading Platform

I doubt it. Media outlets are owned by billionaires that need fiat to continue to operate. So any good news about bitcoin will be kept in the dark.

chek2fire

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gjgjg

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Quote from: dKingston on January 09, 2015, 08:28:14 PM

bitstamp stole a $1200 wire I sent to them on December 23rd .. friggin thieves .. i would NEVER trust them again!!!

sure it was not a bank error? if they did just take it you could get it back pretty easily with bank records and a small court case... seems like a strange thing to do though, considering they just covered a few mil of customers money...

ps ive made multiple withdraws and deposits with them without a tiny glitch.

tokeweed

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Life, Love and Laughter...

Quote from: Flashman on January 09, 2015, 05:45:21 PM

Good news = no fear, no fear = not glued to the station to make advertisers happy.

Edit: oh and it's probably not long before coindesk cryptocoins news etc figure this out, more FUD = more pageviews and shares Sad

very true.

also part of the message the stamp CEO said

Quote

By redeploying our system from a secure backup onto entirely new hardware, we were able to preserve the evidence for a full forensic investigation of the crime.

if someone from inside bitstamp is part of the heist, he better run. he will be caught.

dKingston

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LAUNDER BITCOIN: https://BitLaunder.com

bitstamp stole a $1200 wire I sent to them on December 23rd .. friggin thieves .. i would NEVER trust them again!!!

start the art

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Quote from: gjgjg on January 09, 2015, 08:10:54 PM

Despite not getting a huge amount of communication during the outage, i think bitstamp have come through their 'first time' very well.

not too many other exchanges would have survived / been able to guarantee full account 'refunds' after losing 19k btc.

they always seemed like the best choice for me from the days when there were only 2~3 options, now ive even more confidence in them.

"now ive even more confidence in them"
me too

i wish them all the best

gjgjg

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Despite not getting a huge amount of communication during the outage, i think bitstamp have come through their 'first time' very well.

not too many other exchanges would have survived / been able to guarantee full account 'refunds' after losing 19k btc.

they always seemed like the best choice for me from the days when there were only 2~3 options, now ive even more confidence in them.

Flashman

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Hodl!

Good news = no fear, no fear = not glued to the station to make advertisers happy.

Edit: oh and it's probably not long before coindesk cryptocoins news etc figure this out, more FUD = more pageviews and shares Sad

colinistheman

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Bitstamp is back up, and after 20 minutes there's been enough volume to get them back in sync with the other markets, around $288.

Do you think the mainstream media will be as eager to cover this recovery too, or just the crashes?

They seem to like sensationalist news so it will be interesting to see if they boast about this good news as much as the bad news.

Topic: Bitstamp back up and all has returned to normal. Will the media cover this too? (Read 1649 times)