the fact that they had to "rebuild from the ground up" is pretty worrisome. glad to see them back up and trading, but my confidence in their competence is at an all time low. they have not been forthcoming about the nature of the attack, and i can't be sure that they are being forthcoming about the extent of the damage.
i mean, they could have done *worse* at damage control. but that's still where we are. damage control.
Topic: Bitstamp is open - now with multisig - page 3. (Read 4474 times)
Multi-sig is great for individual customers and protecting their individual coins on the exchange, but how does one protect against theft of their protected coins from theft on the exchange (causing them to shut down and take your money)?
how could they take your money without having your key as well ?
it maybe in their posession but they couldnt spend it without your key and you couldnt spend it without theirs
as far as thats how i understand they have implemented it but maybe there is another way ?
the bitstamp team showed the world that there is no goxxing around no more.
they deserve credit for handling the mess like pro's.
hasta la victoria siempre- bitcoin !
edit: frickin auto correction
they deserve credit for handling the mess like pro's.
hasta la victoria siempre- bitcoin !
edit: frickin auto correction
Multi-sig is great for individual customers and protecting their individual coins on the exchange, but how does one protect against theft of their protected coins from theft on the exchange (causing them to shut down and take your money)?
I would wait until trades resume and people able to get their money and their coins in and out before panic buying and consider the situation solved
I just withdrew a small amount of bitcoin as a test and it didn't take long. The trading's started and been going between 290 and 298 recently.
I would wait until trades resume and people able to get their money and their coins in and out before panic buying and consider the situation solved
Better than GOX 
Bitstamp surprised me. They defused the whole situation with speed and grace. Compared to gox, this was very much a success (except for loosing the 18k in the first place).
Good news for bitstamp users but not for bitcoin every one will start selling right now
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
No, multisig makes it more difficult to steal coins.
What happens if I hold (2) of the (3) keys needed to make a transaction, and the hacker cannot get my keys, but he can get the exchange's key? Can he steal my coins on the exchange?
it's just raise the probabilty that your coins are stolen , 3! = 6 times more difficult
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
No, multisig makes it more difficult to steal coins.
What happens if I hold (2) of the (3) keys needed to make a transaction, and the hacker cannot get my keys, but he can get the exchange's key? Can he steal my coins on the exchange?
No,the hacker cannot steal then the coins on the exchange,because he doesn't have your 2 keys.
Thanks, that's good enough for me.
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
No, multisig makes it more difficult to steal coins.
What happens if I hold (2) of the (3) keys needed to make a transaction, and the hacker cannot get my keys, but he can get the exchange's key? Can he steal my coins on the exchange?
No, he needs all three. Think of multisig like one of those fancy bank vaults where you must turn two keys at the same time, except with Bitcoin you can theoretically have as many keys as you like to unlock the address.
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
No, multisig makes it more difficult to steal coins.
What happens if I hold (2) of the (3) keys needed to make a transaction, and the hacker cannot get my keys, but he can get the exchange's key? Can he steal my coins on the exchange?
No,the hacker cannot steal then the coins on the exchange,because he doesn't have your 2 keys.
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
No, multisig makes it more difficult to steal coins.
What happens if I hold (2) of the (3) keys needed to make a transaction, and the hacker cannot get my keys, but he can get the exchange's key? Can he steal my coins on the exchange?
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
No, multisig makes it more difficult to steal coins.
However, Stamp still seems to be stuck on bitcoinwisdom. They're flatlined in fact and got bumped off my radar when I clicked from Bfx back to them.
Trading will resume at 21:00 UTC January 9th. I doubt they will be on bitcoinwisdom until then. They are not back on bitcoinity yet either, but the price on Bitfinex just peaked out at 297.3
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
You will hold (2) of the (3) keys needed to make a transaction.
Bitstamp is open,yeah (with multisig)! Nice that they improved the security. 
However, Stamp still seems to be stuck on bitcoinwisdom. They're flatlined in fact and got bumped off my radar when I clicked from Bfx back to them.
Let me get this straight. If we use multisig is a hacker unable to steal our coins on Bitstamp?
Jump to: