Topic: [Emergency ANN] Bitcoinica site is taken offline for security investigation - page 13. (Read 224562 times)

I think it is just fair that there is a reasonable deadline. People who are significantly affected by the disaster have very likely claimed already and this needs to be taken care of.
There can always be another 2nd batch of claims processed afterwards, but you can't wait years to ensure that everyone is covered.

Ah. The truth comes out.

Tihan paid us all back once, and will do it again.

Bitcoin Consultancy is the GP of Bitcoinica LP, and refused to answer that question when directly asked several times in this thread. What are they really hiding? What really happened here?

Zhou Tong, surprisingly, might act like a 17yo kid sometimes. Go figure - IMO, I'd be so much happier if he was running the show. Pretty decent job of negotiating a huge minefield with not a whole lot of life experience to draw from. I would be happy to use a service provided by Zhou Tong in the future, however unlikely that might be.

I won't be putting my money in any service owned by Intersango, Bitcoin Consultancy, Bitcoinica, or anything I find running their code. These guys lie, threaten, and attempt to intimidate to protect their failing reputation. That's plenty enough for me. There is basically nothing that they can do to regain my trust. After telling Patrick the other day that omitting th truth is a lie, he continued to do so. What on earth did you think you were protecting, Patrick?

Thank you, Tihan, for providing us with the truth so that the situation might be resolved sooner, and less time be spent on the endless fingerpointing. I'm sorry your investment didn't work out for you. If you do invest in a similar project, that has no association with Bitcoinica, Bitcoinica Consultancy, Bitcoin Consultancy, or Intersango, I would be very pleased to use it.

I will now patiently await the return of my funds.

Why would the claims "grow and grow" if the system can't be gamed

Who said anything about $5 million ? Is that how much money Bitcoinica has ?

I have nothing against different color font. It brings a little joy into our lives. And seriously. It is necessary to limit the time "claim page". Otherwise, all claims will grow and grow. Otherwise soon will not be enough $ 5`000`000  

Or close enough approximations to fool large segments of humanity at least.

"..., for the first time" has an oddly superfluous ring to it which one senses could end up gushing hubris.  Happily the odds are on your side whether or not caution and competence is (and I have no reason to believe that either caution or competence is lacking of course.)

On a related (and illustrative) note, the ML I would be E-ing would be composed of much of what passed through the infamous mailserver which keeps poping up in this thread, and over who knows what period of time.  Clearly this server was used to conduct certain business related to the Bitcoinica transfer.  Seems likely that various Intersango business is also represented.  Also seems likely that Bitcoin Consultancy might be under continued pressure from the criminal for this reason which could add significantly to their woes.

+1

THIS

Still no mass leak.

Guess the hacker burned his popcorn in the microwave

"Button warrior"! That's awesome. Going to use that phrase myself, thank you Naima53.

It's true. It is one thing - scream "button warrior" in this forum. It is quite another matter - a lawsuit, or call the Russian Mafia.

Yeah that.

I thought the lol was more about "wait patiently" - I've seen very little patience in this thread.

Sorry, but this is not how it should work.
You need to give a deadline for claims resolution and you handle all available claims and finalize them.
You can always add remaining claims at a later stage. But you can not wait until the last claim comes in which could be anytime between now and 500 years.
I expect a deadline for claims settlement which is about maximal 5 days out from today.

probably a bad translation. I mean that less ignorant and stupid. More people - who understand the complexity of the situation.

Hi Zhou,
   Could you clarify this? Maybe its been said elsewhere, but I was under the impression that you still have involvement with Bitcoinica.
Have you truly gone your separate path or do you still have influence in one form or another?

You made the offer to the Consultancy to take over the claims process; are you really in a position to do that?

Thanks.

LOL what?

The problem being that there is nobody in the community with the required knowledge of RoR AND security to financial services standard AND bitcoin and its protocol and security concerns.

So the best they had is 2 out of 3, they just needed time for transitioning. Ruby on Rails is not hard, given a couple of months of focused work they get to a very good standard.

It could have probably been approached as a joint project but Bitcoin is insular, and trust requirements are very high, with reliable people meeting all the tick-boxes being very, very scarce.

In any case the previous project ownership was even in a more precarious situation, with a guy who was definitely not ready to run a money market of that size and who actually didn't have neither the motivation nor the intention to do so. So I honestly don't think there was a mistake there.

Thank you! This is what I wanted to hear. I still hope that our money is in safe hands. This is a community of good and honest people, we will patiently wait for solutions to problems.

The critical mistake here is to hand over a Ruby on Rails project to a team unfamiliar with the language.  It's like handing over a Java project to a group of .NET developers.

Some may even argue it is a mistake to even code a site like Bitcoinica on RoR.

I'll quote this here, as people might miss it on the previous page.