Author

Topic: Generosity of recent Bitcoin thefts (Read 1926 times)

legendary
Activity: 1246
Merit: 1016
Strength in numbers
July 26, 2012, 02:11:15 AM
#4
As we all know with the recent plausible evidence of Zhou Tong being the Bitcoinica hacker, we should recall the generosity of this theft compared to MyBitcoin.

Zhou Tong offered a 5,000 BTC refund of the 100,000+ BTC stolen. If we use 100,000 as optimistic estimate of the stolen coins, 5,000 easily amounts to 5%.

Looking back on MyBitcoin, they offered 49% of the total 154,406 stolen.

Whats the verdict? MyBitcoin was more generous than Zhou Tong.

Only if Zhou Tong promised to pay back 5%. He didn't just promise, he performed. Whereas Tom Williams only promised, paying back nothing except to Bruce Wagner his 25,000 BTC. Big difference. (somebody please correct me if I'm in error)

~Bruno~


You are in error, 49% was returned.
vip
Activity: 490
Merit: 502
July 26, 2012, 01:12:01 AM
#3
No. The evidence was not plausible. See: https://bitcointalksearch.org/topic/m.1055046
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
July 26, 2012, 01:06:09 AM
#2
As we all know with the recent plausible evidence of Zhou Tong being the Bitcoinica hacker, we should recall the generosity of this theft compared to MyBitcoin.

Zhou Tong offered a 5,000 BTC refund of the 100,000+ BTC stolen. If we use 100,000 as optimistic estimate of the stolen coins, 5,000 easily amounts to 5%.

Looking back on MyBitcoin, they offered 49% of the total 154,406 stolen.

Whats the verdict? MyBitcoin was more generous than Zhou Tong.

Only if Zhou Tong promised to pay back 5%. He didn't just promise, he performed. Whereas Tom Williams only promised, paying back nothing except to Bruce Wagner his 25,000 BTC. Big difference. (somebody please correct me if I'm in error)

~Bruno~
member
Activity: 70
Merit: 10
July 26, 2012, 01:01:43 AM
#1
As we all know with the recent plausible evidence of Zhou Tong being the Bitcoinica hacker, we should recall the generosity of this theft compared to MyBitcoin.

Zhou Tong offered a 5,000 BTC refund of the 100,000+ BTC stolen. If we use 100,000 as optimistic estimate of the stolen coins, 5,000 easily amounts to 5%.

Looking back on MyBitcoin, they offered 49% of the total 154,406 stolen.

Whats the verdict? MyBitcoin was more generous than Zhou Tong.
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