If any exchange dare try that again, all we do is call BITCOIN-MAN:
https://bitcointalksearch.org/topic/do-you-know-this-guy-hint-he-just-made-bitcoin-history-486605
Topic: If Mtgox have big issues I bet other exchanges are in the same position (Read 980 times)
February 25, 2014, 07:31:30 AM
February 25, 2014, 07:17:13 AM
The use of POW/Block chain is potentially revolutionary... I'm not sure if Bitcoin is going to flourish. Destroyed coins are one thing (and that part is well designed), coins in the hands of thieves is much worse to me. (I still think it will flourish, though - just my 95% confidence has dropped to 90%).
That said... My bitcoins are sitting in various locations. I've never lost any in the years that I've been involved. I have a lot less than I should because I'm super conservative.
I'll leave with this, something I posted before most of this went down:
Don't leave money on exchanges unless you are a day trader.
Don't use online wallet services, unless they are open source and they don't actually have access to your keys (blockchain.info).
Always use 2FA in all services that allow it. Never use a service that doesn't allow 2FA to transact bitcoin.
Never use an unsecure email address... enable 2FA on your email address login.
Use only open source software to store your bitcoins.
Don't use Windows to store large amounts of bitcoins, even if your wallet is encrypted. Keep multiple wallets with different appropriate security levels for how they are used.
Do not ever use Brainwallets unless you are an expert.
Don't use paperwallets unless you are an expert. Always practice with small transactions first. Learn about change addresses.
Don't own more than you are comfortable losing.
You don't own bitcoin unless you and only you have access to the private keys.
That said... My bitcoins are sitting in various locations. I've never lost any in the years that I've been involved. I have a lot less than I should because I'm super conservative.
I'll leave with this, something I posted before most of this went down:
Don't leave money on exchanges unless you are a day trader.
Don't use online wallet services, unless they are open source and they don't actually have access to your keys (blockchain.info).
Always use 2FA in all services that allow it. Never use a service that doesn't allow 2FA to transact bitcoin.
Never use an unsecure email address... enable 2FA on your email address login.
Use only open source software to store your bitcoins.
Don't use Windows to store large amounts of bitcoins, even if your wallet is encrypted. Keep multiple wallets with different appropriate security levels for how they are used.
Do not ever use Brainwallets unless you are an expert.
Don't use paperwallets unless you are an expert. Always practice with small transactions first. Learn about change addresses.
Don't own more than you are comfortable losing.
You don't own bitcoin unless you and only you have access to the private keys.
February 25, 2014, 07:09:45 AM
BTC-e do not accept wire transfers from american banks. Bitstamp do.
February 25, 2014, 07:03:38 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
Some may be at risk, and I don't believe all exchanges are, but it is prudent to withdraw your coins just in case. There are one or two exchanges that I believe are extremely healthy and may use them more often in the future.
(Don't ask me which, I don't want to be responsible when they die too)
I personally use Coinbase. Main reason is I live in US and Coinbase is based in US. I just couldn't trust BTC-E, based in Bulgaria. BTC China is out of the question. Bitstamp looks inconvenient since, again, it's in Europe. I have an account with MtGox, but I never used it since it's based in Japan. International wire transfer is simple out of the question for me.
Coinbase is very slow. It takes up to 10 days to buy a bitcoin. But it's mostly bank's problem. One nice (or worse) thing about Coinbase is that, they don't keep your fiat themselves. Once you are verified, you can buy bitcoins without any balance. The fiat will be withdrawn from your connected back account. Transfer from your bank account to Coinbase takes about 10 days. Of course, buying price is from a 'click' of buy button, not after 10 days of transfer.
If you sell your bitcoins, fiat will not stay at Coinbase, it will transfer back to your bank account. Therefore, there is no fiat in Coinbase at any given moment. This can be a curse (for day traders) or good protection for regular bitcoin users.
Bitcoins will stay at Coinbase account, if you remember bitcoin wiki, online wallet is most insecure that it's recommended you need to transfer to your own wallet or some place else immediately.
February 25, 2014, 06:45:21 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Relax junior, if the other exchanges are in the same boat we can only hope the beating that MtGox got from the Bitcoin community was enough of a warning to them to make sure they have their code properly written.
the beating that MtGox got from the Bitcoin community was enough of a warning
tell me, what's that? the money we give free to gox?
Yeah maybe...
February 25, 2014, 06:45:12 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
Some may be at risk, and I don't believe all exchanges are, but it is prudent to withdraw your coins just in case. There are one or two exchanges that I believe are extremely healthy and may use them more often in the future.
(Don't ask me which, I don't want to be responsible when they die too)
February 25, 2014, 06:42:10 AM
Quote
The exchanges make good profits from their business, there should be no need to touch customer funds - it's also illegal, they are 'client' accounts.
and who's going to enforce that?
lol!
In United States, exchange services are categorized as 'money transmitter' And there are shit load of laws and regulations on them.
http://en.wikipedia.org/wiki/Money_transmitter
http://www.finra.org/Industry/Issues/AML/
Do your homework before lol!
February 25, 2014, 06:38:56 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Relax junior, if the other exchanges are in the same boat we can only hope the beating that MtGox got from the Bitcoin community was enough of a warning to them to make sure they have their code properly written.
the beating that MtGox got from the Bitcoin community was enough of a warning
tell me, what's that? the money we give free to gox?
yeah, we surely showed them by giving them all our money! they will think twice before doing that again!
February 25, 2014, 06:36:14 AM
That's why I won't touch BTC-E
who even knows who or where they are.
who even knows who or where they are.
February 25, 2014, 06:33:44 AM
Quote
The exchanges make good profits from their business, there should be no need to touch customer funds - it's also illegal, they are 'client' accounts.
and who's going to enforce that?
lol!
February 25, 2014, 06:33:22 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
keep that up, I missed the $400 btc and I'd sure like to experience it ...
more FUD, do your thing
February 25, 2014, 06:30:34 AM
Its not about the code, it's about underlying professionalism and integrity and Gox had none of either.
What the remaining exchanges need to do is get professional, I've been saying it for ages, but I'd suggest:
- Appoint some credible professionals with real business/banking experience and the balls to act
- Appoint auditors to independently verify that 100% of the Bitcoins/Cash owned by customers are still there
The exchanges make good profits from their business, there should be no need to touch customer funds - it's also illegal, they are 'client' accounts.
Bitcoin needs to 'grow up' to grow further........
I emailed Bitstamp (who I use) offering assistance some time back, but never got a reply.........
What the remaining exchanges need to do is get professional, I've been saying it for ages, but I'd suggest:
- Appoint some credible professionals with real business/banking experience and the balls to act
- Appoint auditors to independently verify that 100% of the Bitcoins/Cash owned by customers are still there
The exchanges make good profits from their business, there should be no need to touch customer funds - it's also illegal, they are 'client' accounts.
Bitcoin needs to 'grow up' to grow further........
I emailed Bitstamp (who I use) offering assistance some time back, but never got a reply.........
February 25, 2014, 06:29:22 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Relax junior, if the other exchanges are in the same boat we can only hope the beating that MtGox got from the Bitcoin community was enough of a warning to them to make sure they have their code properly written.
the beating that MtGox got from the Bitcoin community was enough of a warning
tell me, what's that? the money we give free to gox?
February 25, 2014, 06:20:32 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Relax junior, if the other exchanges are in the same boat we can only hope the beating that MtGox got from the Bitcoin community was enough of a warning to them to make sure they have their code properly written.
February 25, 2014, 06:16:46 AM
I bet that the same problems with mtgox are with other exchanges.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
Beware were you put your money because exactly like mtgox other exchanges will have issues paying their customers.
It is only a matter of time before other bitcoin exchanges show the same hack issues like mtgox, or maybe there was never a hack in mtgox, they were hacked by themselves to take everybody people money.
The best and easy way for a company to shutdown and take everybody money is to tell that they got hacked, they will blame others for their problems, that way people will get mad directly to an anonymous hacker instead of mtgox directly.
The mtgox people are professional scammers and I bet that other exchangers are in the same position.
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