Topic: Is this all just one big joke? (Read 2650 times)

im still waitig till rebound around 40$

That's Ruxum's fault, not Bitcoin.

Market "LOOKS" nice, but functions terribly. I transferred BTC from wallet to account code given by website to begin the fun, only to have that transaction LOST IN SPACE!! Support asks if I am sure I sent it and if account code was for my acct on their site. I love when support starts with the stupid questions and simpleton observations like "Your acct shows no transactions" G'Da a$$-clown, thus the support request for LOST BTC. Although it would seem exciting to trade BTC for many currencies in one location, it is a TOTAL let down to have money lost because some script kiddie auto generates acct codes and does not assign them to individual accts, so to whomever received my deposit...  Salud!! enjoy the 50 bucks, as for this RUXUM...  ==TURD!!  FUNCTION is 200% more important than GUI.

Game of life, enjoy it
-- Fixed.

- Fixed

You are correct, and I have lost all faith in the dollar and the banking system as a whole, but not because of banks being robbed, but because the greedy and uncaring nature of the central banks and goverment towards its taxpayers makes me nauseous. After giving them huge bailouts because they are "to big to fail" they tighten thier lending and put a choke hold on american citizens. Thats why im looking for an alternative currency. Unfortunatly in our society you have no choice but to use the dollar to buy things. I just want to make sure im making the right decision before I use my "dollars" to buy mining hardware.

It's just a game, enjoy it

You can do even better than that. You can send bitcoins in such a way that a "code phrase" (like 'My plaid socks don't fit me well!') unlocks them. (The client doesn't provide an easy way to do it, but that's an easy fix.)

Yep. Over 90% of the total volume of Bitcoin currency exchange was through Mt Gox, so they were the site to go to if you needed to buy or sell large quantities of bitcoins.

Ahhhh..  I seeeee...  I didn't know that Gox was not originally a bitcoin site.  Wasn't there like, millions of dollars changing hands every day on Gox though?  In the embarrassing video they posted, the whole thing looked like a 2-man operation in some apartment.  I would like to think that today things are a bit more secure than they were. 

To help you with comprehension a little more, $tr3tch, I'd like to point out that whenever any news story says "counterfeit Bitcoins" in relation to the hacking scandal, they are not referring to actual faked bitcoins. They are referring to the fact that the hacker made Mt. Gox, and Mt. Gox only, report more bitcoins than they actually had, so that he could continue with his theft and hijacking with more phony bitcoins than he otherwise could have.

Actual counterfeit Bitcoins are impossible so far. You can't guarantee anything in the world, no matter how secure, but so far Bitcoin's been fully secure in regard to counterfeiting.


That's about it, although I think a better metaphor would be if someone hacked an ATM to report more funds than they actually had, so they could then withdraw more funds than they were supposed to have access to.

tl;dr, Bitcoin is secure, Mt. Gox's database was just deceived by a hacker.

I just wanted to put my idea out there but, isn't losing faith in Bitcoin because of hacked exchanges basically the same as losing faith in the dollar because of some robbed banks? Please correct me if I'm wrong.

i wonder some times

I want to thank all of you for responses. I might have sounded a little bitter in my original post, but I just want to make sure im making the right decision to support the mining community. I'm gonna do some more research and see where it takes me.

are you trolling? did you just decide to not read a thing people posted here?

bitcoin wasnt hacked.

a user was hacked which happens all the time at banks and everything else

mtgox was hacked, MTGOX was a trading site for magic the gathering cards. The guy converted it into a bitcoin exchange when bitcoins were pretty much worthless. People were trading change, not dollars. Then suddenly bitcoin exploded. MTgox was hacked and yeah the price at the mtgox exchange dropped to nearly 0 and mTgox had to shut down and fix up it's security but for the most part besides for a 6 day slow down, no one was really effected.,

now mtgox isnt the only exchange,  tradehill got a bunch of business since mtgox was hacked. There is also Ruxum, which is a more professional(and expensive) exchange that has wall street level protections and was started by a former vp to citigroup.

Bitcoin is actually probably more secure than many of the other methods  you pay with online, as the block explorer is there for you to see your transactions, and you arent susceptible to phishing attacks and right now though their is a bitcoin trojan in the wild, we arent as big of a target as major banks and paypal.

Really it is kinda amazing how much money goes through bitcoins these days and we havent had more growing pains. You can only point to two major cybercrimes and for the most part they didnt effect anyone in the community... except for the victim who had his wallet stolen and Mtgox who probably lost a little business but not much by looking at trading the day they reopened.

https://en.bitcoin.it/wiki/Securing_your_wallet

Yeah the fact that BitCoin was  so easily hacked kind of has me a bit suspicious too.   

Mt Gox was originally a gaming site trading in virtual currency similar to Second Life or World of Warcraft.

When it started trading Bitcoin it had no real value. When the value suddenly skyrocketed up overnight due to an influx of interest, Mt Gox was totally unprepared for the inevitable (and somewhat successful) hack attempt that followed.

no i dont think so. Bitcoins are fine, just that mtgox was hacked. This is open source software and anyone can look at it.

One could put a fully loaded wallet.dat on a USB-stick, SD-card or something like that and simply hand over or snailmail the stick. Not a global (fast) working solution but a 100% anonimous transaction if you asked me.

Or am i wrong ? (I'm a bit new on Bitcoins and the system)