Topic: [Payout Updates] Bitcoinica site is taken offline for security investigation - page 27. (Read 156693 times)

Zhoutong says he sold the company to YOU, so now I am going to ask YOU again. Where the fuck are my fucking bitcoins? If you do not know what the fuck I am talking about, please read my last 50 post. I have a donation list waiting for you mother fuckers. Get your shit straight.

Maria. -G-

Tihan is not holding it up I don't think. It's just time consuming.

And 27% of the claimed value (not 1 in 6) has been paid out so far. Consider that's for 50% of their claimed value.

What do you mean by "you". We were not even involved in Bitcoinica during that time. We did not move to rackspace VPS. I don't know what game you are playing, but I know that you know this.

I only notarised the signed document for the formation of Bitcoinica the day before the hack. This is public information, yet somehow you are implying false things which is very sly and strange. The only thing we are guilty of is that Patrick's personal email got added access to critical infrastructure without his knowledge, and that his email was compromised. And now it is us that bears the brunt of processing payouts.

You know this. Yet you seem intent to just make fun of me. Are you bitter or something? Did I burn you? It's honestly pathetic considering that we hung out in London a few times, you seemed a cool person and I vouched for your trusted character to others.

have there been any us dollar payouts yet?

It's a good time for the following quote:

"An intelligent person learns from their own mistakes, but a genius learns from the mistakes of others."

My alarm bells always rings when somebody brags alot about what they know and what they do. This rings of insecurity, and in many instances of lack of competence.

When it comes to security the best anyone can do is an ongoing best effort following recommended industry standards for security. Young men bragging about their achivements soon enough fall on their nose.

Let's hope there are a lot of geniuses in the bitcoin community which can learn from the numerous mistakes that's already taken place in this community.

And a suggestion to everyone, don't believe anyone that claims to be infallible or that tries to give the impression that they are infallible, the true masters of their craft don't even have the need to brag, they do their work in silence.


But when this mess has first happened, be patient and let the Bitcoinica crew have their time to sort it out (admittedly I'd not be as calm if I had funds in this calamity). At this point throwing stones doesn't help the cause.

Maybe betsofbitcoin. I was just doing market research and seeing if there is any interest.

But that should be in another thread ...

I like this. Where are you setting it up?

Who would like to take bets on which comes first :

-BFL ASIC launch
-Bitcoinica relaunch
-reward drop

does not look like this incident will be resolved this year

What is the hold up paying out the verified accounts (at least the promised 50%)? 1/6 is a lot smaller than 75%. I got my accurate verification long ago, is there anything we can do to speed up payouts? Is there a separate payout verification process after accuracy is established? After being somewhat relieved after the verification email I start to feel being abandoned again.

-coinft.

I'm seeing a lot of claims marked accurate (especially the larger ones). 75% of the claimed value has been marked as accurate with the remaining ones marked 'undecided' (the vast majority). This number is hugely skewed by a few people with very large balances.

The total amount actually paid out thus far is 1/6th of the total claimed value.


Well there's a competing dichotomy here. To process the claims, we have limited information and we cannot tell people what we know and don't know exactly. It's a process of rebuilding a database with imperfect information against malicious agents.

People are getting paid out, but again as I said, the process is very slow. In fact Donald right now has done the majority of work. Many of the claims I processed got reverted because I was making mistakes and doing them improperly. :/ There is lots of information, and a bunch of bottlenecks. For instance, lets say one staff member has access to information X, which the other staff member needs, then there's lag there. So it's not totally as efficient as it could be.

I favoured using a completely mathematical/statistical approach (build stats to cross match and home in on an acceptable dataset using hypothesis testing and confidence intervals). But the others decided that it's less risky and better to do them manually (despite taking longer). I still think the statistical approach is a good one and worth the risk.

maybe you should read the thread.... im sure there is a explanation some where.

Why is bitcoinica still down? What is happening?

Can we please get an update with some real factual data? The last one was made half a month ago. And so far all we know is that ~5% of the smaller accounts got 50% of their BTC balance back and 0% of their USD balance.

By now you guys should have a concrete plan containing WHO/WHAT/WHEN/WHERE/WHY/HOW. Please communicate it to your customers. Update the individual claim pages with verification status and expected payout dates and percentages. If the strategy is to solve the problem by dragging this out hoping customers will forget and go away then you are mistaken.

I was one of Bitcoinica's largest customers. I have extended you my continued patience and trust to sort this out. Now after 50+ days of inaction you have degraded me to practically having to beg for my *own* money back. Well done. Top notch customer service indeed.  

Oh, and Tihan - Can you please nullify the NDA you have with the Bitcoin Consultancy guys? We need to move forward beyond words and empty promises. We need meaningful action & full transparency. It is clear that Bitcoinica LP was (and still is) completely dysfunctional. This is not how you run a professional operation.

Incompetence is a disease.

Bitcoinica and Intersango is the carrier.

EPIC response Vladimir.

It's funny because it's TRUE !

Let's have a look at this in the context.
the post immediately above my post:


Thank you, bremer-btc-user.

@genjix:
This is very rich for YOU and rest of your gang to call ANYONE here stupid. Real pro!. And no, it was not an advise, it was a joke. You are too smart apparently to get it.

I quit advising Bitcoinica the moment my advise to use colocation instead of linode back in September 2011 was
ignored. I have not been advising anyone in Bitcoinica since then. So please do not even for a second imagine that I am advising you here.

Funnily enough, after you guys got owned by linode, you (Bitcoinica) have "fixed" it by moving to rackspace VPS's, GENIUS! (yea for real smart ones clarification: this means IDIOTS!). Do not you see now all the hilarity of this?

P.S. Ohh and by the way "LOL" means "laughing out loud", often used on interwebs as substitute for smiles and it is usually indication that there is a joke somewhere close by.

can we piss in a bucket at least, maybe we can fill the bucket up before we can get an update 

Don't be sorry - it needed to be said. If I had had any money there I'd be saying the same things.

What updates ?

13 June 15:00 ?

I see you post on IRC, I see you post on the forum, (about other things) Anyone else should be giving us updates ?

We're expecting daily updates not monthly ones.

Yes, it is just you are evidently active on the forums and not so evidently with the actual ‘pay outs’.