Topic: [Payout Updates] Bitcoinica site is taken offline for security investigation - page 77. (Read 156693 times)

How did you get that? Thanks!

Edit: Sign & Encrypt, or just Encrypt? Just encrypting should be good, right?

http://pool.sks-keyservers.net:11371/pks/lookup?op=get&search=0xCCF588E3

Hmmm, how do I encrypt my file using that key? I'm using the following PGP GUI:
http://gpg4win.org

Never worked with PGP before, so this is all new to me. It's asking me to use a certificate, but I want to use your key instead. How can I make the program accept a key rather than a certificate?

Hey, this is my valid key: CCF588E3. The other one is old and I need to revoke it. Make sure you mention it's encrypted for me.

Also avoid sending things to my personal email if you want to keep it secure. That email is used on public terminals and is not secure - it's a personal email. Otherwise if you don't mind then you can CC me, but make sure it does actually get sent to [email protected]

Genjix, is it okay if I use your public PGP key to encrypt the data before sending it to [email protected]?
And if so, what public key would you like me to use? Thanks.

Great idea, and I agree! We need a public statement on how to send verification details. Genjix, could you please comment on this?

I have sent additional information; but GPG encrypted (you should have explicitly supplied a key for that purpose) to genjix's public key, 634FEC67.

Could genjix confirm that that is a reasonable key to encrypt to?  If not, please supply another.

Given how insecure email is, I really don't want to be broadcasting unencrypted personal information all around the Internet.

I've just made a document with as many mails from and to Bitcoinica I still had, combined with proof of residency and my ID.
Can you please confirm I should send those documents to [email protected]?
I'd like my data to be handled with great care.

Thank you very much in advance.

Technically this isn't theft - it's not that they are taking your funds and not letting you to get them.

Now whether is this ethical or not is another question (hint: it's not).

What you are describing here is theft. I don't think that is a good strategy.

Not sending out emails may reduce or delay the overall number of claims. No need to wake up sleeping dogs who'd otherwise forgot about their coins on the site or wouldn't know about an option to make a claim.

I filed a claims form and sent a follow-up email almost immediately when the claims form was available. I haven't received a single email from Bitcoinica other than the one with a link to verify my claim.

I was relatively new to Bitcoinica and was trying to get verified when this happened. I sent verification documents and followed up with several emails in the weeks before the the hacking incident. Back then I also never got a response from Bitcoinica, which is why I didn't put more money in there.

Hopefully ~$1k is considered a substantial enough amount not to fall into the "long tail." Who I am, my business, etc. are all well enough known that I'm clearly not faking a claim. Do I really have to take to IRC and forums to get a response as to whether my claim's been processed, or if there are any questions about it?

My Bitcoinica account is the only one with an email @strikesapphire.com.

I agree, because of the certificate issues on bitcoinica, many people (me included) would have seen the following page in chrome:



Without email notification this means a lot of people were completely unable to discover the claims page, much less trust their personal info to it.

some people do get funny about getting too many emails, fair enough, but this has been taken to the other even worse extreem - no emails ever.

as others have said the claims page is the big one that should have gone to everyone, you dont need to email every time anyone does anything (meeting to discuss X or descision due soon etc) thats what the forum or something like twitter is for. at the very least there should have been 1 email to say 'here's the claim page, for further info see this forum thread/twitter feed/website'

who got their own money already?

I did deposit with mtgox only, it's easy to proof that my claim is o.k.

I didn't receive any email giving the link to the claim page : online for 2 long weeks now!
About that claim page, a text box would have been appreciate, so people can give used MTGOX-CODES or whatever to prove themselves honest and respectful.

And to repeat what has been said by many others, email is not secured enough (where a https claim page can be) considering all the mess that happened yet.

Anyway, I'm glad to hear you are ready to start the payout process.

for future reference, when its about peoples money that they have been waiting for desperately for almost a month, a few emails once or twice a day are nowhere close to annoying, more like critical.

None of those are a factor as to whether we have a high degree of certainty in a person. We are not using a trust metric, but simply extraditing the process for people with a high degree of certainty.


People with the largest balances may in fact take longer to verify.


Bitcoinica does not make money off of holding people's money. If anything it costs us in terms of time.

The reason Bitcoinica used to give people interest was to encourage people to let their money sit there so that Bitcoinica does not need to hedge as often between USD and BTC (which is costly and expensive given MtGox's fees).


I never said anything on IRC nor bad-mouthed anyone.

About email: not everyone appreciates constant small updates sent to their inbox. However once we are ready to move forwards, a mass email will be sent detailing everything.

I mean assets when I talk about assets. It's the accounting term.

Assets = BTC cold storage + Mt. Gox balances + Bank balances

Customer deposits are liabilities, but we have customer unrealized profits (liabilities) and customer unrealized losses (contra-liabilities) as well.

Bitcoinica is insolvent for obvious reasons. It's in insolvency state. The investor promised to chip in, which exceeds his legal responsibility. But before the money arrives, Bitcoinica is insolvent.

Claimed amount also has nothing to do with actual liabilities. It's what the creditors claim.

In general, I support the hybrid approach.

I support expediting those people who have verifiable information and reputations.

I do not now, nor have I really ever, regarded "number of forum posts" as any sort of legitimate indicator of the trustworthiness of any individual. OTC ratings, yes. Verifiable forum trades, yes. Number of times some fool wrote "sub" in a thread? Not very worthwhile.

I do not support expediting those with largest balances. In most cases, I suspect, this is disproportionate with the actual need. I also do not support expediting those with the smallest balances, for the same basic reason. (ofc, in the cases where the largest/smallest balances are the most verifiable, w/ best reps, hopefully, /obviously/ the latter applies more)

I do not really support you keeping 20% for any longer on accounts you can verify with a reasonable degree of accuracy. We've made a long enough forced loan to you. I'm sure you've made enough off the interest to start paying the legal bills from this escapade.

I do not support the continued lack of communication with your customers. A forum thread is, at this point far less than sufficient, or acceptable. I'm really sick of having to dig around to find out what the hell is going on. Is it really that harmful to your process to send a damn email?

I'm also sick to death about hearing the badmouthing on forum and irc from the bitcoinica players. On the forum one side speaks, and on irc the other.  Just keep it to yourselves.

Anyhow....I'll believe the money when it's really seen, by more than just the bitcoinica owner's friends and favorites. Until then, this is just more in a long line of words.