Public message to BTER - page 2. | Bitcointalksearch.org

finnile

full member

Activity: 196

Merit: 104

Quote from: TaunSew on February 15, 2015, 05:59:48 PM

Quote from: Hollowman338 on February 15, 2015, 05:58:02 PM

Prediction: Everything will be dumped. You will never see a functioning BTER.com again.

Definitely sarcasm, in two weeks everybody will forget and will be back on BTER paying 2x higher fees.. Undecided

I doubt that will happen. This is actually the second time.

Rolandvoda

member

Activity: 108

Merit: 10

Fact is we see that some people, likely BTER employees and affiliates, are spreading disinfo as in reaction phishing , checking to see blacklash of their actions, finding how the people react and if it is quiet enough for them to get away with the money, not necessarily for the money itself

This is a hard hit meant for altcoin community, possibly and most likely an inside job.

The only reasonable answer is found through the logic that we , as a community, are in desperate need of making a stand ASAP.

For my part, if need arises and this actually is an inside job( as it looks from the cold wallet theft??? ) we are waiting on the good will of theDevelopers and their understanding of the gravity of this affair such that they take the measure of the 20mb forks mentioned by the fellow two comments above.

In this case i will gladly forfeit 15% of each coin that i had stored on BTER, towards the respective developer, as payment for the community service.

Rolandvoda

member

Activity: 108

Merit: 10

Can't see how they should be allowed by altcoin devs, especially in the situation of NODE which does not trade elsewhere and Qora which is and has been locked on poloniex for a very long time.

XCH is also in development, as the other two are.

A fork to move lost cash to a dev wallet whom thus would be able to give back to his backers their investments.

If this were some second rate market for these coins, i would understand this not happening.

As this was the main market and as such, massive amounts of each of these three coins were stored on BTER, i see no other humane way to fix this. Same goes for NXT and any other coins with the main market there.

Developers, let not the black hand behind this scheme have its way.

There are precedents.

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Hueristic on February 15, 2015, 05:50:58 PM

Quote

Kaspersky Lab says it has seen evidence of $300 million in theft through clients, and believes the total could be triple that. But that projection is impossible to verify because the thefts were limited to $10 million a transaction

http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?partner=socialflow&smid=tw-nytimes&_r=3

We should just use real banks! Cheesy

Funny people think Bitcoin is hackable while infact centralization is the real danger.

Funny how all Big Bro has to do is turn off your power and/or interent connection and/or access to the blockchain (Say NO to the 20mb fork !).

If we, the growing minority are correct and cryptos really are a false flag/hope meant to trick us into becoming a cashless society, you already are dealing with the private banks.

For those who haven't noticed, the people behind these exchanges, shitcoins and scams, are using the same dirty tactics that the banksters used during the 17-1800s.

"Century of Enslavement: The History of The Federal Reserve"
EDIT : http://youtu.be/5IJeemTQ7Vk

Hollowman338

legendary

Activity: 1246

Merit: 1000

Quote from: TaunSew on February 15, 2015, 05:59:48 PM

Quote from: Hollowman338 on February 15, 2015, 05:58:02 PM

Prediction: Everything will be dumped. You will never see a functioning BTER.com again.

Definitely sarcasm, in two weeks everybody will forget and will be back on BTER paying 2x higher fees.. Undecided

100 NXT says it won't

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: Hollowman338 on February 15, 2015, 05:58:02 PM

Prediction: Everything will be dumped. You will never see a functioning BTER.com again.

Definitely sarcasm, in two weeks everybody will forget and will be back on BTER paying 2x higher fees.. Undecided

Hollowman338

legendary

Activity: 1246

Merit: 1000

Prediction: Everything will be dumped. You will never see a functioning BTER.com again.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote

Kaspersky Lab says it has seen evidence of $300 million in theft through clients, and believes the total could be triple that. But that projection is impossible to verify because the thefts were limited to $10 million a transaction

http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?partner=socialflow&smid=tw-nytimes&_r=3

We should just use real banks! Cheesy

Funny people think Bitcoin is hackable while infact centralization is the real danger.

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: Bit_Happy on February 15, 2015, 03:02:56 PM

Quote from: noelmal on February 15, 2015, 09:01:04 AM

OP traded real btc for those shitcoins and expects to make millions I LOL'd

Some altcoins will succeed long-term, but leaving such large amounts on an exchange is a bad idea.

True .....Hardly any altcoins can grow in the long term. The Crypto world is a wild-west, and hacks are just one part of the risk. Any left on exchanges should be expendable.

Hachoir

member

Activity: 107

Merit: 10

Nobody is hiding what are you talking about

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Rolandvoda on February 15, 2015, 07:32:57 AM

Altcoins SHOULD not be affected.

I offer 0.11 BTC for BTER BTC hack victims. If BTER agrees to make such a fund.

Shill alert ! CODE RED ! Shocked

Yes ! We shouldn't be trusting them but lets give them more of our coins anyways !

TaunSew

hero member

Activity: 756

Merit: 506

BTER you may have to go with the lesser evil option here. There should be enough NXT in your system compensate all the BTC losses. NXTers won't do anything about it but the BTC people might sue you or lay charges.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: matt608 on February 15, 2015, 04:35:59 PM

Quote from: redsn0w on February 15, 2015, 04:30:00 PM

Quote from: matt608 on February 15, 2015, 04:26:41 PM

A safe place to store BTC is in bitBTC, which earns interest, by using metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned.

Do you agree that it is more safe a personal wallet with multiSig (+ hardware wallet)? Or not ?

Nothing is safter than a cold wallet or hardware wallet. As for a personal wallet, that depends on the type of personal wallet, a light wallet is probably less secure but others may be just as secure or more secure with multisig.

But it's mainly about exchanges for trading. You can't trade BTC against USD or anything at all from the relative safety of a personal bitcoin wallet (yet), but you trade against the USD with bitBTC, because the exchange is in the wallet. bitBTC can be traded against bitUSD, bitGOLD, bitSILVER, etc. So for people who want to get exposure to the BTC/USD market, the bitBTC/bitUSD market is the most secure way to trade.

"Plausible" but if someone want to exchange his altcoin for bitcoin and viceversa ? The real purpose of an exchange is : send your coin >> exchange it >> withdraw to your personal desktop/online wallet (all this in 20-30 min, if you are so unlucky to not deposit your coin "while" the attack is being).

More simple , without any type of problem. Remember an exchange is not a bank.

POM

sr. member

Activity: 547

Merit: 254

matt608

hero member

Activity: 868

Merit: 1000

Quote from: finnile on February 15, 2015, 04:36:47 PM

Quote from: matt608 on February 15, 2015, 04:26:41 PM

A safe place to store BTC is in bitBTC, which earns interest, by using https://metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned. This sucks.

Well, its still storing it with a 3rd party and can thins can turn ugly at anytime.

Using metaexchange there is only a momentary (literally seconds) risk while the transfer is made. As soon as the bitBTC are in your BitShares decentralised exchange wallet, they are much much more secure than a centralised exchange. Not as secure as cold storage, but a huge increase in security vs centralised exchanges while maintaining the ability to trade.

TaunSew

hero member

Activity: 756

Merit: 506

Not a question of safe or technology. A lot of you speculators and such go to the exchanges with the most volume. The catch 22 here is that the exchanges themselves, through buying coins themselves or engaging in fractional reserves, are creating fake volume to attract customers. No such thing as a free lunch in this world and now people are paying for it.

The whole offering a bounty to catch a hacker is very similar to that NXT episode. Of course, being the internet, who would go on the internet and tell a lie? Like a predictable soap opera on the television, BTER will get back the majority of the coins and hike up the fees on customers to pay the rest back but the hacker isn't brought to justice. Strong allegation here but who's to say the hacker isn't BTER themselves looking for a Chinese New Years' bonus?

finnile

full member

Activity: 196

Merit: 104

Quote from: matt608 on February 15, 2015, 04:26:41 PM

A safe place to store BTC is in bitBTC, which earns interest, by using https://metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned. This sucks.

Well, its still storing it with a 3rd party and can thins can turn ugly at anytime.

matt608

hero member

Activity: 868

Merit: 1000

Quote from: redsn0w on February 15, 2015, 04:30:00 PM

Quote from: matt608 on February 15, 2015, 04:26:41 PM

A safe place to store BTC is in bitBTC, which earns interest, by using metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned.

Do you agree that it is more safe a personal wallet with multiSig (+ hardware wallet)? Or not ?

Nothing is safter than a cold wallet or hardware wallet. As for a personal wallet, that depends on the type of personal wallet, a light wallet is probably less secure but others may be just as secure or more secure with multisig.

But it's mainly about exchanges for trading. You can't trade BTC against USD or anything at all from the relative safety of a personal bitcoin wallet (yet), but you trade against the USD with bitBTC, because the exchange is in the wallet. bitBTC can be traded against bitUSD, bitGOLD, bitSILVER, etc. So for people who want to get exposure to the BTC/USD market, the bitBTC/bitUSD market is the most secure way to trade.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: matt608 on February 15, 2015, 04:26:41 PM

A safe place to store BTC is in bitBTC, which earns interest, by using metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned.

Do you agree that it is more safe a personal wallet with multiSig (+ hardware wallet)? Or not ?

matt608

hero member

Activity: 868

Merit: 1000

A safe place to store BTC is in bitBTC, which earns interest, by using https://metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned. This sucks.

Topic: Public message to BTER - page 2. (Read 8318 times)