Topic: Re: The release of Satoshi's personal data - page 5. (Read 29069 times)
Every cryptocurrency so far has been developed with placental technology. Marsupicoin changes that with a new "PouchChain" algorithm using opossum hashing.
i still find it difficult to understand why and how it would be said that satoshi has a defined profile when his identity is still yet to be ascertained. i can understand if it is said to be a group of programmers who started the project and it became a technology but having a fix profile to it is what i am yet to complement
People just can’t get over it obviously. I mean what’s the point to be obsessed with satoshi so much? I admire what he accomplished and that’s all. Also many people thinks that he is not only one individual person, this seems highly possible.
Your posts polite too-- of course, Soren. As always. Room for everybody to get rich here, just as soon as you whales use your 300 or 500 of your little tokens (no hoarding spectrum need to wait till they hit $10,000,000 per).and go long and then super short, eating the crashing loss on Apollo at https://www.idax.pro/#/exchangepro?pairname=APL_BTC
Think of all the Euros and Descendents of Pioneer Settlers you'll be helping. The posing 1993 Iowa Saturn Lambos can wait. Apollo only up 79% today. You guys can make it affordable for the masses again.
Think of all the Euros and Descendents of Pioneer Settlers you'll be helping. The posing 1993 Iowa Saturn Lambos can wait. Apollo only up 79% today. You guys can make it affordable for the masses again.
What about my posts? Are they chopped liver?
This might be the biggest thread of 2019 :O what have I missed 
where did all this info come from ? I really need to take a beer,relax and read all the infos around here. Thank you so much for posting this, the dude is a legend, if he ever existed tho.
where did all this info come from ? I really need to take a beer,relax and read all the infos around here. Thank you so much for posting this, the dude is a legend, if he ever existed tho.Thank You, Eclipse 2021. Along with Satoshi Bowery's posts in this thread, yours is the most considerate, civil and thoughtful.
I just hope the SPLC doesn't pick up on it and prove all bitcoiners are Nazis spending money with swazis minted on the obverse.
somehow Satoshi identity discussion has turned into the goat simulator advertising 
I'm pretty sure Satoshi Nakamoto is not a single individual, but rather a group of people
could be wrong, but I have had this hunch for quite some time
but even if his identity is revealed and proved I can't see how can this change anything at all
other than tickle some curiosity bones around the world
I'm pretty sure Satoshi Nakamoto is not a single individual, but rather a group of people
could be wrong, but I have had this hunch for quite some time
but even if his identity is revealed and proved I can't see how can this change anything at all
other than tickle some curiosity bones around the world
Tomorrow on Ellen, Satoshi Goatamoto ...
"I met Satoshi Goatamoto at an undisclosed barn in the Midwest and he proved to me beyond doubt that he's the real Satoshi."
"Somethin' doesn't add up!"
"Back from visiting my mother ship, signal theory dictates that if it smells like a goat, walks likes a goat and fucks like a goat, then it's not an alpaca."
somehow Satoshi identity discussion has turned into the goat simulator advertising
I'm pretty sure Satoshi Nakamoto is not a single individual, but rather a group of people
could be wrong, but I have had this hunch for quite some time
but even if his identity is revealed and proved I can't see how can this change anything at all
other than tickle some curiosity bones around the world
I'm pretty sure Satoshi Nakamoto is not a single individual, but rather a group of people
could be wrong, but I have had this hunch for quite some time
but even if his identity is revealed and proved I can't see how can this change anything at all
other than tickle some curiosity bones around the world
This thread is like two or one and a half giant egos battling each other for fame and not realizing nobody gives a shit.
I would say I'm surprised that anybody is actually here, but I'm here too, so...
Have you seen this one Phinn? I think it was made with you in mind:
It's actually a real game.
https://www.youtube.com/watch?v=dvWGLcdI8o8
I would say I'm surprised that anybody is actually here, but I'm here too, so...
Have you seen this one Phinn? I think it was made with you in mind:
It's actually a real game.
https://www.youtube.com/watch?v=dvWGLcdI8o8
Isn't that the wrong goat though ?
Is this the right goat ... ?
- https://youtu.be/UduzkPKZBBY
Bowery != ?
Thank You Mario! But Our Princess Is In Another Castle!
- https://youtu.be/JnbYyTlz1Tw
- https://youtu.be/iZNFKxeYZPA
This might be the biggest thread of 2019 :O what have I missed where did all this info come from ? I really need to take a beer,relax and read all the infos around here. Thank you so much for posting this, the dude is a legend, if he ever existed tho.
where did all this info come from ? I really need to take a beer,relax and read all the infos around here. Thank you so much for posting this, the dude is a legend, if he ever existed tho.
Soren, I was hoping you'd put up that swashbuckling vid of yourself with a walking stick, beard, long hair and swazi armband Chicago speech before Jeff Schoep's National Socialist Movement nation-hopping NSM crew. Really, no kidding, that was a great speech. Don't let it go down the internet rabbit hole on this tenth anniversary of bitcoin. The giant real swazi banner was terrific. Bought one myself in KS from the estate of a WWII vet. He yanked it down from a HQ in France. Cost me $250. In excellent condition. I might sell it for bitcoin.
I was wondering too, if as a personal favor, one or three of you bitcoin whales might buy up a s-load of Apollo and dump it at a gigantic loss so we poor elderly working class whiteys can refill our bags at working class wages for posterity. Can you give a po' n. such as mice elf a hand up?
I was wondering too, if as a personal favor, one or three of you bitcoin whales might buy up a s-load of Apollo and dump it at a gigantic loss so we poor elderly working class whiteys can refill our bags at working class wages for posterity. Can you give a po' n. such as mice elf a hand up?
This thread is like two or one and a half giant egos battling each other for fame and not realizing nobody gives a shit.
I would say I'm surprised that anybody is actually here, but I'm here too, so...
Have you seen this one Phinn? I think it was made with you in mind:
It's actually a real game.
https://www.youtube.com/watch?v=dvWGLcdI8o8
I would say I'm surprised that anybody is actually here, but I'm here too, so...
Have you seen this one Phinn? I think it was made with you in mind:
It's actually a real game.
https://www.youtube.com/watch?v=dvWGLcdI8o8
Such review!
Quote
Niall
4 years ago
All my life i had been searching for the perfect game. Some games came pretty damn close, but after playing this game, i knew my search was over. Goat Simulator is an Action/Simulator game that can divide by zero. Goat Simulator can cure Ebola. Goat Simulator can turn water into wine. Goat Simulator cures depression. Goat Simulator can put on smile on the face of someone with no mouth. Goat Simulator can raise the dead.
Why do i recommend this game? Because Goat Simulator is an amazing piece of my computer's HDD. Goat Simulator is the most important thing on my computer. It is more important than my Operating System.
4 years ago
All my life i had been searching for the perfect game. Some games came pretty damn close, but after playing this game, i knew my search was over. Goat Simulator is an Action/Simulator game that can divide by zero. Goat Simulator can cure Ebola. Goat Simulator can turn water into wine. Goat Simulator cures depression. Goat Simulator can put on smile on the face of someone with no mouth. Goat Simulator can raise the dead.
Why do i recommend this game? Because Goat Simulator is an amazing piece of my computer's HDD. Goat Simulator is the most important thing on my computer. It is more important than my Operating System.
Re dt's post above, I, too, moved from suburbia Chicago.
harrison partch, you ARE Soren Renner. My general take is, at some level, you acquired your Maine property and moved from urban Chicago when bitcoin was worth something, yet not at all what it is today, even at today's mere $3,795.40. Surely you still have plenty of bitcoin left.
I would be stunned if James had not included you, or if you would not have discovered it on your own within the first 6 months, if not sooner. I'm pretty sure James talked about fictional Satoshi with you in early months as well-- probably from August 2008 or even earlier.
remnant is real. I have met and gone around Tallinn and Helsinki with him several times. I feel as if I let remnant down in not apprising him of bitcoin, though I may have in 2009 and just forgot about it, as it had no aged rep or value then.
Satoshi James A. Bowery is clearly real. Met him too. You aren't confusing any but the dullest readers by suggesting otherwise.
Murat Pak I think is fictional. I don't really care too much about your mechanical Turk.
weev is part-Jewish from AR. Great pic of him in HS in a Trotsky hat. He can obviously hack. Only spoke with him once via encryption. He claims to be in Transnistria. I doubt it, but it is possible.
I am asserting truth James Bowery is Satoshi Nakamoto. It is amusing to me only the brightest people can see it.
You are bright, though you almost certainly know (at least in the dawn days of bitcoin) directly from your friendship with James.
nutildah, people DO care who Satoshi is. Leith, podblanc and being The Kwa's highest fake news high yeller enough fame for me.
I would be stunned if James had not included you, or if you would not have discovered it on your own within the first 6 months, if not sooner. I'm pretty sure James talked about fictional Satoshi with you in early months as well-- probably from August 2008 or even earlier.
remnant is real. I have met and gone around Tallinn and Helsinki with him several times. I feel as if I let remnant down in not apprising him of bitcoin, though I may have in 2009 and just forgot about it, as it had no aged rep or value then.
Satoshi James A. Bowery is clearly real. Met him too. You aren't confusing any but the dullest readers by suggesting otherwise.
Murat Pak I think is fictional. I don't really care too much about your mechanical Turk.
weev is part-Jewish from AR. Great pic of him in HS in a Trotsky hat. He can obviously hack. Only spoke with him once via encryption. He claims to be in Transnistria. I doubt it, but it is possible.
I am asserting truth James Bowery is Satoshi Nakamoto. It is amusing to me only the brightest people can see it.
You are bright, though you almost certainly know (at least in the dawn days of bitcoin) directly from your friendship with James.
nutildah, people DO care who Satoshi is. Leith, podblanc and being The Kwa's highest fake news high yeller enough fame for me.
For Satoshi Nakamoto's real and true identity and home city, see this post of a couple of minutes ago:
https://bitcointalksearch.org/topic/m.48612101
Who is sure about this is true? Do you believe this information is accurate when information about him is not known before? I came across Twitter information, and it could not convince me. I realize this is just a clone account to attract followers. https://bitcointalksearch.org/topic/m.48612101
You don't read for understanding, do you, nutildah? I told you: whoever is "behind" these assertions does not expect or want to be believed. He wants to assert.
I understand nobody's posted any messages signed with private keys to relevant bitcoin addresses.
How would I know you told me that already? I didn't even read it the first time.
What do you, DT and Iggy Pop all have in common?
You don't read for understanding, do you, nutildah? I told you: whoever is "behind" these assertions does not expect or want to be believed. He wants to assert.
This thread is like two or one and a half giant egos battling each other for fame and not realizing nobody gives a shit.
I would say I'm surprised that anybody is actually here, but I'm here too, so...
Have you seen this one Phinn? I think it was made with you in mind:
It's actually a real game.
https://www.youtube.com/watch?v=dvWGLcdI8o8
I would say I'm surprised that anybody is actually here, but I'm here too, so...
Have you seen this one Phinn? I think it was made with you in mind:
It's actually a real game.
https://www.youtube.com/watch?v=dvWGLcdI8o8
You are all working together. The technique can be recognized once known. JAB, Craig Cobb, Weev, Murat Pak, Remnant, even this "SR" (if he really exists) are plotting together on the dark web. This thread is only meant to taunt or tease the enemy by partial "Revelation of the Method".
Already stated in the thread numerous times. Read for detail, Charlie.
=================
Was the Russian, Alexander Vinnik, a skilled randomly self-selected patsy who was given an obvious hole to drive through to deflect attention and prosecution?
Between the trading Willy bot and inviting highway tunnels having been backend built-in, who could make sense of the "6% of all bitcoins" forensics except the actual designer of the accident-waiting-to-happen chaos?
How were the cold storage addresses and private keys acquired except by an insider, and an extremely high up one at that?
https://www.youtube.com/watch?v=PVo5wCSnmSs
=====================
On June 25, 2013, as Mt. Gox was being slow-bled hacked, Satoshi Bowery was on top of VirCurEx' probs:
https://bitcointalksearch.org/topic/m.2578978
jabowery
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Re: VirCurEx down again
June 25, 2013, 09:43:02 PM
Reply with quote +Merit #2
Yes I get
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================
Nikhilesh De
Jan 12, 2018 at 18:00 UTC
NEWS
Four years after cryptocurrency exchange Vircurex lost its funds due to alleged hacks, the firm is being sued by its former customers.
In a lawsuit filed in the U.S. District Court in Colorado, a former Vircurex customer accuses the exchange of breach of contract, conversion of funds, fraud and unjust enrichment. The suit explained how only a few of the account holders had received their funds after the exchange froze all withdrawals due to a claimed lack of reserves. At present, the frozen accounts contain a combined $50 million.
https://www.coindesk.com/former-customers-sue-vircurex-exchange-over-frozen-crypto-funds
=======================
Linode Hacks
The Bitcoin Exchange Thefts You May Have Forgotten
In the Spring of 2012...
...which suffered a loss of 43,000 bitcoins. The thief involved in these particular hacks is still to this day unknown, and many suspect it was perhaps a Linode employee.
===========================
On May 12, 2012, a hacker breached the Bitcoinica Rackspace server, according to the now-defunct exchange’s founder Zhou Tong. The exchange lost over 38,000 BTC during the spring incident. In July that same year, Bitcoinica was breached again, but this time it was a stash of BTC held on the Mt Gox exchange. 40,000 BTC were stolen. But following the heist, it was reported the funds were returned. The Bitcoinica hack is one of the most controversial within the industry as many well-known cryptocurrency community members were involved.
===========================
Roman Shtylman (Jewish?) robbed--
https://twitter.com/defunctzombie?lang=en
...oung Vitalik Buterin piece:
... Bitfloor, the fourth largest exchange dealing in US dollars, has just announced[1]that it has been hacked, and the service has taken a loss of 24,000 BTC, worth about $250,000 at the time of the theft.
The unencrypted backup that allowed the thief to carry out the attack was made when Shtylman made a manual upgrade earlier and put the data into an unencrypted partition on his disk; Shtylman has so far declined to comment further on the details of the attack, saying that “my current focus is on the future and not the past.”
https://bitcoinmagazine.com/articles/bitfloor-hacked-250000-missing-1346821046/
The Bitcoin7 Heist
The Bitcoin Exchange Thefts You May Have ForgottenBitcoin7 was a business operating in 2011 that was once the third-largest BTC/USD exchange behind Tradehill and Mt Gox. On October 5, 2011, the company reported a theft of 5,000 BTC allegedly stemming from a group of Russian hackers. However, many believe the breach was an inside job and employees ran off with the funds.
https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/
It is truly disappointing Satoshi Bowery is so skilled, even Daniel Kaminsky couldn't hack Bitcoin Core when it first came out.
https://www.businessinsider.com/dan-kaminsky-highlights-flaws-bitcoin-2013-4
#### Dan Kaminsky
##### About
A noted security researcher, Dan Kaminsky has advised Fortune 500 companies such as Cisco and Avaya; worked for Microsoft; and is currently developing systems to reduce the cost and complexity of securing critical infrastructure. Kaminsky is best known for his work finding a critical flaw in the internet’s Domain Name System (DNS), and for leading what became the largest synchronized fix to the internet’s infrastructure. Of the seven Recovery Key Shareholders who possess the ability to restore the DNS root keys, Kaminsky is the American representative.
The internet’s proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to Money.
There’s an old comment that the internet interprets censorship as damage and routes around it. Sure, we’ve routed money over the internet for a while now, but those flows have always been managed, moderated, regulated by some vestige of authority.
Bitcoin’s about as friendly to this sort of regulation as the rest of the internet is – not very. To put it another way: Bitcoin’s a dollar bill, with a teleporter built in. We can just poke in a few coordinates and poof, off it goes, with the ease of posting to some forum somewhere. That’s somewhat new.
https://www.wired.com/2013/05/lets-cut-through-the-bitcoin-hype/
ferretinjapan
0 points
·
5 years ago
·
edited 5 years ago
One could probably liken it to the quality of code used on the NASA space shuttles that handled takeoff. Their bug to codeline ratio was 1 bug every 420,000 lines. With a total of 17 bugs ever found over 11 versions.
Bitcoin's core code that handles the cryptography was 31,000 lines IIRC. There has been at least one bug that required a hard fork to fix, and several other small issues, so it can't really be said that it is quite up to the standard of NASA's quality, but that doesn't take into account that this was implemented by one person, never got properly tested before going live and has resisted the rigours of at least 4 years of hackers trying to crack the protocol and has come though to the other side. NASA probably spent hundreds of millions working on their code, spending years testing, debugging, and probably drove many developers to a premature nervous breakdown to ensure they had a perfectly working system before they even started using it.
I'd say it really is extremely well made. People always gloss over the code and just focus on the "weaknesses" of Bitcoin like volatility, usability, and other trivial crap. I think it really needs to be drummed into people that code quality at this level, is so rare, and so amazingly thought out that pulling something like this off is simply unheard of.
Edit: clarity, also, petertodd also adds some very valid criticisms.
https://www.reddit.com/r/Bitcoin/comments/1di0yv/with_hackers_citing_bitcoin_security_and_quality/
Yet, if remnant's reading of James Bowery's post that he, James, openly stated (boasted?) he was the tech on virtually ALL early bitcoin exchanges... well, it's crushing to learn James might not be as technically 'virtuosoly'-skilled at preventing leaks, excepting in the original case of Bitcoin Core. The pressure of his shepherding, babysitting, HODLing, and morally-doling his great invention maybe got to him, and caused a diminution of his technical skills?
Kaminsky seems to have said none of the bitcoin from almost all of the major hacks has never been spent on the blockchain. I suppose he means moved out into (wallet-holding) stolen repositories. I don't know if tumblers could obviate the details. A little like hands-on overseer Charles Bronson in Death Wish? Bad or sloppy actors get punished? Bitcoin, too, would become more scarce?
=================
Was the Russian, Alexander Vinnik, a skilled randomly self-selected patsy who was given an obvious hole to drive through to deflect attention and prosecution?
Between the trading Willy bot and inviting highway tunnels having been backend built-in, who could make sense of the "6% of all bitcoins" forensics except the actual designer of the accident-waiting-to-happen chaos?
How were the cold storage addresses and private keys acquired except by an insider, and an extremely high up one at that?
https://www.youtube.com/watch?v=PVo5wCSnmSs
=====================
On June 25, 2013, as Mt. Gox was being slow-bled hacked, Satoshi Bowery was on top of VirCurEx' probs:
https://bitcointalksearch.org/topic/m.2578978
jabowery
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Re: VirCurEx down again
June 25, 2013, 09:43:02 PM
Reply with quote +Merit #2
Yes I get
502 Bad Gateway
nginx/1.4.1
================
Nikhilesh De
Jan 12, 2018 at 18:00 UTC
NEWS
Four years after cryptocurrency exchange Vircurex lost its funds due to alleged hacks, the firm is being sued by its former customers.
In a lawsuit filed in the U.S. District Court in Colorado, a former Vircurex customer accuses the exchange of breach of contract, conversion of funds, fraud and unjust enrichment. The suit explained how only a few of the account holders had received their funds after the exchange froze all withdrawals due to a claimed lack of reserves. At present, the frozen accounts contain a combined $50 million.
https://www.coindesk.com/former-customers-sue-vircurex-exchange-over-frozen-crypto-funds
=======================
Linode Hacks
The Bitcoin Exchange Thefts You May Have Forgotten
In the Spring of 2012...
...which suffered a loss of 43,000 bitcoins. The thief involved in these particular hacks is still to this day unknown, and many suspect it was perhaps a Linode employee.
===========================
On May 12, 2012, a hacker breached the Bitcoinica Rackspace server, according to the now-defunct exchange’s founder Zhou Tong. The exchange lost over 38,000 BTC during the spring incident. In July that same year, Bitcoinica was breached again, but this time it was a stash of BTC held on the Mt Gox exchange. 40,000 BTC were stolen. But following the heist, it was reported the funds were returned. The Bitcoinica hack is one of the most controversial within the industry as many well-known cryptocurrency community members were involved.
===========================
Roman Shtylman (Jewish?) robbed--
https://twitter.com/defunctzombie?lang=en
...oung Vitalik Buterin piece:
... Bitfloor, the fourth largest exchange dealing in US dollars, has just announced[1]that it has been hacked, and the service has taken a loss of 24,000 BTC, worth about $250,000 at the time of the theft.
The unencrypted backup that allowed the thief to carry out the attack was made when Shtylman made a manual upgrade earlier and put the data into an unencrypted partition on his disk; Shtylman has so far declined to comment further on the details of the attack, saying that “my current focus is on the future and not the past.”
https://bitcoinmagazine.com/articles/bitfloor-hacked-250000-missing-1346821046/
The Bitcoin7 Heist
The Bitcoin Exchange Thefts You May Have ForgottenBitcoin7 was a business operating in 2011 that was once the third-largest BTC/USD exchange behind Tradehill and Mt Gox. On October 5, 2011, the company reported a theft of 5,000 BTC allegedly stemming from a group of Russian hackers. However, many believe the breach was an inside job and employees ran off with the funds.
https://news.bitcoin.com/bitcoin-exchange-thefts-forgotten/
It is truly disappointing Satoshi Bowery is so skilled, even Daniel Kaminsky couldn't hack Bitcoin Core when it first came out.
https://www.businessinsider.com/dan-kaminsky-highlights-flaws-bitcoin-2013-4
#### Dan Kaminsky
##### About
A noted security researcher, Dan Kaminsky has advised Fortune 500 companies such as Cisco and Avaya; worked for Microsoft; and is currently developing systems to reduce the cost and complexity of securing critical infrastructure. Kaminsky is best known for his work finding a critical flaw in the internet’s Domain Name System (DNS), and for leading what became the largest synchronized fix to the internet’s infrastructure. Of the seven Recovery Key Shareholders who possess the ability to restore the DNS root keys, Kaminsky is the American representative.
The internet’s proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to Money.
There’s an old comment that the internet interprets censorship as damage and routes around it. Sure, we’ve routed money over the internet for a while now, but those flows have always been managed, moderated, regulated by some vestige of authority.
Bitcoin’s about as friendly to this sort of regulation as the rest of the internet is – not very. To put it another way: Bitcoin’s a dollar bill, with a teleporter built in. We can just poke in a few coordinates and poof, off it goes, with the ease of posting to some forum somewhere. That’s somewhat new.
https://www.wired.com/2013/05/lets-cut-through-the-bitcoin-hype/
ferretinjapan
0 points
·
5 years ago
·
edited 5 years ago
One could probably liken it to the quality of code used on the NASA space shuttles that handled takeoff. Their bug to codeline ratio was 1 bug every 420,000 lines. With a total of 17 bugs ever found over 11 versions.
Bitcoin's core code that handles the cryptography was 31,000 lines IIRC. There has been at least one bug that required a hard fork to fix, and several other small issues, so it can't really be said that it is quite up to the standard of NASA's quality, but that doesn't take into account that this was implemented by one person, never got properly tested before going live and has resisted the rigours of at least 4 years of hackers trying to crack the protocol and has come though to the other side. NASA probably spent hundreds of millions working on their code, spending years testing, debugging, and probably drove many developers to a premature nervous breakdown to ensure they had a perfectly working system before they even started using it.
I'd say it really is extremely well made. People always gloss over the code and just focus on the "weaknesses" of Bitcoin like volatility, usability, and other trivial crap. I think it really needs to be drummed into people that code quality at this level, is so rare, and so amazingly thought out that pulling something like this off is simply unheard of.
Edit: clarity, also, petertodd also adds some very valid criticisms.
https://www.reddit.com/r/Bitcoin/comments/1di0yv/with_hackers_citing_bitcoin_security_and_quality/
Yet, if remnant's reading of James Bowery's post that he, James, openly stated (boasted?) he was the tech on virtually ALL early bitcoin exchanges... well, it's crushing to learn James might not be as technically 'virtuosoly'-skilled at preventing leaks, excepting in the original case of Bitcoin Core. The pressure of his shepherding, babysitting, HODLing, and morally-doling his great invention maybe got to him, and caused a diminution of his technical skills?
Kaminsky seems to have said none of the bitcoin from almost all of the major hacks has never been spent on the blockchain. I suppose he means moved out into (wallet-holding) stolen repositories. I don't know if tumblers could obviate the details. A little like hands-on overseer Charles Bronson in Death Wish? Bad or sloppy actors get punished? Bitcoin, too, would become more scarce?
AGD Charlie Manson, how many time are you gonna lay in your extremely pithy "nuff said" into this thread? Between your "nuff saids" and Phinnaeus' Bob Marley Caribbean rastaman quotes, it's a sociological mess-- like The Kwa!
=====================
Article of Nov. 19th, 2018:
...Mt. Gox lost about 740,000 bitcoins (6% of all bitcoin in existence at the time), valued at the equivalent of €460 million at the time and over $3 billion at October 2017 prices.
... Rather bizarrely the name Mt Gox stood for “Magic: The Gathering Online eXchange”.
... it would appear that it was stolen via a copied wallet.dat file, either by hacking or perhaps through an insider.
Subsequent investigations have shown that the massive hack of Mt. Gox had begun as early as September 2011. As a result, Mt. Gox was operating while technically insolvent for almost two years and had practically lost all of its bitcoins by mid-2013. Additional evidence has suggested that Mt. Gox was already missing up to 80,000 bitcoins from its exchange even before Mark Karpelés purchased the exchange in 2011.
Since its collapse, a number of Mt. Gox employees have spoken about how Mt. Gox was operating, with a picture being painted of a disorganized and discordant organization, with poor security procedures, serious issues relating to the source code of the website...
...In addition, the US Department of Homeland Security was investigating claims that a subsidiary of Mt. Gox operating in the US was not licensed and was therefore operating as an unregistered money transmitter.
https://blockonomi.com/mt-gox-hack/
============================
Article from Nov. 12th, 2018:
Apparently, no kinds of controls were used at the company, meaning that bugs and errors could be easily introduced by new work. Moreover, the sole authority for approving changes was Karpelés himself, meaning critical security fixes could be put on hold for weeks at a time until he had a spare moment to look at the code himself.
Mark Karpelés was a busy man and it seems that he had a nagging attention problem. Perhaps he was unable to handle the pressures of a management role. Or perhaps he was just unwilling to do so.
Mr Karpelés was also well known for squandering his time – and the company’s money – on useless vanity projects.
...He treated everything as a technical problem, solvable by throwing enough software and hardware at it (not that he was particularly good at the technical problems either).
... The duration between 2013 and early 2014, to be precise, culminating with the infamous ‘hack’.
... Unlike the popular perception, the bitcoins weren’t stolen in one fell swoop. The hack was subtle and sneaky, gradually draining away the exchange’s coffers.
... The entire reserve of Mt Gox had been emptied by mid 2013.
That is eight months before the fact was made public knowledge.
https://totalcrypto.io/mt-gox/
=====================
Article of Nov. 19th, 2018:
...Mt. Gox lost about 740,000 bitcoins (6% of all bitcoin in existence at the time), valued at the equivalent of €460 million at the time and over $3 billion at October 2017 prices.
... Rather bizarrely the name Mt Gox stood for “Magic: The Gathering Online eXchange”.
... it would appear that it was stolen via a copied wallet.dat file, either by hacking or perhaps through an insider.
Subsequent investigations have shown that the massive hack of Mt. Gox had begun as early as September 2011. As a result, Mt. Gox was operating while technically insolvent for almost two years and had practically lost all of its bitcoins by mid-2013. Additional evidence has suggested that Mt. Gox was already missing up to 80,000 bitcoins from its exchange even before Mark Karpelés purchased the exchange in 2011.
Since its collapse, a number of Mt. Gox employees have spoken about how Mt. Gox was operating, with a picture being painted of a disorganized and discordant organization, with poor security procedures, serious issues relating to the source code of the website...
...In addition, the US Department of Homeland Security was investigating claims that a subsidiary of Mt. Gox operating in the US was not licensed and was therefore operating as an unregistered money transmitter.
https://blockonomi.com/mt-gox-hack/
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Article from Nov. 12th, 2018:
Apparently, no kinds of controls were used at the company, meaning that bugs and errors could be easily introduced by new work. Moreover, the sole authority for approving changes was Karpelés himself, meaning critical security fixes could be put on hold for weeks at a time until he had a spare moment to look at the code himself.
Mark Karpelés was a busy man and it seems that he had a nagging attention problem. Perhaps he was unable to handle the pressures of a management role. Or perhaps he was just unwilling to do so.
Mr Karpelés was also well known for squandering his time – and the company’s money – on useless vanity projects.
...He treated everything as a technical problem, solvable by throwing enough software and hardware at it (not that he was particularly good at the technical problems either).
... The duration between 2013 and early 2014, to be precise, culminating with the infamous ‘hack’.
... Unlike the popular perception, the bitcoins weren’t stolen in one fell swoop. The hack was subtle and sneaky, gradually draining away the exchange’s coffers.
... The entire reserve of Mt Gox had been emptied by mid 2013.
That is eight months before the fact was made public knowledge.
https://totalcrypto.io/mt-gox/
Well, the reason why I am here is, because I like Bitcoin. What is yours?
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