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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18371. (Read 26710299 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Are you guys buying or selling right now?

Anyone lost coins on finex btw?

67 BTC  Angry

Damn, sorry for the loss. Hopefully you'll get back

dosnt look very good....

but the binfinex dude did confrime that not ALL the funds were lost...

a bail-in is in order...
legendary
Activity: 2198
Merit: 1000
Hey we're only off about $130.00 from our new found floor of 666.00  Grin well 650.oo in my mind....

We seen far worse and come back. But it really sux  Cry
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.
can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

you don't need third. That's why 2 out of 3, only need two sigs. I suppose the 3rd is the wallet provider, in case on of you two flakes out.

sure but i would assume the clients keys where not the ones compromised
legendary
Activity: 2338
Merit: 1035
Are you guys buying or selling right now?

Anyone lost coins on finex btw?

67 BTC  Angry

Damn, sorry for the loss. Hopefully you'll get back
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

seriously i dont even blame bitfinex, i blame everyone who is such a moron to keep his coins on exchanges. even after we had so many hacks meanwhile...

agreed, and think about why those people are storing coins on an exchange ... to earn interest from others who are shorting the bitcoin price

zero shits given for anyone that loses their coins on bitfinex ... fuck off and never come back to bitcoin


The thing is that people are a bit dumb... Especially if they don't have a legally binding contract with the exchange so they can sue.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.
can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

you don't need third. That's why 2 out of 3, only need two sigs. I suppose the 3rd is the wallet provider, in case on of you two flakes out.
No, third is BFX as well, but held in cold-storage.
legendary
Activity: 1260
Merit: 1116
I might as well shut my node off now. Bye fellas. Embarrassed

so all finexed then?

 Grin

But seriously tho. This is serious.  Cry

no it's not, just a bump. finex and the idiots that used it had to go ... bye felicia.

I'm afraid we might never hear from JJG again.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Are you guys buying or selling right now?

Anyone lost coins on finex btw?
I think I lost way too many.  I had margin long bids open, plus I deposited a bunch when BTC lending rates shot up to 0.3% a day, stupidly didn't think about risk assessment later on.
Should have known better, because I knew BFX were cowboys.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.
can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

I guess the thing is: why would Bitgo not sign when things look normal?  If they hadn't installed proper "danger signals" that would stop automatic processing, an automated 2-of-3 is as bad as a normal hot wallet.

an order for 100,000BTC move

seems legit.
hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
Are you guys buying or selling right now?

Anyone lost coins on finex btw?

67 BTC  Angry
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
I might as well shut my node off now. Bye fellas. Embarrassed

so all finexed then?

 Grin

But seriously tho. This is serious.  Cry

no it's not, just a bump. finex and the idiots that used it had to go ... bye felicia.
legendary
Activity: 2758
Merit: 1075
The real question is when do we fork off those criminal coins?
even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

seriously i dont even blame bitfinex, i blame everyone who is such a moron to keep his coins on exchanges. even after we had so many hacks meanwhile...

agreed, and think about why those people are storing coins on an exchange ... to earn interest from others who are shorting the bitcoin price

zero shits given for anyone that loses their coins on bitfinex ... fuck off and never come back to bitcoin
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.
can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

I guess the thing is: why would Bitgo not sign when things look normal?  If they hadn't installed proper "danger signals" that would stop automatic processing, an automated 2-of-3 is as bad as a normal hot wallet.
hero member
Activity: 658
Merit: 503
Bear with me
I'm doing exactly nothing. Holding my coins in cold storage.
legendary
Activity: 2338
Merit: 1035
Are you guys buying or selling right now?

Anyone lost coins on finex btw?
legendary
Activity: 1120
Merit: 1012
You couldn't pay me to send Bitfinex any amount of bitcoin or dollars.

BTC5K is a lot of coins to be intimidating with. Can't imagine an idiot handling $3.7MM

Well, he's deposited that many coins at Finex so... yeah.

How much money do you make trading when the exchange goes tits up and accidentally all the coins?

People need to learn the easy way, from the mistakes of others, as opposed to actually sticking their hand in the fire.

If you aren't the sole controller of your private keys, you don't have any bitcoins. I mean, I hate to sound like a broken record, but do we really need to keep learning this lesson the hard way?
sr. member
Activity: 704
Merit: 270
The real question is when do we fork off those criminal coins?

ASAP fork to unlimited blocksize will fix everything
legendary
Activity: 1288
Merit: 1087

can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

is it not bitgo? whatever or whoever it is, it sure as hell don't work very well.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!



I went for a shower... missed all the fun...  Cheesy

I see a lot of explosions happening... and 2nd degree burns... Run bears... run!!!



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