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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18372. (Read 26710358 times)

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!!!



sr. member
Activity: 704
Merit: 270
another wildfire cleanses the bitcoin space. But now can the devs & miners deliver the KO blow --- and KILL BITCOIN
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???
legendary
Activity: 1260
Merit: 1116
The real question is when do we fork off those criminal coins?
sr. member
Activity: 356
Merit: 250
MT Gox all over again?
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪

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...

totally agree with you man... who leaves coin in an exchange after all these problems. Exchanges are made to be in --> out
Unless you want to be an active trader... which might not be the best idea after all....

Just think though, if you rush in and out, who is going to be your counterparty?  volatility all over the place.
legendary
Activity: 2338
Merit: 1035
How come they lost so much? Aren't they storing cold?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
no time to explain, i need everyone in china two jump up and down at the same time.
legendary
Activity: 2842
Merit: 1511
usd on polo, or usdt, is a tiny market. it's hardly even worth mentioning. it was about 4 million dollars equivalent over the last twenty four hours. you can't base much on that volume compared to other places.

I wonder if people know they aren't trading USD there but USD Tether?


This is bad for everyone involved in crypto. The disgusting part is that some people act amused. Sad

Cheerful would be my attitude, and what can be more important than maintaining cheerfulness in the midst of a gloomy task?
legendary
Activity: 2758
Merit: 1075
Not my night tonight

You didn't have funds at Bitfinex, right? Be happy mate. People lost everything.

Is the hack so bad really? Any details came out about it?
i hear 120k btc  Shocked Shocked Shocked Shocked Shocked ye bye finex if true...hope peeps have a gd lawyer,lol
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
full member
Activity: 242
Merit: 100
Extended Reality Advertising

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...

totally agree with you man... who leaves coin in an exchange after all these problems. Exchanges are made to be in --> out
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
I'm betting down to somewhere around 420$ USD in the short term.  I think she'll be vigorously defended there and then rise to ATH in a long and steep bull run.

How do ya like me now JJG Cheesy
hero member
Activity: 658
Merit: 503
Bear with me
Is the hack so bad really? Any details came out about it?

The loss from the hack stands at 119,756 bitcoin and they didn't use cold storage for bitcoin, instead each user had their own bitcoin wallet.
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