Topic: Yet another bitcoin website dies a preventable death (Read 1881 times)
It looks to be this site. https://bitcointalksearch.org/topic/--449010
Anyone else just go out and do a dry run of their DB backup?
Backups are all well and good, but you need to remember to test restores!
You are right of coarse, that is what I meant. When I do a dry run it is for the entire backup cycle. Testing bits of your backup procedures does not count (in my opinion).
Neil
Anyone else just go out and do a dry run of their DB backup?
Backups are all well and good, but you need to remember to test restores!
Satoshi gives us trust-less money that does not require banking. Then a million people take their bitcoin to the first thing that looks like a bank. 
This is something that I very much don't understand. One of the benefits of bitcoin is that you do not need to trust others to "hold" and keep safe your bitcoin as you can easily do this yourself. There is no third party necessary to trust your money with, but your money is secured by the network. Despite this there are so many people that entrust their hard earned money to others. legendary
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Reverse engineer from time to time
people ... take the train or walk.
Anyone else just go out and do a dry run of their DB backup?
Neil
Neil
How many fake losses can be written off as security mistakes...
people ... take the train or walk. 
Bitcoin the experiment was a complete success. This is the final proof we needed. The experiment showed that with dozens of examples of fraud to draw experience from the average individual should not be allowed to control his own money. We can all go home now.
Third party exchanges are definitely on the way out, there are just too many hacks and too much incompetence.
The future is going to be decentralized exchanges, exchanges built into clients and if you are going to operate a third part exchange, it will have to be open source and transparent as hell (coinport is attempting this now).
This has nothing to do with the topic. Believe it or not Adbit is an ad website, not an exchange. The future is going to be decentralized exchanges, exchanges built into clients and if you are going to operate a third part exchange, it will have to be open source and transparent as hell (coinport is attempting this now).
Satoshi gives us trust-less money that does not require banking. Then a million people take their bitcoin to the first thing that looks like a bank.
That's what I was thinking. It is so friggin' easy to just keep it in your own secured and backed up wallet that I wonder why people even need those third party websites. Do we need to create a class on the secure use of Bitcoin and make everybody who wants to use Bitcoin pass a test or something?
Satoshi gives us trust-less money that does not require banking. Then a million people take their bitcoin to the first thing that looks like a bank.
He's honest about it at least
Third party exchanges are definitely on the way out, there are just too many hacks and too much incompetence.
The future is going to be decentralized exchanges, exchanges built into clients and if you are going to operate a third part exchange, it will have to be open source and transparent as hell (coinport is attempting this now).
The future is going to be decentralized exchanges, exchanges built into clients and if you are going to operate a third part exchange, it will have to be open source and transparent as hell (coinport is attempting this now).
Thanks. I would have never found that myself
I agree with the OP this is a damn shame and I wish I new which site this was. I'm expecting we may find out soon enough. But with this type of thing I think the sooner the better, especially when it comes to peoples funds and the poor way the situation is being handled.
Damn piss poor way to do business if you ask me.
Oh man, they have a right to be panicking.
Strange that they say it happened last night but no ones been mentioning it here.
It means the operator put up a fake message saying something along the lines of "maintenance". Or a scheduled downtime.Strange that they say it happened last night but no ones been mentioning it here.
Damn piss poor way to do business if you ask me.
Pure incompetence here. You'd be surprised by how many "businessmen" either think they can just set up a server and try to save on the typical salary of a system administrator because "it'll take care of itself," or hire a system administrator and then never listen to him when he says that we ought to be making backups of everything and doing A, B, C and D to avoid a catastrophic failure. And then the system administrator is blamed when everything goes to pot. Which is why the system administrator should primarily communicate with his boss in a way that can be easily recorded for his reference so he has a case if there is any kind of dispute.
I feel bad for the people who are going to suffer from somebody else's bad decisions. Seems like people like that rarely have any kind of recourse other than an expensive lawsuit when things go wrong. Which is why I like the Australian system where anybody can sue anybody at any time, but the loser has to pay the winner's legal fees. Besides the obvious effect of cutting down on frivolous lawsuits, it helps people who can prove that they've lost out because of somebody else's poor decisions keep more of the cash in their pockets.
I feel bad for the people who are going to suffer from somebody else's bad decisions. Seems like people like that rarely have any kind of recourse other than an expensive lawsuit when things go wrong. Which is why I like the Australian system where anybody can sue anybody at any time, but the loser has to pay the winner's legal fees. Besides the obvious effect of cutting down on frivolous lawsuits, it helps people who can prove that they've lost out because of somebody else's poor decisions keep more of the cash in their pockets.
After I got Goxxed I vowed never to store any Bitcoin outside of my control again. I haven't regretted it. And I'm pretty much out of pity for anyone who doesn't do the same. It's happened too many times...
Damn, thousands of dollars in bitcoin and no recent backup? Why are website owners so careless of user's funds like that?
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