The day something like this is done, while the intentions may be noble, is the day Bitcoin dies.
I used to think this as well, but I was reminded by someone that all this will cause is a fork in the chain. The Bitcoin purists will continue along just fine. In fact, I will speculate that if such a fork does occur, soon the forked coins will be worthless and the forkers will be coming back to the original block chain in time. Ha! Forkers! |
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One of the addresses to which some of my stolen btc went belongs to them.
How many? |
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A second question, have people confirmed the theft, or are people just trusting the story of an anonymous internet Identity? I havent been reading the enormous thread, so I am a bit lost on the outcome.
I haven't seen any proof that would allow me to draw a solid conclusion. |
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Not really. Bitcoins are technically already backed by Gold. You can buy Gold with it. Ahaha.
Question is when shit hits the fan which would you rather hold, bitcoins or gold? So you know of an online store where you can buy gold coins with bitcons? Shit hits the fan? How much shit? Anyway. Beans. Bullets. Bullion. Bitcoins. I think Bitcoins could survive teotwawki better than most currencies. As long as there is still an internet that is. Plus they are highly portable! |
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Well in this case it's pretty obvious that it is fradulent and the money should not have been sent, and it could be a one time thing since it is 0.3% of all the currency.
If the computer was owned by a company how are you determining that this was not a legitimate transaction initiated by the IT department? This guy effectively gave all his bitcoins to his company (by putting them on a work computer) and is mad that someone else within the company accessed company resources. This was a misunderstanding. It was his home (work) computer. |
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Well in this case it's pretty obvious that it is fradulent and the money should not have been sent, and it could be a one time thing since it is 0.3% of all the currency.
Could you please provide me with the proof that it's fraudulent? |
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True, never going to happen..but one can argue that this would be like stealing marked bill from a bank. If the police eventually find the criminals and they trace the money to them what you're saying is that it should not be returned to the rightful owner? Is there any morality or legal justice to dealing with bitcoins or should we just treat it as the financial equivalent of the wild west? I see that a lot of you come from a libertarian/anarchistic world view, so I am thinking that in your opinions the only thing that would be just would be the application of vigilante justice, no? Would you all be ok with me stealing them back?
If the police find the criminal(s) it is up to the criminal(s) to reimburse you, not the entire Bitcoin user base. |
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So you want to (a) freeze the coins and (b) create a new block reward to replace them? You'll need 100% of the miners or (a) won't happen and (b) will fork the chain.
You could make it happen 6 months from now so everyone would have updated versions by then. Hypothetically, I mean, I said I'm not necessarily behind this but just presenting it as an idea, maybe as a special exemption since it is 0.3% of the entire economy stolen. This is simply not going to happen. If someone wants to transfer 25,000 coins, they can either do it themselves or pay a 1000 coin transfer fee and most miners will gladly process the transaction. And if you start creating new block rewards for anyone who allegedly loses their coins, you will have a fork, because I know there are miners who won't stand for such silliness. |
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So you want to (a) freeze the coins and (b) create a new block reward to replace them? You'll need 100% of the miners or (a) won't happen and (b) will fork the chain.
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I was referring the bitcoin client where your wallet is stored. If I were to transfer say... 0.01 to my buddy, it says there is a fee involved for keeping the nodes up and happy.
Who gets this fee?
The people who process and secure transactions. The miners. The one who finds the next block gets the current block reward plus the fees for the transactions he includes in the block. |
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The longest chain is the most difficult chain.
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Ok, let me clear things up. The machine is my home machine but at the time I made that post I was running some trading applications and I had some live trades going. I needed to keep an eye on them. So I guess you can refer to it as "work at home" machine..or something like that.
I assumed as it was something like that. I was just pointing out where the confusion came from. Apparently the article, which I haven't read, suggested it was a work computer. |
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That pie chart looks ancient!  Other is just the solo miners. The pooled miners work for the single client that belongs to the pool operator. |
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That has to be the lamest trojan I've ever seen! If it netted this guy half a million dollars, well damn.
The first very small step towards security I took was change the default place where the wallet.dat was stored...
Apparently I wouldn't have to worry anyway, as I don't use any of those operating systems!
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The story seems to lack credibility, but never let truth ruin a good story.
What I found most interesting is how anyone in their right mind will store 25K BTC on a work computer.
NOT work computer. HOME computer. The problem is that I can't shut the machine as this is my work machine.
Maybe both then? |
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I like it when he gets so excited he can't speak properly.  And I thought I liked Bitcoins! |
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Let's say it is discovered that this wallet contains stolen bitcoins from several forum users. How could they retrieve the coins? Is it ethical to put a freeze on the coins at exchanges, if this were possible?
Perhaps the best course of action would be to try to steal the wallet back, vigilante style, then return the coins to their rightful owners according to the block chain. Less some bounty of course.
If you don't want regulation in a currency don't expect to be able to do anything about it when something you don't like happens. It's bad it does but whining about it when it's a central, built in part of the currency is just fucking pathetic. You have a nifty ability of reading stuff that isn't there. I don't see him say he does or does not want regulation (at least in this post). I don't see him whine about anything (again, in this particular post). He asks a few questions and suggests a possible solution to theft. Are you off your meds? |
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You should have used your brain before trying to reply smirky.
Total send doesnt equate to total available.
I can send 1BTC a million times(if there were no delay of course) in a day and it would show 1million BTC transfered.
I just pointed out a fact that huge amounts of coins where moved in last 24hrs. and the reason i think we see this movement because everyone trying to safely secure their bitcoins. where did you get an idea that i was clueless how it could be that we have 6 mil and moved 7 mil ?! follow your own advise for starters I'd wager that his post was directed at the one directly above it, not yours. |
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Perhaps, or most likely you have nothing of value that anyone wants to steal in the first place. If you had a 25,000 bitcoin account it would be a different story. I would guess allanvain would gladly place his bitcoins in a bank to protect them for a fee if there were such a thing.
You're right of course. I don't possess anything worth stealing. It makes life quite easy. On the other hand, if I had 25,000 Bitcoins I would create a wallet on a device that has never been connected, and will never be connected, to the internet, and then I would encrypt it, and then I would make several back ups. I guess I could pay a bank, but when it's so easy, why bother. Netbooks are $300 bucks. That's what, 15 BTC at the current exchange rate? Cheap bank if you ask me. |
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The only thing that will deter thievery is law and punishment, and since by its very nature bitcoin has no central authority to enforce law and deal punishment, there will always be massive thievery, this is on the tip of iceberg.
Yeah, law and punishment certainly stops thieves in the current system. I think it's been almost 16 years now since anyone has stolen a single federal reserve note! Besides, the fact that the Bitcoin network is decentralized does not mean that laws regarding theft of property do not apply. Gimme a break. The only thing that will deter thievery is security. Make yourself less of a target than someone else. |
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