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Very cool link. Love the comments for it. Especially seeing a TradeHill referral link, I swear some people may be into Bitcoin just to refer Tradehill lol.
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Has anyone done the math to know if he had enough cash of his own to cover the expense of what was stolen. I honestly have no clue any of the numbers.
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Yea everyone sell asap so i can buy at a cheap price and make a killing when everyone buys back in again!
kthxbye
This is my current mindset. I wish I had more cash to turn into coin atm :/ Market is fearful (but maybe everyone is quietly thinking/knowing that this is just one tiny news blip that offsets things, some people are definitely losing out, but the overall market and Bitcoin itself is good) |
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I think it would be very helpful if you published some kind of statement regarding your security planning and insurance regarding security attacks.
I am active in the Bitcoin forums and am trying to get some idea of the various exchanges that are in place and what security measures they have taken. I also feel the best way to increase trust is to include an insurance clause in your operations.
It would definitely help attract more customers if you could point to a robust security plan and insurance against losses from security attacks.https://www.tradehill.com/Support/Contact Trade Hill talk/info going on @ http://forum.bitcoin.org/index.php?topic=19537.0 |
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Tradehill guys should ban said accounts, no?
They browse the forums, but maybe not the Newbie side.
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I hate to say it, but the more I think about it, for Bitcoin overall this is going to be good. For traders this sucks, but for the people who want Bitcoin to be used to buy / sell, well then this is where all that stolen money is going to go I bet. Rather than try and cash the money out themselves, the people/person would just start buying goods / services though anyone who accepts BTC, and I have no doubt those people would love to see the BTC business, and thus it gets promoted more and etc.
Or not.
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More stats, this is neat!
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They have been around for a little bit, lots of users on the forums have accounts there with their referrals in the sigs.
Not sure why one wouldn't trust them over Gox, however I also am not sure why anyone should trust them instead of Gox as far as security (but I still need to read that big wall of text post the official guy made)
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how the hell do I know tradehill can't get hacked
You don't. There is risk with no insurance. Welcome to Bitcoin. |
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OP is unrealistic. Bitcoin not only is fine, but sadly a lot of people will be gaining from this event. The money these people gained is no good unless spent, so enjoy the extra cash flow spent into the community all you stores, both Silk Road'ish or ' legit'. |
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If anyone has an invite they are willing to just donate to me, please PM, thanks  |
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Mine took two days longer than what it initially said it would take.
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My Opinion here, although it is unfortunate for the owner of the account, in the real world money stolen it is money gone.
The "reverting" back the transactions and "re establishing" the price arbitrarily IS NOT ACCEPTABLE. What is it, a game?
That is why in the real world have insurances.
We should create an insurance mechanism in the case of hacked accounts, but reverting back transactions is not acceptable This is a game. All people are taking on all risks involved in this yet established currency (which I believe will stand against all these tests). I think we should all appreciate that Gox takes this responsibility on himself to be like 'holy shit, this is fucked up for so many people, I at the least have the power to change this one thing' and so he is. I'm seriously glad. But yeah, in the end, insurance and all that good stuff comes with so many third parties. I think banks are obviously out with Bitcoins, but something along the line of sects and trusted groups will start coming out I think (it may already be starting with/within Pools). |
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I dig the way this is being handled so far.
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I kind of like the markets getting fucked in the sense that it doesn't necessarily change the 'value' of what a Bitcoin is personally worth to people, unless of course they were determining that value based on one market anyways.
I don't like it if money is stolen of course, I would only hope with numbers being fucked with is all.
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Buy for long term, ignore the market until security is not an issue.
Otherwise, enjoy the ride if you are going for the buy high / sell short game
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Pretty damn amusing.
Now please stop.
(or not, God Bless multiple markets)
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