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621  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 12, 2012, 08:11:04 AM
I don't know the policy yet on positions.

About the ETA: the records here are immense. It took me 2 hours to do a handful of people. I calculated that it would take one person 10 days assuming they do 10 hour days - which you don't want to do because you make mistakes. 4 hours a day is the absolute maximum (with another person checking the info).

5% of people are verified so far.
622  Bitcoin / Bitcoin Discussion / Re: The BitcoinCard : Vienna, Austria Workshop on: June 12, 2012, 07:17:24 AM
This is the guy making it: http://news.bbc.co.uk/2/hi/6974216.stm

Also: I saw bitcoincard, and the device is legit. It has only minor kinks that are easy to work out.

I'll avoid posting more as they're quite sensitive to exposing their secrets right now, but the device is really cool. I'm hopeful for it.

First off:
- It's tiny. Credit card sized and < 1 mm thick
- Low cost (cheap device)
- Low power (runs off solar)
- Theoretically it should be secure, but I need to know more of their setup first to be sure their implementation is secure. I'm guessing there may be a couple of vectors they haven't thought of yet, but with proper help they should resolve this.

For merchants, it's trivial and safe to allow Bitcoin payments from these. They also look pretty nifty.

I can imagine one day, Intersango giving away a basket of these for free branded with our logo (or something). They are really cheap and simple devices.

I'm not questioning the tech tbh, but more whether people would prefer this over mobile phones (a social problem) despite improved security. Phones can do way more than this device so I'm not sure.
623  Bitcoin / Bitcoin Discussion / Re: Research on the Bitcoin community on: June 11, 2012, 06:29:25 AM
http://bitcoinmedia.com/catherine-flick-bitcoin-and-the-dual-use-dilemma/
624  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 10, 2012, 04:31:02 PM
This would also explain genjix statement:

Tihan denies being in charge, which means his parent company (Core Credit) has to authorise the payments. However Tihan is saying we don't need that.

Color me confused. What is going on and how does this benefit customers?

You should quote the entirety of my post:

It's pretty easy, Genjix, what are you working on today?  Right now.  What is Patrick working on?  What is Donald working on?  You are all hard working guys, and can't be just sitting around drinking coffee.  What exactly is it that you've spent the last four weeks doing?  Even if the answer isn't "writing cheques to repay you", just tell us.  It's not like you can be "incorrect" or "inaccurate" about what you're doing.

Until Saturday (or so), I was working on helping process the claims. Since then I've been working on libbitcoin and Electrum.

Now the thing is that for payments to be processed, we need legal authorisation from the person in charge. Tihan denies being in charge, which means his parent company (Core Credit) has to authorise the payments. However Tihan is saying we don't need that.

The problem is that Bitcoinica Consultancy only begun the process of being formed when the attack happened. The paper work was not completed and we weren't acting as GP. Tihan is asking us to finish completing the formation of Bitcoinica Consultancy first, while we are asking for legal authorisation to conduct payments on their behalf.

But I think the issue may be resolved now although I'm not sure of the specifics (I'm not a lawyer). Hopefully someone acting on proper legal representation can respond.

Anyway I'm going to avoid posting now, since the technical problems have been resolved, and the remaining things are legal. I've probably made a bunch of mistakes or inaccuracies above as I don't have a complete understanding of this and don't have a legal background.

Bitcoinica Consultancy registration was never completed. I for instance had not signed and my documents weren't notarised. Similar things for others. So there is no clear ownership here.

Tihan was asking for completion of the registration for Bitcoinica Consultancy, whereas Donald was asking for legal authorisation from Core Credit.

Tihan sent this email:

Quote
This is what I need from each of you today:

1) A sign of life that the claims processing has begun -- an announcement to that effect and/or actually paying people back

2) An email reply that you are acting as directors for the Bitcoinica LP general partner.

3) An email reply that you will supply the NZ Companies office with valid docs to reflect your director status at your earliest opportunity

I must consider anything less to be an abandonment of your legal obligations.

Donald, since you are the only one not in favor of moving forward, I will look for you to respond first.

Donald:

Quote
I've tried to contact Andrew Thornhill but haven't been able to. Do you have his contact? The question in my mind is if you had the authority to hand us the claims process and what that extends to- does it extend to actually making payments? I think your speculative judgements or opinions are worthless in this regard. You cannot say that we have the right to make them and that you are an advisor. We need to determine if we do have the right. It could potentially be a lengthy process but if you provide me with Andrew Thornhill's contact it can be resolved immediately.

Tihan:

Quote
I never had the authority to hand you the claims process. By my recommendation, that authority was handed to you by the legal owner (the investment fund) when you accepted responsibility as General Partners.

Quoting from the Bitcoinica limited partnership agreement...

"
4.1 Management
(a) The General Partner has exclusive responsibility for the management and control of the business and affairs of the Limited Partnership
...
4.2 Authority and Powers
Subject to and without prejudice to the generality of clause 4.1, in respect of the Business, the General Partner and its agents and delegates and their respective delegates have the full powers and the authority of the Limited Partnership and the power to bind the Limited Partnership without prior consulation with any of the Limited Partners
...

(And then this goes backwards and forwards with Donald asking for Andrew Thornhill's contact details, and Tihan saying we don't need them, as we are in charge. The issue being of course that Bitcoinica Consultancy is a non-existent/unformed company)

He also sent me an email asking me for the documents to complete the formation of Bitcoinica Consultancy, which is a bit weird as we're paying people back, and I don't have a spare day or two to go get my documents notarised.

Anyway I'm not sure who's right between Donald (being excessively "by the book") or Tihan (trying to limit his perceived involvement). But it does not matter who is legally in charge right now as the way forwards is clear and everyone is in agreement about what needs to be done. We will make the payments, we now have consolidated all the records and the money.
625  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 10, 2012, 02:00:18 PM
Matthew N Wright is not involved with Bitcoinica (from what I know). That's not to say him and Zhou Tong did not ever have friendly relations. It's common among Bitcoin people that we all speak and share ideas despite being 'competitors'. For instance I advise Andreas how to improve his Bitcoin client despite that I'm working on a different client. We all want Bitcoin to succeed, and better services = better community for all.

For instance I gave advice to Matthew about his magazine despite writing for BitcoinMedia. I think it's a cool project and want it to succeed.

Anyway I'd prefer to keep this thread on topic. Make a separate thread for periphery topics.
626  Bitcoin / Wallet software / Re: libbitcoin on: June 10, 2012, 02:31:06 AM
- serialisation has changed. more intuitive and uses native c++ features to support extendability for saving and loading of bitcoin messages.
- async_service now provides access to underlying io_service ptr which is now the requirement for services.
627  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 09, 2012, 09:45:05 PM
I don't like this witch-hunt for Zhou Tong. Please stop it. He is still young and it is unfair to be too harsh. When I was young, I also did many stupid and seemingly unforgivable things I wish I didn't do. Is it really worth ruining the life of a child as retribution? That's so petty.

As for the funds. It is being worked on. Of course we want everyone paid back, but it isn't so easy. Consider that we have run an exchange for nearly 2 years now which has been operating with the utmost honesty and respect, having never been compromised dealing with comparable levels of funds as Bitcoinica. Although we are conservative and cautious in our actions, we acted slowly and deliberately to be sure there were no further disastrous mistakes. The legality of the payments had to be sorted out and checked first, and proper systems had to be developed to enable staff to collaborate and corroborate records to the most accurate possible.

Just under 10% of claims have been verified, and I'm waiting on those payments to be made out soon.
628  Bitcoin / Bitcoin Discussion / Re: bitcoincard.org on: June 08, 2012, 09:34:01 PM
Also: I saw bitcoincard, and the device is legit. It has only minor kinks that are easy to work out.

I'll avoid posting more as they're quite sensitive to exposing their secrets right now, but the device is really cool. I'm hopeful for it.

First off:
- It's tiny. Credit card sized and < 1 mm thick
- Low cost (cheap device)
- Low power (runs off solar)
- Theoretically it should be secure, but I need to know more of their setup first to be sure their implementation is secure. I'm guessing there may be a couple of vectors they haven't thought of yet, but with proper help they should resolve this.

For merchants, it's trivial and safe to allow Bitcoin payments from these. They also look pretty nifty.

I can imagine one day, Intersango giving away a basket of these for free branded with our logo (or something). They are really cheap and simple devices.
629  Bitcoin / Bitcoin Discussion / Re: bitcoincard.org on: June 08, 2012, 09:29:04 PM
No, you cannot.  The followuup transactions are not 'valid' for a block until the transaction prior to it is in a block.  I don't even think that they can propogate past the first full node until the first one is in a block.

Really? An address can't be credited and debited in the same block?
Why not? I mean, why impose such limitation?

(I think we're getting off-topic... I'll open another topic about this)

This is false. It happens fairly often in fact that someone sends to an address and then debits in the same block. The only restriction is that the transactions have to be chronologically ordered in the block (due to the way bitcoin blocks are processed)
630  Bitcoin / Bitcoin Discussion / Re: The BitcoinCard : Vienna, Austria Workshop on: June 08, 2012, 12:51:54 PM
If anyone wants a place to stay, I have an extra bed and a sofa for people to crash on. Also lots of floor space.
631  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 07, 2012, 02:51:26 PM
Cool story bro,

So where are the refunds?

Hopefully they get done soon I think. One of the points outlined today by Tihan was:

"This is what I need from each of you today:

1) A sign of life that the claims processing has begun -- an announcement to that effect and/or actually paying people back

..."

So things are moving forwards now after the hiatus. Most people involved are in agreement on what needs to be done.
632  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 07, 2012, 02:04:39 PM
Bitcoinica was hacked cuz intersango e-mail account was hacked right?  How did you guys make this safe?

No. It was hacked because someone's personal email was compromised.
633  Bitcoin / Bitcoin Discussion / Re: [Password Leak] LinkedIn database hacked on: June 07, 2012, 02:04:07 PM
https://intersango.com/security.php

Intersango uses SHA512 + salt + site wide secret
634  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 07, 2012, 01:55:07 PM
This is the third time Bitcoinica has been compromised. Everyone knew there were security problems. That's why we were signed on to help secure it. Not only that, but the site was losing money because of the inefficient way it was being run. These were problems which were identified, and a plan drawn up to fix them. The plan did not get a chance to run beyond the bare beginning. Normally our policy for identified flaws in Intersango is to shut down the site until it's fixed. However I think with Bitcoinica, it wasn't our site to shut down (imagine bringing someone on and they shut down your site). But once Bitcoinica was compromised, we had it shut down, and it will stay shut down until people are paid. It will not go back online unless it is secure and in our total control. This is different to Bitomat or MtGox who were compromised and had identified flaws, but kept operating regardless. The situation here is complicated by the fact that Bitcoinica was undergoing a transition during this interval, and the specifics or leadership and technicals were still being agreed upon. It was during this time, that the keys were being slowly handed over and the documents were being signed (I only went to try and notarise my signature the day before the attack).
635  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 07, 2012, 01:09:51 PM
Some accounts like mine for example have not had any significant transactions for many weeks. What is the problem with verifying those? Do you have any backups at all, even if two month old?

There were no backups.
636  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 07, 2012, 01:07:55 PM
It's pretty easy, Genjix, what are you working on today?  Right now.  What is Patrick working on?  What is Donald working on?  You are all hard working guys, and can't be just sitting around drinking coffee.  What exactly is it that you've spent the last four weeks doing?  Even if the answer isn't "writing cheques to repay you", just tell us.  It's not like you can be "incorrect" or "inaccurate" about what you're doing.

Until Saturday (or so), I was working on helping process the claims. Since then I've been working on libbitcoin and Electrum.

Now the thing is that for payments to be processed, we need legal authorisation from the person in charge. Tihan denies being in charge, which means his parent company (Core Credit) has to authorise the payments. However Tihan is saying we don't need that.

The problem is that Bitcoinica Consultancy only begun the process of being formed when the attack happened. The paper work was not completed and we weren't acting as GP. Tihan is asking us to finish completing the formation of Bitcoinica Consultancy first, while we are asking for legal authorisation to conduct payments on their behalf.

But I think the issue may be resolved now although I'm not sure of the specifics (I'm not a lawyer). Hopefully someone acting on proper legal representation can respond.

Anyway I'm going to avoid posting now, since the technical problems have been resolved, and the remaining things are legal. I've probably made a bunch of mistakes or inaccuracies above as I don't have a complete understanding of this and don't have a legal background.
637  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 07, 2012, 10:48:53 AM
Zhoutong please tell Genjix (Or perhaps Genjix is reading this himself) to post _at least_ daily:

I know as much as Zhoutong really. I try not to post unless I'm sure what I'm saying is correct or meaningful.
638  Bitcoin / Wallet software / Re: libbitcoin on: June 06, 2012, 04:39:31 PM
Fixed for g++ 4.7

Related: http://gcc.gnu.org/ml/gcc-help/2012-02/msg00201.html
639  Bitcoin / Wallet software / Re: libbitcoin on: June 06, 2012, 02:14:53 PM
OK, seems like Ubuntu Quantal uses g++ 4.7 (release date is October) and many distributions are phasing in the new toolchain. I think it's because g++ 4.7 implements the vast majority of the new C++ standard so it's being fast tracked in.

I'm upgrading to a system with 4.7 so hopefully I should be get it working with the new compiler now.
640  Bitcoin / Bitcoin Discussion / Re: OpenSim integration and maybe an opportunity people doing online wallet services on: June 06, 2012, 02:09:33 AM
I met the OpenSim people and they didn't really care much for Bitcoin. Also: they are pro-copyright, and think that downloading media is stealing.
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