Interesting Kprawn. In my experience both adults and kids re too dumb to get their heads around bitcoin.
Don't underestimate kids. When you give them some space, most kids are pretty smart. |
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At the moment of the hack, it was a hot wallet. They brought their cold wallet online, to refill another hot wallet, so both were hot wallets at the time. The hacker was patiently waiting for them to do this, because he had already compromised their system, and just waiting for BTER to bring their cold wallet online for funding the hot wallet.
Not a cold wallet than. Could somebody make a "What is a cold wallet?"-YouTube-Video and send it to these exchanges? |
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Schlechte Nachrichten:
Das Finanzamt macht dem ganzen möglicherweise einen Strich durch die Rechnung. Die sind leider recht eng mit der Raiffeisen verbandelt.
Naja, man kann leider nur abwarten.
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com. buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard) Those are not consider giftcard then.. It is also why I buy giftcards from gyft two times and not purse.ipurse.io. How are these not gift cards? I talk about this things: http://www.amazon.com/Amazon-com-Black-Gift-Card-Box/dp/B008EN462I/ref=sr_1_1?s=gift-cards&ie=UTF8&qid=1424083244&sr=1-1What do you get at gyft? |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com. buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard) |
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However, if block size is increased, there's really no reason why most miners won't include as many transactions as possible, since it doesn't really cost them anything. Transactors will no longer be required to pay to have their transactions included in the blockchain, and eventually profit-seeking miners will leave. It costs mining pools nothing *now* to process transactions. And in fact they are not even required to fill blocks up with transactions, there are empty blocks produced all the time. Minimum fees can be set regardless of block size. I don't think, that is true. Looking at the last blocks, they all had transactions in them. Could you show me one of this recent 0 transaction blocks? |
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Just briefly glancing through here it seems like anywhere from 15-25% could be diagnosed as morbidly paranoid, with 5% of that as full bore schizophrenia.
Anyone having a bad day/week/month can get labelled with alsorts of disorders. The field of psychology isn't very advanced yet, the brain is highly complex. Sure, it is advanced. They developed so many meds, that will fuck up your brain chemistry or your hormons. Anything else just isn't that important. |
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So, did I get this right?
They had a computer, that was usually switched off and when they had to transfer funds, they switched it on, made the transaction and switched it off again. And they called THIS a cold wallet?
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Start an exchange -> get lots of customer deposit -> claim to be hacked -> profit
Bitcoin lost is not in any protection of law, only fiat money, if they could just return the fiat money to users, they will get away leagally
What do you mean by "not in any protection of law"? In the USA Bitcoin are property, so it is still property theft, isn't it? (not sure about other countries, not even my own ^^ ) |
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It depends on what exactly they call a "cold wallet"
If it was in any way connected to a network, it was just a "normal" hack
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any statement from Bter about that?
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How many Wall St workers are mentally ill?
How many Silicon Valley tech heads are mentally ill?
How many government bureaucrats are mentally ill?
How many psychologists are mentally ill?
Welcome to reality.
I for one don't recommend spending too much time on this or other political/economic/financial/conspiracy websites than is healthy. As with all things. Bitcoin, arising from the internet mainly, consists more so of internet-dwellers who are used to sharing and posting and linking on forums to their heart's desires. Other people in other spheres probably read books, study, talk with their friends, and maybe get drunk and move on with things. But internet-dwellers I think have difficulty functioning outside of the basement very well.
MUST WE TRUST A PAYMENT SYSTEM INHABITED AND OPERATED LARGELY BY THESE BASEMENT DWELLERS??!!
Would-be video game developers, network admins, tech support people. If these are the people largely participating with Bitcoin then the project will surely have problems. Financial education, policy education, sales, risk management, legal assessment ability. I can think of many competencies that this set of people would lack that would be required to operate a successful payments network. So I hope that Bitcoin is contributed to by more than just these types. I also hope that the bitcointalk forum is a poor representation of the participants involved.
It's 2015. Everyone is on the internet, not just "basement dweller". And btw. there is a black president in the white house. |
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oh man you guys are funny, women and men hold 70% similarities in all comparative categories by population, there are simply exceptional propensities at the elite level in math, linguistics, etc that we are exposed to by media daily... making us think that this is the norm. Exceptional people get air time.
it is sad that people get so easily discouraged when everything in their heart is telling them they're right.
Whenever I see such a number, I wonder where people get them. I am not saying you are wrong. I am just curious. |
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You think this is freaky... go to a BTC Meetup and see what is freaky. Everyone from NerdVana to VC's are crowding in to get the most attention.
You will also find the trolls... they the ones hiding in the corner and predicting the doom and gloom of the 51% attack and the demise of BTC based on the current price.
Then you get the groupies ..... they follow the keynote speaker around as if he/she is a rock star!
After the event, they gather here on the forum with ALL their new found wisdom and post brilliant new insight into the world of crypto currency.
You just have to love the Bitcoin World!
Austrian Bitcoin Meeting are fine. No trolls there. But I guess, that is just because, we are still in an early stage. |
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WHAT?  This makes no sense to me. Assume BTC was 10.000 and is now 300? what? If you buy an Xbox for 300 USD then you are down 300 If you buy an Xbox with 1BTC (worth 300 USD) and then buy 1BTC (at 300USD) then you are down 600. FUCKING IDIOT Let me spell it out for you. Suppose you want to buy an Xbox which is 300 USD. You have 300 USD in your bank account, and 5 BTC in your wallet. Scenario 1: you pay the Xbox with dollars. You now have: 1 Xbox, 0 USD, and 5 BTC. Scenario 2: you pay the Xbox with bitcoins, and you buy back the same amount of bitcoins (i.e. 300 USD worth) on an exchange right away. You now have: 1 Xbox, 0 USD, and 5 BTC. See the difference in the end result? Now, which scenario do you think will help Bitcoin grow more. Note that in either scenario, it doesn't matter how cheap or expensive you originally bought the bitcoins. It ONLY matters that you are now spending 300 USD worth of bitcoins (at today's rate) and buying back the exact same amount of bitcoins right away (which will cost you 300 USD, give or take 0.1% exchange fees maybe). Thank you. I thought my explanation was retard safe, but I underestimated the retard level of some people in here. |
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i heard a rumor that once you can buy louis vuitton handbags at the mall with a pink colored 1-click bitcoin wallet on an ipad that women will start to dominate bitcoin space and mass adoption will take off.
Stop stereotyping us, we never stereotype men as much, it's unfair for you guys to ALWAYS bring up either something pink or something LV. actually every group gets stereotyped quite a bit, its naive and just plain stupid to think otherwise. i have nothing inherently against women. its just that nearly every single one ive ever run across in my entire adult life is stupid. and not just kind of stupid, but all the way stupid. yet i know tens of smart men. there's nothing to stop me from meeting a smart woman tomorrow if she presented herself to me, but i'll wait for the day. until then, stop being offended so easily, it was just more of a playful joke. you can go ahead and make fun of my penis size now or whatever girls find funny on the counter balance  Well I'm not stupid, if you're only running across stupid women maybe the smart ones are running away from you? that is very unlikely. i have a girlfriend and im rich. because of that second part alone and i know how women think, i'll assume otherwise. then again, reasonable doubt has been raised. So, your girlfriend is stupid? |
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I don't think I'd want to place coins on a card like this. What would the benefit of this be instead of just converting the coins to fiat?
I don't think you would have to place your coins on the card. It's just another avenue to spend bitcoins. For instance you don't literally place fiat on your bank's debit card because it's connected to your bank account thereby giving you an additional way to access your bank account. What I am simply saying is, a Bitcoin Debit Card can be an additional and instant way to access your Bitcoin Wallet.  You have to put funds in there site to use the card. As far as I know, they have full control over it(no multisig) |
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WOW! That is insane, if true.
It's not talked much about, probably because national media in different European countries don't follow what happens in the EU. For example there is supposedly a European Union president, but does anyone even know his name? I don't. A large share of the European Union leadership have their political roots in former soviet satellite states with one party systems (the communist party). Craziness is expected to come from that. Sure, because the NSA is communist. |
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Thanks OP.
You made me laugh.
Your post is much better than all this "Bitcoin is dead"-posts.
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