I think she's just incredibly naive. I suspect she has no idea the can of worms she has opened with this about Nakamoto.
That's why I just tweeted this to her, verbatim: @truth_eater Leah: you clearly don't realize the future ramifications of what he has built. And why his anonymity matters so much. #bitcoin |
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Did they get permission to reveal personal information??? Why...Dorian..
His family doesn't like him and they need money Bad. They find out he has millions of dollars. Instantly they're offended, probably angry. Brother calls him an asshole. Idiot journalist shows up with $$$$$ in hand and they spilled the beans. Thats how permission was given to reveal his personal information. Family members. Moral of the story - i guess - dont piss off your brother. -B- |
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Did you learn nothing from those who tried to play the system and therefore had to keep their coins on an exchange?
How quickly the lessons learned are forgotten.
-B-
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TCP/IP will never go mainstream. It is just a prototype. The idea that a protocol that was state of the art in the 1970s will be used by billions of people in the 2010s is just stupid. By 1979 the internet hadn't become mainstream so obviously it was never going to happen. Something more efficient than the internet will come along and we will use that instead.
So you want to go that road huh? Compare Bitcoin to any other successfull sites since the year 200. I could name Facebook, Myspace, Twitter, Spotify, the list goes on etc etc and want to know what all those sites have in common? They became successfull within a very short time and Mainstream. Bitcoin is supposed to be this new, next generation, of money handling, but has is a very long way off being adopted by the general public, who aren't programmers and tech guys. It's simply never going to get any higher in terms of popularity, too many flaws. Bitcoin isn't a website, it is a protocol. Facebook, myspace, and twitter are still running on the flawed and ancient protocol that was around at the start of the internet. The internet circa 1969  The internet circa 1977  That is right it took almost a decade to build it out to just a couple dozen nodes. The internet circa 2000  DeathandTaxes already completely owned this thread. -B- |
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Don't worry, someone from the Anti-Bitcoin Cult will ruin it and call it a publicity stunt.
-B-
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+1. Great idea.
But will someone carry this through, and make it a network-wide thing? Do you have the stamina and the resources to make it happen?
Possible suggestion: Require insurance service of some sort. Elliptic. Lloyds of London is very forward thinking with Bitcoin.
-B-
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FlexCoin was using 2 Factor authentication and it still got hacked!!!! Doesn't that scare you? No. If you have been paying much attention, you would know that 2 FA has never been fool proof. People have still had coins taken. 2 factor authentication only stops people from logging in as you. It doesn't mean the back end is secure (im not a developer or security guy so I may have worded that wrong). Once again, this isn't new news. 2 FA is something everyone should have enabled as a basic precaution. But nobody has ever claimed it was perfect. The message is don't leave your coins online. Period. Until Bitcoins security infrastructure and best practices have been improved enough to provide reliable security. You are the one who controls your coins. Stay in control of your private key. Period. You haven't discovered anything new. Sorry. -B- |
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About 370 total although it could be slightly higher because I can't remember the exact balance I had at Bitcoinica. It's really more like 320 because BTCe gave me back the 49 and change I lost during their hack.
You must be an early adopter with a lot of overall coins because losing 370 coins is huge ...  -B- |
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Filled it out.
And don't be weird and say "Feel much better about Bitcoin" after the Gox thing.
Be normal and say "Nothing has changed".
Just my two cents.
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More importantly, without regulation, how will average consumers know what company is safe to store their coins with?
The same way they know that a particular bitcoin wallet is safe to store their coins with. Transparency and review by the public. Furthermore, unless the deposits are insured by a major global underwriter, they should NEVER be considered "safe to store your coins with". Hmm. As there are more, and more, and more (into the hundreds) of companies providing services, this method isn't going to work. I doubt there will be a clear, public concensus of reputation for every single startup, that is going to ensure people's money with them. -B- |
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Yes. How will a person be tied to a Gox address?
My thought is the only way to do this accurately, would be if you had the public cooperation of Mark and the company itself. (access to the customer database).
Which apparently got leaked anyway lol.. ugh.
Otherwise ....
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Blockchain.info has acquired RTBTC. Live now on Bloomberg-TV.
Yawn. |
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The reason we have to wonder if it "really was hacked" ?
Because nobody goes to prison if they get caught stealing.
I dont want Bitcoin regulated, but there needs to be strict laws in place harshly punishing ANYONE who starts a bitcoin service and is suspected of theft.
It blows me away that CEO of Flexcoin just releases a nonchalant note to the public, then goes on with his day.
He should be in cuffs right now, pending investigation, like everyone else.
At the very least, harsh punishment for failing to secure his customers funds. Its his problem. His fault.
You cant say "We offered cold storage for an extra fee. If you didn't select it, oh well!"
This is why it keeps happening. Nobody has been punished yet.
-B-
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So what happens to the CEO of Flexcoin now?
Nothing? He writes a press release then goes on with his day?
I assume law enforcement will be arresting him soon and putting him on trial to answer for his actions, right?
Just like any other company on earth?
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How will regulation prevent hacking thefts? Laws for storage. Requirements for security measures to be met. Requirements for a security team *at all*. Strict punishment if a company like Flexcoin "accidentally" loses millions of dollars and thnks they can just say "Oh well!" in a press release (unreal). Such punishments will discourage a lazy attitude or risk taking on the part of the company. There are a lot of ways that regulation can be allowed, without Bitcoin itself being affected at all. I think? (thats why im asking in the first post) They make rules for businesses that pollute the air, too. So that public health cancer rates don't skyrocket. Is all regulation bad? |
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It's your choice to exchange BTC to cash or other currency, u can gain more money or lose. Risk for sure can give u profit.
This doesn't address my post at all. -B- |
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Is it possible to regulate third party services like the companies these amateurs keep starting, and screwing up... without "regulating Bitcoin" in the process? Are they two different things? If you don't know what the f*ck you're doing, stop creating businesses that put people's money at risk. Seriously. Im talking to you Flexcoin: http://www.theguardian.com/technology/2014/mar/04/bitcoin-bank-flexcoin-closes-after-hack-attackWe don't need this right now. So you charge extra fee for people to store their coins the *only* safe way? What kind of company policy is that? Its your job to secure their funds dummies. Its your cost. I personally *do* feel that companies like this should be brought to trial and put in jail. "Throwing their hands up" as a result of millions of dollars lost is nonsense. There needs to be strict punishments for this. More importantly, without regulation, how will average consumers know what company is safe to store their coins with? There's *just* as much possibility that its being created with the intent to scam, as there is that its being run by a bunch of amateurs. Can we regulate 3rd party services without regulating Bitcoin? -B- |
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Price is irrelevant.
The only thing that matters is adoption rate and infrastructure growth.
Speculation is nice, but its why there is volatility.
Every day that goes by however, a substantial foundation is being built into $300, $400, $500 ....
I dare say our "actual price" is $450. Where we bottomed out this time around. Maybe that is Bitcoin's true value as per its current level of adoption around the world.
Good news.
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I would recommend that you literally copy and paste this message and send it to Andreas Antonopoulos.
He has been consulting with people in many countries overseas about how they can begin to incorporate Bitcoin into their specific cultures, with all the limitations and risks. I truly believe he will have something to offer to the conversation that will be worth its weight in gold. I will PM you his email address.
-B-
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Great article. Great insight into Mark Karpeles personality and strange behaviors...
-B-
What's frightening is that it's not uncommon. Operating a successful business involves doing a hell of a lot of tedious shit, more and more of it as the business gets bigger. You can't just ignore that shit and you can only delegate so much of it to other people but the more you play the "successful entrepreneur" game the less likely it is that people will call you on your bullshit - or the more likely it is that you'll dismiss any criticism because you think you're smarter than everyone else. A lot of people get hooked on "being a CEO" and all the trappings, which isn't the same thing as being a successful business person. I feel bad saying this but all signs point to him being a Sociopath. http://www.mcafee.cc/Bin/sb.htmlPlain and simple. -B- |
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