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it is working for me. try with other browser.
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And it's back up + they have covered all the loss on user sides just like i thought  it is not about back up. it is about that the hacker stole ALL the information stored on Bitstamp's server. well, maybe you don't care about your personal information(you should because it is about your life, money) but there are many others who do....  |
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They just changed the servers.
You are wrong. They changed their hot wallet to use multi-sig. Everyone withdrawing can see this and it has already been reported multiple times. The bug was/IS in their platform. It doesn't matter how many signatures they are using. Wow , you're dumb as a rock arent you? Always assume your platform is compromised. What matters is what data can be stolen....., meaningless data? Mutisig wallet would allow them using a third device to sign tx. You are smart, I admit that. Please do not read further. If you think that the users details(passports, user accounts, utility bills, addresses, bank accounts) are meaningless data, it ok. You are the smart one and you know better. Keep proving everyone that you're the dumbest of all here? What makes you think such data is stored online? Yes you can submit those data online, it does not mean they will be stored online once they're processed. You got dumber everytime you post dont you? Please try to learn a little bit about how the data bases are working. Your language shows that you have a "Bronx" school....but you still have to time to do it, grandpa.... Bitstamp has databases which are online. Each of their clients has an account which contains name, address, email, bank account, etc....so, everything MUST be online otherwise you won't be able to login. These data bases were compromised too, so all the Bitstamp's clients must be worried about their personal details. I am sure that you won't understand what i am saying, so I will give you some examples to learn from them. It is not a shame to do it. It is a "shame" to poses as a smart guy when you are not ... http://www.tomsguide.com/us/biggest-data-breaches,news-19083.htmlWhen a "financial" website is hacked, ALL the details are compromised. The hacker stole the Bitstamp' funds for now because this was his main target BUT he had access to ALL the Bitstamp databases. |
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Looks like I`ll be buying on coinbase until bitstamp gets recovered, and shit taken care of..
Coinbase is related with Bistamp. Bistamp is processing the Coinbase's transactions I always thought that coinbase is big enough to have their own large pool of bitcoin, not to rely on an exchange. I guess I`m wrong lol. As for the bitstamp comments, I personally think even though they been hacked, they should be able to come back from this. This is a bit different then the whole mt.gox nonsense back in 2013. When they were doing the so called phantom deposits, and manipulating the price. The price is manipulated anyway. The big exchangers are like a gang. Regarding to Bistamp...they didn't have so much Bitcoin as Mt Gox. |
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They just changed the servers.
You are wrong. They changed their hot wallet to use multi-sig. Everyone withdrawing can see this and it has already been reported multiple times. The bug was/IS in their platform. It doesn't matter how many signatures they are using. Wow , you're dumb as a rock arent you? Always assume your platform is compromised. What matters is what data can be stolen....., meaningless data? Mutisig wallet would allow them using a third device to sign tx. You are smart, I admit that. Please do not read further. If you think that the users details(passports, user accounts, utility bills, addresses, bank accounts) are meaningless data, it ok. You are the smart one and you know better. |
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Fiat cashout should not pose the biggest problem if you travel to the right country first. He could easyly meet buyers who wants to buy bitcoins anonymously for using in the deep webs or hiding assets.
The bigger challenge comes with the need to explain the money to the taxation authority which is certainly interested in where the money is coming from.
With no waterproof explaination for the thief, he would have to spend it without drawing attention which is susceptible to fail some day.
it is so simple to cash out and then to deposit these money without any question from anybody. you just have to think that Bitcoin allows the money laundering and nothing more. |
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They just changed the servers.
You are wrong. They changed their hot wallet to use multi-sig. Everyone withdrawing can see this and it has already been reported multiple times. The bug was/IS in their platform. It doesn't matter how many signatures they are using. |
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Bitstamp not processed my withdrawal within 3 hours and 30 minutes!
i am still waiting ...
it is weekend |
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almost 7 fking years later, people still get their money stolen, this bitcoin has one huge flaw, nobody understands how to secure this shit, satoshi is a failure
The flaw appears to be your understanding of Bitcoin. This is not a bitcoin issue. No the flaw is that its too damn complicated for the average person to secure their bitcoins properly, people are scared to get their bitcoins hacked because many are being hacked so easily. Even fcking exchanges get hacked, what do you expect for users? i think the average person needs a crash course on bitcoin security, heck i think at this point a bitcoin for dummies would be a good move. Bitcoin is not made for "normal people" . The normal people will never use Bitcoin just because it's too hard to understand and you have no guarantees for your funds. Now, you can have the funds, next day not (see Bistamp) . Bistamp are not "normal people". they were one of the biggest exchangers and they just lost 5 MIL . hahahah |
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48K lost How can someone keep a password which is related to 48K in an email address? Pffff !!!! |
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The Bitcoin they have, it is not the Bitstamp's asset. The funds belongs to their clients.
There will be massive withdrawals. You have to be crazy to keep your funds in Bistamp at least for a while(2-3 months). Why? I am pretty sure they did not fix any bug. They just changed the servers. Smiley
It is impossible(and this can be certified by any programmer) to identify a hack in a financial platform in 3-4 days, to fix it and then to setup a new server and so on..
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It is good news that Bitstamp recover the operation again, but they still need to do audit again to show they have 100% reserve for the users' fund. It is very likely a mtgox 2.0 if they cannot provide enough evidence they have equity to cover the loss.
The Bitcoin they have, it is not the Bitstamp's asset. The funds belongs to their clients. There will be massive withdrawals (price is going down already). You have to be crazy to keep your funds in Bistamp at least for a while(2-3 months). Why? I am pretty sure they did not fix any bug. They just changed the servers. It is impossible(and this can be certified by any programmer) to identify a hack in a financial platform in 3-4 days, to fix it and then to setup a new server and so on.. |
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Looks like I`ll be buying on coinbase until bitstamp gets recovered, and shit taken care of..
Coinbase is related with Bistamp. Bistamp is processing the Coinbase's transactions |
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After the recent reports from Bitstamp, I'm becoming increasingly worried with storing my coins on any site now. Who's to say Cryptsy or Bitfinex is next. This led me to contact Bitfinex and ask them what they would do in case of a security breach (hacking) and if they would reimburse my coins. After days of waiting, I've received no response so I've decide to come and post a topic. What do you guys think? Is Bitfinex reliable or should I pack up now and leave?
what question you may expect at such quetion? what will you reply to it? Bitfinex is...without name. you don't know too many about their company, director.. |
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many people forget that Bitstamp "reserve" it's the client's Bitcoin.
Pretty much this. People forget customer's money is NOT a Bitstamp asset. They have to cover up the losses from their income, which is based on trading fees. I may add...and not only on trading fees. You cannot make millions from 0.03%. This is like free so they have other source of making money from this biz; maybe the price difference... Fees are from 0.4 to 1% at bitstamp (buyer and seller pay from 0.2-0.5%), they generate majority of the profits, check volume and you will see, so they can cover loss with that. let's not forget that they reported a profit of about 800k USD in 2013.... even we double it because Bitstamp may report fake numbers in order to avoid possible taxes....it's 2 mil USD per year net profit roughly. we can say they need 2 years to recover the loss (IF they will have the same amount of clients; clients who will run away ones the Bitstamp will open the withdrawals). in the mean time, they have to open their pockets and hoping that everything will be as in 2014.... very hard to believe that, |
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Well, there are the possible outcomes. What do you think?
You forgot: "I don't know." Personally I really don't know. But I hope the best. If Bitstamp would be gone, then all big Western Exchanges would have disappeared. With the exception perhaps of BTC-e. What an irony. it will remain Bitfinex too |
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All the chinesse exchangers are making a lot of fake transactions. When I am saying fake, it means 1:10.
if they report 1000 transactions that means 100.
To be honest. We don't know. But if that were true what you say, then Bitcoin would strongly overvalued at the moment. I do not pay over 200$ for an mostly fake traded asset. How crazy is this? But probably you are right and maybe all is fake in China. Maybe there are only living a few people and the Chinese wall is only a few meters long. Do you have ever seen a Chinese bubble? https://www.youtube.com/watch?v=V3XfpYxHKCoBitcoin is a thousand times smaller. This is only a bubble of many. I don't believe that the exchanges in China need to fake anything. But to be honest: I don't know and it is a useless discussion. In the Western world there are not many exchange driven transactions left. And to be honest again: I'm sure. it's not me who is saying that the chinesse exchangers are faking the data but the Bitcoin's propaganda, Coindesk. http://www.coindesk.com/reality-chinese-trading-volumes/Yes, the Bitcoin price is manipulated. is this the first time when you are reading about that? |
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If bitcoin price goes down, they will easily recover the loss in a couple of months, however if the price keeps going up, then they would need to operate in fractional reserve mode for a very long time
Assuming they have a large fiat amount stashed somewhere to buy cheap coins and people are willing to sell really low? Maybe....but unlikely. I still ask why they can't verify how much bitcoin's they have in their possession. The signed message should not take more than a few minutes to generate for the wallet/addresses they own. No excuse. Worst case is that the hack was far larger than they thought or they are busy preparing to run away like Mtgox did. Another speculation is that the venture capital left the table with the money and now they are in a liquidity crisis Enter shutdown since they don't want to operate for free even though its their fault for not having sufficient security precautions. they had around of 40 MIL USD in their bank account. if the " the venture capital " left the table, they did it with their 10 MIL invested and maybe a little profit. the money from their bank is all it counts. call their bank, ask your money bank. you won't be able to take them from an empty account. |
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in short, 5 Millions USD are not easy to be covered from fees.
You need millions of transactions in one year just to cover .
How many transactions does have an exchanger like Bitsmap per day?
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