Bitstamp's announcement of setting up a duplicate site in San Francisco reminds me of Mt. Gox claiming their "new trading engine" would fix their problems. That was just an excuse for stalling.
I don't think that they going down yet. But they have serous problems. So let's hope the best! they will drag down Ripple and other sister companies related to them. the scandal will be huge if they don't pay  |
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Stashes of stolen funds are being moved to various addresses, tracking them will become harder. someone will cash out the funds and he will be VERY rich ) what is somehow funny is that other exchanger will fulfill the transaction. Stolen funds are processed without any problem. This is money laundering which is possible through Bitcoin. When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention. it cannot happen a such thing with a real bank account even the funds are stolen somehow, you can surely recover them in a very short time. They will need to use very smart techniques to cash out the funds but nothing too hard. If they are Bitstamp employees, they will be observed. really? how? they will exchange the funds to Altcoin or any other e-currency and done. they can start a new life on a tropical insland and 2-3 cheeky girls ) |
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They changed the temporary website design, that's something  I really hope they are not buying time  Nejc Kodrič @nejc_kodric 9h9 hours ago We are fully rebuilding our systems from the ground up so that customers can use @Bitstamp with full confidence and trust. ------- Nejc Kodrič @nejc_kodric 8h8 hours ago To clarify, we are still working to resume full services in the coming days. I don't have an exact time estimate to share yet. ------- My earlier tweet of 48 hours was a rough timeframe. We are testing our redeployed system internally before going live again to customers. ------- Nejc Kodrič @nejc_kodric 7h7 hours ago We will keep you posted on twitter and the website when we have a more exact ETA. -------- So, do they rebuilt the whole platform or do they only change the server? The first case is impossible. Nobody can make a platform in a week. The second case: how do they fix the bug so fast? 3-4 days is a very short time to discover and to fix a bug in a such platform. They have to discover,fix and change the server which must be configured. |
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Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.
In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents. In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time. In the case of stamp it will be their existing customers that will pay the piper Ok, so? Someone has to pay and in business it's always the customer. yes, the customers will pay the price for trusting the Bitstamp's platform. I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin. It will be MtGox 2 or reloaded(as you prefer) If they do open it will be to the worst bank run in the history of Bitcoin. they lost most of their clients trust. they will reopen to close. |
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They changed the temporary website design, that's something I really hope they are not buying time 5 Mil to cover. they should do it otherwise Ripple and other companies related with Bitstamp will go down. the scandal will be huge |
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Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.
In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents. In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time. In the case of stamp it will be their existing customers that will pay the piper Ok, so? Someone has to pay and in business it's always the customer. yes, the customers will pay the price for trusting the Bitstamp's platform. I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin. It will be MtGox 2 or reloaded(as you prefer) |
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Yesterday bitstamp announced they'll be back after 24h, today you hear they'll be back in 24-48h. There's a serious problem going on, next panic sell more likely to happen
the sells became since yesterday but the price didn't reflect that. very strange |
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how big is GAW? how much funds do they have?
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I think the thief will try to cash out some of the coin (small proportion) through Alt-coin exchange
That's why he/she split the coin.
would you not do the same? who will exchange 19K BTC at once? the hacker will sell parts. what is somehow funny is that other exchanger will fulfill the transaction. Stolen funds are processed without any question. This is money laundering which is possible through Bitcoin. When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention. |
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The overtly optimistc/blind will defend these guys til they burn down to the ground.
IMO, all these supposed 'hacks' of exchanges were nothing more than inside jobs. Gox, Cryptorush, Coinex, Mintpal, Bitstamp...the list goes on forever. This is stolen money..and the owners/scammers all just follow the same wordpress template during the situation:
*insert 'down for maintenance page'
*insert 'we have been attacked, please allow us time to address the issue' splash page message
*insert 'we assure your old funds are safe, please bear with us' update message
*insert 'we are terribly sorry but due to the losses we have to close up shop as we are insolvent' finality message, as you strung along users for over a month with enough time to flee your native country, change your legal name, and enjoy your millions you scammed from your own users
At least with Mintpal, they admitted it. But at the same time, after reading that whole fiasco, even that seems a bit shady because it's 2 owners deferring blame to a rogue member. And I have heard zero updated on the court proceedings that supposedly started 3 months ago (and nobody has even verified or attended it)...to which they even raised a good 5 digits worth of bitcoin charity for their supposed prosecution money.
Ridiculous lol.
I think the same. in this case(Bitstamp), hm...I am not sure what to say... What I am SURE is that all the big "players" are a gang. I include the chineses exchangers too. Bistamp is related with Ripple, Bitcoin Foundation and others. Their shareholders are shareholders for many other bitcoin companies. i think they will cover the loss because the scandal will be TOO BIG and it will involve all these companies and Bitcoin will crush. Bitfinex, Coinbase are related with Bitstamp. Bitstamp is processing their orders. They have no interest to comprise all these companies when they are making millions. So, they are a gang who is manipulating the market how they want and each of them are taking a piece of the cake named Bitcoin. a simple proof is these days. Bitstamp hacked, people in panic, a lot of sells and the Bitcoin price is raising |
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How to get rich with IOUs
1. Bob asks Alice for one trillion dollars.
2. Alice writes Bob an IOU for one trillion dollars.
3. Bob sells one trillion dollar IOU on the internet.
i wish it were that simple. you wish to be rich without too much work. All of us want the same. you won't give a fuck on BTC, LTC, MMA,bla bla if you would be rich. ) You won't care about any fucking centralized system or on any digital money or whatever all these are BS... ) all it matters are the money that you have in your BANK now. Imagine that you have many millions. would be on this forum? maybe to make fun in a short break while you are on a tropical island with 2-3 girls(not fatty ones) ))) |
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Any thoughts? I'll have about $1K US dollars pretty soon and am looking to put it towards btc in a meaning ful way. I love the game and want to actively be working with btc.
Lets say you purchased another limited supply commodity such as gold instead of btc. What would you do to "actively be working with your gold" ? You cant, or at least not in a way that is not extremely likely to generate losses. BTC is the investment, they are cheap now, just put them in a cold wallet. many of users from this forum will not agree with you when you say "BTC is the investment". they say "BTC is a currency" I can say that BTC is a very high risk investment, similar with a HYIP. More than that, you cannot be sure if you wake in the morning and your BTC wallet is not on zero because an Ukrainian or Russian hacker stole your funds. |
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no HYIP(ponzi) admits what it is until it is down |
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how big is this Gaw (ponzi scheme) ?
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how big is this Gaw/ponzi?
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Stashes of stolen funds are being moved to various addresses, tracking them will become harder. someone will cash out the funds and he will be VERY rich ) what is somehow funny is that other exchanger will fulfill the transaction. Stolen funds are processed without any problem. This is money laundering which is possible through Bitcoin. When a criminal activity(hacking in this case) generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention. it cannot happen a such thing with a real bank account even the funds are stolen somehow, you can surely recover them in a very short time. |
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here is another one...
the 9k coins were a deposit from someone planning to crash the price. they cleared in the account and the dump started, but they also got stolen
9k coins belong to Bitstamp. they wanted to crash the price. Price down, they earn a lot ) |
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