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141  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: http://ecrypto.net/ is down - No surprises on: January 02, 2015, 11:27:45 AM
How much did he make off with?

He claims it was only was only 11 BTC, but he also promised to pay everyone back 150% of what they lost, which he never did.

We only have his word on how much he made off with, and he lied about paying everyone back.


UPDATE!!

Explanation for loss of service and plans for recovery and repayment.

From the day Ecrypto started operating it was under attack. Many attempts to penetrate the servers occured and attempts to hack my personal accounts were constant. Unfortunatly on the morning of December 28 the attacker was successful in gaining entry to the wallet servers. Things were operating normally when I noticed the wallet balance had gone to -11 BTC. A few minutes later the wallet servers stopped responding completly, and access to them through the command line became impossible. Digital Ocean began to investigate the problem and after some time sent this response.

Greetings,

I appreciate your patience. After loading your droplet's into a recovery environment, it appears that someone has compromised both of your droplet's, and stolen your bitcoin from the `W2` droplet. This is confirmed from the `.bash_history` file, which the attack did not effectively remove. In an attempt to cover their tracks, they attempted to wipe out your droplets filesystem with `rm -rf /`, but mistakenly left the `/root` folder, which left some of the data for the blocks you had found.

On the `W1` droplet, it is not apparent if there were any *coin's transferred, as the .bash_history folder over there was effectively wiped out prior to the `rm -rf /` on that droplet.

For your reference, both droplets remain in the recovery environment right now, and have the drives mounted. I've taken a few screenshots of the console and pulled of the transfer of your 11 bitcoin on blockchain.info to confirm the theft:
http://screencast.com/t/Ba7Mvgh6md0
http://screencast.com/t/1eKtogngnw
https://blockchain.info/address/19Xn6GPjMoj8FMLMWg77Wq7PNiFSUsZxSV

Given the nature of bitcoin, this theft is effectively irreversible. Unfortunately, even if the data of your droplet's did remain intact, the theft would remain irreversible.

I would certainly be quite suspicious of this compromise, as if these bitcoin were just transferred last night, it would seem someone associated with you, or the other party, is well aware of your two mining droplets, or may have had access to the droplet's prior.

Unfortunately, there is truly nothing more that we are able to do for you at this point.

Regards,
Russell Mitchell | Support Team

There is noone with access to the account information hare so clearly this was a pure hack. I made great efforts to make the servers impossible to hack, however the hacker simply walked right in and stole everything. The coins they did not steal, they deleted. Since the attack I have just been sick to my stomach. Ecrypto has taken 6 months of 16 hour days to build, and anyone suggesting this was a theft by me is a complete fool. The total stolen was only 11 BTC which is not a huge amount. If the hacker had waited, they would have been able to steal a significant amount more, but it is obviously just an impatient child. I am currently reworking the entire setup, making significant changes that will make it impossible to penetrate. The wallet servers will have NO communications with the website server at all, and gaining access to them should be impossible. The weak point will be the weak passwords that Digital Ocean automatically generates for servers, but since the wallet server will have no connection with the website, even finding the server will be nearly impossible. I will also change the location of the wallet server at least once a week, and transfer the majority of BTC and LTC in the wallets into cold storage for additional security.

So the next question is, when will you get the coins you lost back? We have backup images of the wallet balances at the time of the attack. When the site comes back up, 100% of fees collected by the site will go to pay back lost coins. Not only will you receive the coins you lost, you will receive a 50% bonus. So for every 2 coins you had at the time of the attack - you will receive 3 coins as repayment.

Unfortunatly this is the best I can do for now. I personally suffered a large loss as well which makes it impossible to repay the lost coins faster than the plan.

When will the service resume operations? I am thinking a month or so. I need to make the servers bulletproof, and that will take time. If you feel the need to rant or call me names you can email ecryptox@gmail.com. Reasonable emails will be responded to ASAP.
142  Economy / Speculation / Re: I'm All In - Sold My House! on: January 02, 2015, 11:08:57 AM
Except a property will cost you money to maintain and taxes

Unless there are very select cases (that property situated in a disaster prone area e.g) , it is highly doubtful that the annual maintenance cost and taxes exceeds its value appreciation .Of course,I could be wrong as I don't really know the detail concerning the house in question.

The OP inherited the house from his father before he died, so his father might have lived in it for 50+ years. For all we know the house might be 100+ years old. When a house gets beyond a certain age it's often cheaper to knock it down and build a new one than fixing it.

If the OP had kept the house for another decade it might have only been fit for the wrecking ball.
143  Alternate cryptocurrencies / Altcoin Discussion / Re: Whats the most you have lost in one coin? on: January 02, 2015, 10:40:30 AM
the ones that lost the most aren't here anymore ...

remember syscoin ipo?
Auroracoin?
... and many others ...

ethereum will create some of the biggest losses i believe.

people have lost hundreds of millions if not billions in altcoins (and in bitcoin too)

I will be kicking myself if ethereum moons, but I was put off buying by the sheer amount of money people were throwing at it.
144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 02, 2015, 10:31:58 AM
The point is that whales in the top 500 addresses are buying low.

How do you know they're buying and not just transferring coins they already had from other (presumably smaller) wallets?

Occam's razor. It is a multi year trend.

Is there a way to tell what addresses in the top 500 belong to exchanges? I assume they must have some of the biggest wallets.
145  Alternate cryptocurrencies / Altcoin Discussion / Re: Whats the most you have lost in one coin? on: January 02, 2015, 12:59:08 AM
I've always turned profit by selling alts fast without ever buying them, just lately there isn't anything worth to mine ;(
It's a hot potato game. it's ridiculous to invest amounts you can't afford to lose, it's just a playground, don't take it seriously.

You must have paid for electricity and equipment to mine them though. That's similar to buying them, but it's nice to hear you turned a profit.
146  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin Is NOT Dead (It Is Just Dying A Slow Death) on: January 02, 2015, 12:55:59 AM
It is too early to tell where Litecoin is headed, wait till the first block halving occurs. We are still in the very early stages in this whole crypto game. Bitcoin is paving the way right now, a few alts will follow suit and I am sure Litecoin will be one of them. A few others will also be adopted, I am not sure which ones however. At this point that is impossible to predict, too many unknowns.


When is the the first block halving likely to happen?
147  Alternate cryptocurrencies / Altcoin Discussion / Re: Pos-Coin Resolution 2014 on: January 02, 2015, 12:34:25 AM
I hate to say it but most new year's resolutions are broken within a week. Especially the one about going on a diet.  Smiley
148  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Paycoin failed on: January 02, 2015, 12:32:43 AM
Paycoin did not fail.

Its turned out to be a very successful ponzi scheme. Maybe the best one we've seen in this space.

Gawd only knows how many million they raked in.

Today's volume alone is $431,707. That's almost half a million traded in one day!
149  Alternate cryptocurrencies / Altcoin Discussion / Re: Ybcoin (YBC)? on: January 02, 2015, 12:18:17 AM
You could try looking through the last posts of ybcoin through Google translate.

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.co.uk&sl=zh-CN&u=https://bitcointalk.org/index.php%3Faction%3Dprofile%3Bu%3D132491&usg=ALkJrhiTA5mF3Mbr-gZQedpgIS-FbzSysA
150  Alternate cryptocurrencies / Altcoin Discussion / Re: Ixcoin TODO on: January 01, 2015, 11:46:34 PM

I wonder where 2015 will bring cryptos. I think the creation of new coins will continue, achieving new levels of confusion and innovation, all mixed together, a sort of  virtual battle where the weakest coins will wither and die. iXcoin, as always, is on undefined territory.

I think only well established older coins and innovative coins will survive 2015. New coins without new features are unlikely to establish a big community and will probably quickly wither and die.

To be old is not synonymous of successful. It can help, but still I don't see why the age of a coin could make such a great difference. What surprises me it's this: Ixcoin is mined despite the reward is zero.

IMO well established older coins often built up big communities because there were less than 50 alts a year ago. Those communities help to keep coins successful. Now there are 500+ alts it's difficult for any new alt to build a big community.
151  Alternate cryptocurrencies / Altcoin Discussion / Re: Ixcoin TODO on: January 01, 2015, 11:15:42 PM

I wonder where 2015 will bring cryptos. I think the creation of new coins will continue, achieving new levels of confusion and innovation, all mixed together, a sort of  virtual battle where the weakest coins will wither and die. iXcoin, as always, is on undefined territory.

I think only well established older coins and innovative coins will survive 2015. New coins without new features are unlikely to establish a big community and will probably quickly wither and die.
152  Alternate cryptocurrencies / Altcoin Discussion / Re: Its time to sell your Paycoins on: January 01, 2015, 11:00:56 PM
If it's too good to be true.

It's gone below $8 now, and I doubt it's ever going above that price ever again. There's going to be a lot of people holding the bag.
153  Alternate cryptocurrencies / Altcoin Discussion / Re: Github and source code on: January 01, 2015, 10:50:28 PM
I don't know how it works, but this reddit post claims someone managed to get an upgrade from the 100MB limit to 200MB.

http://www.reddit.com/r/git/comments/1xdq54/github_alternative_for_large_files/

I have been using Github and loving it, but they have a 100mb hard limit on file size, and I need more than that. They were able to upgrade my account to allow a 200mb file.
154  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: http://ecrypto.net/ is down - No surprises on: January 01, 2015, 09:44:04 PM
Bump

I don't suppose anyone's got their money back yet?
155  Economy / Speculation / Re: Poll: What will be the high price of Bitcoin in 2015? on: January 01, 2015, 09:30:02 PM
@ArticMine

WTF is XBT?

I think it's another name for bitcoin, a bit like BTC.

http://www.coindesk.com/bitcoin-gaining-market-based-legitimacy-xbt/
156  Alternate cryptocurrencies / Altcoin Discussion / Re: Lets not create any more altcoin in 2015 on: January 01, 2015, 09:12:13 PM
2015 will be all about sidechains. It's an altcoin pump and dump killer. I suggest a boycott of all alts until then.

PS. there is already a coin called 2015 Roll Eyes

sidechains is bullshit and could easily turn bitcoin into a shitcoin.
I suggest the contrary: diversify in alts until then and wait it out about 6 to 10 months in case the experiment with bitcoin goes wrong. There is high probability sidechains create some serious trouble for bitcoin.

What kind of trouble?
157  Alternate cryptocurrencies / Altcoin Discussion / Re: Lets not create any more altcoin in 2015 on: January 01, 2015, 08:50:13 PM
2015 will be all about sidechains. It's an altcoin pump and dump killer. I suggest a boycott of all alts until then.

PS. there is already a coin called 2015 Roll Eyes

Excuse my ignorance, but sidechains?

The protocol has changed (or is changing?) to allow for two-way pegged scBTC. Basically the ability to move bitcoins across different blockchains and back again.

Is there a possibility we will be flooded by pump and dump sidechains soon?
158  Economy / Speculation / Re: Will Bitcoin reach 1K at the end of June 2015 ? on: January 01, 2015, 08:47:15 PM
It's a FACT that the majority in bitcointalk are dead wrong on price prediction polls. Just look at the ones posted in 2013, the majority was completely off the mark.

It is a good sign that most people here are not voting yes

In that case the minority who voted for ARRGHHH (19.7%) will be right.
159  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 01, 2015, 08:08:57 PM
Whats up with Bitstamp? Does anybody have information?

Someone else seemed to be having problems.

@ejinte

stamp seems to have trouble with avasts web-shield (specifically their https scan/middleman certificate).

turn it off for profit.

I don't have any web-shield.


And I still can't access.



Have you tried deleting your browser's cache?

Now it's working. So strange.
160  Alternate cryptocurrencies / Altcoin Discussion / Re: Lets not create any more altcoin in 2015 on: January 01, 2015, 08:07:02 PM
There will be new coins created as long as a greedy dev can make ten bucks out of it.
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