I'm a bit lost, did any customers lose money?   If so how is it being handled?


[edit]

ohhhh, I got it, no customer's lost money but someone got "in" and 'acted' like there were funds where there were no funds.

glad there was no real funds lost.


[double edit]

We will enable withdrawals in April 2015.

It's sad to say goodbye to all crypto-community. We need to take a few months break. But we will back stronger and more experienced than ever before.

2015-03-24 19:45 UTC

Our hot wallets was drained, coins: bitcoin, litecoin, urocoin, dogecoin, bitcoinscrypt, magi, darkcoin, dogecoindark, cannabis

All coins that we have, will be returned to users. Coins stolen - in correspondingly smaller quantities.

We had wallets in the ratio 60%/40% (hot/cold).

withdrawals made by hacker:

address                                 amount          coin          ip                date
LN6Y9Etr5B1p6A7DdkUGUef9U4tV1NajYa    500             litecoin      46.98.75.23    2015-03-24 09:00:22.886758
LN6Y9Etr5B1p6A7DdkUGUef9U4tV1NajYa    24.99746504     litecoin      46.98.75.23    2015-03-24 08:28:21.178608
1HF3WND3pG9VEW6Kt7Qj33LoCqVbFpHp2n    0.1             bitcoin       46.98.75.23    2015-03-24 08:20:04.507378
LN6Y9Etr5B1p6A7DdkUGUef9U4tV1NajYa    7.94331864      litecoin      46.98.75.23    2015-03-24 08:06:02.539477
Um2fYEPJ9uVnC31bxaFWBD7PmrzhgUNE2D    16.89396348     urocoin       46.98.75.23    2015-03-24 08:04:50.16697
DHXBCX6qsayWYdTw9DygE5pmBfaQG9TxUk    36661.31739499  dogecoin      46.98.78.245    2015-03-24 07:16:00.387179
1NuEdUhdwVsuFg2noqpNjcpBamEJMYXHUv    2999.99943972   bitcoinscrypt 46.98.78.245    2015-03-24 07:02:02.404771
DHXBCX6qsayWYdTw9DygE5pmBfaQG9TxUk    32265.60946069  dogecoin      46.98.78.245    2015-03-24 05:40:55.727633
99grxHJ2cMAZpbtqbNaTbcpnNjxQ2XoGs8    14996.31229316  magi          46.98.78.245    2015-03-24 05:33:57.490186
Xe6duo43m3xWb2Hw3CFVo3EJJ56m29L5kg    15.44527325     darkcoin      46.98.78.245    2015-03-24 05:25:27.019065
D5AuHhndAvFARTJ9MJ8qJkJgC1iHGNVy42    219999.99997229 dogecoindark  46.98.78.245    2015-03-24 05:24:15.654911
CbtR69smzynN1MfTZXmWje9Ay8VgeWgfxz    2156.27062232   cannabis      46.98.78.245    2015-03-24 05:21:52.423902
1NuEdUhdwVsuFg2noqpNjcpBamEJMYXHUv    8459.64676958   bitcoinscrypt 46.98.78.245    2015-03-24 05:19:37.350262
DHXBCX6qsayWYdTw9DygE5pmBfaQG9TxUk    265334.39030659 dogecoin      46.98.78.245    2015-03-24 05:10:24.015617
LN6Y9Etr5B1p6A7DdkUGUef9U4tV1NajYa    2.16209537      litecoin      46.98.33.104    2015-03-24 04:34:30.514059
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    0.5             bitcoin       46.98.33.104    2015-03-24 04:31:50.770491
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    0.5             bitcoin       46.98.33.104    2015-03-24 04:28:40.170138
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    1               bitcoin       46.98.33.104    2015-03-24 04:27:57.658323
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    1               bitcoin       46.98.33.104    2015-03-24 04:23:13.164357
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    1               bitcoin       46.98.33.104    2015-03-24 04:21:27.592489
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    1               bitcoin       46.98.33.104    2015-03-24 04:18:45.405848
1Dwoam5EXn6g1NuAK8moEd5cpDvUFcqvPi    0.5             bitcoin       46.98.33.104    2015-03-24 04:16:58.138757
DGbs2YfkN5n5sALDdZmSRpdPa5mVtW5HQX    6               dogecoin      46.98.33.104    2015-03-24 03:29:29.110043
Registered to e-mail addresses: bitcoin4@10110.pp.ua, bitcoin3@10110.pp.ua, bitcoin@10110.pp.ua

simple, Gox was the major force in the early beginnings that made BTCs rate fly through the roof, so from $10 to $1000 was mainly gox.   And on the other side of things, the downward performance of btc in 2014 was mainly gox.   2015 is the first real time gox is not a major part of the direction of btc

The part I highlighted was spot on!

Localbitcoins 2.0, love it.

I hope they are licensed

call CSI Cyber crimes division, they will have this solved in less than an hour. [smile]

Saying you take Bitpay is not really the same as saying you take bitcoin.  

The credit goes to Bitpay for getting a new account not to Titanium Comics for accepting bitcoin, because they don't accept it without the processor.  What they accept is fiat, fiat that they receive after the processor turns the btc into fiat that they accept.




As for this:

I think it does. 

The point of bitpay is to get a specific value for your merchandise not higher or lower value. 

Techstars reminds me of Shark Tank, venture capitalist with a twist.    Techstars should be a PICISI sponsor.

I wish all those accepted into the program well, and for everyone not accepted to come on over to PICISI to get funding -- well when PICISI is open (in less than a month).

You must first define the word "money" so we could debate if bitcoin is money or not.

I think bitcoin is money.  It is both a commodity and a currency, the distinction come with usage.  When you buy and sell it on an exchange it is a commodity, however when you used it to buy or sell something else, that is where it is a means of exchange (of that "something else") as such is a currency.

To the extent that BTC is used more as a commodity than a currency it is a low store of value, to the extent that it is not directly tied to any govt, company, or entity it has low store of value, and to the extent that it is associated with the underclass of world society it has a low store of value; change those things and you suddenly increase security, and faith in the instrument to the extent that people will use it more as a currency than a commodity.  When that happens it will become stable.  The more stable the currency is, the less attractive it will be as a commodity and more attractive it will be as a currency.

I know I was told the block chain can hold an infinte amount of data but I still can't wrap my head around that much less how long it would take to download all of that data when the time comes to get a wallet. 

My mind refuses to see all of this blockchain usage as a good thing.

Here is article #2  http://www.crowdfundingpr.org/picisi-administration/

Once the big guys become a part of btc the whole paradigm will change, worse for those who like to scheme, but for the better for those who prefer honorable trading.

Firstly, coinbase has two separate interests, the coinbase that started first and the coinbase exchange. I don't know which entity this is addressing or both. Considering that the article spoke about 'merchants' it clearly involves the first coinbase. I think this is referring to both of coinbase concerns.

Anyway, a user need not be a natural person, it very easily could be a business, so that one person could have many different business accounts. Additionally and probably more the case is larger companies are using coinbase to pay employees and vendors so yeah they may sign up for an account but for many of them simply another atm card attached to their demand account.

Lastly, not long ago coinbase has a referral program that paid both parties $5 in btc if someone made a referral and conducted a $100+ transaction. You know when that many parents and siblings were signed up unbeknownst to them.

Nevertheless Coinbase purposely refrained from early crazy growth. I think their true customer base is about 300K active customers.

good post, sorry to see Canadian CC exchanges dying like that, yeah, I always wondered why a biz in financial trouble would not seek to sell at fire sale value than for nothing at all. There is a lot of money, time, and energy that goes into starting a business of any kind, once you get to a point where you have a community base the company has value beyond the raw numbers.

Anyway, Coinsquare is welcome to become a PICISI sponsor.

I was a bit taken aback when I saw "Poverty Action" info, as most know when it comes to Barbados and finance it's more directed to the wealth seeking to hide funds than those in need of funds.

Wow, it's obvious that Cryptoine was really pro-security, I'm really sorry to hear this took place, I encourage them to seek outside auditors to do security checks to help reveal weaknesses. 

Here's a simple note, slow things down to a relative craw when it come to withdrawing funds. Make sure that all of the debits and credits are in order before releasing funds.

If someone is able to manipulate the books that means the books can be manipulated, there's got to be an absolute check and balance system so that everything makes sense.

Then when you find the hacker, shoot him, or her.

Anycoin Direct is invited to be the official exchange sponsor for PICISI. 

PICISI is a crowd funding platform (not yet launched) that accepts fiat and cryptocurrency for donations to campaigns.   

The PICISI motto is "Promotion, Promotion, Promotion" our intent is to pay people located all over the world to do assignments for us and to pay them with PICISI issued token, then when we receive fees in fiat to use those funds to buy the PICISI issued tokens at the exchange of our official sponsor.  This will draw many people to the exchange because we will buy at prevailing rates to the full extent of our resources on a regular basis.

Since the token will be tied to an actual business that uses the tokens on a regular basis the value should be strong and relatively stable. 

yep, like PICISI

I forgive you for not including PICISI because it hasn't actually launched as of yet, however really should be on the list considering that it seeks to bridge intercoin relationships while paving a way for the wider world of fiat users to be introduced to cryptocurrency in a very friendly and practical way without the user being technically savvy, downloading any wallets, or opening a exchange account.  

But we better be on the next one.  

"Huge Impact" really?

Come on, how many times does someone that doesn't have access to credit/debit cards and checks need more than 1000 euros to in their "DAILY" lives?

The law sucks because it is driving cash a way under some false pretense, nevertheless it really should cause too much of a disruption in the lives of the overwhelming majority of people. 

The last time I made a purchase of over $1K cash wasn't too long ago but I only did it about 3x in the whole year of 2014, and every single time was because I didn't want the cash, I could have easily used one of the cards and gotten rewards points too.