If Zhou Tong doesnt own bitcoinica wtf does he have all of the customers private information still ?
Mind=Blown.
When we started asking for IDs, no one knew that I sold the site, so as a moral practice I should be the only one with access these private documents. After the security attack, I immediately revoked the repository access from the servers and all the keys have been replaced. Since it's just kept in archive for AML and no one find it interesting to look at them everyday, they just stay there. I'll keep the documents for as long as the government require and promise not to use for any purpose other than AML and other government-related investigations. If you are uncomfortable with holding your IDs with me, you can contact Bitcoinica Consultancy and send your IDs to them. After I got the confirmation that they have stored your IDs, I'll delete them from the server. I'm not a lawyer, but I seem to recall that asking and recording fingerprint and ID information for a third party without informing about said third party, is a serious offence in the UK... So the business wasn't yours and you continued taking and recording ID documents on its name? I'd be very surprised if that's not a serious crime in Australia, being their legal base basically the Common Law. I'd have this fixed before going there if I were you. I was working for Bitcoinica and I was specially assigned the right and the responsibility to deal with these records. There's no instruction so far from Bitcoinica LP, so I should continue the responsibility. It seems that Bitcoinca Consultancy is more like the 3rd party here because the handover happens after AML requirements. It's illegal for me to pass the documents to anyone else without informing the public. And it depends on Bitcoinica LP regarding how to deal with these documents. If there's no instruction nothing will happen. |
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If Zhou Tong doesnt own bitcoinica wtf does he have all of the customers private information still ?
Mind=Blown.
When we started asking for IDs, no one knew that I sold the site, so as a moral practice I should be the only one with access these private documents. After the security attack, I immediately revoked the repository access from the servers and all the keys have been replaced. Since it's just kept in archive for AML and no one find it interesting to look at them everyday, they just stay there. I'll keep the documents for as long as the government require and promise not to use for any purpose other than AML and other government-related investigations. If you are uncomfortable with holding your IDs with me, you can contact Bitcoinica Consultancy and send your IDs to them. After I got the confirmation that they have stored your IDs, I'll delete them from the server. Really? This is how you want to go about processing every single of your customers IDs? I thought you wanted to study this year? You might want to reconsider your plan for a little more efficency because people will probably require you to delete that data. Just my 2 cents. I don't think many people will want to do that. Bitcoinica Consultancy will have to keep the IDs for the same amount of time. The security isn't a problem (AES-256) either. There are not many IDs there, probably around 200. |
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If Zhou Tong doesnt own bitcoinica wtf does he have all of the customers private information still ?
Mind=Blown.
When we started asking for IDs, no one knew that I sold the site, so as a moral practice I should be the only one with access these private documents. After the security attack, I immediately revoked the repository access from the servers and all the keys have been replaced. Since it's just kept in archive for AML and no one find it interesting to look at them everyday, they just stay there. I'll keep the documents for as long as the government require and promise not to use for any purpose other than AML and other government-related investigations. If you are uncomfortable with holding your IDs with me, you can contact Bitcoinica Consultancy and send your IDs to them. After I got the confirmation that they have stored your IDs, I'll delete them from the server. |
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This is the forth time I have bought up this important issue, and to date I've not received a single reply by anybody, hence posting once again. Please read entire post, for this is a very important issue. My husband loss 250K in the Pacquiao vs. Bradley fight. It is not our life savings, trust me.
Before you did not have a database, now you are making up accounts and balances. Zhoutong, I understand its hard to pay out such amount especially when you probably do not have it. Which would explained why all other bitcoinica users that did verify have still received anything. You seem to have most of the forum on your side, waiting and trusting in your words, without realizing that you sold their documents without their consent. Your illegal sale was the cause of the hack and people seem to ignore this. You first denied who I was, then you say you "found" my account. News for you Zhoutong, because of daily limits and red flags triggered by big accounts, I had 7 accounts, all accessed via TOR.
My point of showing you the screenshots was for you to remember since when we have been doing business. I NEVER thought you were going to pretend who I was or denied my claim.
I am going to ask this question one last time because I think it is super important and you are ignoring it for some reason.
How much money did you make, how much Tihan Paid YOU when he bought from you, when you sold all of our emails, passports (expensive in the black market),Drivers license, utility bills, financial tranasctions history, First Names, Last Names, Phone Numbers... Home Address?
If the money never came out of your pocket since the first loss, that must mean your "Tuition" is there untouched. That is magnificent, it truly is. Your 1000 Gold Coin, your playboy shirst, your gucci glasses, your Ipad..true baller in Singapore. All your little buddies must be like yoooo通州什麼該死的人，你是老闆！
Maria.
Just one thing you want to know. Tihan didn't get any of the documents, and the AML was implemented after the sale. Tihan gave me sole access to the documents because people don't know him. I didn't betray your trust (if any). Bitcoinica Consultancy has not requested for access either. So no one, other than me, could ever touch the verified documents.Given the above, and... I am willing to send a scan of my ID for priority processing of account access Source: https://claims.bitcoinica.com/Here is the question, once again: Who, exactly, is viewing and matching up verified document, i.e. passports, DL's, photo ID's, et el.? ~Bruno~ No one. The ID supplied was using for AML purposes, not credit check or identification. This time the ID provides is used to verify identication only. The claim accuracy and account ownership are much more important than IDs. I'm not surprised if the IDs are not being touched at all. Anyway, Bitcoinica Consultancy has the right to obtain any document from me. |
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Even though it's someone else's intellectual property, it'll be great if I can get permission from Bitcoinica LP to open source the legacy version of Bitcoinica.
If the code is really rubbish like some Consultancy people said, they shouldn't mind sharing the rubbish. I'm very interested in sharing the code though.
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But for sake of fairness, we should add the following:
Bitcoinica didn't break down because of its code quality. It was due to "other circumstances"
I have to admit that the code quality isn't great, especially for things that are not CRUD. But Patrick once told me that 90% of Intersango code is business logic (such as working with banks). That relieved me a little bit. There must be a reason that financial institutions love Java and C#. These languages are more suitable to large-scale projects. |
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I was just looking at a piece of code for hedging and saw 3 bugs and numerous hacks to work around flaws. It doesn't surprise me that third time lucky it blows up.
class HedgingJob
...
confidence_level = Setting.where(:key => "confidence_level").first.value.to_f
surplus = Setting.where(:key => "surplus").first.value.to_f
if Setting.where(:key => "buy_factor").first
buy_factor = Setting.where(:key => "buy_factor").first.value.to_f
sell_factor = Setting.where(:key => "sell_factor").first.value.to_f
else
buy_factor = 1
sell_factor = 1
end
....
price = Ticker.last_tick("BTCUSD").selling * 1.02
response = MtGox.buy!(amount, price)
....
I know it's not world-class code, but isn't it just business logic and nothing else?
Nothing else, exactly, thats the point. Since you posted that code, well. Its the typical kind of code which assumes everything goes well and works as intended. There is absolutely zero checks and precautions to protect against anything not as assumed, and moreover, that piece of code does asssume a whole pile of things. Just the thought that such code runs automatically and trades several thousands of $$ makes me feel sick... Sorry for being so blatant There's is only one thing outside the bot's control, that is Mt. Gox doesn't accept the orders. In that case, the buy! call will fail the the program will be queued to retry. Nothing is changed in the database. There are only one variable, which is the surplus. The rest are constants set by the operator. |
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Zhou: what were buy_factor and sell_factor set to? Were they dynamically updated based on current unhedged orders, or were they constants?
99% of the time, they are both 1. I built this in January, when a worker server broke down and under-hedged some orders. They I can adjust the settings to smoothly acquire the under hedged Bitcoins instead of placing a big market order. |
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I was just looking at a piece of code for hedging and saw 3 bugs and numerous hacks to work around flaws. It doesn't surprise me that third time lucky it blows up.
Care to point out the 3 bugs and various hacks? I know it's not world-class code, but isn't it just business logic and nothing else? class HedgingJob
@queue = :normal
def self.perform
confidence_level = Setting.where(:key => "confidence_level").first.value.to_f
surplus = Setting.where(:key => "surplus").first.value.to_f
if Setting.where(:key => "buy_factor").first
buy_factor = Setting.where(:key => "buy_factor").first.value.to_f
sell_factor = Setting.where(:key => "sell_factor").first.value.to_f
else
buy_factor = 1
sell_factor = 1
end
if surplus.abs > confidence_level
amount = surplus.abs - confidence_level
if surplus > 0
amount *= buy_factor
price = Ticker.last_tick("BTCUSD").selling * 1.02
response = MtGox.buy!(amount, price)
Setting.change_surplus(0-amount/buy_factor)
else
amount *= sell_factor
price = Ticker.last_tick("BTCUSD").buying / 1.02
response = MtGox.sell!(amount, price)
amount = 0 - amount
Setting.change_surplus(0-amount/sell_factor)
end
Trade.create(:amount => amount, :price => price, :response => response.to_s[0..253])
end
end
end |
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Off-topic: Justin Bieber's new album Believe has a song called "Maria".
Does it talk about a girl who tried to scam him? Roughly that! "Maria"
She says she met me on a tour
She keeps knocking on my door, she won't leave me
Leave me alone
This girl she wouldn't stop, almost had to call the cops
She was scheming, ooh, she was wrong
Cause she wanted all my attention
And she was dragging my name through the dirt
She was dying for my affection
But she keep making up and give it to 'em
I'm talking to you, maria
Why you wanna do me like that?
That ain't my baby, that ain't my girl
Maria, why you wanna play me like that?
She ain't my baby, she ain't my girl
But she talking in, and she need a squeeze
But never this, all I know she got mine
That ain't my baby, that ain't my girl
But she falling out, what she talking about
Let me tell you now that girl she's not mine
She ain't my baby, she ain't my girl
Now she's in the magazines, on tv, making a scene
Oh she's crazy, crazy in love
And she's all over the news, saying everything but the truth
She's faking, faking it all
Cause she wanted all my attention
And she was dragging my name through the dirt
She was dying for my affection
But she keep making up and give it to 'em
I'm talking to you, maria
Why you wanna do me like that?
That ain't my baby, that ain't my girl
Maria, why you wanna play me like that?
She ain't my baby, she ain't my girl
But she talking in, and she need a squeeze
But never this, all I know she got mine
That ain't my baby, that ain't my girl
But she falling out, what she talking about
Let me tell you now that girl she's not mine
She ain't my baby, she ain't my girl
Why are you trying, trying to lie girl
When ain't I never met you at all
Saying goodbye, but how could ya
You throw this, you throw this
Your foolness, seduces
Maria why you wanna do me like that?
That ain't my baby, that ain't my girl
Maria, why you wanna play me like that?
She ain't my baby, she ain't my girl
But she talking in, and she need a squeeze
But never this, all I know she got mine
That ain't my baby, that ain't my girl
But she falling out, what she talking about
Let me tell you now that girl she's not mine
She ain't my baby, she ain't my girl
That ain't my baby, that ain't my girl
She ain't my baby, she ain't my girl
She ain't my baby, she ain't my girl
She ain't my baby, she's not my girl
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Off-topic: Justin Bieber's new album Believe has a song called "Maria".
Does it talk about a girl who tried to scam him? Not sure. I will go through the whole album today. |
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ANALYSISMaria didn't have any significant balance in Bitcoinica. She created this thread to make people believe that she really had that balance, and she assumed that without a database, her claim cannot be verified as wrong. By promising to donate a significant amount, she thought she would be able to make people direct to Bitcoinica. Instead of trying to recover funds from Bitcoinica LP by filling a claim, she instead started personal attacks against me. Because Bitcoinica LP as an limited entity had limited funds, and if she got the funds that didn't belong to her, people would know eventually and Maria and CoinExchanger will be get a Scammer tag. However, I, as an individual, is an unlimited entity and she assumed that she could defame and threaten me to get money without justification at all. DISCLOSURESince I didn't receive any instruction from Maria regarding the unclaimed user account, and until today Bitcoinica still didn't receive a valid claim for the 28 cents, I decided to disclose relevant details. Username: 2122397500 Email: atqcapital@gmail.comI searched the email online and it was disclosed under a scammer thread as well. And apparently this account belongs to her husband. There was no identification documents under this account. WHAT'S NEXT?What do you think we should take actions against people like her?
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Off-topic: Justin Bieber's new album Believe has a song called "Maria".
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My husband loss 250K in the Pacquiao vs. Bradley fight. It is not our life savings, trust me.
Before you did not have a database, now you are making up accounts and balances. Zhoutong, I understand its hard to pay out such amount especially when you probably do not have it. Which would explained why all other bitcoinica users that did verify have still received anything. You seem to have most of the forum on your side, waiting and trusting in your words, without realizing that you sold their documents without their consent. Your illegal sale was the cause of the hack and people seem to ignore this. You first denied who I was, then you say you "found" my account. News for you Zhoutong, because of daily limits and red flags triggered by big accounts, I had 7 accounts, all accessed via TOR.
My point of showing you the screenshots was for you to remember since when we have been doing business. I NEVER thought you were going to pretend who I was or denied my claim.
I am going to ask this question one last time because I think it is super important and you are ignoring it for some reason.
How much money did you make, how much Tihan Paid YOU when he bought from you, when you sold all of our emails, passports (expensive in the black market),Drivers license, utility bills, financial tranasctions history, First Names, Last Names, Phone Numbers... Home Address?
If the money never came out of your pocket since the first loss, that must mean your "Tuition" is there untouched. That is magnificent, it truly is. Your 1000 Gold Coin, your playboy shirst, your gucci glasses, your Ipad..true baller in Singapore. All your little buddies must be like yoooo通州什麼該死的人，你是老闆！
Maria.
Just one thing you want to know. Tihan didn't get any of the documents, and the AML was implemented after the sale. Tihan gave me sole access to the documents because people don't know him. I didn't betray your trust (if any). Bitcoinica Consultancy has not requested for access either. So no one, other than me, could ever touch the verified documents.Therefore, it's safe to say that you alone will be processing all the refunds, for clearly nobody else has a way to matching up who-is-who. If some other entity representing Bitcoinica request a photo ID from its clients to verify their account, I ask, prey tell, what could they be matching said photo to, since they have no other verified documents at their disposal? ~Bruno~ They are not using that documents at the moment. They are using other evidence to verify the records. In rare cases such as undetermined account ownership, they will use the documents, but not yet at this stage. |
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So, 150K, another 250K gambling (probably illegally!) on the fight, and the losses don't even phase you? That's chump-change to serious motherfuckers like you and your "husband"?
Yeah, right.
Either pay the list of all those folks you have promised or STFU, you are just another windbag. And just to make sure you get your side of the deal... take ten times your 28 cents out of my payment, and I will assume ownership of all your accounts and the obligations owed you by Bitcoinica. Step up or shut the fuck up.
And Zhou? Sell her docs... pimp those bad boys for a couple of hundred bucks to some leprous diseased couple who want to come to the USA and start a life of scamming and full time maggot-suck assholery. They won't have to pretend very hard at all to pass themselves off as Maria and Boy Wonder.
Manny Pacquiao won the fight. Betting on him was a guaranteed win. The judges saw something else and decide to steal the fight from Pacman and give it to Bradley. Even Bradley was shocked. So it hurts a little, but not the end of the world. We never thought bitcoinica was going offline and running with the money. Unfortunately, these two events collided. I am not sure why some of you are being so disrespectful. Keep your manners, you are giving a bad example. @zhoutong Please answer the question. How much money did you make, how much Tihan Paid YOU when he bought from you, when you sold all of our emails, passports (expensive in the black market),Drivers license, utility bills, financial tranasctions history, First Names, Last Names, Phone Numbers... Home Address? If the money never came out of your pocket since the first loss, that must mean your "Tuition" is there untouched. That is magnificent, it truly is. Your 1000 Gold Coin, your playboy shirst, your gucci glasses, your Ipad..true baller in Singapore. All your little buddies must be like yoooo通州什麼該死的人，你是老闆！ It's strictly NDA'd. I have also explained that 70% of the words in your question are irrelevant because I never "sold" the documents. There wasn't any AML requirement at that time. Your question is absolutely irrelevant to the refunding process. I have already transferred all your deposits to Bitcoinica LP's accounts and I can't access the funds at all. Well, if you want to recover funds from me personally, I can collect it on your behalf from Bitcoinica LP. But you have to give me relevant details of your account and a signed Power of Attorney. Otherwise there's no way to prevent you from claiming the money from Bitcoinica again. You are the rightful owner of your accounts and you deserve the money. It's also your obligation to donate once Bitcoinica paid you in full (of whatever amount they owe you). If you promise to give up your assets we can open another thread to discuss what to do with the money. (Currently it's at 28 cents. If you give me the list of the 7 Tor accounts the amount may be more.) |
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I, for one, am happy that positions will be liquidated around $5. That was the price when this shit happened, so it's reasonable. Plus, I have a short there  Obviously you took a bad position so fuck you hahaha, just kidding Long should be liquidate NOW at market price and shorts at a convenient time ($ 5) Zhoutong's opinion was "all short positions can liquidate at 4.94". https://bitcointalk.org/index.php?topic=81045.msg897877#msg897877Current positions will all be liquidated at a settlement price. We haven't decided the price yet, but my personal estimate is 4.98 / 4.94. (All long positions can liquidate at 4.98 and all short positions can liquidate at 4.94, we pay the spread for you.) All unrealized P/L will be settled in USD. If you don't have sufficient USD balance, we will use your BTC to settle, with the mid-point exchange rate (again, we pay the spread). I suggested the team to pay spread to customers to make everyone happy. At that time the highest-lowest difference was 4 cents. Now it's 1 dollar. So I'm really not sure how the liquidation will be handled. |
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Now just look how some big party desire to have the price to return to 5$ to avoid legal problems will effectively ensure that we will Bitcoin will never ever see 5$ handle again.
Damn markets have this ugly habit of inflicting maximum possible damage. It will now probably rally just to make the matters even worse.
I agree with your second sentence, but I am not totally sure I am in agreement in the first one. If the majority were long, which I am assuming (what is your opinion?), I don't anticipate this being a problem. We also absolutely have no idea when our coins were really, if ever, liquidated. EDIT: If you are longterm (I am) this really isn't like the worst thing in the world either. IMO, bitcoin is going up. This is just a small speedbump on the way. While currently it is a rather large percentage gain, I really believe there could be a major movement higher within the next 6 months that will dwarf this. Hopefully a run to test 8.00++ shortly. EDIT2: I was 90 coins long, but it's one of those things where at this point it's "whatever." I am sure people with huge positions though might have a diff. opinion. Long and short positions are roughly equal. But regardless, all positions are exactly hedged. This means that theoretically Bitcoinica's liquidated net assets in USD should not change regardless of market movement. However, in reality, short sellers may have been forced liquidated and there's no way to cover the losses. Anyway it's a terrible thing to happen. Bitcoinica once had similar issues under management in January when the price booms and our position remains under-hedged (because of a bug in the hedging bot). Bitcoinica was in the edge of insolvency but fortunately I managed to handle that well and got positive returns for the company in that month. But it's sad because Bitcoinica can't continue operation in the short term so it's really hard to solve problems caused by market movement. Well yes, this could be avoided. |
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Give me the list of 7 accounts quick.
You have confirmed that I will never know who you are and how much Bitcoinica owes you. There are at least 250 accounts registered with Tor.
News for you: The sum of balance of all the accounts that I DON'T know is less than your claimed amount.
5% of Bitcoinica users represent 98% of total balance.
SCAMMER!
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My husband loss 250K in the Pacquiao vs. Bradley fight. It is not our life savings, trust me.
Before you did not have a database, now you are making up accounts and balances. Zhoutong, I understand its hard to pay out such amount especially when you probably do not have it. Which would explained why all other bitcoinica users that did verify have still received anything. You seem to have most of the forum on your side, waiting and trusting in your words, without realizing that you sold their documents without their consent. Your illegal sale was the cause of the hack and people seem to ignore this. You first denied who I was, then you say you "found" my account. News for you Zhoutong, because of daily limits and red flags triggered by big accounts, I had 7 accounts, all accessed via TOR.
My point of showing you the screenshots was for you to remember since when we have been doing business. I NEVER thought you were going to pretend who I was or denied my claim.
I am going to ask this question one last time because I think it is super important and you are ignoring it for some reason.
How much money did you make, how much Tihan Paid YOU when he bought from you, when you sold all of our emails, passports (expensive in the black market),Drivers license, utility bills, financial tranasctions history, First Names, Last Names, Phone Numbers... Home Address?
If the money never came out of your pocket since the first loss, that must mean your "Tuition" is there untouched. That is magnificent, it truly is. Your 1000 Gold Coin, your playboy shirst, your gucci glasses, your Ipad..true baller in Singapore. All your little buddies must be like yoooo通州什麼該死的人，你是老闆！
Maria.
Just one thing you want to know. Tihan didn't get any of the documents, and the AML was implemented after the sale. Tihan gave me sole access to the documents because people don't know him. I didn't betray your trust (if any). Bitcoinica Consultancy has not requested for access either. So no one, other than me, could ever touch the verified documents. |
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UPDATE
Since Maria did not confirm or deny the username, I have to do my own research.
The account 2122397500 is likely hers or husband's, according to the email address. It was registered on September 9, 2011.
At the time of writing it has a balance of $0.28007 and zero BTC. Currently unclaimed.
Also, Maria's requested amount almost matched the largest balance in Bitcoinica history (and I know the account holder quite closely). I have been sorting by USD balance and BTC balance almost every week since last year and it's impossible that I don't know a user with a substantial amount invested.
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