1146
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 05, 2014, 03:36:20 PM
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I informed Bitstamp that they had at least a breach on their email list, if not the rest of their system. At first they denied it, but in a follow up they eventually admitted to it. I think if eleuthria is to be trusted, then there is probably no question in it. Furthermore, Bitstamp themselves distributed email warnings of phishers I think shortly afterwards. It's possible that only a part of the mails were leaked, or that somehow yours wasn't sent to. If we do some digging, maybe we can get it officially from a Bitstamp rep.
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1147
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 05, 2014, 03:27:31 PM
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Perhaps I am being a little harsh with the exchanges; clearly they are the first attempts by hobbyists and we needed them in the very beginning. But now, we have moved on to a stage where we cannot afford to have experimental exchanges – perhaps even having such exchanges out there with the highest volume is detrimental nowadays. What is sorely needed is professionals who already have experience building financial infrastructure. Wall Street, not basement geek. Bitstamp leaked their customer email addresses by the way, that's why all the new phishing attempts. Reminiscent of Emptygox 2011. Fuck all the operating major Bitcoin exchanges.
This is just getting stupid. After Im confident of the reversal and fairly sure its choo choo time Im getting all of my funds off exchanges and not trading until im confident in a competent exchange. I have Bitstamp verified account and I never received the gox scam mail neither the btcguild scam mail or any other bitcoin related scam or spam. I don't think those are connected. Same here regarding the Bitstamp account, plus my email was not leaked before all this and I only got those mails fairly recently, so I am near certain of eleuthria's conclusion. Have you checked your spam folder? Gmail for example has excellent spam filtering.
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1149
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 05, 2014, 03:09:08 PM
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Bitstamp leaked their customer email addresses by the way, that's why all the new phishing attempts. Reminiscent of Emptygox 2011. Fuck all the operating major Bitcoin exchanges.
source? Eleuthria, admin of the BTCGuild mining pool, did the research on it: http://www.reddit.com/r/Bitcoin/comments/1zaqvy/bitstamp_email_list_used_to_spread_mtgox_malware/cfs21qrBitstamp's email list was confirmed stolen ~2 weeks ago, when a boatload of emails claiming to be from support@btcguild.com (but not sent from any of the BTC Guild mail servers) went out talking about a 3.201 bitcoin transfer. After replying to the people shouting at me for being a scammer, I was eventually able to narrow the source of the leak to Bitstamp at the very least, and likely a few other sources on top of it. I informed Bitstamp that they had at least a breach on their email list, if not the rest of their system. At first they denied it, but in a follow up they eventually admitted to it. They then sent out a little security update email mentioning 2FA/password security. TL;DR: FUCK EMPTYGOX FUCK BITCRAMP AND FUCK BTC-PEE TOO
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1154
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 03, 2014, 08:40:57 AM
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Lose >99% BTC Lose >40% fiat Lose database along with customer identity data
Well, Emptygox couldn't possibly have done a much worse job than this.
The statement is a joke. How come they did not realize until a few days ago that there was a huge discrepancy between the money they were holding in their bank and the money deposited by their customers? You all know this is BS and simply cannot happen. They knew very well they had less than they were supposed to, they just decided to run on fractional reserve and spent customers money to cover their own operational expenses. I wouldn't be surprised if Karpeles even cashed out dividends at some point while knowing the company was virtually bankrupt. He doesn't need dividend. Just by insider trading and arbitraging he would have earned a lot. According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot. My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world. Yes, hopefully authorities will do a good job on investigating that angle. It isn't credible that they didn't notice the fiat hole before.
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1155
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: March 03, 2014, 07:23:56 AM
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bitcoinbuilder rallied to 0.107 hahaha. that can't last long.
If bitcoinbuilder went to 0.9, how many people would be able to sell at this price? Bitcoinbuilder is now a fake market because noone can possibly sell at their price EXCEPT those who have already transfered their goxBTC over to bitcoinbuilder before the close. You can tell just by looking at the extremely low volumes. Plus, I believe the bitcoinbuilder admin is taking a 4% fee on each trade, and the 2% realBTC side he converts into goxBTC he claims, so effectively he is subsidizing it.
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