... It is a net loss considering I'm worth $50+ per hour. I charge $200 per hour for consulting work, and here I am spending 20 mins at a time researching claims and answering emails for sums less than $10. ...
Is there something/anything you could outsource by hiring someone ? ... I think there is a sense of scale missing. This is like paying 1000$ to fix a problem with 5 000 000$ in collateral damage. Deepwater Horizon come to mind. Could you explain this further ? Im under the impression this is a HUGE problem.. How will hiring help, not help ? Let's collectively pay Donald / Genjix something better than an old laptop to work on this. Hire someone to feed and towel wash him while he's working on this 19h/24. Hire mercenaries to hunt that hacker and recover that DB !!! Sorry I lack imagination, but it's not like money's missing we're all loosing money every days that passes. What's missing IMO is someone in charge giving a fuck. Yes, I work for way below my pay bracket on Bitcoin stuff. Point is that I wouldn't be living like a pauper if I had scammed lots of money. You can check my entire history since 2003 on the internet, and you'll see that I've been working on Free/OpenSource software as a dayjob for 10 years. Those jobs pay far less than proprietary/normal commercial jobs and it's always a struggle. I've never been money oriented or concerned with earning money. Don't believe what I'm saying? Then google my name 'Amir Taaki' or my nickname 'genjix'. Several times I was living as a squatter, homeless or living out of a backpack. All my programming history is on OpenSource projects. Also there's many people who can say what my true character is like: My CouchSurfing page: http://www.couchsurfing.org/people/genjixHackathon I organised: http://crystalspace3d.org/main/La_Fibra_hackfest_report (most of those people are on IRC) Here's a picture from 2008, when I was still a leftist. I was always against greed, but at the time did not understand economics. That control of money is another form of fascism.  My other pics for anyone who wants to play detective: http://www.flickr.com/photos/genjix/Here's some writing of mine before getting into Bitcoin: https://n-1.cc/pg/blog/read/44422/jbhttps://n-1.cc/pg/blog/read/44421/fssYou can decide yourself whether I am a scammer. A scammer would not be posting here. Also if you read some of the forum posts, some people say they were answered by email that they are accurate, and some were told they were at the end of the queue. A scammer would tell everyone they are marked accurate. Now it is slow, but the data is incredibly bad. But at the very worst, payouts will be completed within 2 months (or at least the large significant portion of them done). We only have the funds for the site. Mistakes that get made will cost people real money. Mistaken payments will not be refunded (hence the 50% first solution). I'm inviting people to dug up dirt on me because there is none. Tihan has also offered up his personal details. I'm interested in having this. Show me the police report. I'd rather not give people's personal details in public. |
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Genjix, I have great respect for you, I personally think you should aim higher in life.
Your long term reputation is worth much more than what you can expect to gain from being associated with this. It may not be obvious that you're protecting them but given that they've been dead silent on the matter ... If it wasn't for your semi weekly forum posts, with no update at all, we'd have surely engaged into coercive means already to get "Tihan" & al. to get a grasp of the urgency.
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Hire mercenaries to hunt that hacker and recover that DB !!!
There was no hacker. That's why they haven't involved any authorities. You said that already, please stick with what you have proof of. |
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... It is a net loss considering I'm worth $50+ per hour. I charge $200 per hour for consulting work, and here I am spending 20 mins at a time researching claims and answering emails for sums less than $10. ...
Is there something/anything you could outsource by hiring someone ? ... I think there is a sense of scale missing. This is like paying 1000$ to fix a problem with 5 000 000$ in collateral damage. Deepwater Horizon come to mind. Could you explain this further ? Im under the impression this is a HUGE problem.. How will hiring help, not help ? Let's collectively pay Donald / Genjix something better than an old laptop to work on this. Hire someone to feed and towel wash him while he's working on this 19h/24. Hire mercenaries to hunt that hacker and recover that DB !!! Sorry I lack imagination, but it's not like money's missing we're all loosing money every days that passes. What's missing IMO is someone in charge giving a fuck. Tihan has also offered up his personal details. I'm interested in having this. |
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... It is a net loss considering I'm worth $50+ per hour. I charge $200 per hour for consulting work, and here I am spending 20 mins at a time researching claims and answering emails for sums less than $10. ...
Is there something/anything you could outsource by hiring someone ? ... I think there is a sense of scale missing. This is like paying 1000$ to fix a problem with 5 000 000$ in collateral damage. Deepwater Horizon come to mind. |
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Less than 10% of the claims to a point of less than 50% is less than 5% of the total problem addressed. And you are concerned about "making mistakes"? You are still in the statistical deviation fussiness around the issue at 5%, you haven't even begun to fix the problem. At the speed your poor solitary trooper is struggling through this moral swamp of who is being honest and who isn't, who has a reputation or who doesn't, you should get around to beginning to look at refunding the UNDISPUTED US$ accounts sometime in August 2015. With another 3 years to resolve that cluster-fuck you might be out of this right around December 2019.
Nice work! Bravo for the effort! So glad the saviors came along to make this thing all better!
Considering that the base value of ALL underlying bitcoins that you are holding has increased by almost 55% since this theft began, you could comfortably pay out at this level for decades, stringing along the customers that you have scammed, and never touch the principal you hold. Hell, those thousands and thousands of US$ will be increasing at a steady rate too! What a clever routine you boys have worked up here. I didn't scam anyone. Say how you expect people to be refunded without a database. We're trying the best we can. I am amazed that anyone in this community still listens to a single word from you gangsters. There is absolutely nothing that you have done or said that is anything less than classic textbook scamming. You have lied in reaction to every question, you have mis-directed, re-directed or just fallen off the face of the earth whenever the heat gets turned up. Nobody knows yet who actually is responsible for this disaster, and you seem to pop out another name for the penultimate responsible party every other week, and yet there is always some murky uber-mensch who tells you all what to do based on ethical/moral/legal considerations, although nothing you do reflects anything like ethical, moral or legal behavior. Amazing.
It's a wonder that you don't have the villagers clamoring for a lynching right now, but I guess the promise of a few miserable pennies on the dollar sometime in the next decade is enough to mollify your victims. Sad. Truly sad that polished scammers like this whole set-up flourish here. If there is anything that will kill off bitcoin as a concept- it is the thieving bastards like Bitcoinica. I don't believe for a second that there was any kind of hack here, this stinks like a set-up to pull a huge amount of capital out of the "market" sit on it and make gains while everyone runs around like chickens with their heads cut off, throw your little programmer Zhou off the Island and steal his work, while turning him into a pariah in the community, so that you can paint yourselves as White Knights.
You sicken me.
Point me to one question where I lied. I've been around all the time, posting answers to questions and answering emails. Also I give the full story as it happened in the OP. Your story is nothing more than a conspiracy theory. As I said, if someone wants to sue then I'll provide my name and details for the police report. No one has taken that offer yet. We are happy to open our books to the relevant authorities. Tihan has also offered up his personal details. We have not acted maliciously once. Currently I have 200 emails. A scammer would not bother answering and looking up people's claims for them. I also would not be using a crappy IBM Thinkpad T61 if I wasn't short on cash. Our conduct before Bitcoinica has been nothing but exemplary (point me to an occasion where it wasn't), and we've always operated with utmost honesty. But I guess there is no other way to convince you otherwise, so it is a pointless discussion as you've already made up your mind. @Transisto, I did say it was a slow process. And actual payouts only begun 2 weeks ago (see the OP). We had to sort out the legal issues with Tihan (who has legal control over the funds), create a claims system, organise all the data and start the process. This isn't something you do in 3 days, but 2 weeks. Consider that it 2 months of legal negotiation with Bitcoinica as to our role we would be taking, and when the hack happened, we we still completing the ownership transfer: 20:42 <phantomcircuit> tihan isn't like an employee 20:43 <phantomcircuit> he's a middleman 20:43 <phantomcircuit> a finder 20:43 <phantomcircuit> im guessing this huge mess is why he wont be working with him anymore 20:43 <phantomcircuit> but donald pushing the point is probably what made that really happen 20:45 <genjix> however you dealt more with tihan, so you know more about everything 20:46 <genjix> i really haven't followed the events, nor read much of the email exchange between donald and tihan 20:48 <phantomcircuit> afaict this is effectively a series of decisions that were made in good faith which were unfortunately poorly thought out 20:48 <phantomcircuit> wendon bought bitcoinica in like october and knew immediately that there were problems 20:48 <phantomcircuit> they went to the coinlabs people but they weren't able to help or reneged on the deal or something i dont know the specifics 20:49 <phantomcircuit> when we got involved in what was it like march? they had been operating for months without a major overhaul 20:50 <phantomcircuit> the paperwork was wrong and tihan was rushing because i think he realized how fucked the situation really was 20:50 <phantomcircuit> then at the worst possible moment the hack happened |
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How and when will the industries using SHA-2 for securing sensitive data will feel compelled to change algorithm because of mining hardware manufacturing ? The current generation of BFL ASICs may not be of any use for cracking password but future ASICs products will want to take advantage of it's ease or implementation, increasing profits and lessening risks. See : https://bitcointalk.org/index.php?topic=87476.msg968530#msg968530Back in the days it used to be secure to use 9+ character passwords for securing a WiFi AP,,, now 12 is the norm. I fear that eventually people willing to use a password they can remember will not be able to do so with anything sha2 secured. - SHA-2 is the world most trusted secure algorithm.
- Some devices have sha1-2 embedded in hardware, as is the case in many routers / vpn.
(might be related) : Cryptanalysis of AES and SHA-2: how far we are from compromising worldwide encryption and hashing standards |
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...So far ~50 people have been paid out. Around 4x as many people are marked accurate. Right now, I think people marked as accurate will be paid back first. If you aren't in that category then you'll have to wait until after they're paid, at which point a new batch of people will be marked with accurate status. And so on, until 50% payouts have been done.
Originally me and Tihan marked a bunch of people as accurate based on our assessment of character. This is how Zhou wanted to pay people back quickly (just by deciding who is notable and who isn't). However Donald, who's largely taken the initiative on the payments prefers to do them completely based the numbers. As he's taken charge of it, I prefer to respect his decision on that. So people who send us emails like "I'm so trusted in the community" - that really does not have much bearing (for now).
The claims are making good progress. It's expected to be slow but I'm satisfied and don't want Donald to rush the process / make mistakes. That would be the worst thing ever as we only have the exact funds from the site.
This is a previously written post I had decided to keep for myself,: At this point, day 50, Say there are 3 people who process one claim per hours for 8 hrs a day (conservative), If there is a queue sorted by owned BTC.
and that all those before me had the same amount and those behind nothing. (very unlikely)
, that I am the next to be paid (unlikely).
You guy had what ? ~ 3 000 000BTC to pay out ?
Do you realize many people would pay you ~200$ to get their claim priority checked.
Honestly, What is it you're doing ? My brain's boiling. Ok so you've processed ~10% of claims to 50% accuracy in ~50 days. Now learning, There is ONE GUY , Who process claims ?... 50 has been paid in 50 days and you're satisfied ?How can anyone expect getting back more than 50% of his fund before 2017 ? Thanks for the honest update, it fell good to have some realistic expectation. |
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Sorry about the email.
@ssaCEO, I don't have a way to search for USD payments but I see at least 2 people with their USD payments paid back. I assume there's more. However USD payments are slower since Donald doesn't have direct access to them (goes through a second person).
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3) How do you tell if you claim has been marked as accurate?
If you email reimburse.bitcoinica@gmail.com then I can tell you. So far ~50 people have been paid out. Around 4x as many people are marked accurate. Right now, I think people marked as accurate will be paid back first. If you aren't in that category then you'll have to wait until after they're paid, at which point a new batch of people will be marked with accurate status. And so on, until 50% payouts have been done.Originally me and Tihan marked a bunch of people as accurate based on our assessment of character. This is how Zhou wanted to pay people back quickly (just by deciding who is notable and who isn't). However Donald, who's largely taken the initiative on the payments prefers to do them completely based the numbers. As he's taken charge of it, I prefer to respect his decision on that. So people who send us emails like "I'm so trusted in the community" - that really does not have much bearing (for now).The claims are making good progress. It's expected to be slow but I'm satisfied and don't want Donald to rush the process / make mistakes. That would be the worst thing ever as we only have the exact funds from the site. |
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Read-only file system problem. rm: cannot remove `/live/image/BAMT/CONTROL/ACTIVE/noOCGPU3': Read-only file system Did a Scandisk under windows, 151k recovered in 9 file, autocong cgsnoop phoenix2, and CHECK_NETWORK.SH , entry trunkated |
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today in the morning i got an email fom verify@bitcoinica.com, it told me again that I should send anythin wich could help to verify cthe claim to
verify@bitcoinica.com Now you say we should send all that can help to verify the claims to bitcoinica.reimburse@gmail.com  (who is this??) maybe tomorrow someone states we should send anything that can help to verify our claims to santaclaus@northpole.com what are you doing there?? I sent anything i got to verify@bitcoinica.com again today, it not very much, just the mails from bitcoinica according my deposits an one withdrawal, tx-ID'S you can get out of theese mails, blockchain provides Adresses wich are tied to theese transactions. what more do you need? You got my full name and home-adress, you got my emailadress wich was tied to my account at bitcoinica, you got my username from the account, I also tried to verify my account with my bitcoinica password (no matching hash was found...), you never had photo from my ID so whatfor do you need it now? (maybe I' willing to give it to you if it's to proove that I had just one claim open, and will only be paid once, but you will get it when i get a message like something like this: please send photo of your ID to receive back your funds. Payment will be processed immediately after you sent it...) Christian |
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13 June 15:00: Initial payouts have been made to verified people for 50% of their claim.
Can we please get an update with some real factual data? The last one was made half a month ago. And so far all we know is that ~5% of the smaller accounts got 50% of their BTC balance back and 0% of their USD balance. By now you guys should have a concrete plan containing WHO/WHAT/WHEN/WHERE/WHY/HOW. Please communicate it to your customers. Update the individual claim pages with verification status and expected payout dates and percentages. If the strategy is to solve the problem by dragging this out hoping customers will forget and go away then you are mistaken. I' m seeing a lot of claims marked accurate (especially the larger ones). 75% of the claimed value has been marked as accurate with the remaining ones marked 'undecided' (the vast majority). This number is hugely skewed by a few people with very large balances.
The total amount actually paid out thus far is 1/6th of the total claimed value.I was one of Bitcoinica's largest customers. I have extended you my continued patience and trust to sort this out. Now after 50+ days of inaction you have degraded me to practically having to beg for my *own* money back. Well done. Top notch customer service indeed.
Oh, and Tihan - Can you please nullify the NDA you have with the Bitcoin Consultancy guys? We need to move forward beyond words and empty promises. We need meaningful action & full transparency. It is clear that Bitcoinica LP was (and still is) completely dysfunctional. This is not how you run a professional operation.
Well there's a competing dichotomy here. To process the claims, we have limited information and we cannot tell people what we know and don't know exactly. It's a process of rebuilding a database with imperfect information against malicious agents.
People are getting paid out, but again as I said, the process is very slow. In fact Donald right now has done the majority of work. Many of the claims I processed got reverted because I was making mistakes and doing them improperly. :/ There is lots of information, and a bunch of bottlenecks. For instance, lets say one staff member has access to information X, which the other staff member needs, then there's lag there. So it's not totally as efficient as it could be.
I favoured using a completely mathematical/statistical approach (build stats to cross match and home in on an acceptable dataset using hypothesis testing and confidence intervals). But the others decided that it's less risky and better to do them manually (despite taking longer). I still think the statistical approach is a good one and worth the risk.
Let's have a look at this in the context. the post immediately above my post: OK - so........... I got a mail that my account is verified as accurate - but nothing but crickets after. I was apparently under the mistaken impression that meant I was to see some kind of funds returned? Again - wtf? Kinda irritating because now I'm checking the damn inbox again, and I really don't want to check if the check isn't coming in the mail.  Or, are we doing the - communicate one line of email and then nothing for yet another month. This game is getting tiring  Bitcoinica LP crew is definitely not businessmen at heart. Should have set up a blog, with daily updates, put adsense ad on it. They would by now make more money out that blog that it was stolen. LOL
This has got to be the stupidest post I've read. Why would be blogging instead of processing payouts? And putting ads on there? I'd rather not be a businessman then. Thanks for the bad advice. ... stupid is: - to have no security concept at all - stupid ist to get no backups at all ... Thank you, bremer-btc-user. @genjix: This is very rich for YOU and rest of your gang to call ANYONE here stupid. Real pro!. And no, it was not an advise, it was a joke. You are too smart apparently to get it. I quit advising Bitcoinica the moment my advise to use colocation instead of linode back in September 2011 was ignored. I have not been advising anyone in Bitcoinica since then. So please do not even for a second imagine that I am advising you here. Funnily enough, after you guys got owned by linode, you (Bitcoinica) have "fixed" it by moving to rackspace VPS's, GENIUS! (yea for real smart ones clarification: this means IDIOTS!). Do not you see now all the hilarity of this? P.S. Ohh and by the way "LOL" means "laughing out loud", often used on interwebs as substitute for smiles and it is usually indication that there is a joke somewhere close by.
What do you mean by "you". We were not even involved in Bitcoinica during that time. We did not move to rackspace VPS. I don't know what game you are playing, but I know that you know this.
I only notarised the signed document for the formation of Bitcoinica the day before the hack. This is public information, yet somehow you are implying false things which is very sly and strange. The only thing we are guilty of is that Patrick's personal email got added access to critical infrastructure without his knowledge, and that his email was compromised. And now it is us that bears the brunt of processing payouts.
You know this. Yet you seem intent to just make fun of me. Are you bitter or something? Did I burn you? It's honestly pathetic considering that we hung out in London a few times, you seemed a cool person and I vouched for your trusted character to others.
Is Tihan really the one holding this up or is that an Intersango lie?
Tihan is not holding it up I don't think. It's just time consuming.
And 27% of the claimed value (not 1 in 6) has been paid out so far. Consider that's for 50% of their claimed value.
OK, sorry I took it so personally. I understand the frustration, but I'm confident that progress is being made now. It will take time. Donald has taken the initiative largely and is making solid progress. There are some holdups, and Zhou is being helpful too by sharing information needed.
There's something with Tihan going on, but I am not following that because it's unneeded drama for me - it seems he got fired, although I'm not sure for what. Personally I don't know if it's justified because I don't know the specifics. On the one hand, his boss felt the need to do so. On the other hand, when Bitcoinica was first hacked, I was terrified and suicidal at the thought that users funds could not be replaced. Tihan put those funds up, which is why we can now process payments out.
Any information you have can help your claim get processed faster:
- MtGox deposit codes
- Any emails received from Bitcoinica
- Photograph of your ID to prove account ownership
- Bitcoin transaction IDs or addresses used with Bitcoinica.
Send any information to bitcoinica.reimburse@gmail.com
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Thanks for the comment, It took me ~4 hrs to filter in this content.
Please report future related topic to be added to this sub.
Almost anything related to mining profitability whether in $ or BTC is speculative.
We're in for great discussions.
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What about request in "talk" page offering btc for improving wikipedia articles.
That'd be a way to donate to wikipedia.
I'm not surprised at all that they don't accept bitcoins, they're simply too big and too popular, they understand it would mostly be free advertising for Bitcoins. and they don't need the $
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The issues I have with BFL are that the threads are cluttered with their "announced" ASIC and customer support issues. A lot of threads that have nothing to do with hardware. There was one thread where op "basically had a prophetic dream" when the BFL ASIC would be shipped. No offense, but IMHO that really doesn't belong in the hardware section.
"op "basically had a prophetic dream" when the BFL ASIC would be shipped" Maybe that simply require someone to report it as "off-topic" or "brain fart" so it be deleted. More likely, nobody will reply and the thread will die by itself. |
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It'll be time for an ASIC subforum when an ASIC miner exists.
+1 Though even better would be a "speculative hardware" subforum. Anything not available for third-party verification goes there. +1 +1 Having no proof of said hardware to be real does not make it speculation. The claims are real, feasibility ?, development intent, real or fake can be discussed either way. |
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If it's only for mining I highly suggest searching around for 100mb used one.
100mb are being replaced by 1gb at every opportunity, The 10mb - 100mb move was even more brutal,,, and that was a while back.
Hardware surplus trash them all the time, try finding them in such places in your area.
10$ for a used 24port ?
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