nova-rider
Member
Offline
Activity: 70
Merit: 10
|
|
September 02, 2016, 07:36:16 PM |
|
It was certainly a difficult situation, I'm feel sorry for people who lost money on it. I hope that the exchanges learn from these mistakes, so that way it does not occur again in the future.
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
starmman
Legendary
Offline
Activity: 1484
Merit: 1029
|
|
September 03, 2016, 07:29:35 AM |
|
It was certainly a difficult situation, I'm feel sorry for people who lost money on it. I hope that the exchanges learn from these mistakes, so that way it does not occur again in the future.
Me too, its difficult to know which exchanges to trust - so I've spread my trades across a few and send all my spare BTC to cold storage - and made sure I have ultra strong passwords and not repeating them across any sites. You can never be too safe in the world of BTC.
|
|
|
|
.m.
|
|
September 03, 2016, 09:10:36 AM |
|
I'd love to sue those bastards, but how ? Is there any group of people who were robbed by Bitfinex ?
|
|
|
|
ajaxmoor
Legendary
Offline
Activity: 1372
Merit: 1000
|
|
September 03, 2016, 09:14:18 AM |
|
It was certainly a difficult situation, I'm feel sorry for people who lost money on it. I hope that the exchanges learn from these mistakes, so that way it does not occur again in the future.
Well, as long as there is greed , that aint happening. There already have been multiple exchanges before. This hack was definitely not the last. The only time we will see these things go away is, when the exchange owners are made responsible for the hacks.
|
|
|
|
mayax (OP)
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
September 03, 2016, 09:53:15 AM |
|
I'd love to sue those bastards, but how ? Is there any group of people who were robbed by Bitfinex ?
here it is : https://www.bitfinexlawsuit.com
|
|
|
|
starmman
Legendary
Offline
Activity: 1484
Merit: 1029
|
|
September 03, 2016, 01:53:02 PM |
|
Good luck with the class action - hope something comes of it. The owners need to be held accountable for their failings of security (or whatever else happened)
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
|
September 03, 2016, 04:39:09 PM |
|
Dear Bitfinex dumbassed customers: We heard you were all suing us so we decided to move our base of operations to Jakarta. It's a beautiful place with no extradition treaties with any other country. Here's a photo of our main office. I might be a little difficult to find now because I had a little surgery since my last photo was taken so here's a new pic of me. Stop by and say hi when you're in town. Signed with love, The real slim shady
|
|
|
|
soros017
|
|
September 03, 2016, 11:04:49 PM |
|
With this we can see that there are no fully safe places for cryptos on the internet these days, I mean exchange wallets. It is always good to consider the possibility to have at least part of the funds in offline wallets.
|
|
|
|
.m.
|
|
September 04, 2016, 04:35:14 PM |
|
BFX token up around 0.5, bring us some more !
|
|
|
|
dandroid
Member
Offline
Activity: 70
Merit: 10
|
|
September 05, 2016, 02:33:45 AM |
|
Yeah, finding places to put and trade your coins in a safer way is not something easy these days. I hope the exchanges manage to do a decent job next time.
|
|
|
|
.m.
|
|
September 05, 2016, 07:03:56 AM |
|
I see Bitfinex is trying as much as it can.
|
|
|
|
philiveyjr
Legendary
Offline
Activity: 840
Merit: 1000
|
|
September 05, 2016, 08:59:56 AM |
|
BFX token up around 0.5, bring us some more !
Wasn;t it guaranteed to be 1$ at the selling price ? Either way, It appears to be more of a ponzi or an altcoin with value created out of thin air, then actual refund credits.
|
|
|
|
.m.
|
|
September 05, 2016, 01:04:46 PM |
|
"assigned" value does not mean "guaranteed".
I said "they are trying" ...
|
|
|
|
OmegaStarScream
Staff
Legendary
Offline
Activity: 3458
Merit: 6106
|
|
September 05, 2016, 05:50:29 PM |
|
According to Coindesk.com (see HERE ), Bitfinex already started to give some users funds back. I guess It's a good start If we compare them to the other exchanges out there. Still , It's their own fault If they got hacked (since they didn't use Cold storage) and also users fault If they were storing funds in an exchange for a long time.
|
|
|
|
Quickseller
Copper Member
Legendary
Offline
Activity: 2870
Merit: 2298
|
|
September 05, 2016, 06:48:10 PM |
|
Wasn;t it guaranteed to be 1$ at the selling price ?
No. The BFX tokens have a $1 face value that represent the amount that bitfinex owes to it's customers. I don't think anyone ever expected for them to be trading at $1.
|
|
|
|
ironm@n
|
|
September 09, 2016, 04:22:45 PM |
|
I had not goods stored on bitfinex, but I'm sad by the fact that people are doing this stuff to stole other people's money, in my opinion everyone should earn money by themselves.
|
|
|
|
Snorek
Legendary
Offline
Activity: 1400
Merit: 1001
|
|
September 10, 2016, 04:11:13 AM |
|
BFX token up around 0.5, bring us some more !
Wasn;t it guaranteed to be 1$ at the selling price ? Either way, It appears to be more of a ponzi or an altcoin with value created out of thin air, then actual refund credits. And that is exactly what it is, virtual token created as temporary solution, and to please crowd. It is not backed by anything, nor has any real value. I would advise you don't touch these tokens! If you do that it will be clear that you are fine with that form of refund.
|
|
|
|
Quickseller
Copper Member
Legendary
Offline
Activity: 2870
Merit: 2298
|
|
September 10, 2016, 04:36:22 AM |
|
BFX token up around 0.5, bring us some more !
Wasn;t it guaranteed to be 1$ at the selling price ? Either way, It appears to be more of a ponzi or an altcoin with value created out of thin air, then actual refund credits. And that is exactly what it is, virtual token created as temporary solution, and to please crowd. It is not backed by anything, nor has any real value. The BFX tokens are baked by the markets faith in bitfinex's ability to raise sufficient money via equity sales to repay their customers. Provided that the market believes bitfinex is worth in excess of $70 million then BFX is probably worth $1 (face value). If the market believes bitfinex is worth less then BFX is worth less.
|
|
|
|
.m.
|
|
September 10, 2016, 07:44:52 AM |
|
Market seems to believe it has a value, BFX went down to 0.49, but now it recovered to 0.51, see Bitmex.
|
|
|
|
illyiller
|
|
September 13, 2016, 08:52:10 AM |
|
The BFX tokens are baked by the markets faith in bitfinex's ability to raise sufficient money via equity sales to repay their customers.
Good luck. Their volume is abysmal now. Liquidity is gone. They repaid the 1% out of funds that they retained for operations, not capital inflow. What kind of outside investor would touch them now with their legal exposure? Socializing losses of bailed assets and securitizing debts--issuing them to US customers? Good luck, Giancarlo, Rafael and company.... you're going to need it where you're going.....
|
|
|
|
|