JeffBrad12
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October 28, 2016, 05:28:27 AM |
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It is time for decentralized exchanges to take the forefront..... the whole exchange scam has become such a load of rubbish.
Not enough demand in the decentralized exchange site are made the people are not interested with it, they just think about how to gain money and money not careful about the security of the system, please correct me if I'm wrong.
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Wendigo
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October 28, 2016, 05:33:57 AM |
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Well another one bites the dust. Is anyone actually surprised any more? These Bitcoin exchanges are lining their own pockets with customers' money and then blaming a fake security breach to cover their butts. 101 Bitcoin Funds Embezzling 2016 Edition
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ObscureBean
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October 28, 2016, 05:48:18 AM |
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it seems like every exchange service is starting to realize "getting hacked" is more profitable for them than running a legit exchange service. i mean look at bitfinex they were earning what only fees and other profit but after they hack they are richer by 120,000 bitcoin Ikr, and the thing is they got hacked not once but twice and yet people are still using their services I mean it's not possible to be 100% certain they did it but surely after the first hack, people would be less trusting right?? ok fine forget and forgive.. but then a second hack and people are still happy to trust them with their money ?? Imagine they really did it, it's like sitting on a gold mine
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trannamtan
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October 28, 2016, 06:14:04 AM |
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exchange is very dangerous to leave your money in it. when you are hacked you will lose all your money and difficult to get your money back. " World there are many scam scenarios " - be wise with your money !!!
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milewilda
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October 28, 2016, 06:27:09 AM |
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Jeez, i dont really like this kind of exchange hack incident because i do really afraid to dump again on bitcoin price. lol. I do heard for the first time of this exchange which is suppose this is a local exchange for sure because its not a reputable one . Hope this hacking incident wont really affect soo much 2.3k btc is small though but still a million dollar amount. Thats why i never leave big amounts on exchanges.
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Herbert2020
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October 28, 2016, 06:32:17 AM |
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It is time for decentralized exchanges to take the forefront..... the whole exchange scam has become such a load of rubbish.
people just keep saying this but where are these decentralized exchanges? are any of them even good and have the same trade volume? and most important question: can traders get the same functionality they get from the current exchanges or is it at a compromise? i keep seeing this but when i check the projects i see nobody is using them!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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bitcoinmasterlord
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October 28, 2016, 06:37:05 AM |
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exchange is very dangerous to leave your money in it. when you are hacked you will lose all your money and difficult to get your money back. " World there are many scam scenarios " - be wise with your money !!! It is good advice that we should be wise with our money. Nowadays people are eagerly waiting for the opportunities to become rich in super fast ways so can't believe anyone in this world when money is involved. So it is always good to secure your money by yourself than depending on others.
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carlfebz2
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October 28, 2016, 06:41:03 AM |
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exchange is very dangerous to leave your money in it. when you are hacked you will lose all your money and difficult to get your money back. " World there are many scam scenarios " - be wise with your money !!! It is good advice that we should be wise with our money. Nowadays people are eagerly waiting for the opportunities to become rich in super fast ways so can't believe anyone in this world when money is involved. So it is always good to secure your money by yourself than depending on others. Scams are everywhere all over the globe either offline or online, because people do easily tempted with money especially on huge amounts already thats why they would make anything even if its illegal in able to get those money and dont mind what would be the effects as long they have it. You are right we must be wise on our money and we should secure it and be aware on the possible scenarios might happen on the long run like on exchange hacks.
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NorrisK
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October 28, 2016, 07:04:48 AM |
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Sad to have to read this type of news again. I just don't know why people keep using these new exchanges and store a lot of coins on them.
The big established exchanges are nowadays putting a lot of effort into security and are more likely to have some reimbursement plan instead of folding to the loss.
The theft still sounds quite small to me though, could've been much worse from what we have seen lately.
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Pursuer
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Where is my ring of blades...
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October 28, 2016, 07:08:29 AM |
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Sad to have to read this type of news again. I just don't know why people keep using these new exchanges and store a lot of coins on them.
The big established exchanges are nowadays putting a lot of effort into security and are more likely to have some reimbursement plan instead of folding to the loss.
The theft still sounds quite small to me though, could've been much worse from what we have seen lately.
they seemed to be a not so popular exchange service that is why the alleged hack is also small. besides it is 1,560,000 USD which is not really small on its own if you are not comparing it. and from what I have read it sounds more like an exploit in their weak system which was not like any other hack that has happened so far but we may never know the real thing behind it like any other hack before it.
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Only Bitcoin
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girlbtc.com
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October 28, 2016, 07:28:08 AM Last edit: October 28, 2016, 09:24:03 AM by hilariousandco |
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I am not surpirsed and I am afraid that more "hacks" like this will follow soon,people need to learn from previous mistakes and start realizing before it's too late that keeping their Bitcoins in centralized exchanges and online wallets is very risky. Any predictions on who's next? yes never put btc in any centralized ecchanges and online wallet or any famouse man acting as escrowany thing will change , when the money becomes a lot so girlbtc's slogan is " play with you solely controlled address, never put your money outside for any reason. withdraw it whenever it is possible. " and now the decentralized gamble solution is that important to btc gamble system.
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markisanon2434
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Dapps will be the game changer
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October 28, 2016, 07:36:44 AM |
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This is very disappointing to hear that another crypto exchange is out of business. They should have a good security in place. Even with good security, I believe that all exchanges should warn their users not to store large amount of coins if they are not planning to trade it soon. This may sound silly, but in situations like this, it can decrease the amount of coins stolen by hackers.
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girlbtc.com
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October 28, 2016, 07:46:36 AM |
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This is very disappointing to hear that another crypto exchange is out of business. They should have a good security in place. Even with good security, I believe that all exchanges should warn their users not to store large amount of coins if they are not planning to trade it soon. This may sound silly, but in situations like this, it can decrease the amount of coins stolen by hackers.
Man be smart please, there is no hack at all, the story is told by the site, who knows? Haker=Admin
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requester
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October 28, 2016, 09:11:00 AM |
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you just gave me shock yea a huge shock because I had invested $120 in trading site but it's my biggest fear now I am thinking to get back my money in my wallet. already i had suffered losses in hashocean and I can't afford to loss again. and if i loss this amount then my business life will end here itself.
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Tyrantt
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October 28, 2016, 10:01:16 AM |
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That's one thing that scares me with all this cryptocurrency world, online businesses are a lot more vulnerable to attacks and theft, unlike physical banks.
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Need some spare btc for a new PC that can at least run Adobe Dreamweaver.
BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
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pawel7777 (OP)
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October 28, 2016, 10:16:44 AM |
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What is this with the total of 2,3k btc and why are not get listed in the exchange volume list? I guess are this a local exchange? what the hell about the fuckin trying for making new scenarios. This is my first time heard about the picture exchange.
It's a Polish exchange, one of the oldest. It's not showing on coinmarketcap (if that's what you meant) as they halted trading. ... Ikr, and the thing is they got hacked not once but twice and yet people are still using their services I mean it's not possible to be 100% certain they did it but surely after the first hack, people would be less trusting right?? ok fine forget and forgive.. but then a second hack and people are still happy to trust them with their money ?? Imagine they really did it, it's like sitting on a gold mine Yup, Bitcurrex was hacked back in March 2014. I would risk a guess that people could actually be more trusting towards the exchanges that were hacked but managed to recover. We are slowly running out of exchanges with clear record of never being hacked. Anyhow, I've read that the owners of Bitcurrex are already under investigation after complaints were filed by users.
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1Referee
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October 28, 2016, 10:20:37 AM |
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As long as these exchanges are operated by incompetent amateurs, we will see many more exchanges go down in the coming years.
These two problems form a significant factor as to why exchanges go down;
# In case of a hack - As stated before, incompetent amateurs with no real experience in programming run exchanges like it's just a hobby thing. They try to save on costs by "trying" to fix certain weak spots of their exchanges themselves, instead of investing money in hiring capable programmers to do it for them. This is mostly the case with the smaller exchanges.
# In case of an inside job - Once again, incompetent amateurs aren't able to deal with large amounts of money and coins (2300BTC definitely fits in that category). It's very easy to blame the loss of that many coins to a hack where the semi-anonymity of Bitcoin is offering them enough time and options to think out a solid plan.
In both cases it's the fault of the exchange.
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Velkro
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October 28, 2016, 10:26:11 AM |
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I have never heard of them. How will the refund anyone ? They can't. This seems to be a thing going around where exchanges suddenly lose a whole lot of volume. Makes you wonder if it's on purpose or not.
Anyway an interesting read none the less.
Yep, u never know for sure. Anyway its sad when any exchange go bust, always innocent people hurt :/
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mindrust
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October 28, 2016, 10:28:16 AM |
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2300btc is nearly 1.400.000$. That's not going to move the charts suddenly. We may expect a slow dump session but it will get recovered easily and those 1.4m$ will just melt away.
I hope they didn't have many users btw.
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CoinBreader
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October 28, 2016, 10:28:21 AM |
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And even after that "accident" the btc price is rising... everything is well organized ! lol
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