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samsonn25
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January 05, 2015, 06:33:18 PM |
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Thanks for the info.
The 18k number seems to be floating around.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Mervyn_Pumpkinhead
Legendary
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Activity: 876
Merit: 1000
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January 05, 2015, 06:35:06 PM |
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Still waiting for some panic, or at least desperation.. it's boring here when the natural phase cycle is held back by the denial phase.
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inca
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Activity: 1176
Merit: 1000
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January 05, 2015, 06:43:20 PM |
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Yes and if we were to experience a 2013 rate of growth again, we'd be put at $35k/BTC at the end of november. Funny this market, ain't it? Mt Gox, the biggest exchange in the history of bitcoin, closed and stole acount holder funds, and now it appears that Stamp -- less than one year later -- is experiencing some significant problems of its own. Merchant adoption means very little any more. Companies adopt bitcoin and the price barely moves. It would take nothing short of a sovereign country adopting bitcoin as its national currency to cause a spike in price again. Face it, the 2010-2013 bull market is over and the bubble is now deflating. There's very little to get excited about anymore in the world of bitcoin. Expect the price to continue falling. Take this crap to other threads or talk book less. |
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superresistant
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Activity: 2128
Merit: 1120
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January 05, 2015, 06:45:34 PM |
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Specular
Full Member
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Activity: 180
Merit: 102
dApps Development Automation Platform
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January 05, 2015, 06:46:14 PM |
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IF the 18K in BTC has been lost, I wonder what Stamp will do. 18K=$5M dollars or so.
They can either cover the loss with the $10M in VC money they raised in Dec of 2013, or they could force their users to eat the loss (though that would effectively destroy their reputation, killing the VCs investment).
My guess is that they are on the phone with their VCs trying to decide what to do (their $10M round was funded by Pantera Capital). I bet that heads will roll (New CTO or CEO), the company will likely eat the loss, and the funds will be replaced with their VC money. Perhaps they will drop the price some more so that they can buy up cheap coins to replace the 18K they just lost.
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10129
Self-Custody is a right. Say no to"Non-custodial"
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January 05, 2015, 06:46:27 PM |
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which (programming) language or technologie is Bitstamp based on?
Python, once the CEO told me... and yes I am back, but I don't care about your trading strategies nor your life drama.... I moved on to other things. Ok. Goodbye and have a nice life!!!!!  Oh??? We are NOT going to be so lucky as to experience your actual absence.  |
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Eddie Brock
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Activity: 53
Merit: 0
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January 05, 2015, 06:52:21 PM |
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From Reddit - https://www.reddit.com/r/BitcoinMarkets/comments/2repff/bitstamp_exchange_issues_megathread/cnf6gdpuser baron1703 wrote: Observations: Known Bitstamp cold storage: https://blockchain.info/address/1JoktQJhCzuCQkt3GnQ8Xddcq4mUgNyXEaSuspicious address: https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCfTransactions started to appear in the suspicious address after 1am european time on 04.01.15. The first transactions had fees of 0.55 and 1 btc, respectively. These continue thought the day with fees of around 0.1btc. First complaints of deposit issues started during the day. Stamp sent out an email the NEXT day, shortly thereafter suspending its site. As can be seen here ( http://www.walletexplorer.com/wallet/6e20c5b8ebb819c7?from_address=1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf), the transactions coming into the 1L2JsX address are from bitstamp addresses (note that this page is not real time, so not all new transactions are displayed). The cold storage address mentioned above was not touched since mid december. The first new transactions in this address appear at around 10pm european time on 04.01.15. This appears to be a sweep of hot wallet addresses and brings in about 10k btc. Notice the specific structure this sweep transaction has (example: https://blockchain.info/tx/c84a1b8e7aaeae81cf3a1db7e37fdd6befbedafb4213338f412c6981b9469553) - a round amount is swept to the cold storage, an arbitrary amount is put in another address where it is combined with other inputs and swept again. This pattern is not observed in the 1L2JsX address. Furthermore, fees in the cold storage address vary from 0.0001 to 0.001, depending on size - again, unlike the 1L2JsX address. IF the 1L2JsX address indeed belongs to a hacker, bitstamp COULD be missing 18,865btc, with the remaining 134,872btc in its cold storage wallet. It appears that only these two addresses have been used for sweeping. This would imply a loss of 12% of all held bitcoins. One of the bitstamp founders ( https://twitter.com/nejc_kodric) tweeted: "To restate: the bulk of our bitcoin are in cold storage, and remain completely safe." Interpret that as you will. |
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stereotype
Legendary
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Activity: 1554
Merit: 1000
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January 05, 2015, 06:56:33 PM |
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Its cool how you can leverage a negotiation to return dirty coins, by tagging/marking an address!
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 05, 2015, 06:59:57 PM |
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riiiiising
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January 05, 2015, 07:02:15 PM |
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Yes and if we were to experience a 2013 rate of growth again, we'd be put at $35k/BTC at the end of november. Funny this market, ain't it? Mt Gox, the biggest exchange in the history of bitcoin, closed and stole acount holder funds, and now it appears that Stamp -- less than one year later -- is experiencing some significant problems of its own. Merchant adoption means very little any more. Companies adopt bitcoin and the price barely moves. It would take nothing short of a sovereign country adopting bitcoin as its national currency to cause a spike in price again. Face it, the 2010-2013 bull market is over and the bubble is now deflating. There's very little to get excited about anymore in the world of bitcoin. Expect the price to continue falling. Take this crap to other threads or talk book less. Thanks for that well reasoned rebuttal. Expect nothing less from bitcoin bulltards. |
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halinyo
Legendary
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Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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January 05, 2015, 07:11:09 PM |
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Maybe 18,866 is the amount they have saved out of 134,872 from so-called hacker (hacker is the guy who tweeted that bulk thing, stealing from himself  ) ?
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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January 05, 2015, 07:12:31 PM |
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Yes and if we were to experience a 2013 rate of growth again reinstate Willy, we'd be put at $35k/BTC at the end of november. Funny this market, ain't it? FTFY  Then reinstate him. What are you waiting for? |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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January 05, 2015, 07:13:18 PM |
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How do you think Stamp hack will affect bitcoin price when they open trades again?
Will price drops?
TY!
depends what happens in the next hours and days. If everything back to normal soon and trades get reestablished, then prices probably will recover. If things keep as they are or people can't withdraw money things will get worse i think its going to get worse. obviously they are rehashing last years gox that brought bitcoin down. next will be china banning bitcoin again for the umpteenth time. (sure ya banned it this time for reals) and then maybe the us economy will enter into crisis mode again. with the dollar at ATH's we are sure to see something happen. we can't have the dollar higher than it was in 2007 and it just stay that high forever. it never has before, it always crashes back down. ALWAYS ... gravity > usd. get ready for the usd to crash again. |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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January 05, 2015, 07:14:44 PM |
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my guts tell me chaos is nearby
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 05, 2015, 07:26:10 PM |
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on a happy note, so far XMR has hedged BTC very nicely.
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fonzie
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January 05, 2015, 07:30:30 PM |
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DonYo
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January 05, 2015, 07:32:57 PM |
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PAGE UNAVAILABLE The document you requested either no longer exists or is not currently available. You may use the "Back" button in your browser to return to the previous page or click Home to return to the WSJ.com home page. To report this problem, contact Customer Support at support@wsj.com |
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p4n
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January 05, 2015, 07:33:43 PM |
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wow fonzie, that is an elaborated trolling. Congrats. |
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fonzie
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January 05, 2015, 07:35:44 PM |
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PAGE UNAVAILABLE The document you requested either no longer exists or is not currently available. You may use the "Back" button in your browser to return to the previous page or click Home to return to the WSJ.com home page. To report this problem, contact Customer Support at support@wsj.comIt works for me, maybe you should try some solid browser (Internet Explorer) ? If you´re interested i could also copy the whole article in here. |
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