oda.krell
Legendary
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Activity: 1470
Merit: 1007
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January 05, 2015, 07:37:18 PM |
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That's some high quality, high effort stuff. I'm not even mad about the trolling  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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undertheinfluence
Newbie
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Activity: 20
Merit: 0
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January 05, 2015, 07:37:28 PM |
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in my interpretation the 'hack address' is actually a sweep address or? |
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MNDan
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January 05, 2015, 07:37:49 PM |
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Most of us have fonzie ignored - please don't quote his BS, no matter how creative (and dumb, really - like the precision of $1000 is somehow different than the precision of $100 per coin - lol).
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Ultros
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January 05, 2015, 07:39:08 PM |
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solid browser (Internet Explorer) ?
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podyx
Legendary
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Activity: 2338
Merit: 1035
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January 05, 2015, 07:41:06 PM |
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keewee
Legendary
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Activity: 1025
Merit: 1000
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January 05, 2015, 07:42:08 PM |
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Most of us have fonzie ignored - please don't quote his BS, no matter how creative (and dumb, really - like the precision of $1000 is somehow different than the precision of $100 per coin - lol).
Oh I don't know, that was some great trolling. I clicked the link too. Funny stuff  |
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ACAB
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January 05, 2015, 07:43:13 PM |
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Who wants to lose more money? Sell now and cry later!
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diabLEEca
Member
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Activity: 61
Merit: 10
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January 05, 2015, 07:43:28 PM |
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But we're SAVED! See this one: Wallstreet Journal: "While the whole world is waiting for Bitstamp's CEO Nejc Kodrič to state whether or not the customers will retrieve their bitcoins apparently lost in a hacker's attack, Bill Gates shocks everyone saying he had just bought 100.000 BTC off the market for, quoting, "it will never get cheaper than that, I know it for sure". Hundreds of other members of the richest world's elite are arranging to do the same as we are writing this article to get in time before the new megabubble starts in the Bitcoin world." [Suspicious link removed]j.com/articles/bill-gates-invests-in-bitcoin-it-will-never-be-cheaper-1430928573  |
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YourMother
Legendary
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Activity: 1281
Merit: 1046
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January 05, 2015, 07:43:42 PM |
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relm9
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January 05, 2015, 07:46:09 PM |
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How do you think Stamp hack will affect bitcoin price when they open trades again?
Will price drops?
TY!
If this was 2013 or earlier, news like BitStamp hack would have caused immediate dumping on all exchanges, but there's only been a slight depress in the price following release of the news. If anything that suggests to me Stamp's reopening will not have any real effect, but who knows. |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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January 05, 2015, 07:46:37 PM |
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Most of us have fonzie ignored - please don't quote his BS, no matter how creative (and dumb, really - like the precision of $1000 is somehow different than the precision of $100 per coin - lol).
Nah... that one was pretty smart. The joke isn't about the exact implementation being identical but about ridiculously dumb beliefs by people, 70s programmers: "Our code will never have to work after date X", Bitcoiners/us: "We will never go below the previous ATH". And btw, the "don't quote the trolls" rule is nearly meaningless: there are few posters that are universally considered content-free trolls. Except for the obvious newly registered spammers, most controversial posters are one guy's troll and another guy's jester. |
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MNDan
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January 05, 2015, 07:50:25 PM |
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Upon further review I will give it a single gold star, but am still inclined to keep him on ignore. :-)
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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January 05, 2015, 07:54:04 PM |
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No exploit can be used to get coins from 'cold storage'. If it can, then those coins weren't really in cold storage.
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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January 05, 2015, 07:56:11 PM |
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I you were the hacker, how could you use the BTCs in a way to not get cached? Maybe buying monero and disappearing in the ring-signature hyperspace?.
Even that would be extremely dangerous... to me it seems the stolen 18k are almost unusable
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kurious
Legendary
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Activity: 2590
Merit: 1643
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January 05, 2015, 07:56:30 PM |
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The 'most of our coins' quote seems to imply they have probably indeed suffered a substantial loss.
I can't see them going bust for 5m bucks, though.
The major exchange in the West folding for 5m? VC money will need to bail it out - or lose 10M.
So - better than evens bet that they will survive - but BTC cred is again damaged.
Best scenario?
They have lost 18K BTC, but they just say - "everything's ok - we found them!" and swallow it.
Market bounces and VCs get some of their security back, and we're all happy. I don't think that will happen, but I wish....
If Stamp goes under - we are seriously fucked - but so are they.
Put yourself in their shoes - I reckon they will be trying to raise the capital, or even sell Stamp, or a portion of it.
I would. What's the alternative?
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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January 05, 2015, 07:58:37 PM |
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I would say that these thefts will happen again. What we need are ATMs that are hack proof like Trezors. Bitcoin needs to focus on being an impenetrable iron vault that fits in your pocket. Only licensed brokers should be allowed to trade bitcoins on the markets although you are free to use the ATMs as a convenience.
That sort of goes against everything Bitcoin is supposed to be. But if some exchanges start adopting a clear cut standard that can be checked by third parties, people can use those if they want the added security. Exchanges have little to do with trade. Fiat exchanges are robbed every day (fraud, HFT, more fraud), but we don't hear about it because they just print more money. Bitcoin doesn't need 24/7 exchanges, do you? Bitcoin needs to be known as indestructible. You can't do that with networked servers. Bitcoin is a global decentralized virtual currency, how are you going to enforce such restrictions? The one country that doesn't wanna, will be the hub for Bitcoin exchanges of all creeds. There will be massive, gaping loopholes. And as we see, there are plenty of people ready to take advantage of any weakness; to the detriment of the regular user. Most of the things we turn to regulation for in other systems can only be achieved with critical mass in Bitcoin. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 05, 2015, 07:59:57 PM |
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JerryCurlzzz
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January 05, 2015, 08:02:25 PM |
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How do you think Stamp hack will affect bitcoin price when they open trades again?
Will price drops?
TY!
If this was 2013 or earlier, news like BitStamp hack would have caused immediate dumping on all exchanges, but there's only been a slight depress in the price following release of the news. If anything that suggests to me Stamp's reopening will not have any real effect, but who knows. Maybe we'll have a Gox-like inflation on Bitstamp upon reopening.... but this time, traders on other exchanges may not follow such a rally the way they did on Gox last year. Is there a thread that discusses the Bitstamp hack at length? What are the facts that we know? |
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Davyd05
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January 05, 2015, 08:07:48 PM |
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man people are quick to jump to conclusions
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