Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BlindMayorBitcorn]

The real question is when do we fork off those criminal coins?

[adamstgBit]

How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.

can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

[cmacwiz]

another wildfire cleanses the bitcoin space. But now can the devs & miners deliver the KO blow --- and KILL BITCOIN

[savetherainforest]

I went for a shower... missed all the fun...  

I see a lot of explosions happening... and 2nd degree burns... Run bears... run!!!

[European Central Bank]

can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

is it not bitgo? whatever or whoever it is, it sure as hell don't work very well.

[cmacwiz]

The real question is when do we fork off those criminal coins?

ASAP fork to unlimited blocksize will fix everything

[Holliday]

You couldn't pay me to send Bitfinex any amount of bitcoin or dollars.

BTC5K is a lot of coins to be intimidating with. Can't imagine an idiot handling $3.7MM

Well, he's deposited that many coins at Finex so... yeah.

How much money do you make trading when the exchange goes tits up and accidentally all the coins?

People need to learn the easy way, from the mistakes of others, as opposed to actually sticking their hand in the fire.

If you aren't the sole controller of your private keys, you don't have any bitcoins. I mean, I hate to sound like a broken record, but do we really need to keep learning this lesson the hard way?

[podyx]

Are you guys buying or selling right now?

Anyone lost coins on finex btw?

[Ted E. Bare]

I'm doing exactly nothing. Holding my coins in cold storage.

[Spaceman_Spiff]

How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.

can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

I guess the thing is: why would Bitgo not sign when things look normal?  If they hadn't installed proper "danger signals" that would stop automatic processing, an automated 2-of-3 is as bad as a normal hot wallet.

[marcus_of_augustus]

seriously i dont even blame bitfinex, i blame everyone who is such a moron to keep his coins on exchanges. even after we had so many hacks meanwhile...

agreed, and think about why those people are storing coins on an exchange ... to earn interest from others who are shorting the bitcoin price

zero shits given for anyone that loses their coins on bitfinex ... fuck off and never come back to bitcoin

[Mrpumperitis]

The real question is when do we fork off those criminal coins?

even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

[marcus_of_augustus]

I might as well shut my node off now. Bye fellas.

so all finexed then?

 

But seriously tho. This is serious. 

no it's not, just a bump. finex and the idiots that used it had to go ... bye felicia.

[GreekGeek]

Are you guys buying or selling right now?

Anyone lost coins on finex btw?

67 BTC  

[adamstgBit]

How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.

can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

I guess the thing is: why would Bitgo not sign when things look normal?  If they hadn't installed proper "danger signals" that would stop automatic processing, an automated 2-of-3 is as bad as a normal hot wallet.

an order for 100,000BTC move

seems legit.

[Spaceman_Spiff]

Are you guys buying or selling right now?

Anyone lost coins on finex btw?

I think I lost way too many.  I had margin long bids open, plus I deposited a bunch when BTC lending rates shot up to 0.3% a day, stupidly didn't think about risk assessment later on.
Should have known better, because I knew BFX were cowboys.

[BlindMayorBitcorn]

I might as well shut my node off now. Bye fellas.

so all finexed then?

 

But seriously tho. This is serious. 

no it's not, just a bump. finex and the idiots that used it had to go ... bye felicia.

I'm afraid we might never hear from JJG again.

[Spaceman_Spiff]

How come they lost so much? Aren't they storing cold?

No. Users had multisig addys. They didn't use hot/cold.

can you (or anyone else ) explain the 2/3 keys needed to move the coins?

1 is the client
1 is bitfienx

what's the 3rd???

you don't need third. That's why 2 out of 3, only need two sigs. I suppose the 3rd is the wallet provider, in case on of you two flakes out.

No, third is BFX as well, but held in cold-storage.

[savetherainforest]

seriously i dont even blame bitfinex, i blame everyone who is such a moron to keep his coins on exchanges. even after we had so many hacks meanwhile...

agreed, and think about why those people are storing coins on an exchange ... to earn interest from others who are shorting the bitcoin price

zero shits given for anyone that loses their coins on bitfinex ... fuck off and never come back to bitcoin

The thing is that people are a bit dumb... Especially if they don't have a legally binding contract with the exchange so they can sue.

[podyx]

Are you guys buying or selling right now?

Anyone lost coins on finex btw?

67 BTC  

Damn, sorry for the loss. Hopefully you'll get back