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bitcoinminer (OP)
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In summation this week...
1.) Don't use the same password on a bunch of places
2.) Don't trade a decentralized currency in one central place
3.) Don't leave a pile of cash or BTC in an account at a website that everybody uses, but nobody really knows anything about
4.) Don't put 25,000 BTC in one wallet
5.) If you walk into a room full of cocks with a lubed up ass, consider the possibility you may get fucked.
Too many people here can tell you every technical detail about a block chain, and read transactions, but do the stupidest, common-sense-avoidable shit, and throw a tantrum.
If somebody lost 400k BTC in one transaction, in my mind, it's Satoshi or Mt. Gox's main account. There are probably people behind the scenes working on this now, and when the market opens, there is blood in the water, and there will be sharks. Don't sell your fucking bitcoins. Seriously. You're going to lose your ass. Wait a couple of weeks for all the drama to die down. Or sell them all, and we will buy them all up. But don't come in here crying a week from now saying you wish you'd held on to it.
There are very very few people here, all with small BTC amounts, claiming to have their Mt. Gox funds stolen. Whomever those 400k belonged to, they are who is going to take the hit. Mt. Gox will more than likely go out of business because of this, as they probably should.
Somebody should have noticed these vulnerabilities before it was compromised. People also need to keep in mind that a key feature of this whole thing is that the transactions are designed to not be reversible. Obviously this is a special case, but in general, if you have a lot of $BTC lying around someplace stupid, you should keep in mind if you lose it, that it is GONE. If it's a significant, or complete, chunk of your portfolio, you shouldn't leave it lying around on the equivalent of a park bench.
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Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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Chick
Member
 Offline
Activity: 70
Merit: 10
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June 20, 2011, 03:17:26 AM |
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5.) If you walk into a room full of cocks with a lubed up ass, consider the possibility you may get fucked.
I found this to be the most useful advice!  |
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bitcoinminer (OP)
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June 20, 2011, 03:19:11 AM |
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5.) If you walk into a room full of cocks with a lubed up ass, consider the possibility you may get fucked.
I found this to be the most useful advice! Please to enjoy! |
Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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Tril
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June 20, 2011, 03:22:52 AM |
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mtgox admitted on the bitcoin show the 400k tx was them moving funds to an offline wallet.
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bitcoinminer (OP)
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June 20, 2011, 03:24:40 AM |
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mtgox admitted on the bitcoin show the 400k tx was them moving funds to an offline wallet.
So at $15/BTC they're sitting on 6 million profit... nice. |
Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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srb123
Newbie
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Activity: 58
Merit: 0
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June 20, 2011, 03:28:57 AM |
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The 400k BTC was just Mt. Gox moving the coin from the Exchange Site to a backend server to protect them, nothin' sus.
Only about 3000 BTC were removed from MT. Gox by the hacker, so I think Mt. Gox can wear that.
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bitcoinminer (OP)
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June 20, 2011, 03:33:06 AM |
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To me, giving any kind of auditor access to an exchange site's server is suspicious. That they could be that careless shows me they aren't taking their shitpiles of money and investing it in any kind of improvement... like I don't know, maybe a "Home" button that lets you see the exchange rates? Putting aside the current security clusterfuck...
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Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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Name: Claudio
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Activity: 98
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May 30, 2018, 12:53:55 PM |
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Building strategy to protect your Bitcoin or other crypto currency is also tricky since you need to be very attentive when it come to changing your password weekly to protect you, you need to keep tracking where did you save the clue for your passwords, and how many accounts you hold to keep all your rewards and earning safe.
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Paka1
Newbie
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Activity: 154
Merit: 0
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June 05, 2018, 03:33:49 PM |
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Be strategic and wise enough to use your bitcoin or other crypto currency. Planning is essential in order to come up with great move on how you would be able to make your investment in crypto currency grow. Be mindful and be attentive on your account not to be hacked and not to be used by other people.
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Punisherx100
Member
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Activity: 122
Merit: 23
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June 05, 2018, 03:45:58 PM |
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5.) If you walk into a room full of cocks with a lubed up ass, consider the possibility you may get fucked.
I found this to be the most useful advice! Please to enjoy! Go to school and learn. |
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pixelvault
Newbie
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Activity: 97
Merit: 0
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June 25, 2018, 01:03:25 PM |
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5.) If you walk into a room full of cocks with a lubed up ass, consider the possibility you may get fucked.
HAHAHAHAHA thats some pretty sound advice.  |
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chelle5
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June 25, 2018, 01:37:50 PM |
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We always use our brain in every moment every move and steps we take but in business we have to become wiser and be careful for every single step, be more careful.
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Odlanyer
Member
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Activity: 350
Merit: 10
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July 15, 2018, 01:52:51 AM |
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I will used my brain in like doing like careful and wisely I used it properly, I think before I finalize my decision like i used a hard password in my wallet account to avoid hacking and I will strategic and intelligence to use Bitcoin or other cryptocurrency.
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luckybit1
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July 16, 2018, 03:19:33 PM |
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I will use my brain in making the right decisions and also not allowing people to push me out of my will...
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cryptoteen
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Activity: 117
Merit: 0
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July 16, 2018, 03:32:20 PM |
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yeah when considering about how to use your brain for the safety of your crypto currencies as always I prefer using a hardware wallet like nano ledger or a trezor. This is the safest known method till today in crypto field. And also I strongly agree with your suggestion, not to keep all your bitcoin in 1 wallet. In hardware wallets you get multiple accounts which you can use wisely. So its better to store in few different wallets in case of security matter.
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musta5a
Jr. Member
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Merit: 7
BITDEPOSITARY - Make ICO's , More Secure
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July 16, 2018, 03:39:52 PM |
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i like the post, really shows what crypto was like back at the beginning. how much it changed though. let's hope we will be very happy how crypto shapes in 7 years from now
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Lalafell
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July 16, 2018, 04:00:22 PM |
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I used my brain for everything every day .. But now i think i need to use it for my future..
Yes, we need to use our brain in our daily live. Using our brain to think wisely to make our future become successful. Using our brain to decide a good thing for us and for other people. |
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A Feeder
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July 21, 2018, 12:29:16 PM |
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I used my brain in good way like wisely and careful decision because not all of your decision is right sometime its wrong, it's okay if your gonna pick the wrong decision but do it at once not many times because mistake is way you to learned, Be mindful and properly to have an high profit.
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Anna Margarita Bereber
Newbie
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Activity: 17
Merit: 0
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July 23, 2018, 03:49:00 PM |
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I use my my brain in a way that I can survive my studies. I'm also using it before I speak. I should know that I must think before I speak in able for me not to hurt the feelings of the other people. And I also think before I click.
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MetalGear
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July 30, 2018, 04:08:45 PM |
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I will use my brain in making the right decisions and also not allowing people to push me out of my will...
Yes, like you I used my brain to making a good decision especially in investing bitcoin cause in a wrong move it may cause to loose my money, and I ignored those people to push me out in my will. I use my brain to think more how to become more productive to gain profit in bitcoin. |
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