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Author Topic: To the hackers and thieves  (Read 1229 times)
Sandoz
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June 20, 2011, 07:27:13 PM
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It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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dayfall
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June 20, 2011, 07:36:22 PM
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Perhaps the thief was Robin Hood and he is going to spread his ill gotten gains to the poor to promote Bitcoin.

Or perhaps ... the other thing.
bitcola
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June 20, 2011, 07:46:48 PM
 #3

It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.

You could arguably say the same thing to most bitcoin owners who are just hoarders and are hardly spending anything.

GeniuSxBoY
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June 20, 2011, 07:50:00 PM
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You have to thank this guy for causing such a huge ripple.


He could have milked the account for the rest of his life if he was smart.  


Greed/Emotions make people do stupid things.


QuantumMechanic
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June 20, 2011, 07:50:37 PM
 #5

It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.

You could arguably say the same thing to most bitcoin owners who are just hoarders and are hardly spending anything.
Somebody's got to take the risk of holding on to these crazy things.  If nobody wanted to hold on to them, they wouldn't be worth anything.

Seeing your position's value fluctuate like this is not exactly easy to stomach.
relative
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June 20, 2011, 07:52:52 PM
 #6

is there a bitcoin business that doesnt convert them to $ immediatly?
when you buy physical stuff that is certainly what happens.
Synaptic
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June 20, 2011, 07:53:32 PM
 #7

It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.

You could arguably say the same thing to most bitcoin owners who are just hoarders and are hardly spending anything.
Somebody's got to take the risk of holding on to these crazy things.  If nobody wanted to hold on to them, they wouldn't be worth anything.

Prophetic, really...
Sandoz
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June 20, 2011, 07:53:33 PM
 #8

It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.

You could arguably say the same thing to most bitcoin owners who are just hoarders and are hardly spending anything.

Yes, but those who stole bitcoins are less attached to them. I doubt someone steals to hoard...
Bit_Happy
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June 20, 2011, 07:53:49 PM
 #9

It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.

You could arguably say the same thing to most bitcoin owners who are just hoarders and are hardly spending anything.
Somebody's got to take the risk of holding on to these crazy things.  If nobody wanted to hold on to them, they wouldn't be worth anything.

Somebody's got to take the risk of holding on to these crazy things...
And on ~1/2 the recent days we see mild to extreme panic selling.   Cheesy

QuantumMechanic
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June 20, 2011, 08:01:14 PM
 #10

It's ok, you got your bitcoins... and it's probably too late for the original owner to get them back.

Now that you have them, don't sell them for dollars, use them to buy physical stuff. That way you legitimize bitcoins, attract new businesses and make your remaining bitcoins more valuable.

If you sell them, you just get less.

You could arguably say the same thing to most bitcoin owners who are just hoarders and are hardly spending anything.
Somebody's got to take the risk of holding on to these crazy things.  If nobody wanted to hold on to them, they wouldn't be worth anything.

Prophetic, really...
Well there's always me.  My gift to the world.
airdata
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June 20, 2011, 08:31:28 PM
 #11

Dear Hackers,

If you successfully looted thousands, tens of thousands, or hundreds of thousands of btc from mtgox... you obviously could afford to throw a few my way Smiley

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