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Author Topic: Making it public: I have moved the disputed 643.2771 BTC into an escrow account  (Read 15838 times)
Capitan
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June 22, 2011, 07:18:12 AM
 #81

I haven't read any statement by kevin saying why he doesn't return them (he may have written that, I just haven't seen it if he has). If he is not returning them because he wants proof that there was a hack, then I support his decision. Any other reason for not returning them doesn't make sense to me.

Who is he supposed to return them to?  A currently completely owned MtGox system?  The original "hacked account owner" who has not been identified?  Someone else?  I know if I held them and wanted to give them back I'd have no clue who the rightful owner is at this time.

That seems pretty key to me Smiley

I was thinking they'd be returned to Gox, as Gox would need them to reverse all the broken trades. Gox will eventually come to a point where after they've reversed 99% of the broken trades, there will be some missing $ and BTC due to withdrawals (like Kevin's) preventing them from reaching 100% reversal. They might end up having to plug those holes with their own money to just leave a few trades unreversed I guess.
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myrkul
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June 22, 2011, 07:36:03 AM
 #82

I was thinking they'd be returned to Gox, as Gox would need them to reverse all the broken trades. Gox will eventually come to a point where after they've reversed 99% of the broken trades, there will be some missing $ and BTC due to withdrawals (like Kevin's) preventing them from reaching 100% reversal. They might end up having to plug those holes with their own money to just leave a few trades unreversed I guess.

That. Cost of doing business. (and failing)

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June 22, 2011, 08:12:10 AM
 #83

Hey Kevin, why are there so many ugly fatties on camwhores now?  Are you paying them in bitcoins or something?
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June 22, 2011, 08:16:19 AM
 #84

They might end up having to plug those holes with their own money to just leave a few trades unreversed I guess.

Of course they will. And let's hope that gap will be big enough to really drive the lesson home.

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Donate to the BitKitty Foundation instead! -> 1Fd4yLneGmxRHnPi6WCMC2hAMzaWvDePF9 <-
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June 22, 2011, 09:35:26 AM
 #85

Heaven forbid some company that made 0.65% of millions of $$ A day should have to take a minor loss!  Kevin.. take the money and run and dont listen to a buncha random guys on the internet.

Losses like those are what incentivize companies to spend $$ on security.  2 guys earning 0.65% of millions a day is just greed without laying out some bucks to get a security guy on staff.. anyone who saw that website knew they were skimping on costs/safety.

And I hear the money went into buying luxury office space and stuff like that, and flippant remarks about making a shoddy service to 'incentivize competition' or whatever..  and the computer geeks all saying well u should no all these best practices would cry if some carnival ride operator used cheap screws or non-code building materials then the guy scoffs and says 'well everyone should know that that chamfer joint requires 4" of thickness so it must be the CUSTOMERS fault cuz everyone should know that'

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June 22, 2011, 10:08:17 AM
 #86

Sounds like Kevin wasn't the only one who got a buy order in fast.

Hehe. I am serious though. Theft has very specific connotations (warning, this discussion is about UK law, but this is typical of most systems I am familiar with). Most intangible theft, that is, money transfers, securities, etc. are classified as fraud, and that would depend on BTCs having some form of legal value. At the moment, BTCs are at best in a legal grey area. I cannot imagine that any enforcement agency would take theft (or fraud) in BTCs seriously (yet).

Hacking however is a well recognised offence, so the hacker is certainly liable regardless of Bitcoin's legal status. But Kevin would not be liable for making an exchange.

your out of your mind. There is no gray legal area.Theft of service goes way back in  law. We are all trading a right to a  service. It's not frickin complicated.

call the supreme court a guy who doesnt think the law is complicated...   Throw away the 200,000$ ivy league law schools and the 50,000 pages and subsections and latin terms and deliberations ... he's gonna invoke the 'ditch digging dollars statute'.   I think the EFF is looking for you man.. they just had a team of lawyers wasting their time on this when you were here the whole time.
whats your hourly?

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June 22, 2011, 12:34:10 PM
 #87

Heaven forbid some company that made 0.65% of millions of $$ A day should have to take a minor loss!  Kevin.. take the money and run and dont listen to a buncha random guys on the internet.

Losses like those are what incentivize companies to spend $$ on security.  2 guys earning 0.65% of millions a day is just greed without laying out some bucks to get a security guy on staff.. anyone who saw that website knew they were skimping on costs/safety.

And I hear the money went into buying luxury office space and stuff like that, and flippant remarks about making a shoddy service to 'incentivize competition' or whatever..  and the computer geeks all saying well u should no all these best practices would cry if some carnival ride operator used cheap screws or non-code building materials then the guy scoffs and says 'well everyone should know that that chamfer joint requires 4" of thickness so it must be the CUSTOMERS fault cuz everyone should know that'

it was 1.3% the entire operating weekend.

Serge
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June 22, 2011, 01:33:23 PM
 #88

Heaven forbid some company that made 0.65% of millions of $$ A day should have to take a minor loss!  Kevin.. take the money and run and dont listen to a buncha random guys on the internet.

Losses like those are what incentivize companies to spend $$ on security.  2 guys earning 0.65% of millions a day is just greed without laying out some bucks to get a security guy on staff.. anyone who saw that website knew they were skimping on costs/safety.

And I hear the money went into buying luxury office space and stuff like that, and flippant remarks about making a shoddy service to 'incentivize competition' or whatever..  and the computer geeks all saying well u should no all these best practices would cry if some carnival ride operator used cheap screws or non-code building materials then the guy scoffs and says 'well everyone should know that that chamfer joint requires 4" of thickness so it must be the CUSTOMERS fault cuz everyone should know that'

it was 1.3% the entire operating weekend.



^^ this guy has no clue what he's talking about
http://forum.bitcoin.org/index.php?topic=21057.0

.02 btc
Anduril
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June 22, 2011, 02:38:55 PM
 #89

it's a pity the bitcoin community hasn't yet sprouted arbitration and insurance services.

There is arbitration and, sometimes, options offers in IRC. There's even a #bitcoin-court channel. Smiley

You must mean mediation, arbitration requires a contract with a binding arbitration clause and certified arbiters.
TiagoTiago
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June 26, 2011, 01:30:43 AM
 #90

Now with Clearcoin closing what happens?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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myrkul
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June 26, 2011, 01:33:00 AM
 #91

Per Gavin, all existing escrows will play out.

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June 26, 2011, 01:34:10 AM
 #92

Ah, i missed that bit, cool Smiley

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

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