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Author Topic: Coincidence that 100,000 bitcoins go missing and two days later prices are at $8  (Read 3610 times)
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August 04, 2011, 03:22:57 AM
 #21

Sprinters run out of breath. Only marathon runners left.
Last man standing wins. Cool

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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No Maps for These Territories


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August 04, 2011, 03:25:13 AM
 #22

This correction has been coming for some time now. I think the Mybitcoin incident is just a coincidence.
I think it makes sense. People have been getting a bit scared about how to store their coins. On their PC they could be snatched by trojans, web services snatch the coins for themselves or simply disappear the wallet, and so on. So they sell them...

We really need to make it easier for mainstream folk to secure part of their wallets. Yes, there are a lot of proposals for this, but it'll take some time for trust to be restored.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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August 04, 2011, 03:26:40 AM
 #23

This correction has been coming for some time now. I think the Mybitcoin incident is just a coincidence.
I think it makes sense. People have been getting a bit scared about how to store their coins. On their PC they could be snatched by trojans, web services snatch the coins for themselves or simply disappear the wallet, and so on. So they sell them...

We really need to make it easier for mainstream folk to secure part of their wallets. Yes, there are a lot of proposals for this, but it'll take some time for trust to be restored.


why do we need to trust people, with bitcoin you do not need to. only trade what you are prepared to loose.

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August 04, 2011, 03:27:30 AM
 #24

This correction has been coming for some time now. I think the Mybitcoin incident is just a coincidence.
I think it makes sense. People have been getting a bit scared about how to store their coins. On their PC they could be snatched by trojans, web services snatch the coins for themselves or simply disappear the wallet, and so on. So they sell them...

We really need to make it easier for mainstream folk to secure part of their wallets. Yes, there are a lot of proposals for this, but it'll take some time for trust to be restored.


why do we need to trust people, with bitcoin you do not need to. only trade what you are prepared to loose.

You dont need to trust anyone with bitcoin? wha?
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August 04, 2011, 03:29:48 AM
 #25

why do we need to trust people, with bitcoin you do not need to. only trade what you are prepared to loose.
I'm talking about the layman's perspective of Bitcoin, trust of people in their own capability for keeping their coins in their own hands. Yeah yeah  I know cryptoanarchists (and -fascists) have no problem keeping their wallet safe and don't need to trust anyone and can take the world on their own, but that was not my point Smiley

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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August 04, 2011, 03:38:47 AM
 #26

Sprinters run out of breath. Only marathon runners left.

I so want to believe this is the case.  I know myself and my coin are in for the long haul.  Shit is too fun Smiley

You've got to be in it to win it!

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August 04, 2011, 04:03:01 AM
 #27

tor

if you run the entire mining operating in tor, they don't know you, and you don't know them. tor is the solution to almost any problem to do with bitcoin and anonymity, aside from trust.

Which presents it's own problems. Tor can be pretty slow. Tor can also be blocked by introducing legislation requiring legitimate Bitcoin enterprises to ignore packets from a TOR node.

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