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Author Topic: In light of our recent hackings...  (Read 2777 times)
Anonymous
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October 08, 2011, 11:32:46 PM
 #1

http://www.youtube.com/watch?v=sDffgHUuHd4

...is it really all a coincidence?
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October 08, 2011, 11:54:28 PM
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I didn't even realize until this post, you have hair again. Smiley
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October 08, 2011, 11:59:53 PM
 #3



Most anything is possible.

I like this guy on /r/Bitcoin who promotes the RoBoTs theory pretty heavily http://www.reddit.com/user/porkchips , which has the goal to eliminate exchanges.

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October 09, 2011, 12:08:21 AM
 #4

Atlas, your sincerity is... admirable? Anyway, yes, I've also suspected as much. I don't think it has to be any huge conspiracy. $100 M is pocket change to any entity mildly threatened by bitcoin. The US government (for example) has a precedent for manipulating markets orders of orders of magnitude greater than bitcoin. But it could be little guys like paypal, dwolla, visa or sure kiddies for the lulz.

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October 09, 2011, 12:19:56 AM
 #5

You should put the web cam at eye level because with you looking down like that you come across as a bit... crazy. Not saying you are but it reminds me of some movie I can't quite place now.

I doubt the govt would bother with hacking sites like this. They might manipulate the market, sure, like a toy really.

But I think the reason the sites get hacked is because there is a combination of inexperienced upstart coders along with strong incentive. Most small sites don't get hacked because there isn't much to gain. But throw some untraceable money into the mix and suddenly it's very attractive to spend your free time attacking poorly secured sites. What this really shows is that most web sites have holes but they go unnoticed due to lack of incentive.

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October 09, 2011, 12:29:09 AM
 #6

whoever it is, if the value 1000-folds, the incentive to hack does so, too so there doesn't need to be a bilderberg somewhat to go for it. the reward is within the hack.
nice thing is that bitcoin itself didn't get hacked so far. maybe bitcoin will drive the quantum computer research by undercover scientist institutions in a world that has one common currency, the bitcoin Wink

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October 09, 2011, 12:36:08 AM
 #7

President Reagan's 1988 Executive Order 12631 established the Working Group on Financial Markets

I buy the USD protection theory. I believe for example that Strauss-Kahn, MD of the IMF was arrested this summer in New York to prevent the SDR from replacing UST. And I believe if bitcoin became the ideal hedge against inflation a few governments would actively tank it.

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October 09, 2011, 12:44:59 AM
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President Reagan's 1988 Executive Order 12631 established the Working Group on Financial Markets

I buy the USD protection theory. I believe for example that Strauss-Kahn, MD of the IMF was arrested this summer in New York to prevent the SDR from replacing UST. And I believe if bitcoin became the ideal hedge against inflation a few governments would actively tank it.
And the BJB of the GHT caught the FRE red handed shutting down the BYT and the HUG. SHT!

Actually I got all your acronyms except the SDR and UST... what are they? THX.

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October 09, 2011, 12:54:11 AM
 #9

GIYF

https://www.google.com/search?q=strauss-kahn+dollar+sdr

DSK = Dominique Gaston André Strauss-Kahn
IMF = International Monetary Fund
MD = Managing Director (or CEO)
PPT = Plunge Protection Team
SDR = Special Drawing Rights
USD = United States Dollar
UST = United States Treasury bonds

Anything else you couldn't have looked up yourself?

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October 09, 2011, 01:08:28 AM
 #10

Ah, should have guessed but then I'm not the one trying to communicate a message.
79 meanings for SDR alone.
I was going to go with "Surface Duct Receiver" but it just didn't seem quite right.
Nor "Strange Dave Rosenberg"...  Wink

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October 09, 2011, 01:19:45 AM
 #11

That's funny. It comes up as the first two hits on Google. Throw IMF, DSK, or USD in the mix and you're guaranteed to hit the bullseye.

Sarcasm aside, the dots aren't difficult to connect, and the picture drawn is compelling. Choose any article you like.

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October 09, 2011, 01:42:14 AM
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That's funny. It comes up as the first two hits on Google. Throw IMF, DSK, or USD in the mix and you're guaranteed to hit the bullseye.

Sarcasm aside, the dots aren't difficult to connect, and the picture drawn is compelling. Choose any article you like.
I don't doubt it at all. I'm sure the PTB in USA will do anything they can to maintain their hegemony. Every time someone messes with the established monetary order curious things happen.

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October 09, 2011, 02:47:52 AM
 #13

"Do you really think there is a determined group of [hackers] out there that is really able to instigate this much damage?"

Yes.

Call 'em script kiddies all you want, they're getting shit done. Pissing them off isn't exactly what you want to do, you don't want to get into a battle of egos with someone who is driven to committing crime because of their ego. Particularly if anything ever becomes of Woolong: never underestimate the amount of time and determination someone with a little computer knowledge, lots of time, and a bruised ego can dedicate to fucking you over for little tangible benefit.

Who says they're doing it unprofitably? Flying leap of judgment there - for all you know they could be eastern european. Assuming Bitcoin7 didn't just, you know, run off with the cash themselves, someone in eastern Europe, some parts of Asia, the south pacific etc... for all these people, whatever the hell was in Bitcoin7's wallet, whatever the hell was in MyBitcoin - I guaran-damn-tee you it was not an insignificant amount of money for these people. And thanks to the magic that is Bitcoin, they'll very likely have gotten away with it scot-bloody-free too.

What part of that doesn't sound appealing to you? What part of that sounds less plausible (even if we disregard the possibility that these entities are simply building up fat wallets then running off with them because there's very little way to prove they didn't) than some "entity" that's doing this purely to trash Bitcoin?

Finally, some meta-critique: when you go to record a video, swap your chair out for one with four legs. Seriously, go read most any article on interviewing someone, and one of the first things they'll tell you is no swivel chairs. If you can swivel, you will, when you're thinking or nervous or whatever.

^_^
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October 09, 2011, 03:30:17 AM
 #14

Let's review.

The next video we want to see is you setting on a four legged chair and looking into the camera. We'll worry about the content at a later date. Let's get this now Pat, as Nixon would say.

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October 09, 2011, 04:59:47 PM
 #15

Let's review.

The next video we want to see is you setting on a four legged chair and looking into the camera. We'll worry about the content at a later date. Let's get this now Pat, as Nixon would say.

What does Pat Benatar have to do with this???
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October 09, 2011, 05:12:23 PM
 #16

It's not a coincidence - there's a strong financial incentive for criminals and apparently, ample opportunity. This is the natural consequence.


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October 09, 2011, 05:23:24 PM
 #17

Let's review.

The next video we want to see is you setting on a four legged chair and looking into the camera. We'll worry about the content at a later date. Let's get this now Pat, as Nixon would say.

What does Pat Benatar have to do with this???

Allow me to help you: Ben - a - Tar

See the relationship now?

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October 09, 2011, 06:16:46 PM
 #18

I have essentially no experience with hardware design but I gather you could make a custom sha256 ASIC for under $500K.  If that's the case, I estimate it would take less than $1M to dominate the bitcoin network's hashing power.  If I was working for a government agency trying to disrupt bitcoin, I would start there.

On the other hand, the way the MtGOX hackers drove the USD exchange rate to approximately zero did seem extremely inefficient, and a perfect way to discredit bitcoin as a secure store of value.
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October 09, 2011, 06:22:34 PM
 #19

very much agree, the script kiddies are one thing they are small time, but if you get the hardcore dark side hacking community after you... well watch out. these guys would most likely work in the  I.T security industry and are with out a doubt geniuses in their own way and super intelligent.

the ethical ones just like to mess and poke around and see how far they can go, the unethical ones will fuck you over.
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October 09, 2011, 06:49:21 PM
 #20

Do people really believe the government/controllers/bankers would give up their money monopoly without a fight?
Do people realize how important control of the money system is?

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