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Author Topic: 2014-03-05 PCWorld - Withdrawal vulnerabilities enabled Bitcoin theft  (Read 791 times)
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TheIrishman
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March 06, 2014, 08:48:57 AM
Last edit: March 06, 2014, 12:44:23 PM by TheIrishman
 #1

Withdrawal vulnerabilities enabled Bitcoin theft from Flexcoin and Poloniex

http://www.pcworld.com/article/2104940/withdrawal-vulnerabilities-enabled-bitcoin-theft-from-flexcoin-and-poloniex.html






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howardb
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March 06, 2014, 12:59:22 PM
Last edit: March 07, 2014, 02:51:39 PM by howardb
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This just re-enforces the obvious message coming out of the Mt.Gox fiasco, which is that we need regulation and we need it now! People running 'Banks' of any kind should have provable protected reserves and strict audit requirements. Until we get this, anyone keeping any significant amount of BTC at ANY third party wallet is substantially at risk, and frankly if they are stupid enough to do so (under the current lack of regulation), deserve what happens to them!
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March 06, 2014, 01:15:35 PM
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if they are stupid enough to do so, deserve what happens to them!

Indeed. So no regulation needed.

Regulators are busy, busy, busy - and any excuse will bring more of them swarming - Gox is a regulator's dream.


 
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March 06, 2014, 04:35:21 PM
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This just re-enforces the obvious message coming out of the Mt.Gox fiasco, which is that we need regulation and we need it now! People running 'Banks' of any kind should have provable protected reserves and strict audit requirements. Until we get this, anyone keeping any significant amount of BTC at ANY third party wallet is substantially at risk, and frankly if they are stupid enough to do so, deserve what happens to them!

Wow! problem, reaction, solution! Can you be a little more predictable? I only saw your kind of bullshit coming a mile away.

I'm grumpy!!
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March 06, 2014, 06:37:54 PM
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This just re-enforces the obvious message coming out of the Mt.Gox fiasco, which is that we need regulation and we need it now! People running 'Banks' of any kind should have provable protected reserves and strict audit requirements. Until we get this, anyone keeping any significant amount of BTC at ANY third party wallet is substantially at risk, and frankly if they are stupid enough to do so, deserve what happens to them!

Wow! problem, reaction, solution! Can you be a little more predictable? I only saw your kind of bullshit coming a mile away.
Must be nice to heroically prescient.
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