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Author Topic: every exchange will be hacked?  (Read 2835 times)
Beliathon
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April 09, 2014, 05:49:15 AM
 #21

You could just use an exchange which never holds a single satoshi belonging to users.  Kinda hard to steal (or "steal") what isn't there.
You could also just pool all the money in the world into one public address that we all used together.

Teach a culture of humility and compassion to our children, end the dog-eat-dog wage-slave ratrace bullshit of capitalism. The end of empires. Of poverty and war. And borders.

Be honest with the next generation about how badly we've mismanaged this project called "Earth", and they just might be able to fix it.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
jonald_fyookball
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April 09, 2014, 05:50:15 AM
 #22

You could just use an exchange which never holds a single satoshi belonging to users.  Kinda hard to steal (or "steal") what isn't there.

There's a reason today's exchanges are off the blockchain. They talked about it today on the CoinSummit. I'm not saying that an exchange that works on the blockchain is impossible, but it would be quite a complicated thing to pull off, and fita holdning would still be subject to fractional banking — Just like was the case with MtGox! (They blaimed fiat delays on the banks but in reality were probably using other customer's funds to fill Bitcoin withdrawals)

I guess I should be less subtle.  BitSimple never hold any customer bitcoins.  Your coins stay in your wallet, under your control, where they belong IMHO.

It is cool that you run a bitcoin brokerage and are also active on the forum.  I appreciate your posts.

Sage
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April 09, 2014, 06:26:40 AM
 #23

...Every exchange but the coming decentralized exchanges.

Because users hold the private keys a hack on a decentralized exchange is impossible.

In the meantime there's no reason central exchanges could not architect their system with multi-sig wallets... making a hack on them impossible too.

(For every problem there is a solution!)
ljudotina
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April 09, 2014, 06:29:21 AM
 #24

Open source exchanges will help with security too.

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April 09, 2014, 07:41:38 AM
 #25

Open source exchanges will help with security too.

Actually, this is a two edged sword. If you open up your code, you get peer reviews which is good, but you also give away in explicit detail how everything works including any vulnerabilities which are likely to get spotted first by hackers.
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April 09, 2014, 08:29:05 AM
 #26

mtgox, coinex.pw, vircurex, cryptorush  Embarrassed
Whats next? Cry

No, I do not believe every exchange will be hacked.
The ones with the best security will win (long-term) in a free-market.

phm
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April 09, 2014, 08:48:15 AM
 #27

mtgox, coinex.pw, vircurex, cryptorush  Embarrassed
Whats next? Cry

No, I do not believe every exchange will be hacked.
The ones with the best security will win (long-term) in a free-market.

Bitcurex has been recently hacked too, also c-cex and poloniex. Many exchanges have ridiculous security level on launch. I remember one that kept sending me funds for every page reload during withdrawal. I didn't even notice it (kept reloading because I was getting some timeout errors or sth), only later I found about it when the owner contacted me, so I returned the funds.

escrowguy (OP)
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April 09, 2014, 08:28:40 PM
 #28

I found this when I searched for the new heartbleed bug
http://pastebin.com/Zaaun8kz
Hope It's not true.  Shocked
I sent him an email to show me proof. If he response i will post it.

Smiley
escrowguy (OP)
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April 09, 2014, 10:02:32 PM
 #29

looks like legit  Undecided
https://i.imgur.com/qzv3OK7.jpg
https://i.imgur.com/sDu3Rcd.jpg

Smiley
escrowguy (OP)
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April 10, 2014, 06:23:32 AM
 #30

I think its a big news (or a big scam Cheesy), but nobody replyed. Should I make a new topic for this? Bitstamp was really vulnerable for heartbleed bug?

Smiley
Monetizer
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April 10, 2014, 06:28:35 AM
 #31

I found this when I searched for the new heartbleed bug
http://pastebin.com/Zaaun8kz
Hope It's not true.  Shocked

That better not be true... Anyone got 1 BTC to spare? xD
Bad news if that is true for sure.
escrowguy (OP)
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April 10, 2014, 08:56:18 AM
 #32

I found this when I searched for the new heartbleed bug
http://pastebin.com/Zaaun8kz
Hope It's not true.  Shocked

That better not be true... Anyone got 1 BTC to spare? xD
Bad news if that is true for sure.
changed my password on bitstamp for sure

Smiley
zolace
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April 10, 2014, 09:10:25 AM
 #33

What has been proven is that Bitcoin trading sites can be hacked.  
 There is more than one way a hacker could benefit. A hacker working for a government could steal the coins just to make them less desirable to own or trade in. Such a hacker’s motivation would be to eliminate digital currencies as viable. Numerous central banks and governments are so motivated (China?).A group who borrowed Bitcoin or shorted Bitcoin could profit from a hack as they repay their loans in cheaper Bitcoin. A hacker assisted carry trade.Finally there is the classic motivation to steal and turn your stolen Bitcoin in to paper currencies or other easily moved assets. 

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b!z
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April 10, 2014, 09:37:21 AM
 #34

I found this when I searched for the new heartbleed bug
http://pastebin.com/Zaaun8kz
Hope It's not true.  Shocked

Let's send $500 to some anonymous guy who posted a pastebin, great idea!
billysweird
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April 10, 2014, 12:16:39 PM
 #35

I think every exchange will become the next one, sooner or later!
escrowguy (OP)
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April 10, 2014, 08:16:26 PM
 #36

I found this when I searched for the new heartbleed bug
http://pastebin.com/Zaaun8kz
Hope It's not true.  Shocked

Let's send $500 to some anonymous guy who posted a pastebin, great idea!
I will write an email to every email address from the short leak. I will show them all the informations (ip phone numbers, name etc.) what are included in the leak, if they said this is legit the pastebin is also legit.

Smiley
jonald_fyookball
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April 10, 2014, 09:23:37 PM
 #37

You could just use an exchange which never holds a single satoshi belonging to users.  Kinda hard to steal (or "steal") what isn't there.
You could also just pool all the money in the world into one public address that we all used together.

Teach a culture of humility and compassion to our children, end the dog-eat-dog wage-slave ratrace bullshit of capitalism. The end of empires. Of poverty and war. And borders.

Be honest with the next generation about how badly we've mismanaged this project called "Earth", and they just might be able to fix it.


That's called communism.  It's been tried and it generally has failed.

This is a mistake of mixing levels.

Humility and compassion are powerful spiritual principles,
however those principles are not mutually exclusive
with value-creation and business dynamics.

Most of the things that make life comfortable and enjoyable
are the results of competitive business and mass marketing.
(Even homeless people in America today are enjoying
their mobile devices.)

That didn't happen by accident.  It happened as a result of
people and companies wanting to make money by
creating products and services that other people
are willing to pay for in the marketplace.

Communist societies have failed because people
were de-incentived to work hard, rather than
being rewarded for hard work in creating wealth and jobs.

The solution is not putting all wealth in one account.
People are too greedy and selfish for that to work right now.
Perhaps in another eon, when we all have all evolved
spiritually.  

The "ratrace" dynamics are not
the result of capitalism because capitalism doesn't
exist anymore.  Instead, in America, we have corporatism,
which combines some free market dynamics with
a lot of beuracracy, regulation, and political cronyism.

This is essentially fascism.  Fascism and communism
are two sides of the same coin....ultimately both relying
on force and coercion against innocent value producers.

The deepest layer of exploitation comes from the money
system itself.  As Thomas Jefferson famously said:  "I believe that
banking institutions are more dangerous to our liberties than standing armies."

It is therefore in Bitcoin that lies society's greatest hope
of evolving to the next level of freedom.


DarkComet
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April 10, 2014, 09:24:36 PM
 #38

Blockchain's next, hurrhurr
allthingsluxury
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April 10, 2014, 09:27:52 PM
 #39

Every exchange undoubtedly is going to have an attempt at hacking it. I don't know if every exchange WILL be hacked although.

escrowguy (OP)
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April 12, 2014, 06:21:48 AM
 #40

I found this when I searched for the new heartbleed bug
http://pastebin.com/Zaaun8kz
Hope It's not true.  Shocked

Let's send $500 to some anonymous guy who posted a pastebin, great idea!
I will write an email to every email address from the short leak. I will show them all the informations (ip phone numbers, name etc.) what are included in the leak, if they said this is legit the pastebin is also legit.
they not response a day ago maybe they think its a phishing action Cheesy. I suggest password change for everybody.

Smiley
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