Ok, look, so you only accumulated 14BTC and from the start told your users that you will not take responsability for the money you collected from them.
You refused to take the bare minimum of security measures which is cold storage.
14 BTC over a course of two years is not a lot for an online wallet. Most users didn't hold their money on BTCTip, because they were fully warned it was not guaranteed to be secure.
I refused to take those security measures because they would have required a very large commitment of my time and/or money, and I was not interested in taking on a large project. As I explained in the notice, the choice was between launching the site as it was, or not launching anything.
If you have any stats, you will notice that never ever did your bot need to touch more than 10% of its respective peak funds, so sending 90% to cold storage is not only a trivial change of 3 lines of code, it is therefore also an obligation to any bitcoin business like yours.
If I had known there was a cold storage system that be could be implemented just by adding three lines of code, I would have done it, but from what I understand, it's much more involved in that. It also requires manually accessing the offline wallet every time the hot wallet is depleted, and transferring the coins over. I assume it would be more than three lines of code to handle the two separate wallets, and automatically shut off withdrawals when the hot wallet is depleted.
Maybe you are aware of some very easy way to implement it, but I am not. It's not reasonable to assume someone is a defrauding others because they don't do what you would have done.
If your users don't get compensated, you did more harm than good as all those who got messages reading "you received money" actually did not receive money at all.
Most of the deposits lost in the hack were BTC that had been stored on the site for a very long time. Anyone who wanted to ensure their tip wasn't lost could have easily withdrawn soon after receiving it. Leaving it on the site for months means they were aware of the risk it could be lost in a hack, and that they accepted the risk.
Launching the site did much more good than harm, because it helped tens of thousands of people, at minimum, learn about Bitcoin, beginning in 2012, when the technology was less well known. It also propagated the idea of social tipping, and could have inspired the creation of the Bitcointip bot on Reddit. Many of the new people brought into the Bitcoin community because they saw a Bitcoin tip on Twitter have undoubtedly gone on to create their own services, meaning the ripple effect of launching the tipping service is immense.
I still find it shocking how you can take it so lightly stealing $8800US from thousands of people.
You're mischaracterizing my reaction to demonize me.
Your claim that you were obviously not involved in the event you call a hack due to 14BTC not being worth all the hassle you went through is also quite halfhearted. Maybe you are just a stupid scammer who failed to do what pirateat40 did? But the pattern is the same: influx - withdraws = 0 -> cash out.
I would have to be an extremely stupid scammer to run a site for two years, spend countless hours updating it to stay compatible with the Twitter API, warn users to not store their BTC on my site, and come out of it with less than 14 BTC. I would not have been able to launch a Bitcoin-based service if I were that stupid. Your theory is ridiculous.
I find it likely that your balance stalled around now, as a price rally usually is where people care about their bitcoins and might bother moving them out.
That's not what happened. As I explained in the notice, I was notified that withdrawals weren't being processed on March 20th. I discovered the March 12th hack at that time, and immediately shut down the service. Here is the Tweet where I announce the shutdown:https://twitter.com/btctip/status/446725764289789952
I don't have any proof of this and basically only play advocatus diaboli but if I had lost BTC to you I would go after you.
That's because you're a prick. Every user was warned that the site was not guaranteed to be secure. If you had stored your BTC on the site, and it had been lost in the hack, you would have no grounds for holding me responsible for your decision.