Bitcoin Forum
December 05, 2016, 09:00:24 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 »
  Print  
Author Topic: [Payout Updates] Bitcoinica site is taken offline for security investigation  (Read 145656 times)
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
July 16, 2012, 05:06:50 PM
 #1421

BTW, the US government actually has hard numbers that they assign to the value of a human life. The EPA currently has a statistical average value of a human life pegged between 5 and 7 million US dollars.
I think you'll find that's their perceived value of an American (i.e. USA) life.
Sadly I believe you would be correct.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
1480971624
Hero Member
*
Offline Offline

Posts: 1480971624

View Profile Personal Message (Offline)

Ignore
1480971624
Reply with quote  #2

1480971624
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480971624
Hero Member
*
Offline Offline

Posts: 1480971624

View Profile Personal Message (Offline)

Ignore
1480971624
Reply with quote  #2

1480971624
Report to moderator
HorseRider
Donator
Legendary
*
Offline Offline

Activity: 1582


View Profile
July 16, 2012, 05:26:20 PM
 #1422

hopefully that genjix has relaxed his brain at the hack conference, and come back with some acceptable plan.

I want my money back. 100% of money.  If I don't see the hope of it, I preserve my right for taking legal action.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
July 16, 2012, 07:11:57 PM
 #1423

They need to stop suing each other and get to the business of refunding the customer. I don't care how much these guys hate each other.

Aren't there laws in place in most jurisdictions where the DA goes after perpetrators when a serious infraction occurs. Remember, we're talking about a money exchange of sorts that's highly regulated. I don't see the need for anybody who lost money to get a lawyer. I do see the concerns of Bitcoinica, et al., needing legal counsel in several States to protect themselves from the respective DAs.

~Bruno~
damnek
Hero Member
*****
Offline Offline

Activity: 551



View Profile
July 16, 2012, 08:18:35 PM
 #1424

Amir wrote that he's already being sued before BadBitcoin announced anything, and that he does not know what will happen next.
This post has been deleted in the meantime, but it is being quoted here: https://bitcointalk.org/index.php?topic=93074.msg1027601#msg1027601

I have physical health problems and need to see a doctor, but haven't had the time. On the forums I'm called a scammer and repeatedly insulted. Someone is trying to sue us. My bank gave me crap and held my money. I was borrowing cash from friends and spent 3 days eating bad muesli and cheap milk. I lost a lot of code by accident. I put a lot of work into the bitcoin.org clients page to make everything fairer, and now it will be removed, helping to recentralise bitcoin again. Electrum maybe has a security flaw and Macs have random problems. The conference needs the CFP announced soon, but I have to deal with Bitcoinica first. My health is suffering and im getting headaches. Right now is the first time I'm feeling depression, and I'm a little worried because I've never had it before but my father did. I emailed a health professional and they advised me to seek help. I've started sleeping very long, being very lethargic and apathetic. When the Bitcoinica thing first happened, I was considering suicide until Tihan said he had the funds.

Ok, that's a bit scary. Someone needs to get in touch with genjix, make sure he's physically ok.

It's a bad situation, but certainly not one worth ending yourself over. This too shall pass.

first person report said he was fine at the hack a thon or what not in germany but did not want to talk about bitcoinica...

also patrick showed up in #intersango but banned me right after...

http://www.youtube.com/watch?v=EQ2rb4pHH1g

Yea he looks really depressed. Especially when he frantically laughs when he says how easy it is to steal money.

Be a voice, not an echo
ninjarobot
Hero Member
*****
Offline Offline

Activity: 755


Mine Silent, Mine Deep


View Profile
July 16, 2012, 08:29:42 PM
 #1425

Yeah what is up with that? @4:50:

Quote
For someone like me, I can st.. I can rob the bank! haha, it is SO easy for me to like - if someone is not accepting confirmations - to take.. to get things for free.

http://www.youtube.com/watch?v=EQ2rb4pHH1g#t=4m45s

Sure, I'm probably obviously taking this quote out of context but still...
repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
July 16, 2012, 08:59:25 PM
 #1426

They need to stop suing each other and get to the business of refunding the customer. I don't care how much these guys hate each other.

Aren't there laws in place in most jurisdictions where the DA goes after perpetrators when a serious infraction occurs. Remember, we're talking about a money exchange of sorts that's highly regulated. I don't see the need for anybody who lost money to get a lawyer. I do see the concerns of Bitcoinica, et al., needing legal counsel in several States to protect themselves from the respective DAs.

~Bruno~


People really need to check with legal advisors in their own jurisdictions.  In mine, the regulators who oversee financial service providers do not assist with debt recovery.  They fine the wrong-doers (and may revoke their licence if they're licensed).  The fact of an entity having been sanctioned can then be used as the basis of a civil action.

Public prosecutors could become involved if there is sufficient evidence of criminal activity, but that's a separate area of law than either creditors taking legal action for the recovery of funds or regulators imposing sanctions.  If there is a criminal investigation, it's likely that all assets will be frozen until that investigation is complete.  If there's a civil action commenced, it's likely that one of the first motions filed will be for an injunction which prevents Bitcoinica touching the remaining assets for any purpose until the matter is determined.  People could take individual actions, but any payments made could be subject to claw back if and when Bitcoinica becomes formally insolvent (if you can't pay everyone, you can't legally give one unsecured creditor priority over others).

By far the quickest way for people to get the available funds returned to them is voluntary or involuntary liquidation of Bitcoinica.  This ensures that the estate is distributed according to law and the process is overseen by a court.  It can be a lengthy process (3-6 months), but not in the same ball park as class actions.  It's advantageous in that from the moment the liquidation process starts the assets are no longer under the control of the company principals.  Liquidators can look for third party investors to bail the company out (in practice, rather than actively looking they will consider offer which would benefit those owed money) or allow the company to trade out of trouble if they believe that this would result in a greater return in a reasonable amount of time.

Insolvency proceedings don't prevent users from exploring other avenues of redress.

Perhaps there should be a "find the Bitcoinica hacker" challenge issued at DEF CON.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
fivebells
Sr. Member
****
Offline Offline

Activity: 462


View Profile
July 16, 2012, 09:57:47 PM
 #1427

Yeah what is up with that?  Sure, I'm probably taking this quote out of context but still...

What is up is that you are (obviously) taking it out of context.
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
July 16, 2012, 10:24:29 PM
 #1428

Yeah what is up with that?  Sure, I'm probably taking this quote out of context but still...

What is up is that you are (obviously) taking it out of context.

I'll +1 this, but with a caveat: Words mean things! When Mad Max espoused this famous Jews commit while in a drunken state of mind, we did learn, albeit later, that that were his true feelings. Same goes for any person claiming to not be racist, but is caught using the N-word in context. I watched the video, and am here to say that I'm not too sure if what was said is out of context.

~Bruno~
HorseRider
Donator
Legendary
*
Offline Offline

Activity: 1582


View Profile
July 17, 2012, 06:20:28 AM
 #1429

hopefully that genjix has relaxed his brain at the hack conference, and come back with some acceptable plan.

I want my money back. 100% of money.  If I don't see the hope of it, I preserve my right for taking legal action.

I look forward to your soon to be public apology Wink

I will be like to do so.

But the bitcoin is in a fast rally. Have you covered the exposure?

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
muyuu
Donator
Legendary
*
Offline Offline

Activity: 924



View Profile
July 17, 2012, 08:35:29 AM
 #1430

I fully expect BTC to break 9 US$ now people are officially going to be forced to take a 30-40% cut.

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1624



View Profile WWW
July 17, 2012, 08:38:49 AM
 #1431

I fully expect BTC to break 9 US$ now people are officially going to be forced to take a 30-40% cut.
Whether you're posting in the wrong thread or you're not funny at all.
muyuu
Donator
Legendary
*
Offline Offline

Activity: 924



View Profile
July 17, 2012, 08:50:13 AM
 #1432

I fully expect BTC to break 9 US$ now people are officially going to be forced to take a 30-40% cut.
Whether you're posting in the wrong thread or you're not funny at all.

Ooops sorry. It was actually for the rally thread.

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
norulezapply
Sr. Member
****
Offline Offline

Activity: 475


View Profile
July 17, 2012, 11:17:01 AM
 #1433

This whole situation is horrible, but it's not worth somebody's life.

You and I have differing opinions.  Several hundred thousand dollars is certainly worth more than a person's life. 
Murderous fucktard alert

+1 to rjk's comment

If my post helped, I'll happily accept a few bitmills!   15rGg6A1JFZV3b7TTbtpAaiYGdUD1e1oAm
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504



View Profile
July 17, 2012, 07:05:37 PM
 #1434

Sigh.

All that delay to make sure that no fake claims got through, and in the meantime we lose another 30%.

Can I just have my remaining 70% back?  We'll call it quits?  I really don't want my money in Bitcoinica's hands any longer, I don't trust you to look after it in the slightest.

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
kokjo
Legendary
*
Offline Offline

Activity: 1050

You are WRONG!


View Profile
July 17, 2012, 07:14:55 PM
 #1435

maybe it would be eaiser to just hack bitcoinica again, then trying to get our money back by asking nicely...

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
davout
Legendary
*
Offline Offline

Activity: 1358


1davout


View Profile WWW
July 17, 2012, 07:56:06 PM
 #1436

maybe it would be eaiser to just hack bitcoinica again, then trying to get our money back by asking nicely...
LOL

superfastkyle
Sr. Member
****
Offline Offline

Activity: 437


View Profile
July 17, 2012, 08:47:51 PM
 #1437

well they won't call the cops so what do you have to lose?

maybe it would be eaiser to just hack bitcoinica again, then trying to get our money back by asking nicely...
guruvan
Hero Member
*****
Offline Offline

Activity: 518

ShastaFarEye Prospectors mazaclub & mazacha.in


View Profile WWW
July 18, 2012, 02:45:40 PM
 #1438

maybe it would be eaiser to just hack bitcoinica again, then trying to get our money back by asking nicely...

The odds that we could hack it before another bitcoinica team member steals the rest of the funds are pretty slim.

well they won't call the cops so what do you have to lose?

Have you ever met thieves that call the cops on themselves?

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
Ichthyo
Hero Member
*****
Offline Offline

Activity: 602


View Profile
July 21, 2012, 11:55:45 AM
 #1439

Have you ever met thieves that call the cops on themselves?

of course. This is called covering tracks. Everyone seriously into business criminality is doing it just that way. Unless they're really professional, which means that the fact a theft happened as such is obscured.


<rant>
This again shows how retarded your logic and judgement of facts is.
I mean YOU and all the other conspriracy theory morons in this forum.

You indeed judge happenings in the real world by the standards of a Hollywood movie.


There may be lots of other good or bad reasons for not involving the police.
In any business, and still the more in a small startup company.

Never ever heared of occams razor?
</rant>
Ichthyo
Hero Member
*****
Offline Offline

Activity: 602


View Profile
July 21, 2012, 12:03:32 PM
 #1440

seriously, the much more relevant question would be: are the lawyers allready working on that case?
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!