smoothie
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LEALANA Bitcoin Grim Reaper
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July 21, 2012, 04:19:59 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you?
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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cypherdoc
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Activity: 1764
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July 21, 2012, 04:20:51 AM |
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seriously though. does anyone see a way of successfully recovering from this? u can't just rollback bitcoins.
what evidence is there that a hacker has stolen coins?
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Bjork
Sr. Member
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Look for the bear necessities!!
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July 21, 2012, 04:21:48 AM |
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At first I was pretty mad that I sold right before that millionaire bought in
But now I'm glad I did because I think Kentrolla is probably right, BTC will at least momentarily dip quite a bit because of this
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smoothie
Legendary
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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July 21, 2012, 04:21:51 AM |
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seriously though. does anyone see a way of successfully recovering from this? u can't just rollback bitcoins.
what evidence is there that a hacker has stolen coins? He think because he withdrew coins that were tied up in a sell order that he has actually "gained" something...i dunno what he's talking about...
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,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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kentrolla
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July 21, 2012, 04:21:55 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that?
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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smoothie
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Activity: 2492
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LEALANA Bitcoin Grim Reaper
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July 21, 2012, 04:22:26 AM |
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At first I was pretty mad that I sold right before that millionaire bought in
But now I'm glad I did because I think Kentrolla is probably right, BTC will at least momentarily dip quite a bit because of this
Good thing all I had was fiat then...
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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July 21, 2012, 04:23:16 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you...
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,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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cypherdoc
Legendary
Offline
Activity: 1764
Merit: 1002
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July 21, 2012, 04:23:19 AM |
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as long as no coins were stolen i doubt there will be any effect. a similar event happened last Spring when for about 8h Gox was shut down from a DoS attack. no problem.
edit: actually i think Gox was down for about 2 days from that DoS attack.
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John (John K.)
Global Troll-buster and
Legendary
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Activity: 1288
Merit: 1227
Away on an extended break
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July 21, 2012, 04:24:35 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? Lol, has the order pass through yet? I can 'sell' 1000 BTC although my account has 0 BTC now. Gox has frozen everything I'd wager.
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kentrolla
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July 21, 2012, 04:25:04 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it?
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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July 21, 2012, 04:26:07 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? so it didn't actually happen and you're just spreading FUD.
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Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
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July 21, 2012, 04:26:24 AM |
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So who is signing up for an Intersango acc now? Do they take gox codes i wonder?..
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zvs
Legendary
Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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July 21, 2012, 04:26:37 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? how could you? did sell orders already in place get processed and you kept your coins? i dunno, i didnt realize it was locked up when i placed my sell. so, it didnt go thru anyway.
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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July 21, 2012, 04:26:40 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? How would you "make" 200 btc? I still don't get it......wtf?
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,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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July 21, 2012, 04:29:11 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? so it didn't actually happen and you're just spreading FUD. +1
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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July 21, 2012, 04:30:16 AM |
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This sort of thing has happened before, IIRC. It didn't seem like it was a big deal to sort out and fix.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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kentrolla
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July 21, 2012, 04:30:22 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? How would you "make" 200 btc? I still don't get it......wtf? If no one was able to buy/sell during the malfunction they could just rollback to what it was like before it froze up. I was thinking that some people still got their orders filled during the whole mess. I'm now speculating that no one was able to buy/sell from mtgox at the time. At least i hope so. otherwise a rollback would not be an option
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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sadpandatech
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July 21, 2012, 04:30:30 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? if you withdrew coins to your wallet then they were NOT actually 'tied' up in a transaction. If you have a buy or sell that actually gets executed in the order book that's it. no take backs... That is one thing that Gox thus far has not had any issues with. And I highly doubt it is the case now. Likely scenario is, HUGE ass order got executed, the book steps through all available orders and pauses any pending ones as it works through it. Meaning, if you put in an order while this was happening, no matter whether it displayed pending or not on your screen then nothing actually happened with your funds. Seeing a change on your screen does not = a change in the book that is actually executing orders.
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If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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cypherdoc
Legendary
Offline
Activity: 1764
Merit: 1002
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July 21, 2012, 04:33:08 AM |
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so how would they recover from this? their site still lets people withdraw bitcoins. and bitcoin transactions are irreversible. so what do they do? they can't just do a rollback.
They could easily look at your withdrawal history and then take your account that much bitcoins...simple accounting... what if you never plan on using that account again? So you withdrew coins that were tied up in an order right? Say a sell order... They will just not give you your fiat that got converted...how is there any gain there for you? if you withdrew coins to your wallet how would they reverse that transaction? they would just have an account that has -200btc on it? who would use that? They wouldnt reverse it. You wouldn't get anything else but the coins that you had in the first place....i'm still not following you... no, say you made 200btc off of this chaos. then withdrew it to your wallet. what could they do about it? How would you "make" 200 btc? I still don't get it......wtf? If no one was able to buy/sell during the malfunction they could just rollback to what it was like before it froze up. I was thinking that some people still got their orders filled during the whole mess. I'm now speculating that no one was able to buy/sell from mtgox at the time. At least i hope so. otherwise a rollback would not be an option now is not the time to speculate or spread FUD. this has happened before as i said above. let's wait for Tux to give us an explanation. i might head over to IRC to see if he's over there.
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zvs
Legendary
Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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July 21, 2012, 04:33:30 AM |
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