Coinfire Bitstamp update

[OhShei8e]

There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?

I went all the way down with Gox and believed and told such things. Stupid me. Today I wish I would have respected the warning signs. To late now. Gone.

I can not say much about Bitstamp. When I started they were out of the question. No hardware token, no API keys but clear text passwords in times of Heartbleed and a nearly empty order book.

After Gox they have grown and improved. But just like Gox they have peaked. They are much smaller than Gox. I think they have lost 15% of their coins or so now.
This is dangerous. As a customer I would use the next best opportunity and knocking off there. They have only 6% of the market. Nobody cares two hoots about it.
Today things are happening in China. Mining, Trading and maybe more. I don't know. I've given up trading on exchanges. For me, the past.

Professional traders (I'm not) can use CFDs today. No need for them to take the risk on an exchange. Fonds manager, if there are any, will give up Bitstamp. That should be quite clear.

Just my two cents on this.

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[mayax]

There was some user who was saying similar reassuring things about Mt. Gox all the way up to the bankruptcy. Who was that, and where are they now?

I went all the way down with Gox and believed and told such things. Stupid me. Today I wish I would have respected the warning signs. To late now. Gone.

I can not say much about Bitstamp. When I started they were out of the question. No hardware token, no API keys but clear text passwords in times of Heartbleed and a nearly empty order book.

After Gox they have grown and improved. But just like Gox they have peaked. They are much smaller than Gox. I think they have lost 15% of their coins or so now.
This is dangerous. As a customer I would use the next best opportunity and knocking off there. They have only 6% of the market. Nobody cares two hoots about it.
Today things are happening in China. Mining, Trading and maybe more. I don't know. I've given up trading on exchanges. For me, the past.

Professional traders (I'm not) can use CFDs today. No need for them to take the risk on an exchange. Fonds manager, if there are any, will give up Bitstamp. That should be quite clear.

Just my two cents on this.

The chineses data are fake. http://www.coindesk.com/reality-chinese-trading-volumes/

Also, 50% from all the Bitcoin transctions are fake :
 https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

Everything is a bubble, a manipulating market and a few people are earning a lot. the rest of them are losing money.

[OhShei8e]

The chineses data are fake. http://www.coindesk.com/reality-chinese-trading-volumes/

Also, 50% from all the Bitcoin transctions are fake :
 https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

Everything is a bubble, a manipulating market and a few people are earning a lot. the rest of them are losing money.

Yes, and youself give a good example by frighten us with old news. 

http://bitcoincharts.com/charts/volumepie/

Huobi, OKCoin and BTCChina are chinese traders. Bitfinex are Hong Kong-based.

That's not all fake. They control a large part of the market. Mining now takes place in China on a large scale.

Bitstamp has 6% of the market and keeps as well 130,000 BTC.

[Inotanewbie]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

[mayax]

The chineses data are fake. http://www.coindesk.com/reality-chinese-trading-volumes/

Also, 50% from all the Bitcoin transctions are fake :
 https://www.cryptocoinsnews.com/fake-transaction-chains-double-2014-bitcoin-volume/

Everything is a bubble, a manipulating market and a few people are earning a lot. the rest of them are losing money.

Yes, and youself give a good example by frighten us with old news.  

http://bitcoincharts.com/charts/volumepie/

Huobi, OKCoin and BTCChina are chinese traders. Bitfinex are Hong Kong-based.

That's not all fake. They control a large part of the market. Mining now takes place in China on a large scale.

Bitstamp has 6% of the market and keeps as well 130,000 BTC.

Who knows what share Bitstamp or other exchanger has? The datas are fake. The chineses are doing that on a large scale.Huobi, OKCoin , LakeBTC, BTCChina. All of them have fake transactions....around of 1/10.

 So, if they claim to have 1000 transactions, they actually have 100.

Yes, it is scary but it is the pure truth about these exchangers.
so, do you believe everything you are served.

[QuestionAuthority]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

[mayax]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

[QuestionAuthority]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

If they do open it will be to the worst bank run in the history of Bitcoin. 

[ChuckBuck]

Looks like Bitstamp will be re-deployed either tomorrow or Friday pending testing:

https://twitter.com/nejc_kodric/status/552615256452001792



Let's hope they take their time on this matter, thoroughly test everything, double check all security measures etc.

Can't afford for this to happen again.

[tzortz]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

If they do open it will be to the worst bank run in the history of Bitcoin.  

Hold on, elections are coming to Greece in a couple of weeks.

[validium]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

If they do open it will be to the worst bank run in the history of Bitcoin.  

Hold on, elections are coming to Greece in a couple of weeks.

What do elections in Greece have to do with the bitstamp hack?

[locopao]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

If they do open it will be to the worst bank run in the history of Bitcoin.  

Hold on, elections are coming to Greece in a couple of weeks.

What do elections in Greece have to do with the bitstamp hack?

he is probably talking about the "Grexit" scenario in case the left wing "SYRIZA" wins. In that case it's possible that greece exits euro and return to drachmas. So there will be a general european economic instability. That's what every economic analysts say.

[mayax]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

If they do open it will be to the worst bank run in the history of Bitcoin. 

they lost most of their clients trust. they will reopen to close.

[Parazyd]

Stop comparing it to MtGox. That just shows, that you guys have no idea, what you are talking about.
I am not 100% sure, but there is no evidence that would suggest, that customers will have to pay for that incident.

In business the customers always pay eventually. When I was operating my business and my electric rate went up or delivery costs went up my prices went up. That's the nature of business and why a McDonalds hamburger isn't still 15 cents.

In your case, it was your future customers that ended up needing to pay higher prices. They were also notified of such changes ahead of time.

In the case of stamp it will be their existing customers that will pay the piper

Ok, so? Someone has to pay and in business it's always the customer.

yes, the customers will pay the price for trusting the Bitstamp's platform.
I am very curious to see if they will really open tomorrow IF not, a big fiasco will begin.

It will be MtGox 2 or reloaded(as you prefer)

If they do open it will be to the worst bank run in the history of Bitcoin. 

they lost most of their clients trust. they will reopen to close.

Not necessarily. If they manage to issue a full refund to users, there's not so much trouble. I agree, they have lost users' trust, but I don't see it destroying the exchange completely. It's still the largest non-asian exchange out there.

[cisahasa]

who the fuck is sending more money to Bitstamp Hack wallet?

Total Received    18,966.30972286 BTC    
Final Balance    80.79601119 BTC

[mayax]

who the fuck is sending more money to Bitstamp Hack wallet?

the stupids. there are SO MANY.

someone just sent 70 BTC = 22K  hahahaha

it is SO fishy

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf

[cisahasa]

must be a joke..

[mayax]

must be a joke..

a joke of 22,000 USD ?

[cisahasa]

must be a joke..

a joke of 22,000 USD ?

hacker moving those for fun or stealing more?

[Parazyd]

must be a joke..

a joke of 22,000 USD ?

hacker moving those for fun or stealing more?

Hardly stealing more. It's probably the same coins, being thrown around.
I don't think Bitstamp would leave their hot wallet automation on after the hack.