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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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fonzie
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January 05, 2015, 10:49:45 AM |
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True. Stolen coins will be dumped immediately on Huobi, China and BTC-E within the next hours.
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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coinits
Legendary
 Offline
Activity: 1582
Merit: 1019
011110000110110101110010
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January 05, 2015, 10:55:18 AM |
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Bitcoin is not hackable with the private key kept private.
Exchanges are hackable because of poor security and/or shitty passwords.
See where the weak link is?
When you send your stash to an exchange you risk losing it all. That is why Smart Contracts and Automated Transactions have been born. It will eliminate all exchanges once this goes mainstream.
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Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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JamesBrown
Member
Offline
Activity: 98
Merit: 10
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January 05, 2015, 10:56:41 AM |
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Bitcoin is not hackable with the private key kept private.
Exchanges are hackable because of poor security and/or shitty passwords.
See where the weak link is?
When you send your stash to an exchange you risk losing it all. That is why Smart Contracts and Automated Transactions have been born. It will eliminate all exchanges once this goes mainstream.
and what do we do meanwhile? Short with a target of 220$? |
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sandykho47
Sr. Member
Offline
Activity: 252
Merit: 251
Knowledge its everything
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January 05, 2015, 10:59:38 AM |
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Isn't that address is bitstamp cold wallet They said they already moved all customer bitcoin to their cold wallet Hope what i heard is true  |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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awais3344_1 (OP)
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January 05, 2015, 10:59:44 AM |
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Bitcoin is not hackable with the private key kept private.
Exchanges are hackable because of poor security and/or shitty passwords.
See where the weak link is?
When you send your stash to an exchange you risk losing it all. That is why Smart Contracts and Automated Transactions have been born. It will eliminate all exchanges once this goes mainstream.
bitcoin itself is not hackable of course. but if the scams keep happening and criminals get hands on all of the free money. Then bitcoin will go no where. And also the exchanges that handle so much money should be careful. While they don't give a fuck because this community as a whole is careless, And only runs to exchanges to short their btc. And do nothing about the issues. |
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ronald98
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January 05, 2015, 11:00:21 AM |
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True. Stolen coins will be dumped immediately on Huobi, China and BTC-E within the next hours.
Wouldn't that give the hacker away? Do the exchanges apart from BTC-E require KYC documents? They might have to report big transactions like someone dumping thousands of bitcoins. |
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shirkan
Member
Offline
Activity: 106
Merit: 10
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January 05, 2015, 11:01:25 AM |
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well, at least this explains the recent price drop! Therefore, no need to panic...watch the market and come out on top It does not really matter whether you short now or buy now. The price will apparently drop further and pop back up once the bitstamp issue is resolved. Keep cool |
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coinits
Legendary
Offline
Activity: 1582
Merit: 1019
011110000110110101110010
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January 05, 2015, 11:02:56 AM |
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True. Stolen coins will be dumped immediately on Huobi, China and BTC-E within the next hours.
Wouldn't that give the hacker away? Do the exchanges apart from BTC-E require KYC documents? They might have to report big transactions like someone dumping thousands of bitcoins. KYC must be used where fiat trades are involved. |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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awais3344_1 (OP)
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January 05, 2015, 11:22:42 AM |
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so they sent the funds to cold storage. And there is no issue I am hoping. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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January 05, 2015, 11:24:46 AM |
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so they sent the funds to cold storage. And there is no issue I am hoping. the question here is whose cold storage is that. |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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January 05, 2015, 11:34:28 AM |
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so they sent the funds to cold storage. And there is no issue I am hoping. the question here is whose cold storage is that. They stopped with deposits 3h before last transaction... doesnt mean anything really, because someone could have sent his coins to the stamp's hacked hot wallet addresses. in fact, I will send 1 satoshie to my old stamp address right about now just for fun. |
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caga
Full Member
Offline
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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January 05, 2015, 11:36:43 AM |
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Just saw the bitstamp being closed part . I don't think anything has been stolen . 18000 is a large amount, if hacked, but I think, its probably them moving around coins for safe keeping incase hacking attempt gets serious. |
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HarmonLi
Sr. Member
Offline
Activity: 350
Merit: 250
Honest 80s business!
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January 05, 2015, 11:39:15 AM |
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Well, I'm fairly certain that Bitstamp holds more than 18k BTC of their customers. That being said, there's no reason to panic as of now. Compromised can mean anything. And even in case of a downright theft of coins from the hot wallet, this doesn't mean that they have lost so many Bitcoins, they won't be able to reimburse their customers.
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batou
Jr. Member
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Activity: 52
Merit: 1
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January 05, 2015, 11:42:45 AM |
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Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves.
This corresponds well with timestamp of last transactions for 18k address, so this seems to be Bitstamp cold storage. |
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galdur
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January 05, 2015, 11:44:03 AM |
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I heard that one feather has become five hens already and it´s actually a question of 1.8 Million Bitcoins.
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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January 05, 2015, 11:45:04 AM |
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Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves.
This corresponds well with timestamp of last transactions for 18k address, so this seems to be Bitstamp cold storage. no it doesnt. 2 more transactions after that. |
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coinits
Legendary
Offline
Activity: 1582
Merit: 1019
011110000110110101110010
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January 05, 2015, 11:46:13 AM |
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I heard that one feather has become five hens already and it´s actually a question of 1.8 Million Bitcoins.
youse gotz proofs? |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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Q7
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January 05, 2015, 11:46:47 AM |
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So far nobody or representative from their side has released confirmed figure on how much has been lost. Just speculation for now. But if it is true, that 18000 would translate close to almost 5 million which I have doubt they will be able to stomach the loss.
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