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freebit13
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January 10, 2015, 12:44:52 PM |
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Bitcoin was supposed to be decentralized, but people flocked almost entirely to a single exchange Inform yourself before making stupid comments: http://bitcoinity.org/markets/list
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Decentralize EVERYTHING!
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sgk
Legendary
Offline
Activity: 1470
Merit: 1002
!! HODL !!
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January 10, 2015, 05:25:07 PM |
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OK, so after BitStamp was hacked, people have been posting posts over posts and threads over threads about it and even making scam accusations about the exchange. Some even called it the next Gox. But all of a sudden all threads have gone silent after the exchange came back online just fine, within a small time window.
No problem.
At least I would take this opportunity to actually give some postive feedback to BitStamp team who worked hard and delivered on my personal expectations after the hack. They made sure to keep the users informed of the progress via Twitter too. And they surely didn't "Gox". I have an account with them and thankfully I didn't lose anything because I had emptied my balance in September but in future I'm gonna trust them as good as I did previously - or even more than that, because I'm sure their security is now far better than what they had before. And they mean serious business.
They're here to stay and make Bitcoin ecosystem better.
Kudos to team BitStamp.
I'm sure many of you won't agree with me, but this is just my opinion, and you have yours.
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NotLambchop
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January 10, 2015, 05:35:48 PM |
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OK, so after BitStamp was hacked, people have been posting posts over posts and threads over threads about it and even making scam accusations about the exchange. Some even called it the next Gox. But all of a sudden all threads have gone silent after the exchange came back online just fine, within a small time window.
No problem.
At least I would take this opportunity to actually give some postive feedback to BitStamp team who worked hard and delivered on my personal expectations after the hack. They made sure to keep the users informed of the progress via Twitter too. And they surely didn't "Gox". I have an account with them and thankfully I didn't lose anything because I had emptied my balance in September but in future I'm gonna trust them as good as I did previously - or even more than that, because I'm sure their security is now far better than what they had before. And they mean serious business.
They're here to stay and make Bitcoin ecosystem better.
Since you brought it up: 1. The "small window" was a business week. 2. No confirmed fiat withdrawals. 3. No [previously promised] audits => fractional reserve possible. 4. Re. "better security": As long as you're sure. TL;DR: Let's not start stroking them just yet.
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poncho32
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January 10, 2015, 05:41:45 PM |
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OK, so after BitStamp was hacked, people have been posting posts over posts and threads over threads about it and even making scam accusations about the exchange. Some even called it the next Gox. But all of a sudden all threads have gone silent after the exchange came back online just fine, within a small time window.
No problem.
At least I would take this opportunity to actually give some postive feedback to BitStamp team who worked hard and delivered on my personal expectations after the hack. They made sure to keep the users informed of the progress via Twitter too. And they surely didn't "Gox". I have an account with them and thankfully I didn't lose anything because I had emptied my balance in September but in future I'm gonna trust them as good as I did previously - or even more than that, because I'm sure their security is now far better than what they had before. And they mean serious business.
They're here to stay and make Bitcoin ecosystem better.
Since you brought it up: 1. The "small window" was a business week. 2. No confirmed fiat withdrawals. 3. No [previously promised] audits => fractional reserve possible. 4. Re. "better security": As long as you're sure. TL;DR: Let's not start stroking them just yet. They cannot start processing fiat withdrawals until Monday when the banks open.
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Pustul
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January 10, 2015, 05:50:06 PM Last edit: January 10, 2015, 06:07:11 PM by Pustul |
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Why would they process btc withdrawal but not fiat? You could just convert your $$ to btc, withdraw them and exchange them elsewhere. With that said, I'm still waiting for my btc withdrawal to process... EDIT: Received
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sgk
Legendary
Offline
Activity: 1470
Merit: 1002
!! HODL !!
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January 10, 2015, 06:05:30 PM |
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OK, so after BitStamp was hacked, people have been posting posts over posts and threads over threads about it and even making scam accusations about the exchange. Some even called it the next Gox. But all of a sudden all threads have gone silent after the exchange came back online just fine, within a small time window.
No problem.
At least I would take this opportunity to actually give some postive feedback to BitStamp team who worked hard and delivered on my personal expectations after the hack. They made sure to keep the users informed of the progress via Twitter too. And they surely didn't "Gox". I have an account with them and thankfully I didn't lose anything because I had emptied my balance in September but in future I'm gonna trust them as good as I did previously - or even more than that, because I'm sure their security is now far better than what they had before. And they mean serious business.
They're here to stay and make Bitcoin ecosystem better.
Since you brought it up: 1. The "small window" was a business week. 2. No confirmed fiat withdrawals. 3. No [previously promised] audits => fractional reserve possible. 4. Re. "better security": As long as you're sure. TL;DR: Let's not start stroking them just yet. 1. OK, but does it matter? They need their time, if it's a busines wekk or not 2. Let's wait until working business day - Monday 3. Agree with you - I have no idea 4. I'm believing in this: Updates to the exchange service include a migration to Amazon's AWS cloud infrastructure, new hardware systems and the integration of BitGo's multi-signature wallet technology. Source
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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January 10, 2015, 06:15:55 PM |
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4. I'm believing in this: Updates to the exchange service include a migration to Amazon's AWS cloud infrastructure, new hardware systems and the integration of BitGo's multi-signature wallet technology. SourceBut that alone definitely does not mean better security, it's just some reassuring words for now. Migrate a complicated project to a completely new cloud infrastructure in under a week, which have it's own quirks and gotchas including new rule-based security and ephemeral storages, while also changing the underlying transaction signing technology, I wonder what could go wrong? For comparison, banks take months if not years for a similar change of software. Yeah, bitcoin is much better fitted for software than banking, but there are still countless ways they could've fucked up, week is too short for proper implementation & testing.
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i am satoshi
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