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Author Topic: When your coins are stolen  (Read 2545 times)
DieJohnny (OP)
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February 05, 2015, 01:27:16 AM
 #1

When you check your balances one day and all your precious coins are stolen what will you do?

Buy back in?
Suicide?
Never make another post?
Unsubscribe to /r/bitcoin?

and whose fault will it be? bitcoins? or yours?

Those who hold and those who are without property have ever formed distinct interests in society
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bitllionaire
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February 05, 2015, 02:30:41 AM
 #2

it never happened to me but I would probably try to recover them working
bryant.coleman
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February 05, 2015, 03:33:40 AM
 #3

it never happened to me but I would probably try to recover them working

Has any one ever successfully recovered their stolen coins? I don't think so. Once the coins are stolen, it is next to impossible to recover them from the thief. One of the major disadvantages with BTC.
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February 05, 2015, 04:04:54 AM
 #4

it never happened to me but I would probably try to recover them working

Has any one ever successfully recovered their stolen coins? I don't think so. Once the coins are stolen, it is next to impossible to recover them from the thief. One of the major disadvantages with BTC.

it's also next to impossible to steal coins in the first place if they are properly secured.  one of the major advantages with BTC.

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February 05, 2015, 04:11:12 AM
 #5

I got scammed 10BTC back when they were $1100 a go. Was a bit gutting but you just get back on the horse and carry on. Just learn from your mistakes!

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February 05, 2015, 04:25:20 AM
 #6

When you check your balances one day and all your precious coins are stolen what will you do?

Buy back in?
Suicide?
Never make another post?
Unsubscribe to /r/bitcoin?

and whose fault will it be? bitcoins? or yours?

You surely have never had money stolen before. To propose suicide as an alternative to this scenario is way too extreme, unless you already suffer from depression.

The reaction to stolen Bitcoins should be the same to stolen dollars: call the police for them to investigate, and continue working to continue earning more money.

An economy based on endless growth is unsustainable.
cozk
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February 05, 2015, 04:33:26 AM
 #7

Don't be an idiot and learn how to secure them.

You wont have to deal with this kind of dilemmas.
gogxmagog
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February 05, 2015, 04:47:55 AM
 #8

happened to me a while ago. I got lazy and left them "lying around" meaning in an unsecured hot wallet. I followed the coins from my wallet thru several jumps until they went into a tumbler. Aaaaaand they're gone!

It wasn't the worst loss for me, I survived, but I upped my security regimen, and also bought a ledger immediately.

I don't think anyone has ever gotten stolen coins back. A day may come where it is possible, but it is more likely security, at the layman user's level will improve dramatically. I know BTC is absolutely secure when stored properly, but it is expecting too much for the average joe to learn linux and all that geek stuff.

Providing high grade secure storage will be a big industry in the future, it is already emerging.
megamore
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February 05, 2015, 04:51:54 AM
 #9

Just once, My bitcoin wallet stolen by someone from blockchain but this incident does not make me suicidal  Lips sealed

I've tried to keep using the available security from blockchain, but someone can steal it with easy

however, any type of safety level  is always a possibility that yours will be stolen  Lips sealed
markku
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February 05, 2015, 04:57:19 AM
 #10

When you check your balances one day and all your precious coins are stolen what will you do?

Buy back in?
Suicide?
Never make another post?
Unsubscribe to /r/bitcoin?

and whose fault will it be? bitcoins? or yours?

Depending on the amount. If its large , I would probably leave bitcoins for holding large amounts.
I won't give up on it.
DannyHamilton
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February 05, 2015, 05:06:05 AM
 #11

When you check your balances one day and all your precious coins are stolen what will you do?

Figure out what I did wrong, learn from the mistake, and get on with my life.

Buy back in?

Only once I convinced myself that I understood exactly what I did wrong and how to prevent it in the future.

Suicide?

Bitcoin is a highly volitile, risky, experiment.  If you are holding enough value in bitcoin that this is a possible thought, then you need to sell a substantial amount of your current holdings NOW.  It is foolish, and dangerous to be holding an amount of value in bitcoin that would be devastating to lose.

Never make another post?

I don't understand. How would that help?

Unsubscribe to /r/bitcoin?

Is that a reddit thing?  Sorry, I don't reddit.  I wouldn't have anything to unsubscribe from.

and whose fault will it be? bitcoins? or yours?

Holding value in something that you don't understand and that you haven't learned enough about to properly secure is ALWAYS your own fault.  Learn to take some personal responsibility, and to manage your risk exposure to your own personal risk tolerance.
Possum577
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February 05, 2015, 05:16:17 AM
 #12

Buy back in and figure out where I went wrong so it doesn't happen again.

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February 05, 2015, 05:25:29 AM
 #13

Sadly you cant do anything when your coins get stolen, feature of bitcoin. Dont go into gambling or anything you will just lsoe more. Take a reak from bitcoin or buy some and sit back and let them rise.

bryant.coleman
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February 05, 2015, 05:25:41 AM
 #14

it never happened to me but I would probably try to recover them working

Has any one ever successfully recovered their stolen coins? I don't think so. Once the coins are stolen, it is next to impossible to recover them from the thief. One of the major disadvantages with BTC.

it's also next to impossible to steal coins in the first place if they are properly secured.  one of the major advantages with BTC.

Agreed. But for the less tech-savvy people, those storage methods can be a bit complex. And I don't want to brand Bitcoin as a currency which is destined only for the tech-savvy people.
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February 05, 2015, 05:30:26 AM
 #15

I don't keep all my coins in one location but I don't think I would leave Bitcoin. Always a bit more cautious.
mercistheman
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February 05, 2015, 06:08:51 AM
 #16

Bend over and kiss your money maker goodbye  Tongue
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February 05, 2015, 06:12:32 AM
 #17

When you check your balances one day and all your precious coins are stolen what will you do?

Buy back in?
Suicide?
Never make another post?
Unsubscribe to /r/bitcoin?

and whose fault will it be? bitcoins? or yours?

It would probably never happen to be to be honest because I'am caution man , I don't simply download craps from the internet just like that . It can't be stolen by some people I know IRL because no one in my country even know what Bitcoin is .
But it happens anyway ... that would be totally my fault , how it will be Bitcoin fault Shocked I will continue with bitcoin and make posts etc ... I won't Unsubscribe to /r/Bitcoin because I'am not even subscribed haha

~ Madness

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February 05, 2015, 06:56:31 AM
 #18

I would go back and check all my "honey traps" to determine why they failed.  Huh They are there as a early warning system, so if they failed, I will have a problem.

We have to learn from our mistakes, if we do not learn through them, we are doomed to repeat them.

It would be strange, if someone managed to get to 90% of my stash in cold storage/paper wallets. I created it on a computer and printer, that was destoyed and have been recycled into millions of pieces.

So it was never connected to the internet or accessed by anyone, apart from myself, and destroyed with my own hands.  Tongue

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February 05, 2015, 07:22:42 AM
 #19

that would be hard but i would buy again probably.


check out a hardware-wallet:

https://bitcointalk.org/index.php?topic=899253.0

vennali
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February 05, 2015, 07:40:25 AM
 #20

it never happened to me but I would probably try to recover them working

Has any one ever successfully recovered their stolen coins? I don't think so. Once the coins are stolen, it is next to impossible to recover them from the thief. One of the major disadvantages with BTC.

It is really hard to steal coins anyways...but u can keep your coins safe and keep it offline if u have huge amounts.. there's no way anyone can steal it then.

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