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Whoever mines the block which ends up containing your transaction will get its fee.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Borisz
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February 15, 2015, 10:00:08 PM |
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Exchanges are needed to retain value and so we can bind the worth of a Bitcoin to something we know. The thing is I am considering moving all my coins from exchanges to my wallet. Although, with respect to the recent events I'm not sure if that is any more safer. Maybe only due to the "decentralizedness" of keeping my coins with me and not thousands of coins in one place. It's just sad to watch exchanges go down every now and then. Seems to me it is easier to rob 1.6 million $ of BTC than 1.6 million $ of fiat. And get away with it. |
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cshelswell
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February 15, 2015, 10:03:45 PM |
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It's just sad to watch exchanges go down every now and then.
Seems to me it is easier to rob 1.6 million $ of BTC than 1.6 million $ of fiat. And get away with it.
Every now and then? Seems to be a week occurrence |
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nachoig
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February 15, 2015, 10:06:55 PM |
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Exchanges are needed to retain value and so we can bind the worth of a Bitcoin to something we know. The thing is I am considering moving all my coins from exchanges to my wallet. Although, with respect to the recent events I'm not sure if that is any more safer. Maybe only due to the "decentralizedness" of keeping my coins with me and not thousands of coins in one place. It's just sad to watch exchanges go down every now and then. Seems to me it is easier to rob 1.6 million $ of BTC than 1.6 million $ of fiat. And get away with it. Exchanges shouldn't be used as traditional banks. https://bitcointalk.org/index.php?topic=932052.0https://bitcointalk.org/index.php?topic=945881.0 |
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Borisz
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February 15, 2015, 10:11:19 PM |
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It's just sad to watch exchanges go down every now and then.
Seems to me it is easier to rob 1.6 million $ of BTC than 1.6 million $ of fiat. And get away with it.
Every now and then? Seems to be a week occurrence Well sometimes more sometimes less often. TBH, I felt Bter was pretty safe to use. 2FA, separate withdrawal password and what not. Turns out, all this doesn't matter if the source is attacked. Exchanges shouldn't be used as traditional banks.
They are similar in the aspect that they both hold large sums of money. And Bter was also giving interest on funds held by the users. |
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cshelswell
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February 15, 2015, 10:16:30 PM |
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What if you simply have BTC / Alts in there to day trade with? You can't keep taking them out. I don't think you should store coins there but to trade it's necessary. I just withdrew a large chunk of an alt as it looked like it was going to be down for a bit but if it had still been active I would have left it there to trade with. |
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Borisz
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February 15, 2015, 10:17:29 PM |
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It is most likely a proxy/VPN that leads to another one and so on. If someone wants to steal so much money, I guess they make sure to stay safe as much as possible. |
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nachoig
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February 15, 2015, 10:19:34 PM |
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Exchanges shouldn't be used as traditional banks.
They are similar in the aspect that they both hold large sums of money. And Bter was also giving interest on funds held by the users. Like a savings account? If they are doing this, unless that interest are being paid from the exchange fees, they don't have 100% reserves. BTW, I'm just aksing myself how they do to recover the stolen BTC. If they don't get it back, they should go to the market and re-buy those BTC. But a good question here is if they'll do this. |
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Nixian
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February 15, 2015, 10:24:46 PM |
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It is most likely a proxy/VPN that leads to another one and so on. If someone wants to steal so much money, I guess they make sure to stay safe as much as possible. Students having the know how , intrest, time and equipment , and watch the ISP Research and academic network |
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Borisz
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February 15, 2015, 10:35:18 PM |
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Exchanges shouldn't be used as traditional banks.
They are similar in the aspect that they both hold large sums of money. And Bter was also giving interest on funds held by the users. Like a savings account? If they are doing this, unless that interest are being paid from the exchange fees, they don't have 100% reserves. BTW, I'm just aksing myself how they do to recover the stolen BTC. If they don't get it back, they should go to the market and re-buy those BTC. But a good question here is if they'll do this. Maybe that is the actual 7000 missing that added up over time  Seriously. The yearly interest was varying daily, sometimes 0.9%/year, other days or weeks went up to 5%/year. According to Bter, this interest was coming from and based on their trading fees and volume. |
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redsn0w (OP)
Legendary
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Activity: 1778
Merit: 1042
#Free market
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February 15, 2015, 10:41:02 PM |
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It is most likely a proxy/VPN that leads to another one and so on. If someone wants to steal so much money, I guess they make sure to stay safe as much as possible. Students having the know how , intrest, time and equipment , and watch the ISP Research and academic network It is not the ip of the hacker but only the ip of the bitcoin node that saw/forwarded the tx for "first" : https://blockchain.info/it/ip-address/46.28.204.193 |
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Nixian
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February 15, 2015, 10:49:07 PM |
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It is most likely a proxy/VPN that leads to another one and so on. If someone wants to steal so much money, I guess they make sure to stay safe as much as possible. Students having the know how , intrest, time and equipment , and watch the ISP Research and academic network It is not the ip of the hacker but only the ip of the bitcoin node that saw/forwarded the tx for "first" : https://blockchain.info/it/ip-address/46.28.204.193The 7120 Bitcoins are distributed equally to 7 accounts, all of them were operated from a Swiss Based IP “46.28.204.193” source : http://247cryptonews.com/bter-got-hacked-7000-bitcoins-stolen-7-different-accounts/Was just opinion ,i'm still new at this bitcoin stuff, keep my bet open tho  |
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redsn0w (OP)
Legendary
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Activity: 1778
Merit: 1042
#Free market
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February 15, 2015, 10:51:52 PM |
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It is most likely a proxy/VPN that leads to another one and so on. If someone wants to steal so much money, I guess they make sure to stay safe as much as possible. Students having the know how , intrest, time and equipment , and watch the ISP Research and academic network It is not the ip of the hacker but only the ip of the bitcoin node that saw/forwarded the tx for "first" : https://blockchain.info/it/ip-address/46.28.204.193The 7120 Bitcoins are distributed equally to 7 accounts, all of them were operated from a Swiss Based IP “46.28.204.193” source : http://247cryptonews.com/bter-got-hacked-7000-bitcoins-stolen-7-different-accounts/Was just opinion ,i'm still new at this bitcoin stuff, keep my bet open tho That ip (46.28.204.193) is of the bitcoin node It is not the ip of the "hacker". |
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smoothie
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Merit: 1473
LEALANA Bitcoin Grim Reaper
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February 15, 2015, 11:18:33 PM |
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The only way bitcoins get stolen from a "cold" wallet is that the wallet wasn't really cold. someone had access to it. How the heck do you think there would be a transaction if the wallet was never touched? Unless it was an inside job. |
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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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redsn0w (OP)
Legendary
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Activity: 1778
Merit: 1042
#Free market
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February 15, 2015, 11:30:42 PM |
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The only way bitcoins get stolen from a "cold" wallet is that the wallet wasn't really cold. someone had access to it. How the heck do you think there would be a transaction if the wallet was never touched? Unless it was an inside job. It could be possible, we should wait more info from them. Maybe their definition of cold wallet is different from our, it should never be connected on internet. |
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Cluster2k
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Activity: 1692
Merit: 1018
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February 16, 2015, 04:01:10 AM |
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People keep repeating the mantra "don't keep your bitcoins anywhere but in your own wallet". It's almost blaming the victim for being so careless about who they trust. How do these people expect bitcoin commerce to work if businesses are always meant to be fearful of someone taking down an exchange? How many businesses function in a world where Mastercard, Visa, PayPal, etc could at any moment lose all customer funds?
How is an exchange like bitfinex meant to be funded if no one is ever to keep bitcoins on there to fund leveraged positions and earn interest?
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flame1012
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February 16, 2015, 05:17:25 AM |
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We should discuss if decentralized exchanges are going to be a good alternative and solution against these hacks.
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> ALL cloudmining companies are SCAM <
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