And so it continues...

[tokeweed]

http://siliconangle.com/blog/2015/02/17/bitcoin-exchange-cavirtex-shutting-down-after-being-hacked/

Lot's of bad actors cashing out using the "We got hacked" excuse.  

[franky1]

yep 7 exchanges got hacked over the weekend.

when will these crappy exchanges stop using hotwallets.

and when will users stop throwing their entire hoards into these exchanges

[croato]

Security is one of Bitcoin main problems and before that is solved we can not go mainstream for sure. Exchanges should be regulated and responsible or idk what but this now is just redicoulous.

[Nerazzura]

Security is one of Bitcoin main problems and before that is solved we can not go mainstream for sure. Exchanges should be regulated and responsible or idk what but this now is just redicoulous.

exactly once, I totally agree with you.
Security is the primary key of his death or not bitcoin.
entrepreneurs and users become free to use bitcoin as the increasing number of thefts occurring bitcoin.

[pawel7777]

http://siliconangle.com/blog/2015/02/17/bitcoin-exchange-cavirtex-shutting-down-after-being-hacked/

Lot's of bad actors cashing out using the "We got hacked" excuse.  

Very good. Once all the cowboy exchanges disappear, using "hacking" as an exit strategy, only good actors will remain (+ decentralised ones). The Bitcoin's 'wild west' stage is slowly coming to an end.

[Moonpig]

yep 7 exchanges got hacked over the weekend.

What, really? Which ones? I only heard of two.

Security is one of Bitcoin main problems and before that is solved we can not go mainstream for sure. Exchanges should be regulated and responsible or idk what but this now is just redicoulous.

Regulation won't ever stop inside jobs. I think we just need to move towards decentralized exchanges. At least if your coins go missing you have no body but yourself to blame.

[steveturk]

exchanges and customer funded hot wallets simply don't work.

[nkocevar]

Security is one of Bitcoin main problems and before that is solved we can not go mainstream for sure. Exchanges should be regulated and responsible or idk what but this now is just redicoulous.

Bitcoin is 100% secure in itself. On the other hand, Dumb people or tech-ignorant people are not secure. You can't blame this on bitcoin itself, only the people using it.

[1Referee]

Security is one of Bitcoin main problems and before that is solved we can not go mainstream for sure. Exchanges should be regulated and responsible or idk what but this now is just redicoulous.

Security the main problem of Bitcoin? LOL  

You clearly don't know what Bitcoin really is, and how it works.

The only one that we can blame are the shitty exchanges and their amateur/noob operators.

[nkocevar]

Security is one of Bitcoin main problems and before that is solved we can not go mainstream for sure. Exchanges should be regulated and responsible or idk what but this now is just redicoulous.

Security the main problem of Bitcoin? LOL  

You clearly don't know what Bitcoin really is, and how it works.

The only one that we can blame are the shitty exchanges and their amateur/noob operators.

Exactly what I just said with different words xD

[ChuckBuck]

Believe it or not these exchange hacks are for the betterment for Bitcoin and the community.

Like others in this thread have mentioned, this weeds out the bad actors/exchange operators, and leaves the more reputable and trustworthy ones.

Although the BTER, Cavirtex, Mycoin etc hacks are bad and left many without recourse, the overall sentiment was unphased and didn't crash the  BTC price at all.

BitStamp which had a really bad hack last month proved that it learned from the MtGox debacle, and insured that no customers would lose their stash, so we're starting to learn from the mistakes of the past.

Coinbase and Gemini, although regulated, should continue this trend of secure and trustworthy exchanges at the expense of some centralization and overseeing.  I personally think it's fine, because the currency itself is still decentralized, it's just the exchange itself and operators behind it are regulated.

[chennan]

Believe it or not these exchange hacks are for the betterment for Bitcoin and the community.

Like others in this thread have mentioned, this weeds out the bad actors/exchange operators, and leaves the more reputable and trustworthy ones.

Although the BTER, Cavirtex, Mycoin etc hacks are bad and left many without recourse, the overall sentiment was unphased and didn't crash the  BTC price at all.

BitStamp which had a really bad hack last month proved that it learned from the MtGox debacle, and insured that no customers would lose their stash, so we're starting to learn from the mistakes of the past.

Coinbase and Gemini, although regulated, should continue this trend of secure and trustworthy exchanges at the expense of some centralization and overseeing.  I personally think it's fine, because the currency itself is still decentralized, it's just the exchange itself and operators behind it are regulated.

probably you are basing on the third party of view! We are learning a hard lesson with the loss of our deposits in these crappy centralized exchanges!

[Jamie_Boulder]

It's frustrating because there's probably a legitimate newcomer out there trying to build up their own product only to be welcomed into the industry by a high level of skepticism due to greed such as this.

[kolloh]

This only ruins the trust for new companies. We really need less of these type of incidents occurring I think.

[ChuckBuck]

Believe it or not these exchange hacks are for the betterment for Bitcoin and the community.

Like others in this thread have mentioned, this weeds out the bad actors/exchange operators, and leaves the more reputable and trustworthy ones.

Although the BTER, Cavirtex, Mycoin etc hacks are bad and left many without recourse, the overall sentiment was unphased and didn't crash the  BTC price at all.

BitStamp which had a really bad hack last month proved that it learned from the MtGox debacle, and insured that no customers would lose their stash, so we're starting to learn from the mistakes of the past.

Coinbase and Gemini, although regulated, should continue this trend of secure and trustworthy exchanges at the expense of some centralization and overseeing.  I personally think it's fine, because the currency itself is still decentralized, it's just the exchange itself and operators behind it are regulated.

probably you are basing on the third party of view! We are learning a hard lesson with the loss of our deposits in these crappy centralized exchanges!

Yes, if you're leaving your wallet stash in centralized untrustworthy Mickey Mouse amateur hour exchanges, then yes theft or "wallet hacks" as they call them now, are very possible.

With Gemini's impending launch however, all wallet reserves will be air gapped, offline, and FDIC insured by a reputable bank, so it virtually eliminates the possibility of loss.  Although this wasn't the original vision of Bitcoin exchanges, even Wild West towns need a Sheriff to oversee things...

[thejaytiesto]

http://siliconangle.com/blog/2015/02/17/bitcoin-exchange-cavirtex-shutting-down-after-being-hacked/

Lot's of bad actors cashing out using the "We got hacked" excuse.  

They are pigs jumping what they see as a shinking ship with the hacked excuse.

Too bad they are lossing tons of money and will miss bitcoin's return to 1k+ territory. Fucking scammers need to get shot.

[picolo]

http://siliconangle.com/blog/2015/02/17/bitcoin-exchange-cavirtex-shutting-down-after-being-hacked/

Lot's of bad actors cashing out using the "We got hacked" excuse.  

It is terrible. The strong companies are known, use them and trust the new companies with caution.

[Sheldor333]

Someone should really look into it, so that something like that don't happen. I am sure some of them have been genuinely hacked but some are just scammers. As well if their system was prone to hacking maybe they left those holes intentionally so they could get hacked by someone and then claim it really happened. Some people will do anything for money.

[juju]

http://siliconangle.com/blog/2015/02/17/bitcoin-exchange-cavirtex-shutting-down-after-being-hacked/

Lot's of bad actors cashing out using the "We got hacked" excuse.  

Funny thing is a single person could easily program a decent exchange in 2 weeks, I would never send my coins to those exchanges. The services they provide are so ubiquitous and easy to setup that's why we have dozens of sketchy exchanges.

Edit: Spelling, no coffee yet

[Q7]

The worst thing is that because of somebody else fault, the blame is put solely onto bitcoin and it gives the wrong perception about how unsafe bitcoin is....which is not true.