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Question: How should we deal with this Zhoutong/Bitcoinica situation?
Tar, feather and hang Zhou Tong
Militarily invade China/Singapore
Stage a riot in the streets of LA
Abandon Bitcoin altogether because it has clearly failed
Handover Bitcoin to the Feds so this won't happen again
Complain some more
Have Maria handle it "her way"
Devalue Bitcoins by forking the source so Zhoutong may never enjoy his bounty
Rewrite Bitcoinica code slightly and repeat scam on future newbies
Blame it on the Germans

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goodlord666
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July 27, 2012, 04:30:58 PM
 #1

Add more suggestions if you like.


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Phinnaeus Gage
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July 27, 2012, 04:39:19 PM
 #2

Add more suggestions if you like.


I voted the rewrite option thinking that I may be the only one, and was surprised to see it ahead. I have reason to believe that this is, and has been, in the works.

~Bruno~
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July 27, 2012, 04:40:57 PM
 #3

Just take a lessons out of it. Reenforce exchange websites security and behave in a more prudent way.
Shit happens, learn from it and be stronger.

That's it.

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July 27, 2012, 04:41:05 PM
 #4

Create a new subforum dedicated to Bitcoinica so those of us with no stake in the issue can avoid having to read about it? Smiley

Like my posts?  Connect with me on LinkedIn and endorse my "Bitcoin" skill.
Decentralized, instant off-chain payments.
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July 27, 2012, 04:43:13 PM
 #5

Start one more bitcoinica thread.
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July 27, 2012, 04:49:27 PM
 #6

Add more suggestions if you like.


I voted the rewrite option thinking that I may be the only one, and was surprised to see it ahead. I have reason to believe that this is, and has been, in the works.

~Bruno~

"Rewrite Bitcoinica code slightly and repeat scam on future newbies" If you believe that this is a sustainable or viable option, then you are full of shit.


BB.
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July 27, 2012, 04:50:23 PM
 #7

Offer Zhoutong/Bitcoinica to return every satoshi from every Bitcoinica "hack" plus an equivalent match donated to the Bitcoin Developer Project in exchange for all charges dropped and no jail time.

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July 27, 2012, 04:54:26 PM
 #8

Add more suggestions if you like.


I voted the rewrite option thinking that I may be the only one, and was surprised to see it ahead. I have reason to believe that this is, and has been, in the works.

~Bruno~

"Rewrite Bitcoinica code slightly and repeat scam on future newbies" If you believe that this is a sustainable or viable option, then you are full of shit.

But you are okay with the other options, like blaming the Germans for instance?   

Satirically challenged are we?     Grin
goodlord666
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July 27, 2012, 04:55:36 PM
 #9

Offer Zhoutong/Bitcoinica to return every satoshi from every Bitcoinica "hack" plus an equivalent match donated to the Bitcoin Developer Project in exchange for all charges dropped and no jail time.

It seems like Zhou Tong has been inspired more by your signature line.



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July 27, 2012, 04:55:42 PM
 #10

Create a new subforum dedicated to Bitcoinica so those of us with no stake in the issue can avoid having to read about it? Smiley

+1.  If subforums are expensive I will pledge 1 BTC towards it.

It could be a subform of the off topic subforum.

Off Topic
|----- Bitcoinica
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July 27, 2012, 04:57:39 PM
 #11

Offer Zhoutong/Bitcoinica to return every satoshi from every Bitcoinica "hack" plus an equivalent match donated to the Bitcoin Developer Project in exchange for all charges dropped and no jail time.

It seems like Zhou Tong has been inspired more by your signature line.




+1 LMAO

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July 27, 2012, 05:14:46 PM
 #12

Just take a lessons out of it. Reenforce exchange websites security and behave in a more prudent way.
Shit happens, learn from it and be stronger.

That's it.

So we just let a 17 year old kid steal $500,000 from us and do nothing

All that does is encourage others to steal, since there are no repercussions.

OG can't say what happened to the 2,600 BTC he owed his investors. Almost two dozen victims identified in the case of the missing 2600 BTC  You can't unwatch this!
Previous investigations:  OG vs Lauda (2018)  OG vs TMAN (2017)  OG vs Owlcatz (2018)  OG vs Twitchyseal (2018)  OG vs Lutpin (2016)  After all these complaints, OG was removed as the sole forum treasurer in early 2019. 
OG: Supporting scammers is the sane thing to do against Vod.
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July 27, 2012, 05:15:15 PM
 #13

Add more suggestions if you like.


I voted the rewrite option thinking that I may be the only one, and was surprised to see it ahead. I have reason to believe that this is, and has been, in the works.

~Bruno~

"Rewrite Bitcoinica code slightly and repeat scam on future newbies" If you believe that this is a sustainable or viable option, then you are full of shit.

BB.

I see you're new here, thus not knowing Bruno's wit. If you read my post that you quoted, you would've learned that I don't back this option, although I voted for it. I even expressed that this is/may already be in the works. Then again, I may be full of shit.

Later, bud. (BTW, when I pen "Later, bud.", it's done with the utmost respect--no BS)

~Bruno~
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July 27, 2012, 05:18:38 PM
 #14

Yeah, apologies, turns out I'm full of shit!

Zhou will either be killed or be imprisoned. No doubt this forum will follow every move towards either eventuality.


BB.
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July 27, 2012, 05:19:39 PM
 #15

Create a new subforum dedicated to Bitcoinica so those of us with no stake in the issue can avoid having to read about it? Smiley

+1.  If subforums are expensive I will pledge 1 BTC towards it.

It could be a subform of the off topic subforum.

Off Topic
|----- Bitcoinica
|----- Bruno's "wit"


+1    Wink
Herodes
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July 27, 2012, 05:21:01 PM
 #16

Just a slight correction:

"Blame it on the Germans"

should be

"Blame it on ze Germans!"

 Grin Grin Grin
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July 27, 2012, 05:29:56 PM
 #17

+1.  If subforums are expensive I will pledge 1 BTC towards it.

Subforums are absolutely totally free. I have no idea how you would even get the idea that subforums were something that cost money.
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July 27, 2012, 05:31:42 PM
 #18

Create a new subforum dedicated to Bitcoinica so those of us with no stake in the issue can avoid having to read about it? Smiley

+1.  If subforums are expensive I will pledge 1 BTC towards it.

It could be a subform of the off topic subforum.

Off Topic
|----- Bitcoinica
|----- Bruno's "wit"


+1    Wink

You forgot one!

|-----Maria
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July 27, 2012, 05:34:23 PM
 #19

Let's start an off topic subforum with only Phinn and Maria and maybe Phinn can finally get that blowjob.
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July 27, 2012, 05:37:35 PM
 #20

So we just let a 17 year old kid steal $500,000 from us and do nothing

Kids don't bear responsibility for their deeds.
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July 27, 2012, 05:39:20 PM
 #21

So we just let a 17 year old kid steal $500,000 from us and do nothing

Kids don't bear responsibility for their deeds.

That's not true.  In a deliberate and planned theft of half a million dollars, he would be charged as an adult and probably spend 2-5 years in prison.

OG can't say what happened to the 2,600 BTC he owed his investors. Almost two dozen victims identified in the case of the missing 2600 BTC  You can't unwatch this!
Previous investigations:  OG vs Lauda (2018)  OG vs TMAN (2017)  OG vs Owlcatz (2018)  OG vs Twitchyseal (2018)  OG vs Lutpin (2016)  After all these complaints, OG was removed as the sole forum treasurer in early 2019. 
OG: Supporting scammers is the sane thing to do against Vod.
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July 27, 2012, 05:41:13 PM
 #22

Anyway, I need to know Zhou Tong's real name.  Does anyone have that?

OG can't say what happened to the 2,600 BTC he owed his investors. Almost two dozen victims identified in the case of the missing 2600 BTC  You can't unwatch this!
Previous investigations:  OG vs Lauda (2018)  OG vs TMAN (2017)  OG vs Owlcatz (2018)  OG vs Twitchyseal (2018)  OG vs Lutpin (2016)  After all these complaints, OG was removed as the sole forum treasurer in early 2019. 
OG: Supporting scammers is the sane thing to do against Vod.
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July 27, 2012, 05:50:26 PM
 #23



mfw I clicked on the most popular vote
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July 27, 2012, 05:50:50 PM
 #24

I can't believe that "make another thread" isn't winning.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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July 27, 2012, 05:59:11 PM
 #25

So we just let a 17 year old kid steal $500,000 from us and do nothing?  

Kids don't bear responsibility for their deeds.

That's not true.  In a deliberate and planned theft of half a million dollars, he would be charged as an adult and probably spend 2-5 years in prison.

Probably more than 5 years...

-Conspiracy to intentionally cause damage without authorization to a protected computer is punishable by up to five years in prison.
-Intentionally causing damage to a protected computer resulting with a loss of more than $5,000 is punishable by up to ten years in prison and a $250,000 fine.  
-Possession of more than 15 unauthorized access devices is punishable by up to ten years in prison and a $250,000 fine.
-Aggravated identity theft is punishable by an additional two years in prison on top of any sentence for the underlying crimes.

This is just some or the possible charges in the U.S. alone.

And if the prosecutors can prove money laundering and/or aiding and abetting criminals or terrorist groups then it could get really ugly. If this is the case then imprisonment in Guantanamo Bay Detention Camp is on the table.


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July 27, 2012, 06:17:07 PM
 #26

It's for 18+ y.o. adults.
goodlord666
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July 27, 2012, 06:36:13 PM
 #27

I can't believe that "make another thread" isn't winning.

Because it's none of the options listed? .....



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July 27, 2012, 06:44:00 PM
 #28

I can't believe that "make another thread" isn't winning.

Because it's none of the options listed? .....




Voted complain some more, it's close enough.

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July 27, 2012, 09:15:43 PM
 #29

So we just let a 17 year old kid steal $500,000 from us and do nothing

Kids don't bear responsibility for their deeds.

That's not true under most Western legal systems.  Possible punishments would vary dramatically by jurisdiction, though.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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July 27, 2012, 11:55:39 PM
 #30

So we just let a 17 year old kid steal $500,000 from us and do nothing

Kids don't bear responsibility for their deeds.

That's not true under most Western legal systems.  Possible punishments would vary dramatically by jurisdiction, though.

If I were running bitcoinica, I'd blame some kid too. I was rather taken aback at their deliberate attempt to make people believe that they know the one person who did it, rather than simply stating the evidence and demanding an explanation. Or better yet, to talk to the kid in private first and then go public with the findings. It's not just highly unprofessional to do it the way they did...it casts strong doubts on their motives. I don't think many people are paying attention to the deliberate attempt to sway opinion without argument.

Hardforks aren't that hard. It’s getting others to use them that's hard.
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July 28, 2012, 03:45:06 AM
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If I were running bitcoinica, I'd blame some kid too. I was rather taken aback at their deliberate attempt to make people believe that they know the one person who did it, rather than simply stating the evidence and demanding an explanation. Or better yet, to talk to the kid in private first and then go public with the findings. It's not just highly unprofessional to do it the way they did...it casts strong doubts on their motives. I don't think many people are paying attention to the deliberate attempt to sway opinion without argument.

It wasn't Bitcoinica who released the information related to the alleged transactions by Zhou.  Mark said he tried to contact them regarding the information and they didn't respond.  Tihan says that when the information was brought to his attention, he told AurumXchange and MtGox to ask Zhou about the matter privately and that he doesn't believe Zhou is responsible.  Amir has asked people not to jump to conclusions based on the AurumXchange statement. There are a shit ton of reasons to criticise Bitcoinica, but they aren't the ones who came out accusing Zhou of the MtGox breach.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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July 28, 2012, 04:07:50 AM
 #32

You forgot the option "Hire Tom Williams to run your exchange"

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July 28, 2012, 04:56:16 AM
 #33

Funny, a few months ago everyone on this forum was sucking Zhoutong’s ass like it was made of ice cream and now he’s the Antichrist.

This happens with pretty much every new service.  It's hailed as the best thing since sliced bread and within months the discontent sets in and it's being labelled a scam.  Same thing happens with new payment methods.  This community has little capacity to learn from past experience, it seems.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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July 28, 2012, 05:18:27 AM
 #34

So we just let a 17 year old kid steal $500,000 from us and do nothing?  

Kids don't bear responsibility for their deeds.

That's not true.  In a deliberate and planned theft of half a million dollars, he would be charged as an adult and probably spend 2-5 years in prison.

Probably more than 5 years...

-Conspiracy to intentionally cause damage without authorization to a protected computer is punishable by up to five years in prison.
-Intentionally causing damage to a protected computer resulting with a loss of more than $5,000 is punishable by up to ten years in prison and a $250,000 fine.  
-Possession of more than 15 unauthorized access devices is punishable by up to ten years in prison and a $250,000 fine.
-Aggravated identity theft is punishable by an additional two years in prison on top of any sentence for the underlying crimes.

This is just some or the possible charges in the U.S. alone.

And if the prosecutors can prove money laundering and/or aiding and abetting criminals or terrorist groups then it could get really ugly. If this is the case then imprisonment in Guantanamo Bay Detention Camp is on the table.


I'm currently looking at getting 364 days (not 365) in jail and a $2,500 USD fine for driving with a revoked license. That's the max penalty, but I'm pretty sure I won't receive anywhere near that. Then again, I could be locked up with ALL those that copied movies from and to their VCRs.

~Bruno~
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July 28, 2012, 05:39:34 AM
 #35

I'm currently looking at getting 364 days (not 365) in jail and a $2,500 USD fine for driving with a revoked license. That's the max penalty, but I'm pretty sure I won't receive anywhere near that. Then again, I could be locked up with ALL those that copied movies from and to their VCRs.

~Bruno~


Don't drop the soap Bruno.

 Grin
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July 28, 2012, 06:01:39 AM
 #36

Funny, a few months ago everyone on this forum was sucking Zhoutong’s ass like it was made of ice cream and now he’s the Antichrist.

This happens with pretty much every new service.  It's hailed as the best thing since sliced bread and within months the discontent sets in and it's being labelled a scam.  Same thing happens with new payment methods.  This community has little capacity to learn from past experience, it seems.

Amen Brother! Sister!


 Grin

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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July 28, 2012, 05:57:15 PM
 #37

What would be interesting would be to gather all the participants involved in a room, call on Hercule Poirot, which immediately would enter the room, stroke his mustache, look around and say: "Noone dares leave this room until the guilty party has been found!"
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July 28, 2012, 07:23:20 PM
 #38

Quote
Rewrite Bitcoinica code slightly and repeat scam on future newbies
If anybody does this, I will become a black hat hacker, after watching some youtube vids on how to crack stuff with Backtrack, and pop that box.
You have been warned. Grin

I'm currently looking at getting 364 days (not 365) in jail and a $2,500 USD fine for driving with a revoked license. That's the max penalty, but I'm pretty sure I won't receive anywhere near that. Then again, I could be locked up with ALL those that copied movies from and to their VCRs.

~Bruno~
I hope you brushed up on your chess skillz, they'll come in handy while your inside and don't accept any favors. Grin

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If BTC became the global currency & money supply = 100 Trillion then ⊅1.00 BTC = $4,761,904.76.
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