Mike Jones (OP)
Newbie
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Activity: 14
Merit: 0
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July 29, 2012, 10:41:47 PM |
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As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Shadow383
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July 29, 2012, 11:03:06 PM |
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25000BTC from someone who left wallet unencrypted last year. about 58000BTC from the linode "hack" (I think, someone may need to correct me). about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people). Oh, and we have shroedinger's ponzi (BTCST) over in the lending section, which has liabilities of well over 200000BTC. So I'd say at least 85000, could go as high as a million by the end of the year  |
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Lethos
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July 29, 2012, 11:14:57 PM |
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... and people wonder why their is so much distrust in this world.
Yeah that kinda proves it.
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aq
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July 29, 2012, 11:20:02 PM |
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As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?
In this forum you are able to search, by clicking the small "button" labeled "search" and type in your, well, search. So within 2 seconds you would have been able to find this: https://bitcointalk.org/index.php?topic=83794.0But of course it is way easier to open a new thread... @theymos: can we have a sub-section for those constantly repeating threads? |
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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July 29, 2012, 11:25:46 PM |
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... and people wonder why their is so much distrust in this world.
Yeah that kinda proves it.
Most of the thefts were actually caused by too much or misplaced trust. Besides, it is actually a very small number. Why not go totaling up the number of transactions which weren't thefts to see how much bigger it is and therefore how much goodness there is? Both are silly ways of calculating trust/distrust. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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pekv2
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July 29, 2012, 11:26:32 PM |
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How much did mybitcoinwallet walk away with?
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repentance
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July 29, 2012, 11:35:32 PM |
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about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).
Where are you getting that number from? They lost ~18,000 BTC in the Rackspace hack and 40,000 in the MtGox breach. Even if you add in the BTC they lost in the Linode hack (~43,000 BTC, which you seem to have counted separately), the total comes nowhere near 200,000 BTC. |
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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Shadow383
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July 29, 2012, 11:44:01 PM |
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about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people).
Where are you getting that number from? They lost ~18,000 BTC in the Rackspace hack and 40,000 in the MtGox breach. Even if you add in the BTC they lost in the Linode hack (~43,000 BTC, which you seem to have counted separately), the total comes nowhere near 200,000 BTC. I was counting the value of all of their deposits as "stolen" since I don't honestly believe people are likely to get it back in the foreseeable future I didn't include it on my low-end estimate though. Also, completely forgot about mybitcoin - I know of individuals with >5000BTC on there, so that must've been pretty huge. |
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unclemantis
Member
Offline
Activity: 98
Merit: 10
(:firstbits => "1mantis")
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July 29, 2012, 11:44:04 PM |
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A lot.
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aq
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July 30, 2012, 12:03:26 AM |
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I mentioned the same thread in post#4, but I guess people like talking repeatedly about the same things all the time, so I think you will be ignored too... |
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niko
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July 30, 2012, 12:44:08 AM |
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Anyone can write anything on this or any other forum. I'll write this: I've never had any coins stolen since I start mining, trading, and using them in January 2011.
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They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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dissipate
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July 30, 2012, 12:45:13 AM |
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25000BTC from someone who left wallet unencrypted last year. about 58000BTC from the linode "hack" (I think, someone may need to correct me). about 200000BTC currently from Bitcoinica (I'm classing bitcoinica's funds as stolen until they refund people). Oh, and we have shroedinger's ponzi (BTCST) over in the lending section, which has liabilities of well over 200000BTC. So I'd say at least 85000, could go as high as a million by the end of the year I wouldn't call BTCS&T stealing. Anyone with half a brain cell knows that could be Game Over at any time. |
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Astro
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July 30, 2012, 12:58:49 AM |
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How many BTC does ZT own? That's your answer.
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bitcoinminer
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July 30, 2012, 01:02:27 AM |
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The answer is "Not NEARLY Enough because people keep doing really stupid things and losing all their bitcoins".
I hope that the left half of the intelligence bell curve loses all their BTC, so that everyone elses will go up in value.
"This site has been around for WEEKS! Why not trust 40k worth of BTC to them?!?!?!"
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Be fearful when others are greedy, and greedy when others are fearful.
-Warren Buffett
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mc_lovin
Legendary
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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July 30, 2012, 01:21:43 AM |
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I wonder how many coins have been stolen twice!
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niko
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July 30, 2012, 01:25:13 AM |
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I wonder how many coins have been stolen twice!
This! |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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Scott J
Legendary
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Activity: 1792
Merit: 1000
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July 30, 2012, 01:28:53 AM |
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As I read more into Bitcoin, the topic of theft comes up often. How much has been stolen in total?
Many have been stolen. But it's worth remembering that every single theft could have been prevented. |
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JayCoin
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July 30, 2012, 01:32:20 AM |
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10BTC stolen from p2pmining.com (Really from the miners on the pool) . Someone went through a lot of effort for $87. Goes to show that even a site with even a few Bitcoins on it is a target. I would suggest that any further Bitcoin ventures use servers under private control rather than renting one in a data center.
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Hello There!
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Lethos
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July 30, 2012, 08:58:57 AM |
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... and people wonder why their is so much distrust in this world.
Yeah that kinda proves it.
Most of the thefts were actually caused by too much or misplaced trust. Besides, it is actually a very small number. Why not go totaling up the number of transactions which weren't thefts to see how much bigger it is and therefore how much goodness there is? Both are silly ways of calculating trust/distrust. Okay, guess I phrased that badly, but I agree. Their is a lot more mistrust than in the early days when people too blindly trusted the exchanges and individuals in the community. I am one of those who feel a strong sense of distrust of exchanges, which isn't helped when I live in the UK when their is a severe lacking of exchanges which operate here. Most which have somehow been involved in these events which have lead to people losing a lot of bitcoins or money. |
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