kiba
Legendary
 Offline
Activity: 980
Merit: 1014
|
 |
July 31, 2012, 04:02:20 AM |
|
It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.
Given the bitcoinica hack, you shouldn't build your exchange on a VPS? |
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
dree12
Legendary
Offline
Activity: 1246
Merit: 1077
|
|
July 31, 2012, 04:05:24 AM |
|
It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.
Given the bitcoinica hack, you shouldn't build your exchange on a VPS? And the chances that BTC-E cares, much less heeds, security advice is? |
|
|
|
|
Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
|
|
July 31, 2012, 04:07:41 AM |
|
Why can't I talk in btc-e chat?
|
|
|
|
|
mav
|
|
July 31, 2012, 04:08:54 AM |
|
You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.
BTC-E learned the hard way.
No database template... So what sort of custom solutions are you suggesting? Custom database software? I would have thought that a properly set up and designed database would be excellent for financial purposes due to the ACID nature of them. Please do share your thoughts on this, I am very interested. |
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
July 31, 2012, 04:09:13 AM |
|
Why is it unlikely btc-e have no cold storage wallet. Doesn't all exchange have a cold wallet?
Not in mother Russia apparently. Why can't I talk in btc-e chat?
You likely logged out. Try logging back in. |
|
|
|
|
TraderTimm
Legendary
Offline
Activity: 2408
Merit: 1121
|
|
July 31, 2012, 04:18:34 AM |
|
Damn man, we *so* don't need this. I can only guess how this is going to spread throughout the internet. My sympathies to those affected, but honestly all you can really do to mitigate risk is not hold balances. I realize that isn't a choice everyone can stick to, but it sure helps.
|
fortitudinem multis - catenum regit omnia
|
|
|
Mike Jones
Newbie
Offline
Activity: 14
Merit: 0
|
|
July 31, 2012, 04:19:21 AM |
|
You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.
BTC-E learned the hard way.
No database template... So what sort of custom solutions are you suggesting? Custom database software? I would have thought that a properly set up and designed database would be excellent for financial purposes due to the ACID nature of them. Please do share your thoughts on this, I am very interested. I don't know much. I just think database design (from the ground-up) should be structured and limited, especially when it comes to finances. Security should be inherent and you don't see that in one-size-fits-all solutions. |
|
|
|
|
|
kiwiasian
|
|
July 31, 2012, 04:26:38 AM |
|
Has anyone tried buying/selling with success?
|
|
|
|
Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
|
|
July 31, 2012, 04:28:51 AM |
|
Has anyone tried buying/selling with success?
that's not the problem, the problem is withdrawing any USD (that doesn't exist) |
|
|
|
|
Tittiez
|
|
July 31, 2012, 04:30:36 AM |
|
Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.
|
|
|
|
|
|
kentrolla
|
|
July 31, 2012, 04:30:44 AM |
|
any thoughts on how this will effect the price of bitcoin?
|
▄▄████████▄▄
▄▄████████████████▄▄
▄██████████████████████▄
▄█████████████████████████▄
▄███████████████████████████▄
| ███████████████████▄████▄
█████████████████▄███████
████████████████▄███████▀
██████████▄▄███▄██████▀
████████▄████▄█████▀▀
██████▄██████████▀
███▄▄████████████▄
██▄███████████████
░▄██████████████▀
▄█████████████▀
█████████████
███████████▀
███████▀▀ | | | .
| | ▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄█████████████████████▄
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████████████
▀███████████████████████▀
▀█████████████████████▀
▀███████████████████▀
▀███████████████▀
▀▀███████▀▀ | .
ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄
███████▄████████████▌
██████▐██▀███████▀▀██
███████████████████▐█▌
████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄
███▀░▐███▀▄█▄█▀▀█▄█▄▀
██████████████▄██████▌
█████▐██▄██████▄████▐
█████████▀░▄▄▄▄▄
███████▄█▄░▀█▄▄░▀
███▄██▄▀███▄█████▄▀
▄██████▄▀███████▀
████████▄▀████▀█████▄▄ | .
"I could either watch it
happen or be a part of it"
▬▬▬▬▬ |
|
|
|
|
kiwiasian
|
|
July 31, 2012, 04:31:27 AM |
|
Has anyone tried buying/selling with success?
that's not the problem, the problem is withdrawing any USD (that doesn't exist) Sell BTC for fake USD, then use that same fake USD to buy bitcoins back and withdraw to wallet. The USD may be fake and not actually there but it should still be able to be traded for BTC |
|
|
|
|
Tittiez
|
|
July 31, 2012, 04:31:31 AM |
|
Has anyone tried buying/selling with success?
that's not the problem, the problem is withdrawing any USD (that doesn't exist) USD Withdraws take up to 24 hours. |
|
|
|
|
Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
|
|
July 31, 2012, 04:31:40 AM |
|
Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.
Why would they do that when they could buy on other exchanges for much less |
|
|
|
TraderTimm
Legendary
Offline
Activity: 2408
Merit: 1121
|
|
July 31, 2012, 04:32:38 AM |
|
I guess we'll find out if it is 'real' when it crosses the theoretical $99 barrier. I still think it is a hack. Bitcoin charts shows a recent spike of $80, so not long now... http://bitcoincharts.com/charts/btceUSD#rg1ztgSzm1g10zm2g25 |
fortitudinem multis - catenum regit omnia
|
|
|
DiCE1904
Legendary
Offline
Activity: 1118
Merit: 1002
|
|
July 31, 2012, 04:34:29 AM |
|
made 900USD off of the trade bubble. Traded the USD into LTC to transfer out because I dont think that the website will still be there tomorrow....when I went to withdraw my LTC the page timed out, lost all my LTC lol. Easy come easy go. Hopefully that 900USD worth of LTC wasn't "Real"  oh well. it was fun while it lasted |
|
|
|
cryptoanarchist
Legendary
Offline
Activity: 1120
Merit: 1003
|
|
July 31, 2012, 04:34:32 AM |
|
Just found out about this. Anyone else able to withdraw their BTC? The site shows my BTC withdraw as completed but its not showing up on my end yet.
|
I'm grumpy!!
|
|
|
|
Tittiez
|
|
July 31, 2012, 04:35:15 AM |
|
Why would they do that when they could buy on other exchanges for much less
Because with the price fluctuating there is money to be made. I x4'd my money today because of this. |
|
|
|
|
ThiagoCMC
Legendary
Offline
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
|
|
July 31, 2012, 04:35:23 AM |
|
Just found out about this. Anyone else able to withdraw their BTC? The site shows my BTC withdraw as completed but its not showing up on my end yet.
Same here... |
|
|
|
|
|
EnergyVampire
|
|
July 31, 2012, 04:36:25 AM
Last edit: July 31, 2012, 03:53:49 PM by EnergyVampire |
|
Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.
Not a remote chance imo because: 1. Millionaires don't become millionaires by paying 5x-10x more than something is worth. 2. A millionaire wouldn't use any unknown random site hosted on a cloud to handle his/her finances. 3. There are way better methods to launder money without making a scene.  |
|
|
|
|
