mb300sd
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Activity: 1260
Merit: 1000
Drunk Posts
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July 31, 2012, 03:37:33 AM |
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Theres another possibility, and lets hope that it is - some whale's LR account got hacked, and the USD on BTC-e is real.
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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boozer
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July 31, 2012, 03:37:46 AM |
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Wow, over 94,000 BTC in block 191622.... With all the transactions in the last few hours, definitely a lot of coins moving around.
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JoelKatz
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Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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July 31, 2012, 03:41:24 AM |
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I posted the BTC address for my jet ski wear ring fund in the chat, 1KYZrqHjJAXntGhpBVqv9gdoGbFNircvKn, and someone sent it .01 BTC.
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I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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dree12
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Activity: 1246
Merit: 1077
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July 31, 2012, 03:45:36 AM |
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Maybe btce had their own reserve stacked on the sells, thats a lot of coins.
That would be a disaster. If true, even BTC will fail to maintain value. |
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ThiagoCMC
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Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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July 31, 2012, 03:46:20 AM |
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Why the btc-e is still running?!?!
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dree12
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Activity: 1246
Merit: 1077
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July 31, 2012, 03:47:33 AM |
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Why the btc-e is still running?!?!
They have not woken up yet; it's still 7:47 in Moscow. Any luck on your withdrawal? You should be hoping BTC-E still runs! |
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niooron
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July 31, 2012, 03:47:55 AM |
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Why the btc-e is still running?!?!
The owner is sleeping, and they have no contact info. |
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kiba
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Activity: 980
Merit: 1014
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July 31, 2012, 03:48:46 AM |
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The owner is up for a rude awakening.
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dree12
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Activity: 1246
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July 31, 2012, 03:50:12 AM |
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So what that means if you will very soon see HYPER INFLATION on the BTC-E exchange. Think of BTC as the "goods" in the BTC-E economy. The BTC-E USD money supply has been massively inflated but the amount of "goods" (BTC) hasn't. This is the recipe for massive inflation. It was inflated by the hacker/counterfeiter. Normally we think of central banks as the one doing inflating and generally that is true in major economies however any increase in money supply (even illegal ones like counterfeiting) causes inflation As people realize this they will dump USD for BTC driving the price higher and higher and higher. $50, $100, $500, maybe even $25,000 USD per BTC.
By the way, there is a hard cap at $99.99 USD per BTC. So, unfortunately, that will be the equilibrium price. The rest of the BTC will not be sold. |
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kiba
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Activity: 980
Merit: 1014
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July 31, 2012, 03:53:19 AM |
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Huge spam of small transfers just stopped on bitcoin monitor
Wonder what that means? Are the bitcoin holders who have an account there are made whole or wut? Seems unlikely to me. |
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ThiagoCMC
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Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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July 31, 2012, 03:54:24 AM |
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Why the btc-e is still running?!?!
They have not woken up yet; it's still 7:47 in Moscow. Any luck on your withdrawal? You should be hoping BTC-E still runs! Still pending somewhere at BTC-e subsystem/queue... Thanks for asking! ^^ It still runs but, seems useless... Right?! :-P |
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Mike Jones
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Activity: 14
Merit: 0
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July 31, 2012, 03:54:50 AM |
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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.
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dree12
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Activity: 1246
Merit: 1077
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July 31, 2012, 03:54:59 AM |
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Clearly, Mr. Wubbles is trolling. He claimed he: MrWubbles: I stole the exchanges coin
MrWubbles: in their cold storage wallet
Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer. |
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kiba
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Activity: 980
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July 31, 2012, 03:56:30 AM |
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Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.
Why is it unlikely btc-e have no cold storage wallet. Doesn't all exchange have a cold wallet? |
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Garr255
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Activity: 938
Merit: 1000
What's a GPU?
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July 31, 2012, 03:57:15 AM |
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MrWubbles is the self proclaimed hacker, and look what he has to say...  |
“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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dree12
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Activity: 1246
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July 31, 2012, 03:58:13 AM |
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Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.
Why is it unlikely btc-e have no cold storage wallet. Doesn't all exchange have a cold wallet? Btc-e does not have a good track record for security. Considering a SQL injection likely killed them, a cold wallet would be surprising. |
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silverbox
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Activity: 966
Merit: 1003
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July 31, 2012, 03:58:40 AM |
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I like how on the BTC-E page it says:
"Our advantages:
•Trading in automatic mode.
•Addition USD deposits within 24 hour
•Instant deposit/withdrawal all coin
•USD Withdrawal within 24 hours
"
Yup really advantageous..
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Herodes
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July 31, 2012, 03:59:04 AM |
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Clearly, Mr. Wubbles is trolling. He claimed he: MrWubbles: I stole the exchanges coin
MrWubbles: in their cold storage wallet
Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer. Agreed, unlikely they have cold storage. However, there may be people who have backups of the cold storage wallet on the same live system, and if the vps (if it runs on a vps) is compromised, there may be clues leading to further compromise of personal computers for instance, if more servers are used. Poor admin (unless he's in on it of course) |
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ThiagoCMC
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Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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July 31, 2012, 04:00:53 AM |
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Checkmate BTC-e!
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dree12
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Activity: 1246
Merit: 1077
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July 31, 2012, 04:01:33 AM |
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Clearly, Mr. Wubbles is trolling. He claimed he: MrWubbles: I stole the exchanges coin
MrWubbles: in their cold storage wallet
Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer. Agreed, unlikely they have cold storage. However, there may be people who have backups of the cold storage wallet on the same live system, and if the vps (if it runs on a vps) is compromised, there may be clues leading to further compromise of personal computers for instance, if more servers are used. Poor admin (unless he's in on it of course) 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. |
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