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repentance
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July 31, 2012, 05:20:43 AM |
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It would not be very hard. But what about cost of implementation? Who in the right mind would pay to implement that type of system for the thousands of users of BTC-E?
Sorry, I meant only for the alarm to notify the site owner so that they can suspend trading, back up the database, take the site offline or whatever. More than once, bad stuff has happened while owners are asleep and no-one's been able to contact them to let them know strange shit is happening. In the physical business world, there's usually a system in place for businesses to be contacted if they're broken into out of hours. |
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Yankee (BitInstant)
Legendary
 Offline
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
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July 31, 2012, 05:24:20 AM |
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It would not be very hard. But what about cost of implementation? Who in the right mind would pay to implement that type of system for the thousands of users of BTC-E?
Sorry, I meant only for the alarm to notify the site owner so that they can suspend trading, back up the database, take the site offline or whatever. More than once, bad stuff has happened while owners are asleep and no-one's been able to contact them to let them know strange shit is happening. In the physical business world, there's usually a system in place for businesses to be contacted if they're broken into out of hours. I agree. Every exchange and Bitcoin holder should implement and build something to this sort. |
Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer. More about me: http://CharlieShrem.com |
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ThiagoCMC
Legendary
Offline
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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July 31, 2012, 05:24:33 AM |
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My exchange in development already have a different wallet for each user. |
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ThiagoCMC
Legendary
Offline
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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July 31, 2012, 05:25:23 AM |
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It would not be very hard. But what about cost of implementation? Who in the right mind would pay to implement that type of system for the thousands of users of BTC-E?
Sorry, I meant only for the alarm to notify the site owner so that they can suspend trading, back up the database, take the site offline or whatever. More than once, bad stuff has happened while owners are asleep and no-one's been able to contact them to let them know strange shit is happening. In the physical business world, there's usually a system in place for businesses to be contacted if they're broken into out of hours. I agree. Every exchange and Bitcoin holder should implement and build something to this sort. This isn't difficulty to implement. |
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JoelKatz
Legendary
Offline
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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July 31, 2012, 05:25:53 AM |
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My exchange in development already have a different wallet for each user.
So you don't plan to do hot/cold wallets? Or you are going to have two wallets for each user? |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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Transisto
Donator
Legendary
Offline
Activity: 1731
Merit: 1008
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July 31, 2012, 05:26:54 AM |
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07-31 00:21:38 buy 40 1989.9 79596
07-31 00:21:37 buy 40 1984.41 79376.4
07-31 00:21:36 buy 40 1986.34 79453.6
07-31 00:21:35 buy 40 1987.18 79487.2
07-31 00:21:34 buy 40 1984.41 79376.4
07-31 00:21:32 buy 40 1983.99 79359.6
07-31 00:21:32 buy 40 2.1984 87.936
07-31 00:21:31 buy 40 1.8016 72.064
07-31 00:21:31 buy 30 1984.39 59531.7
07-31 00:21:30 buy 30 1985.94 59578.2
07-31 00:21:29 buy 30 1986.93 59607.9
07-31 00:21:28 buy 30 1984.94 59548.2
07-31 00:21:28 buy 30 1987.19 59615.7
07-31 00:21:27 buy 30 1985.94 59578.2
07-31 00:21:26 buy 30 1984.48 59534.4
07-31 00:21:25 buy 30 1986.19 59585.7
07-31 00:21:24 buy 30 1983.96 59518.8
07-31 00:21:22 buy 30 1988.04 59641.2
07-31 00:21:20 buy 30 1976 59280
07-31 00:21:19 buy 30 951.006 28530.18
07-31 00:21:19 buy 25 1035.92 25898
07-31 00:21:18 buy 25 1984.95 49623.75
07-31 00:21:17 buy 25 1985.54 49638.5
07-31 00:21:16 buy 25 1986.69 49667.25
07-31 00:21:16 buy 25 1982.48 49562
07-31 00:21:15 buy 25 5 125
07-31 00:21:15 buy 25 1567.42 39185.5
07-31 00:21:15 buy 20 416.641 8332.82
07-31 00:21:14 buy 20 5 100
07-31 00:21:14 buy 20 1993.15 39863
07-31 00:21:14 buy 20 15 300
07-31 00:21:13 buy 20 1993.13 39862.6
07-31 00:21:13 buy 20 976.088 19521.76
07-31 00:21:13 buy 20 1960.2 39204
07-31 00:21:13 buy 20 392.342 7846.84 that's more than 1.6 million $ of most likely fake USD to purchase and withdraw BTCs at prices arround 40btc |
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ThiagoCMC
Legendary
Offline
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
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July 31, 2012, 05:29:25 AM |
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My exchange in development already have a different wallet for each user.
So you don't plan to do hot/cold wallets? Or you are going to have two wallets for each user? What I can tell you is that it'll have many security layers. And the entire project will be open sourced, FOR THE WIN!! |
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Slushpuppy
Member
Offline
Activity: 106
Merit: 10
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July 31, 2012, 05:59:14 AM |
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This stuff has to happen if we are ever to learn. Bitcoins will always be solid, but exchanges have aways to go.
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
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July 31, 2012, 06:00:27 AM |
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07-31 00:21:38 buy 40 1989.9 79596
07-31 00:21:37 buy 40 1984.41 79376.4
07-31 00:21:36 buy 40 1986.34 79453.6
07-31 00:21:35 buy 40 1987.18 79487.2
07-31 00:21:34 buy 40 1984.41 79376.4
07-31 00:21:32 buy 40 1983.99 79359.6
07-31 00:21:32 buy 40 2.1984 87.936
07-31 00:21:31 buy 40 1.8016 72.064
07-31 00:21:31 buy 30 1984.39 59531.7
07-31 00:21:30 buy 30 1985.94 59578.2
07-31 00:21:29 buy 30 1986.93 59607.9
07-31 00:21:28 buy 30 1984.94 59548.2
07-31 00:21:28 buy 30 1987.19 59615.7
07-31 00:21:27 buy 30 1985.94 59578.2
07-31 00:21:26 buy 30 1984.48 59534.4
07-31 00:21:25 buy 30 1986.19 59585.7
07-31 00:21:24 buy 30 1983.96 59518.8
07-31 00:21:22 buy 30 1988.04 59641.2
07-31 00:21:20 buy 30 1976 59280
07-31 00:21:19 buy 30 951.006 28530.18
07-31 00:21:19 buy 25 1035.92 25898
07-31 00:21:18 buy 25 1984.95 49623.75
07-31 00:21:17 buy 25 1985.54 49638.5
07-31 00:21:16 buy 25 1986.69 49667.25
07-31 00:21:16 buy 25 1982.48 49562
07-31 00:21:15 buy 25 5 125
07-31 00:21:15 buy 25 1567.42 39185.5
07-31 00:21:15 buy 20 416.641 8332.82
07-31 00:21:14 buy 20 5 100
07-31 00:21:14 buy 20 1993.15 39863
07-31 00:21:14 buy 20 15 300
07-31 00:21:13 buy 20 1993.13 39862.6
07-31 00:21:13 buy 20 976.088 19521.76
07-31 00:21:13 buy 20 1960.2 39204
07-31 00:21:13 buy 20 392.342 7846.84 that's more than 1.6 million $ of most likely fake USD to purchase and withdraw BTCs at prices arround 40btc Any chance the money came from sold LTC that were forked due to successful 51% attack? |
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dust
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July 31, 2012, 06:04:46 AM |
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Any chance the money came from sold LTC that were forked due to successful 51% attack?
No. The exchange owner confirmed it was a hack, and we can assume the hacker created large amounts of fake usd. The amount of usd involved was an order of magnitude higher than LTC's market cap. |
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JoelKatz
Legendary
Offline
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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July 31, 2012, 06:04:57 AM |
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Any chance the money came from sold LTC that were forked due to successful 51% attack?
No. http://marketscry.info/?s=ltcusd&t=5000 |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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repentance
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July 31, 2012, 06:09:40 AM |
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This stuff has to happen if we are ever to learn. Bitcoins will always be solid, but exchanges have aways to go.
Pretty slow learners then. It's not like any of the hack/cracks to date have been sophisticated or involved zero day exploits. |
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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Matthew N. Wright
Untrustworthy
Hero Member
Offline
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
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July 31, 2012, 06:12:04 AM |
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This stuff has to happen if we are ever to learn. Bitcoins will always be solid, but exchanges have aways to go.
Pretty slow learners then. It's not like any of the hack/cracks to date have been sophisticated or involved zero day exploits. Amen to that. |
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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July 31, 2012, 06:16:34 AM |
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bitcoin
better than television any day of the week
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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DareC
Member
Offline
Activity: 83
Merit: 10
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July 31, 2012, 06:42:25 AM |
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So, how low do you all think BTC will go with tomorrow's inevitable post-hack panic sales? I'm calling $4.50.
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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July 31, 2012, 06:43:35 AM |
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So, how low do you all think BTC will go with tomorrow's inevitable post-hack panic sales? I'm calling $4.50.
It's ramped to $9.3 so far tonight, so I'm calling $9.8 by the end of the week. |
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DareC
Member
Offline
Activity: 83
Merit: 10
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July 31, 2012, 06:47:16 AM |
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Just wait until BTC-E reverses transactions and/or refuses USD withdrawals.
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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July 31, 2012, 06:47:48 AM |
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Just wait until BTC-E reverses transactions and/or refuses USD withdrawals.
No thanks... this train has left the station. |
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alexanderanon
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July 31, 2012, 06:48:16 AM |
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bitcoin
better than television any day of the week
When this shit happens the particular thread/forum feels like  when it's more like  |
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