Bitcoin: Mtgox ist offline - Golem.de

Does this Tweet point to who was behind the MtGox heist and other hacks of prominent Bitcoin businesses?

Does this Tweet point to who was behind the MtGox heist and other hacks of prominent Bitcoin businesses? submitted by aminok to btc [link] [comments]

Does this Tweet point to who was behind the MtGox heist and other hacks of prominent Bitcoin businesses?

Does this Tweet point to who was behind the MtGox heist and other hacks of prominent Bitcoin businesses? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Greece Extradites Alleged Launderer of $4B in BTC Alexander Vinnik to France

Greece Extradites Alleged Launderer of $4B in BTC Alexander Vinnik to France

https://preview.redd.it/q6atl1s9zsc41.png?width=740&format=png&auto=webp&s=c3e1c7d91e92fe16d0f3b6f1de2461554ef90e0d
Greece’s Council of State ruled for the extradition to France of former operator of now-shuttered crypto exchange BTC-e and Russian national Alexander Vinnik.
English-language local news outlet Greek Reporter reported on the court’s decision on Jan. 23. Yesterday, Russian news agency TASS reported that Russian Foreign Minister Sergey Lavrov protested:
“The decision to extradite him to France is inadmissible as long as no explanations have been provided why he is not extradited to Russia. His family has been broken up, his right to life and health violated. Greece is obliged to hold prisoners in conditions that do not allow torture and bullying.”

Vinnik’s alleged crimes

As Cointelegraph reported in late-July 2017, Vinnik was arrested during a vacation in Greece by local police and accused of heading a group that laundered $4 billion in Bitcoin (BTC) over the course of six years.
Vinnik is believed to have a direct relationship with the infamous hack of cryptocurrency exchange Mt. Gox. The Bitcoin obtained through the heist was reportedly not only laundered by BTC-e but also were on Vinnik's wallet. The total amount is 300,000 BTC. The MtGox trustee also contacted the United States Department of Justice in search of information about Alexander Vinnik, the alleged former operator of BTC-e in early October 2019.
Earlier this week, his lawyers for Alexander Vinnik filed a complaint alleging violation of their defendant’s rights.
The litigation over where Vinnik should be extradited to has involved many countries and soon became a major diplomatic ordeal. Russia has both filed several requests with Greek judicial authorities and asked for help from the United Nations High Commissioner for Human Rights in an attempt to bring him under its jurisdiction.
Vinnik was first indicted by the U.S. in July 2017. The Supreme Civil and Criminal Court of Greece later ruled for his extradition to Russia in September 2018. In July 2018, however, a Greek court ruled to extradite him to France. Now, this is where Vinnik appears to be headed.
submitted by Au218 to u/Au218 [link] [comments]

Attention anyone with a significant sum of money on an exchange or other web wallet

  1. Go to https://www.bitaddress.org and save the page to a USB stick.
  2. Get a secure, completely offline computer.
  3. Put the USB stick in this computer and open up the page.
  4. Go to the Paper Wallet tab and check the BIP38 box.
  5. Enter a secure pass phrase (write it down someplace safe) and generate your paper wallets.
  6. Print the wallets.
  7. Withdraw your funds from the exchange to the "Load and Verify" QR code.
  8. Put the paper wallet somewhere safe.
Congratulations!
Now you won't become one of these people:
http://www.reddit.com/Bitcoin/comments/1rrnrg/39917_bitcoins_stolen_from_users_of_sheep_market/
http://www.reddit.com/Bitcoin/comments/1rs0bq/woke_up_to_an_email_from_mt_gox_there_has_been_a/
http://www.reddit.com/Bitcoin/comments/1fnna1/53_bitcoins_were_just_stolen_from_my_mt_gox/
http://www.reddit.com/Bitcoin/comments/1li3v9/102_btc_stolen_of_my_blockchain_can_anything_be/
http://www.reddit.com/Bitcoin/comments/1g4vwk/100_bitcoins_stolen_from_my_mtgox_account/
http://www.reddit.com/Bitcoin/comments/1rexob/bitcoin_payment_processor_bips_attacked_over_1m/
http://www.reddit.com/Bitcoin/comments/hzgja/computer_compromised_and_bitcoins_worth_500000/
http://www.reddit.com/Bitcoin/comments/1rjd9d/1295_bitcoins_stolen_in_heist/
http://www.reddit.com/Bitcoin/comments/1r9rtp/i_just_had_39_btc_stolen_from_my_mtgox_account/
If you do choose to leave any bitcoins online, use 2-Factor-Authentication!!!
Thanks to Amanojack for this disclaimer:
Do your own research about change addresses and other technical aspects before attempting to retrieve bitcoins from your paper wallets.
Thanks to kilorat for this reminder:
PRACTICE! Go through all the steps, then make sure you can load up the private key with a wallet software. Then once you know that you are doing it right, destroy the address and make a new one for real.
submitted by PotatoBadger to Bitcoin [link] [comments]

Quiz time: Name a bitcoin brokerage that will never have a headline ending with "... unable to repay customers following alleged heist"?

Answer: Novauri.
Sign up for our closed US beta in Q2 2015 and we will waive your purchase and sale fees. Forever.
Novauri is a bitcoin purchase and sale service going into a closed US beta in Q2 of this year. What's different about Novauri?
When you create your account with Novauri and generate a wallet, we never, ever have access to your private keys. This isn't an option, it's the design of the service. We even let you add your own address (such as a paper or hardware wallet), and we'll send bitcoin you buy directly to it.
So what? Why should you care?
This won't happen to you at Novauri.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or this.
Or dozens of others.
Novauri is designed to work safely with bitcoin and let you keep control of your money. We told you so then, and we are telling you again now. Services that pool any customer bitcoin are not safe, regardless of their level of security. Insiders are humans, and some of them steal and most of them can be manipulated.
We're clear to operate in the majority of US states for our online service, and we are working on the rest aggressively. Keeping a bank is always hard for a brokerage without powerful connections, but we are confident we will still launch in Q2 as promised.
Please sign up for our service and give us your support.
Thank you!
submitted by MrMadden to Bitcoin [link] [comments]

People are too lenient with Poloniex, this could end badly.

I remember thinking how the Mtgox spread didn't make any sense but nobody cared. I think this should have made us more careful about where we send our coins. But it has not. Companies that lack minimum transparency shouldn't get meaningful volumes.
I'm not saying Poloniex is a ponzi or a con. But I would put them in that group with Btce that most people don't trust too much. And this would result in a catastrophe if things went wrong because they get way too much volume from the the btceth pair. Their business is very profitable but an exit scam is not the only risk. They could be the victim of heist.
This is a company that is understaffed, not transparent and has already been hacked once.
I had a >100 btc withdrawal stuck with them waiting for approval for more than 24hours not so long ago with no answer despite serveral attempts to contact them. Never got an answer at all from the compliance/ withdrawal limit guy on skype. And got an answer by email way too late. Cost me an arm as I got the money out in eth and had to convert it back in the middle of the crash.
I guess they were refilling their hot wallet but it shouldn't take 24 hours and or at least they should make it known to you that they are refilling the wallet rather than leaving you in the dark.
I don't cry over the loss because it made me realize how foolish I was to trust them and got all the btc I had deposited there for lending out.
I would really like to see their btceth volume moving to Kraken or at least Bitfinex for peace of mind.
submitted by Taidiji to BitcoinMarkets [link] [comments]

A little math problem

Daily math problem:
You bought 10 Bitcoins at $900 in Jan 2017. You do a “bad trade” on ETH-BTC when BTC was at $19,500 in dec 2017: A trade that did not generate any gains in BTC value, same day, back to BTC on your wallet after it. (It just generates a tax liability event.) . Your tax bracket is 33% (bc you probably live in California). /!\ We make the hypothesis that the Bitcoin price drops to $6,300 at the moment you need to pay your taxes. (Futures, Tethers, Regulations...)
5 questions: A/ Easy: how many BTC do you have on your wallet on the 31st of dec 2017?
B/ Medium: what is the USD value of this BTC stack at the moment of the tax payment date? (Hint: btc price is $6,500)
C/ Hard: how much tax to you owe, in USD ?
D/ Easy: How many of your BTC do you need to cash out at the time of the tax payment date to pay this tax to the IRS ? (At the price hypothesis above)
E/ Easy: How many BTC and USD do you have left?
F/ Hard: based in the number of persons that will pay taxes on cryptos this year (your assumption), and the average wallet and tax gains: Will the amount of tax collected by the IRS be bigger than MtGox and Coincheck heists? (In USD)
:-) —————— (Note: question D implies that you don’t have money to pay otherwise) (Note2: it’s just a simple math exercice... don’t be an ass and look for the details ;-) )
submitted by stupid_seb to CryptoCurrency [link] [comments]

The recovery Bitfinex is experimenting with has a bad track record with cryptocurrency exchanges

MtGox was secretly operating on fractional reserve and we saw the results. Bitfinex might be a little more open with their plans but their plan for recovery is more risky and has a worse track record (yes, such a recovery has already been atempted withing the crypto-economy). Perhaps the remaining users of /bitcoin that got excited with the news don't remember Cryptorush.
Cryptorush was an altcoin exchange that experienced sudden growth at the time and suffered a big hack at its peak. The admin decided to keep the exchange operational and issued special tokens/shares for users that lost money. Of course nothing went as planned inspite of the fact that the hack was of a significantly smaller scale than the one performed on Bitfinex. It's also worth noting that the team behind the exchange abandoned ship shortly after the hack as the debt only kept getting bigger thanks to rising operational costs amid declining usage.
So, after seeing that the failure of what once was the biggest bitcoin exchange is now inevitable I'll have to ask, did we even shill that hard to deserve all this comedy gold?
submitted by butterNcois to Buttcoin [link] [comments]

To those who have been around since 2013 or prior, what event do you think is important for newbies to be aware of

There are certain precedents that have been set by certain events in the bitcoin industry that dictate how we view certain topics. Please help the newbies out by providing information about the event.
Also, if you just have something thats straight up just interesting. I know I would have loved that. At the bottom of this page i will link to a bunch of good reads about certain events. I will continue to add more info and some terms may lack explanations until i get around to getting the info together but you still have the option of googling it.
Here's a good place to start (although it's a bit outdated, these were all some of the biggest events in bitcoin)
I've always said that those of us who have been into bitcoin since 2013 and got to ride both the big bubbles (the april 2013 one and the late 2013 early 2014 one with mtgox happening shortly afterwards in feb i believe). People need to face consequences because of their actions and the problems mtgox was facing weren't a secret and lots of redflags caused many of the smarter users to stop using the exchange. If the Bitcoin community were in charge of the decisions made within the ethereum team, there would have never been a fork when the DAO hack happened. It allowed people to compromise many advertised principles of ethereum (immutability! Code is law! etc...) and worst of all it set precedent for people to start whining the next time there was a large amount of funds
Lesson teaching events
Google these terms to find more info, pm me if you're having trouble
Interesting reads
submitted by winlifeat to Bitcoin [link] [comments]

The BU Problem

I'm a long-term bitcoin investor, I don't care who is developing bitcoin as long as they are developing and keeping it alive, i don't care what miners making and censorship on /bitcoin. I see bitcoin as a bank in my pocket. I don't want to go shops and buy coffee for it, we have cash for that.
Also even with instant transactions, 0-fees, only a couple nerds will use bitcoin to buy coffee. Paypal have this features, but no body goes to shop for buying coffee with paypal transaction.
From what I see, let's don't be naive, with hard fork: If BTU replaces BTC, we all gonna lose our money. Price will go down to 100$'s maybe more. Probably some other coin will go up. Even talking about fork made the price go down %20.
Here's what's wrong with BU:
  1. You don't have enough nor capable developers, you only have 2 developers actually who have no sense of security. Here's proof: http://www.coindesk.com/code-bug-exploit-bitcoin-unlimited-nodes/
  2. Why the fuck you guys trying to assign a CEO to bitcoin, bitcoin is not a fucking company. It's like assigning CEO to torrent. I just only have 1 idea. You guys want crypto paypal.
  3. I don't trust Roger Ver, and you shouldn't. Here's proof. He's advertising MtGOX before MTGOX steal all of money of bitcoiners: https://www.youtube.com/watch?v=y4SCAw264qM After MtGOX heist, price went down to 100-200$, same will happen with hard fork. Even bitcoin may die.
  4. You are following two insanely rich guy, their only purpose makes themself richer. They don't give a shit about BTC nor community. They are just using you like puppets. Once they have what they wan't, they'll abanadon or fail you, mark my words.
So why are you guys still want fork? U want more blocks? Core developers suggested SegWit which provides that. If we need more blocksize, they can always create SegWit v2.
Conclusion: your stupid actions cost Bitcoin to go down %20, If fork success, nobody but nobody will trust you after losing their money. Miner business will be fucked up. I'm %100 sure the rich assholes you are following have some secret agenda to make more money but you don't.
submitted by fakerumor to btc [link] [comments]

Simplest possible MtGox explanation: Mark is locked out of the bank, due to an investigation that he is fully cooperating with.

We're all having a hard time believing that MtGox burned through over 700,000 BTC before noticing the malleability bugs in their system. It is possible to verify this, given the right logs, but I haven't found anyone with the logs, so far.
Mark has at least three lawsuits on his plate (Bitcoinica, CoinLab, and the seized US assets), and that does not include whatever investigations he was regularly forced to initiate on suspicious activity, or mention of MtGox by prosecutors during the Silk Road trial, or the police report he filed against mobsters well enough versed in identity theft to pull off the malleability heist. Now we hear that New York and Tokyo prosecutors are investigating as well. His operation is swimming in legal problems.
Mark has repeatedly indicated that he is not allowed to comment on such matters. This has never struck me as unusual, although I don't know how Japan works. The secrecy is sensible if there is a loose criminal to bust.
At some point, some prosecutor may have pointed around and said, "that's evidence". If they, at any point, pointed at the private keys, in the bank, Mark may simply not have access to the tools required to stay in business right now. One reason they may have locked him out is that Mark's personal assets were kept in MtGox, and there may be accusations against his person, or a no-option deal with prosecutors requiring a bond.
If he is severely bound against describing the investigation, then the theft explanation may be the best he is allowed, at the unfortunate moment he is looking for a less-burdened buyer. It is also not, strictly speaking, a lie.
Mark has lost his company's reputation, his coding reputation, and access to his bitcoins; but he can still live with himself (and maybe survive a trial in court) if he maintains his honesty.
I think this is easier to believe than losing all the coins without noticing. If anyone has that tx log, we could check.
submitted by confident_lemming to Bitcoin [link] [comments]

Crowd Detectives reveal MT.GOX Bitcoin Heist as Inside Job.

source link: Crowd Detectives reveal MT.GOX Bitcoin Heist as Inside Job.
poster: smashdracs, original conspiracy link
Discourse level: 94%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

Japan sanctions Coincheck after hackers steal cryptocurrency worth $530 million

This is the best tl;dr I could make, original reduced by 64%. (I'm a bot)
Following the biggest cryptocurrency heist in recent times, Japan on Monday imposed sanctions on virtual currency exchange Coincheck after hackers stole hundreds of millions of dollars in digital assets from the Tokyo-based firm.
Units of the cryptocurrency NEM worth $530 million were taken - based on the exchange rate on Friday - exceeding even the $480 million in bitcoin stolen from the MtGox exchange in 2014.
Coincheck suspended trading of all cryptocurrencies except bitcoin on Friday, and said it had lost 523 million units of NEM, the 10th biggest cryptocurrency in the world based on market capitalisation.
The agency will supervise Coincheck to ensure the measures are being implemented and contracts are being honoured, Chief Cabinet Secretary Yoshihide Suga said at a regular briefing.
As many as 10,000 businesses in Japan are thought to accept bitcoin, and bitFlyer - the country's main bitcoin exchange - saw its user base grow beyond one million in November.
In the wake of the MtGox scandal, Japan passed a law on cryptocurrencies that requires exchanges to be regulated by the FSA. The law went into effect in 2017.
Summary Source | FAQ | Feedback | Top keywords: Coincheck#1 cryptocurrency#2 exchange#3 bitcoin#4 million#5
Post found in /technology.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

11-16 09:42 - 'To those who have been around since 2013 or prior, what event do you think is important for newbies to be aware of' (self.Bitcoin) by /u/winlifeat removed from /r/Bitcoin within 6-16min

'''
There are certain precedents that have been set by certain events in the bitcoin industry that dictate how we view certain topics. Please help the newbies out by providing information about the event.
Here's a good place to start (although it's a bit outdated, these were all some of the biggest events in bitcoin) [Topic: Topic: List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses (bitcointalk.org)]1
I've always said that those of us who have been into bitcoin since 2013 and got to ride both the big bubbles (the april 2013 one and the late 2013 early 2014 one with mtgox happening shortly afterwards in feb i believe). People need to face consequences because of their actions and the problems mtgox was facing weren't a secret and lots of redflags caused many of the smarter users to stop using the exchange.
'''
To those who have been around since 2013 or prior, what event do you think is important for newbies to be aware of
Go1dfish undelete link
unreddit undelete link
Author: winlifeat
1: https://bitcointalk.org/index.php?topic=576337
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] To those who have been around since 2013 or prior, what event do you think is important for newbi...

The following post by winlifeat is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7dbbaz
The original post's content was as follows:
There are certain precedents that have been set by certain events in the bitcoin industry that dictate how we view certain topics. Please help the newbies out by providing information about the event.
Here's a good place to start (although it's a bit outdated, these were all some of the biggest events in bitcoin) Topic: Topic: List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses (bitcointalk.org)
I've always said that those of us who have been into bitcoin since 2013 and got to ride both the big bubbles (the april 2013 one and the late 2013 early 2014 one with mtgox happening shortly afterwards in feb i believe). People need to face consequences because of their actions and the problems mtgox was facing weren't a secret and lots of redflags caused many of the smarter users to stop using the exchange.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

WizSec: Breaking open the MtGox case

This is the best tl;dr I could make, original reduced by 78%. (I'm a bot)
We won't beat around the bush with it: Vinnik is our chief suspect for involvement in the MtGox theft.
In total some 300,000 BTC ended up on BTC-e, while other coins were deposited to other exchanges, including MtGox itself.
Some of the funds moved to BTC-e seem to have moved straight to internal storage rather than customer deposit addresses, hinting at a relationship between Vinnik and BTC-e. The stolen MtGox coins were not the only stolen coins handled by Vinnik; coins stolen from Bitcoinica, Bitfloor and several other thefts from back in 2011 and 2012 were all laundered through the same wallets.
Moving coins back onto MtGox was what let us identify Vinnik, as the MtGox accounts he used could be linked to his online identity "WME".
Having identified the actual transactions for the bulk of the stolen MtGox bitcoins, we traced them and clustered all addresses involved, quickly finding that other stolen coins were making their way into the same wallets.
As some coins were deposited back to MtGox, we could identify which accounts were used to receive them; two in particular were of interest, and were possible to link to the online identity "WME".
Summary Source | FAQ | Feedback | Top keywords: MtGox#1 coins#2 Vinnik#3 identify#4 laundered#5
Post found in /Bitcoin, /mtgoxinsolvency, /btc, /Bitcoin, /Monero, /litecoin, /Buttcoin and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Attack vectors on BTC exchanges not addressed: Armed Robbery

Anybody else think it's only a matter of time until professional thieves discover where the offices of Mtgox, Coinlab, Bitcoin24, Bitstamp and all the other exchanges then storm them with guns while presenting an address to transfer the cold wallet to?
Hell, if they're willing to risk years in jail shooting at bank security guards, armored cars and heisting aircraft shipments of gold what's to stop them from doing this? From what I've read there is zero physical security at any of these exchanges and no word if they have insurance against theft, or if bitcoin is even possible to be insured.
The yakuza in Japan will rob rival micro brothels just to get a few hundred dollars. What's to stop them walking into Gox office, sticking a handgun in Mark's face and demanding all the BTC. If they get caught, they don't lose the money because it has been transferred to their own secret cold wallet address handled by other gang members, or simply backed up to an encrypted wallet kept somewhere hidden, or a paper wallet, or a brain wallet. They could tattoo the private keys on their arms in code and sit out their 5yrs in prison emerging as multi millionaires.
Does anybody know if the BTC exchanges take this threat seriously? Bankers can get away with not having 24/7 armed security because their money is easy to trace and insured. Bitcoin is lost forever.
Bitcoin rising value adds a whole new dimension to criminal organized robbery and kidnapping for BTC ransom payments. From what I've read about exchange operators being interviewed by the press, and photos of their office, the only thing protecting them from an armed gang bursting in and waving guns is: nothing.
submitted by Derpcoin to Bitcoin [link] [comments]

you people...

... you people. What on earth makes any of you delusional speculators think that bitcoin could fundamentally justify trading for $700, $600, $500 if its not safer or more secure than "cash". Security and anonymity were really the only intrinsically valuable things the currency had going for them, and MTGOX is about to be embroiled in one of the largest bank heists of all time. You are all being suckered, and you're shouting down everybody who is trying to warn/save you. Bitcoin was trading on news. that's what caused its price to surge in the first place. it's still trading on news. It's one of the most obvious examples of a bubble in financial history. Wake up and smell the roses.
submitted by arnapoli to Bitcoin [link] [comments]

So I just watched the interview with the Mt. Gox guys, and have some questions

According to this post: https://support.mtgox.com/entries/20208066-huge-bitcoin-sell-off-due-to-a-compromised-account-rollback
And the video interview that is now ending site itself was not compromised, but off-site read only database access was given to a financial auditor who was compromised.
This raises some very important questions:
submitted by go1dfish to Bitcoin [link] [comments]

GoxBTC Holders Thread...whatcha gonna do now?

So I jumped in bought 1.42BTC worth of GoxBTC for an average buy in @ 0.27 and there is no way I am going to sell them without a statement that there is no way I am not going to see ownership of these.
Now that being said, here is my position and I am interested in what others are:
I decided that I was going to leave my GoxBTC in the BitcoinBuilder wallet due to the wording of this paragraph on their FAQ:
What happens to my "gox" BTC if MtGox disappears with everybody's BTC, or decides the bitcoin builder "gox" BTC are invalid?
We would do our utmost to reclaim the funds of course... but this is > exactly the risk you are taking on when agreeing to buy "gox" BTC at > a discount. Caveat emptor!
.... if Gox went tits up, which it totally finally did, that to recoup anything from this gamble my best bet would be to leave my balance with BitcoinBuilder and let them pursue getting the BTC they are owed versus me going after the 5.2244 myself.
That was my gamble if this scenario played out and it totally has.
What I want to know is...who was stealing the BTC and for how long...it is suggested it was for a looonnnngg time.
That person must be shitting themselves laughing right now..
kind of hate you right now but gotta give you props for the heist Bro....now go eat a dick asshole!! :D
Hope nobody lost the farm on this one, it was pretty clearly a hail mary throw and if caught would have roooooocccckkk haha
edit: I am verified on Gox on ages ago but never really used them for trading much, just a little back after the april 2013 crash. Stuck with cavirtex and VoS.
submitted by mryddlin to BitcoinMarkets [link] [comments]

Time to think of the effect of a MtGox failure and it's effect on Bitcoin in general.

Not wanting to spread fear and anxiety in the Bitcoin world but on reading today's statement by MtGox I am lead to think that the problem with MtGox completing withdrawal requests/transactions is not because of computer technical issues as they try to say in the first part of their statement today. Reading down to the end of their statement they say the following "This problem applies primarily to larger transactions, so we appreciate your patience as we fix the issue. Smaller transactions should be fine in the meantime, and we will update you on the status as soon as possible." Logic screams that this is not a case of a computer system issue because if it was the size of the trade would not be a factor. Only being able to effect low value/quantity withdrawals points to a Bitcoin liquidity issue. Which raises more questions. Have they been hit with a major Bitcoin heist that they are covering up? Has someone on the inside made off with a stack of Bitcoins? And finally and more importantly what would the effect of an exchange failure as large as MtGox have on the Bitcoin market? In my opinion in the absence of regulations policing and controlling Bitcoin operator's a greater diversity of Bitcoin exchanges is needed in order to cushion the effects of a single exchange failure. I don't mind pure market forces sorting out an exchanges own internal lack of security diligence with the market withdrawing en mass from it and the exchanges subsequent failure. Kind of the antithesis of too big too fail concept. True market forces are often messy and can be cruel but like democracy itself with its own in inefficiencies it is the best we have with the alternative being totalitarian control. So again in the absence of controlling regulations and the default cure of animal motivation and market forces let's be prepared for an exchange failure. Build it in to decision making and develop diversity of competition at all levels of the Bitcoin eco system. And let's re thing and examine the conceptual structure of exchanges themselves. Should they be pure exchanges used for exchanging BTC into other (monetary) values with depository/storing done elsewhere or is the current exchange with storage an acceptable and safe model? Time for some serious thinking and even action ahead of the nightmare collapse.
submitted by SmartMetric to Bitcoin [link] [comments]

Stop Complaining about Tipping

This will probably get a ton of down votes, but can people stop complaining about others tipping? Sure if someone lost all of their bitcoins, worth millions, being tipped a few dogecoins may appear as an insult. But I doubt anyone actually meant to taunt or insult someone who lost their money.
I think people tipping are genuinely trying to be nice, because that's what we, as a community, do --- we're nice and try to help others. A ten cent tip does not make up a $2M loss, but I think it shows that we care. When people lost a lot of dogecoins because of a so-called heist, we tried to help these shibes get their dogecoins back, by raising funds for them. We won't be able to help every single person to the fullest, but tipping shows that anyone who lost their money in the MtGox shutdown is not alone. It may take them a while to realize it, but soon enough, everyone will realize that even with falling prices, the Dogecoin community tried, at the best of its ability, to help the Bitcoin community.
So, don't complain about people tipping. We're a nice community, and tipping is how we show it.
submitted by F3AR3DLEGEND to dogecoin [link] [comments]

4/9/14 - BTCJam, Mark Karpeles avoids US, eGifter & GoCoin, Bitcoin ATMs Mt GOX What Really Happen?  Biggest Bitcoin Heist Watching The Detectives: Privacy Coins & Protocols Flood of Mt. Gox payouts could trigger bitcoin crash - YouTube BITCOIN EXCHANGE MT. GOX COLLAPSE - MtGox Offline Amid Rumours of THEFT. 75k Bitcoins Missing

Bitcoin-Block-Explorer bestätigen, dass die Adresse derzeit 79.956 Bitcoin enthält, die “nicht ausgegeben” ist. Sehen Sie selbst: Block-Explorer “Nur damit wir uns richtig verstehen: Craig Wright hat gerade offen zugegeben (über seine Anwälte), der Typ zu sein, der 80.000 BTC von Mtgox gestohlen hat. Ganz einfach: Die Bitcoin-Kurse unterliegen regelmäßig zum Teil starken Schwankungen (derzeit bis zu 20 Prozent). Man könnte dadurch innerhalb kürzester Zeit unverhältnismäßige Verluste einfahren. Hinzu kommt die Tatsache, dass die Gesetzgeber Bitcoins in Zukunft vermutlich noch strenger überwachen werden in Bezug auf Geldwäsche. Ebenfalls kann es passieren, dass durch Viren oder ... Das heißt du kannst zur Zeit dort für unter 100 € Bitcoins erwerben diese allerdings nicht transferieren. Heißt die liegen dort fest solange mtgoxdas nicht wieder freigibt. Heißt könntest theoretisch dort für 500€ 5 Bitcoins erwerben und die dann sobald der Transfer wieder da geöffnet ist für den normalen Marktpreis verkaufen. Vermutlich versuchen die Betreiber von mtgox auch genau ... Mt.Gox, einst die größte und bekannteste Plattform für Bitcoin-Handel, hat in einer nicht mehr genutzten virtuellen Geldbörse ("Wallet") 200.000 Einheiten der Krypto-Währung gefunden. Das heißt auch: Wenn der sogenannte Private Key, also der Zugangsschlüssel zu einem Bitcoin-Konto, gestohlen oder zerstört wird, hat man keine Möglichkeit mehr, an das Geld zu kommen.

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4/9/14 - BTCJam, Mark Karpeles avoids US, eGifter & GoCoin, Bitcoin ATMs

BITCOIN EXCHANGE MT. GOX COLLAPSE - MtGox Offline Amid Rumours of THEFT. 75k Bitcoins Missing Bitcoin exchange Mt. Gox has received a subpoena from federal prosecutors in New York, the Wall Street ... Peer-to-peer bitcoin lending platform BTCJam has shut down after it was discovered bitcoins were being stolen from customer accounts, the heist appears to have been enabled by a Heartbleed bug ... Регистрация 0:21 Пополнение баланса 0:40 Как делать ставки 1:10 Вывод средств 2:55. Das heißt, dass ich eine Provision verdienen könnte, wenn du über mein Video einkaufst. Diese Provision wird vom Verkäufer getragen und kostet dich nichts. Damit unterstützt du mich aber ... One of the largest online exchanges for Bitcoins, a digital cryptocurrency "mined" by computers, has closed down amid allegations of theft. The founder of the Tokyo-based Mt. Gox website admitted ...

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