Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

betabeat.com

Post reply on HN
Print view View original

21–28 of 28 posts

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#21

Post by walexander »

ashconnor wrote: post #20
microtherion wrote: post #5

It's also interesting to see how, despite one of the initial design objectives of bitcoin being a currency beyond the reach of government intervention, users now want the police to investigate bitcoin related mishaps. As Kim Stanley Robinson might have put it: "That's libertarians for you — anarchists who call the police to get their bitcoins back."

It doesn't help that America has bastardized the meaning of Libertarian to mean pro-Capitalist neo-liberal whilst the original meaning (and today's meaning in the rest of the world) is equivalent to anarchism or Libertarian Socialism.

'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'

Can we please take the rhetoric back to reddit.

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#22

Post by SkyMarshal »

owenmarshall wrote: post #19
SkyMarshal wrote: post #9

Earlier quoted context omitted.

Pretty sure that if you want to trade BTC on an exchange, there's no other way but to deposit your currency in their wallet. Otherwise, how can the exchange ensure your counterparty that they'll get your money if your bids are matched? Same with real money exchanges, you have to deposit your money into their account before you can trade.

You are absolutely correct. But that doesn't really change anything. Placing your BTC in an exchange's wallet means you are trusting that exchange. I don't really trust exchanges -- I still use them, but I never transfer extra BTC in, and I always transfer 100% of the BTC I buy into my wallet. After the Mt. Gox hack, it came out that many people were buying BTC and leaving it in Mt. Gox' wallet . That's a colossal mi…

Ah yes, completely agree there.

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#23

Post by corin_ »

elliottcarlson wrote: post #17
drivingmenuts wrote: post #12

Isn't this the equivalent of calling the FBI on someone raiding the guild bank? It's not real currency, in the government-backed sense. The FBI might go after someone for the hacking, but I fail to see how they could prosecute anyone for theft.

No - If someone steals your Word document from your computer, then that is data theft - it doesn't matter if it contained your grocery list or a business plan that was sure to net you millions. It is just data but the value is there to you, even if someone else thinks that business plan is worthless, so someone taking that away from you is still some form of theft.

But on the other hand, if I write a piece of text and upload it to, say, Google Docs, I can't sue them for theft if they lose that data.

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#24

Post by blhack »

cturner wrote: post #6

If anyone has been looking to get into bitcoin, the spot price is a lot lower at the moment than it was a few weeks ago when all the media was focussed on it. (I increased my position over last few days at slightly lower prices.)

Yeah, but doesn't it take a few days to get your money to one of the exchanges? (Like mtgox?)

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#25

Post by shadowfox »

walexander wrote: post #21
ashconnor wrote: post #20

Earlier quoted context omitted.

It doesn't help that America has bastardized the meaning of Libertarian to mean pro-Capitalist neo-liberal whilst the original meaning (and today's meaning in the rest of the world) is equivalent to anarchism or Libertarian Socialism.

'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.' Can we please take the rhetoric back to reddit.

> 'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'

Not the OP and I may be misunderstanding the point of this. But don't we need some common definitions/clarification on usage in order to discuss things?

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#26

Post by thisisnotme »

This is awesome.

The site looked like it was put together by a novice and didn't even have a reset password system.

If someone set up a bank with no banking and no ownership identify on the internet, would you send them an envelope full of cash?

If the creator of this site made off with the money, good for him. It was the perfect con.

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#27

Post by elliottcarlson »

corin_ wrote: post #23
elliottcarlson wrote: post #17

Earlier quoted context omitted.

No - If someone steals your Word document from your computer, then that is data theft - it doesn't matter if it contained your grocery list or a business plan that was sure to net you millions. It is just data but the value is there to you, even if someone else thinks that business plan is worthless, so someone taking that away from you is still some form of theft.

But on the other hand, if I write a piece of text and upload it to, say, Google Docs, I can't sue them for theft if they lose that data.

When you use Google Docs you are agreeing to their terms and conditions which include limitations of liability for loss of data, loss of business and loss of profit[1]. If you were using a service that promised you that your data was safe and secure, and placed no such limitations because you were paying an arm and a leg for that peace of mind, well then you could sue them if the data were lost.

[1] http://www.google.com/accounts/TOS (see 15.1 A and B3)

Re: MyBitCoin Team Responded to Hacker Attack by Getting Shitfaced

#28

Post by cturner »

blhack wrote: post #24
cturner wrote: post #6

If anyone has been looking to get into bitcoin, the spot price is a lot lower at the moment than it was a few weeks ago when all the media was focussed on it. (I increased my position over last few days at slightly lower prices.)

Yeah, but doesn't it take a few days to get your money to one of the exchanges? (Like mtgox?)

I've been using britcoin and find the guy pretty responsive. Last payment was received and handled within 24 hours.
Post reply on HN