41–50 of 70 posts
How do we know this isn't an inside job?
> Every time a company loses somebody else's bitcoins, the main assumption should be that it was an inside job. It's way too easy for a company to take the money and say that they were hacked.
http://www.reddit.com/r/Bitcoin/comments/1rexob/bitcoin_paym...
Is it time for a PCI-like consortium that will validate your bitcoin storage security procedures? (Not that PCI is guarantee of anything, but at least following it prevents you from having full credit card data lying around in files).
I.e. analyze your fail-safes (which seem to be lacking) and validate that unless someone is holding a gun to the owner's head, that your 1000 bitcoins held for you in their "vault" cannot be sent off to a random address.
Earlier quoted context omitted.
There's no difference as if you shut your site down everytime someone DDoS then you'll have no customers anyway.
"If we keep closing our retail store every time there's a riot inside of it, we'll never have any customers." No, you shut the thing down, you post a page that explains what is going on and what you're doing about it, then you open again when it's clear.
It's super easy for every competitor to get you out of business forever if you just shut down. DDoS is not like something especially hard or expensive to set up (depending on your service of course), but again, shutting down is not an option as a standard countermeasure.
Because, at the end of the day, you have to pay for your groceries and mortgage in dollars. B-but muh Subway sandwich
1295 bitcoin stolen with a value of x dollar. See, they didn't care about the bitcoin they cared about the dollars behind it. As long as a bitcoin its value is measured in dollars and accepting bitcoin is merely done because it is at a high dollar rate, how can this possibly be a viable alternative currency? Apart from the whole fluctuation on steroids, bitcoin is nothing more than a wrapper for American dollars. Bec…
If a story about American dollars being stolen was reported on in China, what currency would it be reported in? Is the dollar just a wrapper for the Yuan?
Here's their security page: https://bips.me/security -- "industry-leading security" .. "BIPS ... does not store bitcoin on its servers". Is it time for a PCI-like consortium that will validate your bitcoin storage security procedures? (Not that PCI is guarantee of anything, but at least following it prevents you from having full credit card data lying around in files). I.e. analyze your fail-safes (which seem to be l…
I think it's important and will have to happen eventually.