BitCoin fraud, theft

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Brujah
    Beer Money Baron
    • Jan 2001
    • 22157
    #1

    BitCoin fraud, theft

    Anyone who loses their wallet.dat file has no way of recovering the Bitcoins it contains, since the currency has no central authority to appeal to. One Bitcoin early-adopter discovered just how painful this can be when they lost 25,000 Bitcoins to a hacking attack - worth around $500,000 at the time of the theft.

    http://www.newscientist.com/blogs/on...ts-are-on.html
    Tags: None
    • BlackCrayon
      Too lazy to set a custom title
      • Jun 2003
      • 19634
      #2
      i don't get this whole bitcoin thing...
      you don't know you're wearing a leash if you sit by the peg all day..

        Comment

        • Agent 488
          Registered User
          • Feb 2006
          • 22511
          #3
          they should contact their local police department or internet cyber crimes division.

            Comment

            • u-Bob
              there's no $$$ in porn
              • Jul 2005
              • 33063
              #4
              Anyone who loses their wallet has no way of recovering the dollars it contains.....

                Comment

                • seeandsee
                  Check SIG!
                  • Mar 2006
                  • 50945
                  #5
                  Originally posted by Brujah
                  Anyone who loses their wallet.dat file has no way of recovering the Bitcoins it contains, since the currency has no central authority to appeal to. One Bitcoin early-adopter discovered just how painful this can be when they lost 25,000 Bitcoins to a hacking attack - worth around $500,000 at the time of the theft.

                  http://www.newscientist.com/blogs/on...ts-are-on.html
                  is that for real, where to sell that?
                  BUY MY SIG - 50$/Year

                  Contact here

                    Comment

                    • Agent 488
                      Registered User
                      • Feb 2006
                      • 22511
                      #6
                      Originally posted by seeandsee
                      is that for real, where to sell that?
                      https://mtgox.com/

                        Comment

                        • Chosen
                          VIPPay.com | AdultWebSponsors.com
                          • Aug 2001
                          • 63151
                          #7
                          Originally posted by seeandsee
                          is that for real, where to sell that?
                          There were a few bitcoin threads on GFY lately, so I guess it's for real

                            Comment

                            • fris
                              Too lazy to set a custom title
                              • Aug 2002
                              • 55679
                              #8
                              no way will it ever become a serious payment medium
                              Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence.

                                Comment

                                • Agent 488
                                  Registered User
                                  • Feb 2006
                                  • 22511
                                  #9
                                  too volatile right now. in the time you find someone to exchange them they could be worthless.

                                    Comment

                                    • L-Pink
                                      working on my tan
                                      • Mar 2005
                                      • 39151
                                      #10
                                      Originally posted by BlackCrayon
                                      i don't get this whole bitcoin thing...
                                      Me either.

                                      .

                                        Comment

                                        • Agent 488
                                          Registered User
                                          • Feb 2006
                                          • 22511
                                          #11
                                          Originally posted by L-Pink
                                          Me either.

                                          .
                                          think ben bernake replaced by a dungeon master and adam smith by gary gygax.

                                            Comment

                                            • Wizzo
                                              2011 GFY Hall of Fame!
                                              • Nov 2000
                                              • 15224
                                              #12
                                              WOW gold is more stable and won't get hammered by the governments around the world and though Bitcoins are worth more now, they won't be for long...
                                              Looking for Opportunity!

                                                Comment

                                                • DBS.US
                                                  Geo Cities
                                                  • Aug 2003
                                                  • 11843
                                                  #13
                                                  Why would anyone keep $500,000 in any account like that? Shit I never keep over $100 in my Paypal.
                                                  Have an unused domain? Make a Free Chaturbate White Label site and be making money tonight

                                                    Comment

                                                    • rowan
                                                      Too lazy to set a custom title
                                                      • Mar 2002
                                                      • 17393
                                                      #14
                                                      Originally posted by DBS.US
                                                      Why would anyone keep $500,000 in any account like that? Shit I never keep over $100 in my Paypal.
                                                      Probably because the value is so volatile. A year ago 25,000BTC was worth fuck all. Can you imagine a modest investment growing by 100 or 1,000 times in a year or two? I guess he got caught by greed (and a little stupidity by not properly securing his wallet)

                                                      The other catch with wallets is that it doesn't need to be a CURRENT copy in order for someone to take over and send your BTC to somewhere else. If you throw out a HD that has an obscure backup of a wallet from 3 years ago, and some or all of those coins have not yet been spent by you, whoever acquires that old wallet can get at them.

                                                      It's relatively easy to get started with bitcoins but there's a lot to get your head around. Security is possibly the most important part, since you cannot have an authority reverse a fraudulent transaction, yet many people are probably blissfully unaware of what can happen if you don't secure your wallet.

                                                        Comment

                                                        • Agent 488
                                                          Registered User
                                                          • Feb 2006
                                                          • 22511
                                                          #15
                                                          the money was most likely stolen with the aid of the bitcoin wallet targeting tojan making the rounds.

                                                          plus there is the problem of finding enough people to make the conversions into real currency.

                                                            Comment

                                                            • Serge Litehead
                                                              Confirmed User
                                                              • Dec 2002
                                                              • 5190
                                                              #16
                                                              if you loose cash - it's most likely gone
                                                              Last edited by Serge Litehead; 06-19-2011, 05:38 PM.

                                                                Comment

                                                                • Agent 488
                                                                  Registered User
                                                                  • Feb 2006
                                                                  • 22511
                                                                  #17
                                                                  if someone hacking into my bank account, puts fraudulent charges on my cc = covered.

                                                                  if someone hacks my bitcoin wallet = not covered.

                                                                    Comment

                                                                    • GAMEFINEST
                                                                      Make STACK$
                                                                      • Nov 2006
                                                                      • 14478
                                                                      #18
                                                                      they need to contact somebody
                                                                      Compound interest.

                                                                        Comment

                                                                        • adultzone
                                                                          So Fucking Banned
                                                                          • May 2010
                                                                          • 1499
                                                                          #19
                                                                          I really dont understand about bitcoin

                                                                            Comment

                                                                            • epitome
                                                                              So Fucking Lame
                                                                              • Jun 2009
                                                                              • 12156
                                                                              #20
                                                                              At what point, if ever, does bitcoin become currency?

                                                                              Or is it more of a way to track bartering? Would someone pay a designer in 500 bitcoin who would turn around and give it to their host to cover their monthly cost and so-on?

                                                                              I take it there is no way to cash out for government currency? Or is there?

                                                                                Comment

                                                                                • Serge Litehead
                                                                                  Confirmed User
                                                                                  • Dec 2002
                                                                                  • 5190
                                                                                  #21
                                                                                  Originally posted by epitome
                                                                                  At what point, if ever, does bitcoin become currency?

                                                                                  Or is it more of a way to track bartering? Would someone pay a designer in 500 bitcoin who would turn around and give it to their host to cover their monthly cost and so-on?

                                                                                  I take it there is no way to cash out for government currency? Or is there?
                                                                                  This is how it works:

                                                                                  For each new transaction you can generate new unique address. If both clients use unique, only known to them addresses, you won't be able to track where exactly those bitcoins went after you've sent them, and with such you won't be able to trace any other transactions.

                                                                                  If whoever you send bitcoins and their receiving parties use single addresses, made publicly available, then these coins could be traced and know to whom they went.
                                                                                  Last edited by Serge Litehead; 06-19-2011, 06:59 PM.

                                                                                    Comment

                                                                                    • Agent 488
                                                                                      Registered User
                                                                                      • Feb 2006
                                                                                      • 22511
                                                                                      #22
                                                                                      Originally posted by epitome
                                                                                      At what point, if ever, does bitcoin become currency?

                                                                                      Or is it more of a way to track bartering? Would someone pay a designer in 500 bitcoin who would turn around and give it to their host to cover their monthly cost and so-on?

                                                                                      I take it there is no way to cash out for government currency? Or is there?
                                                                                      there are exchanges to cash out bitcoins into real currency but after the biggest exchange (90% of all the transactions) got hacked last week and their database of passwords dumped online they are shut down for now, as is the second biggest exchange.

                                                                                      but with valuations of bitcoins oscillating so wildly - from 0 to 30 now down to 0 today - i can't see how you effectively price anything in bt until the price stabilizes somewhat, which wont happen for a very very long time.

                                                                                        Comment

                                                                                        • u-Bob
                                                                                          there's no $$$ in porn
                                                                                          • Jul 2005
                                                                                          • 33063
                                                                                          #23
                                                                                          Originally posted by epitome
                                                                                          At what point, if ever, does bitcoin become currency?

                                                                                          Or is it more of a way to track bartering? Would someone pay a designer in 500 bitcoin who would turn around and give it to their host to cover their monthly cost and so-on?
                                                                                          any intermediary medium of exchange is per definition money. people are already using bitcoins to pay hosting bills, domain registrations, designers etc

                                                                                            Comment

                                                                                            • Emil
                                                                                              Confirmed User
                                                                                              • Feb 2007
                                                                                              • 5658
                                                                                              #24
                                                                                              Originally posted by DBS.US
                                                                                              Why would anyone keep $500,000 in any account like that? Shit I never keep over $100 in my Paypal.
                                                                                              Yeah, I would put 450,000 on a USB-memory and burn it out on CDs and just keep it in the closet.
                                                                                              Free 🅑🅘🅣🅒🅞🅘🅝🅢 Every Hour (Yes, really. Free ₿itCoins.)
                                                                                              (Signup with ONLY your Email and Password. You can also refer people and get even more.)

                                                                                                Comment

                                                                                                • rowan
                                                                                                  Too lazy to set a custom title
                                                                                                  • Mar 2002
                                                                                                  • 17393
                                                                                                  #25
                                                                                                  Originally posted by Emil
                                                                                                  Yeah, I would put 450,000 on a USB-memory and burn it out on CDs and just keep it in the closet.
                                                                                                  Coming soon no doubt: a trojan that hunts your hard drive sectors for the footprints of a deleted wallet.dat file. As I mentioned above, an updated wallet doesn't supercede any previous copies, so an older version may still let an attacker clear you out.

                                                                                                    Comment

                                                                                                    • nation-x
                                                                                                      Confirmed User
                                                                                                      • Mar 2004
                                                                                                      • 5370
                                                                                                      #26
                                                                                                      Bitcoin is doomed anyway... my opinion.

                                                                                                        Comment

                                                                                                        • PornGreen
                                                                                                          Confirmed User
                                                                                                          • Nov 2010
                                                                                                          • 554
                                                                                                          #27
                                                                                                          Originally posted by Brujah
                                                                                                          when they lost 25,000 Bitcoins to a hacking attack - worth around fuck all because no one is going to pay $500,000 for your worthless bitcoins.
                                                                                                          fixed this for you

                                                                                                          $25 Per Join

                                                                                                            Comment

                                                                                                            • rowan
                                                                                                              Too lazy to set a custom title
                                                                                                              • Mar 2002
                                                                                                              • 17393
                                                                                                              #28

                                                                                                                Comment

                                                                                                                • martinsc
                                                                                                                  Too lazy to set a custom title
                                                                                                                  • Jun 2005
                                                                                                                  • 27047
                                                                                                                  #29
                                                                                                                  Originally posted by rowan
                                                                                                                  Make Money

                                                                                                                    Comment

                                                                                                                    • CaptainHowdy
                                                                                                                      Too lazy to set a custom title
                                                                                                                      • Dec 2004
                                                                                                                      • 94735
                                                                                                                      #30
                                                                                                                      Originally posted by Agent 488
                                                                                                                      they should contact their local police department or internet cyber crimes division.

                                                                                                                        Comment

                                                                                                                        • JamesGw
                                                                                                                          Confirmed User
                                                                                                                          • Apr 2011
                                                                                                                          • 1237
                                                                                                                          #31
                                                                                                                          Bitcoins area cool idea, but I dont' think they'll stick for this reason and a few others.
                                                                                                                          Giggles.com has a huge selection of sex toys. Need backlinks? Ask to guest post on our adult blog.

                                                                                                                            Comment

                                                                                                                            • mayabong
                                                                                                                              Confirmed User
                                                                                                                              • Jan 2010
                                                                                                                              • 1952
                                                                                                                              #32
                                                                                                                              Originally posted by BlackCrayon
                                                                                                                              i don't get this whole bitcoin thing...
                                                                                                                              I dont get the whole twitter thing, but yep there it is.
                                                                                                                              Bitcoin Gambling Sites

                                                                                                                                Comment

                                                                                                                                • Jakez
                                                                                                                                  Confirmed User
                                                                                                                                  • Jan 2004
                                                                                                                                  • 5656
                                                                                                                                  #33
                                                                                                                                  Originally posted by BlackCrayon
                                                                                                                                  i don't get this whole bitcoin thing...
                                                                                                                                  [email protected] - jakezdumb - 573689400

                                                                                                                                  Killuminati

                                                                                                                                    Comment

                                                                                                                                    • rowan
                                                                                                                                      Too lazy to set a custom title
                                                                                                                                      • Mar 2002
                                                                                                                                      • 17393
                                                                                                                                      #34
                                                                                                                                      Originally posted by CaptainHowdy
                                                                                                                                      C'mon, no one's come up with a joke about the cyber police backtracing the transactions? It's perfect for bitcoins!

                                                                                                                                        Comment

                                                                                                                                        • Coup
                                                                                                                                          🚨 PBBC International 🚨
                                                                                                                                          • Apr 2010
                                                                                                                                          • 9931
                                                                                                                                          #35
                                                                                                                                          bitcoin is bullshit

                                                                                                                                            Comment

                                                                                                                                            • Agent 488
                                                                                                                                              Registered User
                                                                                                                                              • Feb 2006
                                                                                                                                              • 22511
                                                                                                                                              #36
                                                                                                                                              bitcoin in the people's currency.

                                                                                                                                                Comment

                                                                                                                                                Previous template Next
                                                                                                                                                Working...