BTC Was $757USD now $595USD - GoFuckYourself.com

2MuchMark · 08-07-2016, 05:03 PM

Did you sell your Bitcoins in time?

Bitcoin customers lose 36% of their money after hack - Aug. 7, 2016

mineistaken · 08-07-2016, 06:40 PM

I heard about something like that few days ago. Second hack or posting few days too late?
Ps: who cares, I mean what kind of question is "did you sell in time", most do not care about it much and hope it will get back up. How were they supposed to "sell it on time"

onwebcam · 08-07-2016, 06:43 PM

Quote:

Originally Posted by **********

Did you sell your Bitcoins in time?

Bitcoin customers lose 36% of their money after hack - Aug. 7, 2016

" Bitfinex said it decided "after much thought, analysis and consultations" to generalize the losses across all users. That means even people who weren't affected by the hack will find that 36% of the value of their accounts will be replaced by a "token" labeled BFX.

The company said it will use those tokens to keep track of customers' losses and will work to compensate the accounts in the future. Bitfinex said those discussions are "in early stages" and "will likely take time to play out."

"The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged" for shares of Bitfinex's owner, iFinex Inc., the company said in a statement."

Translation: We stole your bitcoins

Bladewire · 08-07-2016, 06:56 PM

Quote:

Originally Posted by onwebcam

" Bitfinex said it decided "after much thought, analysis and consultations" to generalize the losses across all users. That means even people who weren't affected by the hack will find that 36% of the value of their accounts will be replaced by a "token" labeled BFX.

The company said it will use those tokens to keep track of customers' losses and will work to compensate the accounts in the future. Bitfinex said those discussions are "in early stages" and "will likely take time to play out."

"The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged" for shares of Bitfinex's owner, iFinex Inc., the company said in a statement."

Translation: We stole your bitcoins

How many users were stolen from? Can't find that info anywhere.

$65 million stolen from 10 users or 100? Then everyone loses 36% value and those stolen from don't know it was them and only lose 36%? No insurance to protect the system and avoid adjustments due to theft? No FDIC

jscott · 08-07-2016, 08:00 PM

BTC was at $0 and now is $595. Was at $1100 and also at $200. Did you sell yours in time?

MaDalton · 08-08-2016, 04:51 AM

i figured nobody is interested in Bitcoin anymore when $58 million USD get stolen and people lose 36% of their money (when they used Bitfinex) and nobody on here is talking about it.

CAHEK · 08-08-2016, 05:32 AM

Quote:

Originally Posted by MaDalton

i figured nobody is interested in Bitcoin anymore when $58 million USD get stolen and people lose 36% of their money (when they used Bitfinex) and nobody on here is talking about it.

GFED · 08-08-2016, 05:35 AM

trend is still up.

AdultKing · 08-08-2016, 05:36 AM

This kind of stuff doesn't help either...

Quote:

Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws.

Bitcoin - the most prominent digital currency to emerge globally - is backed by a computer code rather than a physical substance such as gold or mainstream currency.

The anonymity of payments using digital currencies make them attractive for terrorism financing, according to Australia's financial intelligence agency, AUSTRAC, which is co-hosting a counter-terrorism financing summit with Indonesia in Bali this week.

Justice Minister Michael Keenan will inform the summit of the work Australia is doing to improve its anti-money laundering and counter-terrorism financing legislation after a review recommended the regulation of digital currencies.

Australia to regulate bitcoin under counter-terrorism finance laws

Google Expert · 08-08-2016, 05:42 AM

Quote:

Originally Posted by AdultKing

This kind of stuff doesn't help either...

Australia to regulate bitcoin under counter-terrorism finance laws

Banks get robbed on a regular basis just as well. US Dollar is not backed up by gold either and terrorist use it all the time.

GFED · 08-08-2016, 05:50 AM

Quote:

Originally Posted by Muad'Dib

Banks get robbed on a regular basis just as well. US Dollar is not backed up by gold either and terrorist use it all the time.

yes... didn't the feds get hacked for a billion dollars recently? ...and people don't seem to care when the banks steal our money because it's not as evident.

Paul Markham · 08-08-2016, 05:52 AM

Bitcoin will always be vulnerable to this sort of thing.

AdultKing · 08-08-2016, 05:57 AM

Quote:

Originally Posted by Paul Markham

Bitcoin will always be vulnerable to this sort of thing.

Can you explain why ?

jscott · 08-08-2016, 07:57 AM

Quote:

Originally Posted by AdultKing

Can you explain why ?

Good question

AdultKing · 08-08-2016, 08:00 AM

Quote:

Originally Posted by jscott

Good question

Maybe while he's at it, he could educate us all on the blockchain and how that works.

jscott · 08-08-2016, 08:04 AM

Quote:

Originally Posted by AdultKing

Maybe while he's at it, he could educate us all on the blockchain and how that works.

He obviously knows what he's talking about, so i'm curious to hear also

ilnjscb · 08-08-2016, 08:53 AM

I agree with Paulo Marccammo on this one. BTC cold storage is antithetical to recent human psychology, in general. Many holders will want to centralize it, and the storage is then a tempting target for hackers. How can an exchange keep value, yet keep it safe offline. It then lacks transparency, and becomes a target for unscrupulous administrators. Digital currencies need to have some redundancy to be adopted fully, IMHO. The fire has been lit, but the final iteration is probably not here yet.

Barry-xlovecam · 08-08-2016, 09:17 AM

Bitcoin is a transactional currency and NOT a reserve currency backed by a sovereign state treasury.

There will never be Bitcoin savings bonds with any guaranteed value -- Caveat Emptor

rowan · 08-08-2016, 01:34 PM

Quote:

Originally Posted by AdultKing

Australia to regulate bitcoin under counter-terrorism finance laws

First they scare off half the Bitcoin startups by claiming Bitcoin is an asset and should be taxed accordingly, then the big banks start mysteriously closing the accounts of the remaining players (for "commercial reasons"), and now this...?

Hey Australia, stop moving the fucking goal posts!

JFK · 08-08-2016, 01:59 PM

Quote:

Originally Posted by MaDalton

i figured nobody is interested in Bitcoin anymore when $58 million USD get stolen and people lose 36% of their money (when they used Bitfinex) and nobody on here is talking about it.

Look at when the Cyprus banks stole all the money

ownedbox · 08-08-2016, 02:46 PM

it should be a good time to buy. should have bought when price dropped to 540

ilnjscb · 08-10-2016, 07:04 AM

Bitcoin will probably fall to this sort of effort, eventually:

Banks and tech firms apply blockchain to trade finance

This is the consortium web site. R3

R3 Consortium?s Blockchain Initiative: What Makes ?Corda? Different?

R3 CEV Takes on Bitcoin with Launch of Private Distributed Ledger Pilot

Barry-xlovecam · 08-10-2016, 07:21 AM

Risky Business:

Blockchain technology is digital 'bookkeeping' not transactional currency -- that is one of many applications of the blockchain technology's properties.

ruff · 08-10-2016, 08:01 AM

Quote:

Originally Posted by ownedbox

it should be a good time to buy. should have bought when price dropped to 540

Exactly. This is a buy opportunity. Those that do, do. Those that don't, needn't concern themselves with it. You can sit on the sidelines and make your comments without any skin in the game or you play the risk. Of course, there is always the sure thing of doing nothing. When you know nothing about Bitcoin, some of you talk like it's just another way to buy a sweater. So you know nothing. Meanwhile, that and more is passing you by at very high speed. Be seeing you in the future, if you make it.

ilnjscb · 08-10-2016, 09:52 AM

Quote:

Originally Posted by ruff

Exactly. This is a buy opportunity. Those that do, do. Those that don't, needn't concern themselves with it. You can sit on the sidelines and make your comments without any skin in the game or you play the risk. Of course, there is always the sure thing of doing nothing. When you know nothing about Bitcoin, some of you talk like it's just another way to buy a sweater. So you know nothing. Meanwhile, that and more is passing you by at very high speed. Be seeing you in the future, if you make it.

Haha, man you sound way more defensive than you should with the above. No one is saying BTC isn't important. The fact is, DC will continue to evolve.

Bitcoin won't be affected by anything on this board, these are just opinions. Those of us working on the next stage will be just fine, and perhaps BTC will be fine too.

marlboroack · 08-10-2016, 04:38 PM

I made 29K.. I was hoping it would go back up to 900.. but in a matter of 2 hours it dropped over 175$each!!

ruff · 08-10-2016, 05:11 PM

Quote:

Originally Posted by ilnjscb

Haha, man you sound way more defensive than you should with the above. No one is saying BTC isn't important. The fact is, DC will continue to evolve.

Bitcoin won't be affected by anything on this board, these are just opinions. Those of us working on the next stage will be just fine, and perhaps BTC will be fine too.

There are hardly any valid opinions on this board about BTC.

ilnjscb · 08-11-2016, 08:40 AM

Quote:

Originally Posted by ruff

There are hardly any valid opinions on this board about BTC.

I'll give you that. But, we do all have some connection to evolving payment methodologies, whether we are consumers or vendors. I would say GFY is ahead of the curve, but no one on here is going to be the James W. Nutsack Professor of Bitcoinology at Harvard either.

Joshua G · 08-11-2016, 08:56 AM

Quote:

Originally Posted by ilnjscb

Haha, man you sound way more defensive than you should with the above. No one is saying BTC isn't important. The fact is, DC will continue to evolve.

Bitcoin won't be affected by anything on this board, these are just opinions. Those of us working on the next stage will be just fine, and perhaps BTC will be fine too.

Ruff fancies himself the GFY bitcoin expert. He was telling GFY to buy when it hit 1200. then to buy more when it hit 800. then buy more at 600...then he stopped posting about it when all his bitcoin was 80% underwater. Now that he's back to break even, he's pretending he has big profits from it, & is back blindly touting it like its jesus.

Seth Manson · 08-11-2016, 02:52 PM

I bought a bunch at $400, sold some at $700 and am still doing well on the ones I held on to. It will continue to climb.

dillonaire · 08-11-2016, 03:12 PM

I bought in at around $200 at the beginning of the year so ill ride it out.

2MuchMark · 08-11-2016, 03:14 PM

Quote:

Originally Posted by Seth Manson

I bought a bunch at $400, sold some at $700 and am still doing well on the ones I held on to. It will continue to climb.

...except that its been pretty level for about a month now.

ruff · 08-11-2016, 05:28 PM

Quote:

Originally Posted by Joshua G

Ruff fancies himself the GFY bitcoin expert. He was telling GFY to buy when it hit 1200. then to buy more when it hit 800. then buy more at 600...then he stopped posting about it when all his bitcoin was 80% underwater. Now that he's back to break even, he's pretending he has big profits from it, & is back blindly touting it like its jesus.

Prove everything you just said asshole. Prove it or shut the fuck up cunt. You are a goddamn liar and a fucktard to boot. Come on asshat, show everyone where I said any of that. You know absolutely nothing about shit. Fuck off.

AMDWarrior · 08-11-2016, 06:33 PM

Quote:

Originally Posted by marlboroack

I made 29K.. I was hoping it would go back up to 900.. but in a matter of 2 hours it dropped over 175$each!!

No you didnt..

Still scamming?

Seth Manson · 08-11-2016, 06:47 PM

Quote:

Originally Posted by **********

...except that its been pretty level for about a month now.

And the algorithm recently changed to make them harder to mine. The value will adjust itself. A month is no big deal, unless you're investing with scared money.

Major (Tom) · 08-11-2016, 08:19 PM

Yes i bought new cameras. But everyone knows btc is quixotical. Nature of the beast. just keep the miners running is what I say

08-07-2016, 05:03 PM	#1
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,934	BTC Was $757USD now $595USD Did you sell your Bitcoins in time? Bitcoin customers lose 36% of their money after hack - Aug. 7, 2016 __________________ Custom Coding \| Videochat Solutions \| Age Verification \| IT Help & Support www.2Much.net

08-08-2016, 04:51 AM	#6
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,822	i figured nobody is interested in Bitcoin anymore when $58 million USD get stolen and people lose 36% of their money (when they used Bitfinex) and nobody on here is talking about it. __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

08-08-2016, 05:52 AM	#12
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Bitcoin will always be vulnerable to this sort of thing. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

08-08-2016, 02:46 PM	#21
ownedbox Confirmed User Industry Role: Join Date: Feb 2015 Posts: 250	it should be a good time to buy. should have bought when price dropped to 540 __________________ Crypto Trading: Take a Bite of Future Currencies \| #1 World Bitcoin Affiliate Network

08-10-2016, 07:04 AM	#22
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,837	This is what is happening: Bitcoin will probably fall to this sort of effort, eventually: Banks and tech firms apply blockchain to trade finance This is the consortium web site. R3 R3 Consortium?s Blockchain Initiative: What Makes ?Corda? Different? R3 CEV Takes on Bitcoin with Launch of Private Distributed Ledger Pilot

08-07-2016, 06:40 PM	#2
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	I heard about something like that few days ago. Second hack or posting few days too late? Ps: who cares, I mean what kind of question is "did you sell in time", most do not care about it much and hope it will get back up. How were they supposed to "sell it on time"

08-07-2016, 08:00 PM	#5
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	BTC was at $0 and now is $595. Was at $1100 and also at $200. Did you sell yours in time?

08-08-2016, 05:35 AM	#8
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	trend is still up.

08-08-2016, 08:53 AM	#17
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,837	I agree with Paulo Marccammo on this one. BTC cold storage is antithetical to recent human psychology, in general. Many holders will want to centralize it, and the storage is then a tempting target for hackers. How can an exchange keep value, yet keep it safe offline. It then lacks transparency, and becomes a target for unscrupulous administrators. Digital currencies need to have some redundancy to be adopted fully, IMHO. The fire has been lit, but the final iteration is probably not here yet.

08-08-2016, 09:17 AM	#18
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Bitcoin is a transactional currency and NOT a reserve currency backed by a sovereign state treasury. There will never be Bitcoin savings bonds with any guaranteed value -- Caveat Emptor

08-10-2016, 07:21 AM	#23
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Risky Business: Blockchain technology is digital 'bookkeeping' not transactional currency -- that is one of many applications of the blockchain technology's properties.

08-10-2016, 04:38 PM	#26
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	I made 29K.. I was hoping it would go back up to 900.. but in a matter of 2 hours it dropped over 175$each!!

08-11-2016, 02:52 PM	#30
Seth Manson Please dont fuck animals Industry Role: Join Date: Jul 2010 Location: Henderson, NV Posts: 3,988	I bought a bunch at $400, sold some at $700 and am still doing well on the ones I held on to. It will continue to climb. __________________

08-11-2016, 03:12 PM	#31
dillonaire Confirmed User Join Date: May 2009 Location: San Francisco Posts: 1,795	I bought in at around $200 at the beginning of the year so ill ride it out. __________________ . "Deja moo - The feeling you've heard this Bull before." Skype: jeffreydillon Email: [email protected]

08-11-2016, 08:19 PM	#36
Major (Tom) Noticing Industry Role: Join Date: Nov 2003 Location: Null Posts: 29,897	Yes i bought new cameras. But everyone knows btc is quixotical. Nature of the beast. just keep the miners running is what I say __________________ My mother said, to get things done You'd better not mess with Major Tom