stoutfish posted:

we need a 190% loss

Boxturret posted:

at times like this it's good to remember that in the space of 3 months bitcoin has lost 2/3 of it's value

surebet posted:

nah this is still just a slow fart

actually it's been slow fartin' since like last thursday with a spastic shart monday

FCKGW posted:

quote:

Bitcoin stolen while laptop was in Apple store
5 points by golubevpavel 15 minutes ago | 2 comments
This is a sad story how I got robbed for $8500 while my laptop was in Apple Store.
I dropped my laptop at Apple Store, the Falls in Miami to fix minor cooling system issue on Feb 2. And picked it up on February 4. Cooling system was fine, but when I launched my Bitcoin wallet, I realized that over 10BTC (worth $8500 at that moment) has been transferred from my wallet (https://blockchain.info/tree/111322425) on Feb 3, 20:25, when my laptop was in Apple. It was very stupid, but yes, my wallet was not encrypted.

I checked Mac system logs and it says that my laptop has been booted on Feb 3, 20:36, only 11 minutes after my BTC have been stolen. Looks like someone has connected my laptop as external drive and scanned it before booting it up.

I never used my wallet on other devices. I never download suspicious stuff from the Internet. I never hand my laptop to anyone else. I have not been using my wallet for about a month before I dropped it at Apple.

Nevertheless, I downloaded latest antivirus software and performed full system scan — no viruses.

I filed a police report and talked to the manager at Apple Store. It's been a week and there is no update.

$8500. Nobody cares. I wonder what else people copy from laptops when you drop it for service.

The moral of the story — encrypt your drives.

Robawesome posted:

whoa what happened there

Robawesome posted:

whoa what happened there

StopMakingSense posted:

Robawesome posted:

whoa what happened there

StopMakingSense posted:

Werthog 95 posted:

i had to send my macbook to apple for recall repairs and when i got it back i found that the repair guy had burned himself a dvd of my pirated movies

StopMakingSense posted:

Werthog 95 posted:

i had to send my macbook to apple for recall repairs and when i got it back i found that the repair guy had burned himself a dvd of my pirated movies

Robawesome posted:

Going from Indian Rupees to US Dollars through bitcoin. Any things to look out for? (self.Bitcoin)

submitted 12 minutes ago by thewhiskey

I need to convert $500,000 worth of INR to USD and bring to the USA. I guess I would convert the rupees to bitcoins in India and then convert the bitcoins to USD when I get back here. correct?

[–]Cowboy_Coder 1 point 8 minutes ago

Make sure you choose reliable and trustworthy exchanges.

In the USA, you may want to consider Coinbase, or for such a large amount, an international wire transfer from Bitstamp. You'll need to verify your identity with Bitstamp.

Beware the prices are particularly volatile these past few days while the developers are working on a bug.

Try with a little bit first so you have an idea of the total fees involved. It may wind up being cheaper to just wire the money directly.

[–]thewhiskey[S] 1 point 6 minutes ago

the problem is, i'm going from cash (rupees)

[–]Cowboy_Coder 1 point 2 minutes ago

You could try looking for cash sellers via https://localbitcoins.com

FrozenVent posted:

how do you get into a situation where you need to launder 500k without knowing how to launder money?

quote:

full text
-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512
I am sweating as I write this.
Christmas brought grave news. I cannot adequately express how deeply honored I was by your unconditional support of my staff.
I do not expect the same reaction to today's revelations. This movement is built on integrity, and I feel obligated to be forthright with you.
I held myself to a high standard as your leader, yet now I must utter words all too familiar to this scarred community:

We have been hacked.

Nobody is in danger, no information has been leaked, and server access was never obtained by the attacker.
Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as "transaction malleability" to repeatedly withdraw coins from our system until it was completely empty.

Despite our hardening and pentesting procedures, this attack vector was outside of penetration testing scope due to being rooted in the Bitcoin protocol itself.

This attack hit us at the worst possible time. We were planning on re-launching the new auto-finalize and Dispute Center this past weekend, and our projections of order finalization volume indicated that we would need the community's full balance in hot storage.

In retrospect this was incredibly foolish, and I take full responsibility for this decision.

I have failed you as a leader, and am completely devastated by today's discoveries. I should have taken MtGox and Bitstamp's lead and disabled withdrawals as soon as the malleability issue was reported. I was slow to respond and too skeptical of the possible issue at hand. It is a crushing blow. I cannot find the words to express how deeply I want this movement to be safe from the very threats I just watched materialize during my watch.
I've included transaction logs at the bottom of this message. Review the vendor's dishonest actions and use whatever means you deem necessary to bring this person to justice. More details will emerge as we continue to investigate.

Given the right flavor of influence from our community, we can only hope that he will decide to return the coins with integrity as opposed to hiding like a coward.

It takes the integrity of all of us to push this movement forward. Whoever you are, you still have a chance to act in the interest of helping this community. Keep a percentage, return the rest. Don't walk away with your fellow freedom fighters' coins. DPR2 returned the cold storage. I didn't run with the gold. But two people alone cannot move us forward. It takes an entire community committing to integrity - and though this crushing blow will not stop us, it sure is a testament to how greedy some bastards truly are.

Being a part of this movement might be the most defining thing you do with your entire life.

Don't trade that for greed, comrades.

I will fight here by your side, even the greedy bastards amongst us.

This community has suffered great financial loss over and over again, and I am devastated that it has happened again under my watch.
Hindsight is already suggesting dozens of ways this could have been prevented, but we must march onward.
The only way to reverse a community's greed is through generosity. Our true character is revealed during trying times.
If this financial hardship places you at risk of physical harm, contact me directly and I will do my best to help you with my remaining personal funds.
Now what.

Never again store your escrow bitcoins on a server.
Silk Road will never again be a centralized escrow storage.
This week has shown the collateral damage we can cause by being a huge target and failing in just one unforeseen area.
I am now fully convinced that no hosted escrow service is safe.
If I cannot trust myself to keep a hosted escrow solution safe, I cannot trust anyone.
Multi-signature transactions are the only way this community will be protected long-term.
I am aggressively tasking our devs on building out multi-sig support for commonly-used bitcoin clients. Expect a generous bounty if you have the skill to implement this.

Until then.

We will never again allow ourselves to be a single point of failure. We will never again host your Escrow wallets.
Vendor registration is closed while we regroup.
All listings on Silk Road are now No-Escrow (Finalize-Early) for 1-2 months while we implement multi-signature transactions and lobby for mainstream Bitcoin client multi-sig support.
All unshipped orders have been cancelled.
Vendors may link to other marketplaces on a trail basis until we launch multi-sig, then we will re-evaluate based on community input. We do not want to be a centralized point of failure, but we also do not want to lead our buyers into dangerous waters.
From this point forward DO NOT trust markets with centralized escrow. Use multi-signature transactions whenever possible, with trusted third parties as escrow providers.
Everything will be offline for 24-48 hours to minimize variables as we continue to investigate. The evidence we have below will be expanded based on our findings.
No marketplace is perfect. Expect any centralized market to fail at some point. This is precisely why we must unite in the decision to decentralize.
We are relieved that our security procedures protected user identities, and that no servers were compromised. This was not a worst-case scenario: nobody will be getting arrested from this. Financial loss is terrible, but will not put all of us behind bars.
The details we have on the hacker are below. Stop at nothing to bring this person to your own definition of justice.
Humbled and furious,
Defcon

TVarmy posted:

Given the right flavor of influence from our community, we can only hope that he will decide to return the coins with integrity as opposed to hiding like a coward.

TVarmy posted:

turns out a clone of a shut down drug market that's already semi-busted wasn't a safe place to keep your butts.

threefive posted:

easiest way to move large amounts of money: a god drat bank card
why is this a complicated thing for bitcoin people. you can go to basically any 1st world country with a bank card from any other 1st world country and spend money. chip cards have issues in america but you're good otherwise.

Robawesome posted:

Given the right flavor of influence from our community, we can only hope that he will decide to return the coins with integrity

TVarmy posted:

Anyone care to do the math to figure out how much a bitcoin transaction costs in terms of electricity?

I did a back of the envelope equation based on an article bragging that Bitcoin uses $15 million dollars worth of electricity per day, and divided that by 7 transactions per second, times the seconds in a day.

So... we have $15,000,000 / (7 transactions * 60 seconds * 60 minutes * 24 hours) = $24.80 per transaction if the network is operating at full capacity. It's currently at bit more than 1/10th of that, according to blockchain.info, making it more like $225 per transaction.

I'm not saying I'm sure the $15 million number is right, but if it's even in that neighborhood

Ripoff posted:

gently caress you; give it back just doesn't have the same ring

TVarmy posted:

woah what just happened?


turns out a clone of a shut down drug market that's already semi-busted wasn't a safe place to keep your butts.

also, he's advocating violence against the hacker.

Robawesome posted:

The value of the network divided by the number of coins.

quote:

It takes the integrity of all of us to push this movement forward. Whoever you are, you still have a chance to act in the interest of helping this community. Keep a percentage, return the rest. Don't walk away with your fellow freedom fighters' coins. It takes an entire community committing to integrity - and though this crushing blow will not stop us, it sure is a testament to how greedy some bastards truly are.

Don't trade that for greed, comrades.

threefive posted:

easiest way to move large amounts of money: a god drat bank card
why is this a complicated thing for bitcoin people. you can go to basically any 1st world country with a bank card from any other 1st world country and spend money. chip cards have issues in america but you're good otherwise.

Werthog 95 posted:

ugh this week is just too good