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Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


PHIZ KALIFA posted:

If you look at his butt, you can deffo see a skull pressing against the taught flesh.

satoshi's pulled a reverse voldemort

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TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



that's mike o hearn, not the butt developer. the o stands for "o no where are the butts?"

Dren
Jan 5, 2001



Pillbug

Dren
Jan 5, 2001



Pillbug

Soricidus posted:

actually, this is technically the twelfth day of christmas

our dark lord gave to us
twelve hodlers hodling
eleven buttlords crying
ten shills a-shilling
nine tweets denying
eight miners burning
seven laffers cumming
six hackers hacking
five rated thread
four bearwhales
three changetips
two log axes
and a bitstamp with no BTC

poik007
Aug 16, 2006
Thinks Mother 3 is the best game ever

2015 is truely the year of bits so far

unpacked robinhood
Feb 18, 2013

drak cornfields of the earht, my dearest moths

holy poo poo haha thank you bitcoin for you provide the laffs

ArchWizard
Mar 27, 2009

There's the Roy I know and love.


has anyone said two-bit coin yet?

alternative joke: sounds like bitstamp is a... two-bit operation

Sham bam bamina!
Nov 6, 2012

ƨtupid cat


Gravy Boat 2k

ArchWizard posted:

has anyone said two-bit coin yet?
two bits is a quarter of a coin

Owlofcreamcheese
May 22, 2005
Probation
Can't post for 11 hours!


Buglord

Vault of Satoshi is Closing. (self.vos)
submitted 7 minutes ago by vos_team - stickied post
Vault of Satoshi will be closing on February 5th, 2015. Although new deposits will no longer be accepted, rest assured, you will have plenty of time to finalize any trades and withdraw any outstanding funds with all of the convenience and expeditiousness that you’re used to. Please ensure that all of your withdrawal requests are submitted by February 5th.
We expect there will be some speculation as to why the Vault is going to be sealed forever, and we’d like to reassure the community that it has absolutely nothing to do with insolvency, stolen funds, or any other unfortunate scenario. To this day we are proud to have run the first full proof-of-reserve exchange in the industry, with strict compliance and security regimes. Our decision stems from opportunities presented by a new business that has forced us to reexamine our priorities.
Our founders and team of developers began work on a new, non-cryptocurrency project about 6 months ago, which has since become quite successful. We are forced to make a choice on where to expend our efforts, as we simply do not have time to continue operating both businesses. We feel splitting our focus would be a disservice to the customers of Vault, so although our competitors may lack some of the features, currencies, and innovations that Vault brought to the Canadian market, they will serve you well for your basic exchange needs.
We are still true-believers, and think Satoshi Nakamoto has set in course something that will change the world for the better. Thank you loyal Vault customers for joining us on one of the most exciting adventures of our time! There’s no doubt that this is just the beginning, and we will continue to watch from the sidelines as history unfolds, with Bitcoin becoming more understood, accepted, and appreciated every day.
Sincerely,
The Vault of Satoshi Team

unpacked robinhood
Feb 18, 2013

drak cornfields of the earht, my dearest moths

we've found a job that won't land us in jail, bye ktx

FCKGW
May 21, 2006

aaaaaaaaaa
AAAAAAAAAAA
HHHHHHHHH!!!!!!!!



bistamp, bitfenix, vault of satoshi all down today

bitpay on shaky ground

a good day for buttcoin

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


[–]misterjegden-piss [score hidden] 36 minutes ago

Sysadm here! I'm somewhat suprised about the hysteria many people here are expressing now. It's like they never heard about a site getting compromised before even though the Sony incident happened just a few weeks ago..

To me it seemes that Bitstamp has been quick on the information part and is taking proper measurement (taking the site to a halt until they figure things out). This is key while they debug what happened and people should be patient until they find out what's wrong!

To the people bitching about regulations; Bitstamp has been under regulations for a long time. Theese regulations is the verification process amongst others. Due to this, I figure Bitstamp has been in the need for spending more of their resources on this instead of what they could have deployed in security measures.

And as far as security regulation goes, there can never be one. Security is a skill, not a policy for politicians to decide over...

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.

https://twitter.com/BitPay/status/552170142546010112
BitPay ‏@BitPay
We realized this morning our market monitor was frozen, we added more data sources for price discovery and our rates are now updating


from checking the markets i'm pretty sure they're using bitfinex's ticker now, saw both at 267.23

hubris.height
Jan 6, 2005



Pork Pro

has it ever happened that one guy working at a bitcoin site took all the bitcoin put them in their wallet and left and wasn't the person in charge of said site

jre
Sep 2, 2011

To the cloud ?





Ursine Asylum posted:

[–]misterjegden-piss [score hidden] 36 minutes ago

Sysadm here! I'm somewhat suprised about the hysteria many people here are expressing now. It's like they never heard about a site getting compromised before even though the Sony incident happened just a few weeks ago..

To me it seemes that Bitstamp has been quick on the information part and is taking proper measurement (taking the site to a halt until they figure things out). This is key while they debug what happened and people should be patient until they find out what's wrong!

To the people bitching about regulations; Bitstamp has been under regulations for a long time. Theese regulations is the verification process amongst others. Due to this, I figure Bitstamp has been in the need for spending more of their resources on this instead of what they could have deployed in security measures.

And as far as security regulation goes, there can never be one. Security is a skill, not a policy for politicians to decide over...

Yeah, $5 million worth of autism kroners being stolen is just the same as a website defacement. Don't know why everyone is freaking out.

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


Ursine Asylum posted:

[–]misterjegden-piss [score hidden] 36 minutes ago

Sysadm here! I'm somewhat suprised about the hysteria many people here are expressing now. It's like they never heard about a site getting compromised before even though the Sony incident happened just a few weeks ago..

To me it seemes that Bitstamp has been quick on the information part and is taking proper measurement (taking the site to a halt until they figure things out). This is key while they debug what happened and people should be patient until they find out what's wrong!

To the people bitching about regulations; Bitstamp has been under regulations for a long time. Theese regulations is the verification process amongst others. Due to this, I figure Bitstamp has been in the need for spending more of their resources on this instead of what they could have deployed in security measures.

And as far as security regulation goes, there can never be one. Security is a skill, not a policy for politicians to decide over...

Remember that time Bank of America, HSBC, and Scotiabank's deposits were compromised? Wait, it hasn't happened? Well how about the other big banks? None? Well, imagine what would happen if they were compromised! you could lose your deposit! They are insured? Oh well, how about an unrelated company in a totally different area, suffering a much less serious hack like Sony?

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


jre posted:

Yeah, $5 million worth of autism kroners being stolen is just the same as a website defacement. Don't know why everyone is freaking out.

i just love that the assumption is being made that the only reason their security is lovely is because all of those "pesky kyc requirements"

i bet osha loves this guy

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


trucutru posted:

Remember that time Bank of America, HSBC, and Scotiabank's deposits were compromised? Wait, it hasn't happened? Well how about the other big banks? None? Well, imagine what would happen if they were compromised! you could lose your deposit! They are insured? Oh well, how about an unrelated company in a totally different area, suffering a much less serious hack like Sony?

or how about when target got hacked and then everyone replaced their credit cards and target paid for credit monitoring for everyone else and everyone compromised filed for fraud and got their money back

or when home depot got hacked and the exact same thing happened

surebet
Jan 10, 2013

avatar
specialist




i wonder what the ceo of bitpay is doing right about now

Ron Paul Atreides
Apr 19, 2012

I hodl at your neck the gox jabbar




They didn't halt it though, lol, it took like a day before they told people to stop sending to them,

Love the system that let's you send money into memory holes without realizing it, with absolutely no way to recover them never gets old

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.

With the recent blockchain and bitstamp problems, I have decided to move my coins to new paper wallets with dice as my RNG. Does this top-scoring Google result describe how you would make a paper wallet from dice rolls? Thank you in advance! (swansontec.com)
submitted 12 minutes ago by cryptomars

danster82 1 очко 7 minutes ago
Can someone tell me why its necessary to use dice or a pack of cards to generate randomness rather than just typing 62 random numbers and letters on your keyboard?

surebet
Jan 10, 2013

avatar
specialist




[–]arichnad 1 point 44 minutes ago
As crazy as it sounds, 18 billion bits is not that bad. If you look at their total fees (30 billion bits per year?), and assume their profit is a fair percent of those fees, they can maybe afford to take that hit, maybe not today, but eventually. For sure, they'll learn from their mistake and keep their hot wallet smaller in the future.

surebet
Jan 10, 2013

avatar
specialist




it's adorable how they try to restate the units to make their ecosystem look huge

theflyingorc
Jun 28, 2008
Probation
Can't post for 11 hours!


Young Orc

"a bank was robbed today, the robbers made off with over 3 million cents!"

trucutru
Jul 9, 2003

Invoking fairy dust is not a crime.


BTW, if you check any big thread in r/bitcoin and search for Rassah, your are pretty likely to hit gold. He just loves to whiteknight the big players, like some sort of furry, dumb Smithers. It's a shame he doesn't post more often.

quote:


[–]Rassah 1 point 3 hours ago

Since the MtGox fiasco, exchanges have improved their security and keep reserves to cover hot wallet losses. Same as FDIC, but self-insured.


[–]wudaokor 8 points 2 hours ago

I'm not quite sure you know what insured means. If they don't keep enough in reserves then well, poo poo, you're out of luck. With FDIC it doesn't matter gently caress all what the bank does, you will get your money back. Big, big, big difference.


[–]Rassah -1 points 2 hours ago

Of course I know what insurance means. You can insure yourself through a company, where a bunch of people can pool their reserves and someone guestimates how much in reserves they need to cover losses (insurance, including FDIC, never keeps 100% reserve, so if too many users file a claim, the insurance won't have enough to cover everyone), OR you can self insure by keeping enough in reserves to cover any losses you might expect, such as by keeping the same amount as in your hot wallet in reserves, so if its stolen, you can cover 100% of it.

Self insurance is more expensive, since you are not sharing your risk with others, but it is much better, because you know your risk level much better than the insurance company could, are guaranteed to have the money if you need it, and keep the money as yours as long as you stay safe, instead of paying it to the insurance company, which creates a huge incentive to stay safe so you don't have to spend that money. When I used to work as a financial analyst and sold financial products, including insurance, I would always suggest that people only buy a little bit of life insurance while they don't have anything save up, and gradually reduce their coverage as their savings grew. No sense in paying someone else for $100k coverage if you have $100k in your IRA already.

theflyingorc
Jun 28, 2008
Probation
Can't post for 11 hours!


Young Orc

remember that time that so many people filed FDIC claims that the government threw it's hands up and said "i guess a bunch of you will never get paid, ever" ?

Boxturret
Oct 3, 2013

"..fight the mighty bearwhale by throwing all their money at it

then much celebrating occurred after the bearwhle left after eating all their money

i still don't get it"

-Me on Sept 20th, 2015

i wonder why rassah is no longer a financial analyst

Nintendo Kid
Aug 4, 2011

Trophy-ko says:
~death to capitalism~

Hilalry is 45


theflyingorc posted:

"a bank was robbed today, the robbers made off with over 30 million mils!"

fixed

ANAmal.net
Mar 2, 2002


100% digital native web developer


surebet posted:

[–]arichnad 1 point 44 minutes ago
As crazy as it sounds, 18 billion bits is not that bad. If you look at their total fees (30 billion bits per year?), and assume their profit is a fair percent of those fees, they can maybe afford to take that hit, maybe not today, but eventually. For sure, they'll learn from their mistake and keep their hot wallet smaller in the future.

im the company with no insurance who lost, straight up misplaced, the last 7 months of revenue and can afford to take that hit, nbd, it was a learning experience

theflyingorc
Jun 28, 2008
Probation
Can't post for 11 hours!


Young Orc

ANAmal.net posted:

im the company with no insurance who lost, straight up misplaced, the last 7 months of revenue and can afford to take that hit, nbd, it was a learning experience

i would like to invest in you

Greed is eternal
Jun 8, 2008


Linguica
Jul 13, 2000
You're already dead



efb

Tayter Swift
Nov 18, 2002



Pillbug

surebet posted:

i wonder what the ceo of bitpay is doing right about now



if there's one thing bitcoin has taught me it's to never trust anyone whose name ends in a c

doubly so if both names end in c

infinitely so if the c has an accent

jony ive aces
Jun 14, 2012

designer of the lomarf car




Buglord

Soricidus posted:

actually, this is technically the twelfth day of christmas

our dark lord gave to us
twelve hodlers hodling
eleven buttlords crying
ten shills a-shilling
nine tweets denying
eight miners burning
seven laffers cumming
six hackers hacking

Iridium posted:

fiiiiiiive raaateddd threeaaaaaadddddddd

Soricidus posted:

four bearwhales
three changetips
two log axes
and a bitstamp with no BTC

凸[◣_◢]凸FREE FATTY CRABCAKES凸[◣_◢]凸 put this in your sig if you support YOSPOS凸[◣_◢]凸

jony ive aces
Jun 14, 2012

designer of the lomarf car




Buglord

FCKGW posted:

bistamp, bitfenix, vault of satoshi all down today

bitpay on shaky ground

a good day for buttcoin
but for bitcoin... it was monday

凸[◣_◢]凸FREE FATTY CRABCAKES凸[◣_◢]凸 put this in your sig if you support YOSPOS凸[◣_◢]凸

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value



drat it feels good to be a bankster

Greed is eternal
Jun 8, 2008


they are never going to learn, are they?

Same Great Paste
Jan 14, 2006



quote:

[–]btcdrak 1 point 12 minutes ago
Actually there were reports in the morning yesterday but redditor and moderators made sure those were downvoted or deleted into oblivion.

this needed more post chain confirmations

Ursine Asylum
Jul 10, 2012

dreaming of that face again

it's bright and blue and shimmering

grinning wide and comforting me with it's three warm and wild eyes


ANAmal.net posted:

im the company with no insurance who lost, straight up misplaced, the last 7 months of revenue and can afford to take that hit, nbd, it was a learning experience

well obviously if they're not wasting all that money on insurance

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CSM
Jan 29, 2014


quote:

Holy freaking crap, my inner nerd is freaking out... Bitcoin World at CES looks amazing (imgur.com)
submitted 7 minutes ago by davidbaileybtcmedia

http://imgur.com/a/pH4Qk
Amazing.

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