Gizmodo: Somebody Hacked Into Silk Road 2 and Stole All the Bitcoins
17 Replies to “This Is Awkward”
And this is much different from The Fed how..?..oh wait…time.
After what happened to the first Silk Road (like $80 million in bitcoins was lost)anyone who kept any significant amount of bitcoins in their SR wallet was asking for it. On another note, now is probably a good time to invest in BTC, if you’re into that.
The one thing I noticed about Bitcoin is that it started taking off around the time that the bottom was falling out of the Chicago Climate Futures Exchange http://www.ccfe.com/
Both “Investments” were founded by people with leftist ideology who want people to dump their money in thin air and voted overwhelmingly in favor of Obama.
paul,
The Obama-RA (My-RA) captures all that extra money from the Welfare & Unemployed and invests in GORE vapor.
Yep! the problem in America is not enough Kick-Back Schemes
You can’t make this stuff up!
In addition to hacking, what happens to this medium of exchange when there is a temporary power outage or worse, an EMP? Does one then revert to a paper IOU in hopes of restoring digital integrity. I’m not a computer techy, just asking.
That’s virtual theft!
IRS staking their claim
What was that saying about fools and money?
mid island mike
Ahem (check the archives).
I once read and viewed a blindingly complex diagram “explaining” the processing of a transaction.
I quite literally laughed all the way through it.
I sent it around to a couple friends, yunno, like a cat video.
Don’t be an idiot.
Listen Mack, you wanna throw your dough away, go to a casino and mebbe you’ll meet some dames who’ll pretend you’re not a loser.
Its not real to start with so just make more bitcoins.Only needs a few keystrokes.
I’m not sure how much sympathy I feel for the criminals at Silk Road who discovered there is no honour among thieves. I have written elsewhere at length about how Bitcoin’s fungibility and eminent transferability make it an ideal exchange mechanism for criminals,while almost everything else about it make it unsuitable as a currency. Bitcoin is at best a bubble, and will most likely be revealed as a colossal scam, no matter what the intention of its creator. I know that I upset libertarian fanboys when I say stuff like this, but that’s the unfortunate truth.
NOTHING is safe on the internet. We all know that now. Many of us knew if before, but perhaps ignored it. This world is getting crazier by the day … the current swath of leaders are crooks, liars and cheats. Nothing new, but the magnitude of it. Evil IS taking root.
I like money in a safe, where thieves would have to go through me and two inches of steel to get it. Some in Canadian banks (for now, but I am gradually taking it all out before the government and it’s ho, the banks, does a Cyprus on us). Further … invest in Ruger, Colt or S&W … or pick a fave of your own. I don’t mean their stock. Not to take on the government … that would be silly. The army is not beatable by civilians, but your fellow citizens (not very nice ones) will be at your door two days after the trucks stop running for whatever reason and there are few I can suggest.
Get food like … rice, cereals, dried fruit, canned goods, bottled water, meds and don’t forget pet food etc …. you will eventually need it ….
Get ready folks, bad stuff is coming down the line.
Lots of smarter people than me are saying this.
The bitcoin will increase in value again; there are other digital currencies as well. Keeping investments varied, ie. the roof over your head, food commodities, learning useful skills, having some money in the bank, cash on hand, little debt, if any… diversifying. Be able to defend yourself.
Sorry but I’d rather risk a 0.001% chance of losing all my money than a 100% chance of losing ~8% of it every year. If you’re going to do that, at least put it in gold/silver like a normal crazy person.
When you invest in nothing but computer bytes, why would you be surprised if they suddenly disappear ? At least with stocks or paper money you have a piece of paper to prove you owned something that once had value. The best investment is a little piece of property as far from the city as possible. Can’t go wrong with that. It may not increase in value and even if you never need it, they way things are going it’s better than any insurance or investment policy.
Bitcoin is the new place that arch-criminals can go to rob the arch-stupid.
And this is much different from The Fed how..?..oh wait…time.
After what happened to the first Silk Road (like $80 million in bitcoins was lost)anyone who kept any significant amount of bitcoins in their SR wallet was asking for it. On another note, now is probably a good time to invest in BTC, if you’re into that.
The one thing I noticed about Bitcoin is that it started taking off around the time that the bottom was falling out of the Chicago Climate Futures Exchange http://www.ccfe.com/
Both “Investments” were founded by people with leftist ideology who want people to dump their money in thin air and voted overwhelmingly in favor of Obama.
paul,
The Obama-RA (My-RA) captures all that extra money from the Welfare & Unemployed and invests in GORE vapor.
Yep! the problem in America is not enough Kick-Back Schemes
You can’t make this stuff up!
In addition to hacking, what happens to this medium of exchange when there is a temporary power outage or worse, an EMP? Does one then revert to a paper IOU in hopes of restoring digital integrity. I’m not a computer techy, just asking.
That’s virtual theft!
IRS staking their claim
What was that saying about fools and money?
mid island mike
Ahem (check the archives).
I once read and viewed a blindingly complex diagram “explaining” the processing of a transaction.
I quite literally laughed all the way through it.
I sent it around to a couple friends, yunno, like a cat video.
Don’t be an idiot.
Listen Mack, you wanna throw your dough away, go to a casino and mebbe you’ll meet some dames who’ll pretend you’re not a loser.
Its not real to start with so just make more bitcoins.Only needs a few keystrokes.
I’m not sure how much sympathy I feel for the criminals at Silk Road who discovered there is no honour among thieves. I have written elsewhere at length about how Bitcoin’s fungibility and eminent transferability make it an ideal exchange mechanism for criminals,while almost everything else about it make it unsuitable as a currency. Bitcoin is at best a bubble, and will most likely be revealed as a colossal scam, no matter what the intention of its creator. I know that I upset libertarian fanboys when I say stuff like this, but that’s the unfortunate truth.
NOTHING is safe on the internet. We all know that now. Many of us knew if before, but perhaps ignored it. This world is getting crazier by the day … the current swath of leaders are crooks, liars and cheats. Nothing new, but the magnitude of it. Evil IS taking root.
I like money in a safe, where thieves would have to go through me and two inches of steel to get it. Some in Canadian banks (for now, but I am gradually taking it all out before the government and it’s ho, the banks, does a Cyprus on us). Further … invest in Ruger, Colt or S&W … or pick a fave of your own. I don’t mean their stock. Not to take on the government … that would be silly. The army is not beatable by civilians, but your fellow citizens (not very nice ones) will be at your door two days after the trucks stop running for whatever reason and there are few I can suggest.
Get food like … rice, cereals, dried fruit, canned goods, bottled water, meds and don’t forget pet food etc …. you will eventually need it ….
Get ready folks, bad stuff is coming down the line.
Lots of smarter people than me are saying this.
The bitcoin will increase in value again; there are other digital currencies as well. Keeping investments varied, ie. the roof over your head, food commodities, learning useful skills, having some money in the bank, cash on hand, little debt, if any… diversifying. Be able to defend yourself.
Sorry but I’d rather risk a 0.001% chance of losing all my money than a 100% chance of losing ~8% of it every year. If you’re going to do that, at least put it in gold/silver like a normal crazy person.
When you invest in nothing but computer bytes, why would you be surprised if they suddenly disappear ? At least with stocks or paper money you have a piece of paper to prove you owned something that once had value. The best investment is a little piece of property as far from the city as possible. Can’t go wrong with that. It may not increase in value and even if you never need it, they way things are going it’s better than any insurance or investment policy.
Bitcoin is the new place that arch-criminals can go to rob the arch-stupid.
..the LII..low info investors…