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Silk Road 2.0 'Hack' Blamed On Bitcoin Bug, All Funds Stolen
Forbes ^
| February 13, 2014
| Andy Greenberg
Posted on 02/13/2014 7:20:59 PM PST by 2ndDivisionVet
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To: Errant
To: 2ndDivisionVet
3
posted on
02/13/2014 7:24:21 PM PST
by
E. Pluribus Unum
(Islam is a religion of peace, and Moslems reserve the right to behead anyone who says otherwise.)
To: Jet Jaguar
What do you want to bet that the NSA was involved in this...
4
posted on
02/13/2014 7:24:50 PM PST
by
babygene
( .)
To: Jet Jaguar; Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; ...
Thanks Jet Jaguar
Click to be Added / Removed.
5
posted on
02/13/2014 7:26:07 PM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: 2ndDivisionVet
I don’t understand anything about bitcoin. I know it is digital currency, but what is backing it?
6
posted on
02/13/2014 7:26:09 PM PST
by
cardinal4
To: cardinal4
Same thing backing the US dollar.
7
posted on
02/13/2014 7:27:56 PM PST
by
E. Pluribus Unum
(Islam is a religion of peace, and Moslems reserve the right to behead anyone who says otherwise.)
To: cardinal4
Nothing, the same as Federal Reserve notes.
8
posted on
02/13/2014 7:29:53 PM PST
by
2ndDivisionVet
(I will raise $2M for Sarah Palin's next run, what will you do?)
To: E. Pluribus Unum
If there exists a dollar alternative, then this diminishes the ability of the gummint to control.
I, too, think the NSA was behind this.
9
posted on
02/13/2014 7:31:08 PM PST
by
gaijin
To: cardinal4
I don’t understand anything about bitcoin. I know it is digital currency, but what is backing it? Just google it.
10
posted on
02/13/2014 7:32:16 PM PST
by
gaijin
To: E. Pluribus Unum
At least the US dollar has ink and paper—both of which will be worth more than the face value of the bill in due course.
11
posted on
02/13/2014 7:33:09 PM PST
by
Fungi
To: E. Pluribus Unum
State sponsored, or banksters, or both, IMO. A lot of the bank executives meeting with mysterious deaths lately (4 - 5). I wouldn’t be surprised to learn that the same are involved in the DOS attacks on the exchanges are as well.
12
posted on
02/13/2014 7:34:58 PM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: gaijin
13
posted on
02/13/2014 7:36:52 PM PST
by
Gene Eric
(Don't be a statist!)
To: All
14
posted on
02/13/2014 7:38:54 PM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
State sponsored, or banksters, or both, IMO. A lot of the bank executives meeting with mysterious deaths lately (4 - 5). Yeah, isn't it odd? Maybe it's just a statistically fluke, though.
To: cardinal4
I googled it, yahood it, binged it, .... still don’t understand it.
16
posted on
02/13/2014 7:41:17 PM PST
by
VerySadAmerican
(".....Barrack, and the horse Mohammed rode in on.")
To: cardinal4
but what is backing it?It was created out of nothing by a hacker.
17
posted on
02/13/2014 7:41:26 PM PST
by
PAR35
To: E. Pluribus Unum; cardinal4
Same thing backing the US dollar. That's not entirely correct. The USD is backed by the enormous mass of goods and services that are ready to be exchanged for it. BTC is backed by hardly anything because there are virtually no goods or services that are exchangeable for a BTC. No merchant would want to hold the BTC, which is not a surprise considering BTC's volatility. A few vendors sell stuff "for BTC," but in reality they convert your BTC into USD and then sell you the product for those USD.
18
posted on
02/13/2014 7:42:10 PM PST
by
Greysard
To: 2ndDivisionVet
Nothing, the same as Federal Reserve notes. Have you forgotten about the German gold?
19
posted on
02/13/2014 7:42:11 PM PST
by
PAR35
To: 2ndDivisionVet
Except malleability is not going to transfer coins. This is pure theft, not some conspiracy. They just took the money and ran.
20
posted on
02/13/2014 7:43:35 PM PST
by
Vermont Lt
(If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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