BitShares Forum

Main => General Discussion => Topic started by: xeroc on May 22, 2015, 10:55:22 am

Title: Bitfinex has been hacked
Post by: xeroc on May 22, 2015, 10:55:22 am: Bam ..

how about a blockchain that can do leverage/lending/bonds and has an exchange?
all without counterparty risk?!

https://www.bitfinex.com/pages/announcements/?id=35
http://www.reddit.com/r/Bitcoin/comments/36uxxz/bitfinex_has_been_hacked/

please upvote/answer/contribute: http://www.reddit.com/r/Bitcoin/comments/36uxxz/bitfinex_has_been_hacked/crhbcqr

Talks:
https://twitter.com/flibbr/status/601680717291114496
http://www.reddit.com/r/Bitcoin/comments/36v29t/bitfinex_hack2252015_1459_bitcoins_lost/
Title: Re: Bitfinex has been hacked
Post by: chryspano on May 22, 2015, 10:59:56 am: And bitcoin talk is down.. i'm wondering if there is a connection...
Title: Re: Bitfinex has been hacked
Post by: xeroc on May 22, 2015, 11:02:52 am: Quote from: chryspano on May 22, 2015, 10:59:56 am
~~And~~Also bitcoin talk ~~is down~~was hacked.. i'm wondering if there is a connection...
fixed it for you :)
Title: Re: Bitfinex has been hacked
Post by: speedy on May 22, 2015, 12:20:38 pm: Quote from: xeroc ¯\_(ツ)_/¯ on May 22, 2015, 10:55:22 am
how about a blockchain that can do leverage/lending/bonds and has an exchange?
all without counterparty risk?!

Yeah but we just arent yet in a position to benefit from their problems:
-bond market isnt ready yet
-web wallet says "Assert Exception" when I clicked on the market: https://wallet.bitshares.org/#/market/BitBTC:BitUSD/guest/buy
-and it has no liquidity
-and it has no obvious deposit page

Yes I know Ive said all these things before, but we cant go advertising BitShares as a better alternative to BitFinex until its actually usable.
Title: Re: Bitfinex has been hacked
Post by: xeroc on May 22, 2015, 12:38:22 pm: Quote from: speedy on May 22, 2015, 12:20:38 pm
Yes I know Ive said all these things before, but we cant go advertising BitShares as a better alternative to BitFinex until its actually usable.
I totally agree .. also, it's r/bitcoin .. you can't just go there and tell them about BitShares .. they won't listen ..
This time, I tried a more defensive approach and that way was able to start a rather interesting discussion without anyone calling "shit altcoin" ..
Goal was to make them curious and let them do some research on their own ..
Title: Re: Bitfinex has been hacked
Post by: betax on May 22, 2015, 12:50:14 pm: Very interesting conversation :)
Title: Re: Bitfinex has been hacked
Post by: cass on May 22, 2015, 02:41:56 pm: Quote from: xeroc ¯\_(ツ)_/¯ on May 22, 2015, 12:38:22 pm
Quote from: speedy on May 22, 2015, 12:20:38 pm
Yes I know Ive said all these things before, but we cant go advertising BitShares as a better alternative to BitFinex until its actually usable.
I totally agree .. also, it's r/bitcoin .. you can't just go there and tell them about BitShares .. they won't listen ..
This time, I tried a more defensive approach and that way was able to start a rather interesting discussion without anyone calling "shit altcoin" ..
Goal was to make them curious and let them do some research on their own ..

Exactly this ... let them get convinced by their own research ;) Love this approach !!!!
Title: Re: Bitfinex has been hacked
Post by: starspirit on June 05, 2015, 12:01:25 am: This is Bitfinex's response:

Bitfinex and BitGo Partner to Create World’s First Real-Time Proof of Reserve Bitcoin Exchange
Posted: about 4 hours ago

We are very excited to unveil our new Bitcoin settlement system and security architecture that for the first time ever offers complete segregation of all customer bitcoins. Based on BitGo’s revolutionary multi-signature technology, we are now able to provide individual multi-signature wallets for each customer, allowing traders to verify funds on the Blockchain for complete transparency while retaining institutional-level security.

Starting today we will begin using unique sets of keys for each user, and will separate each user’s funds on the public blockchain. This powerful combination of BitGo’s multi-sig technology with our exchange mitigates most of the shared pool security risks while simultaneously enabling users to verify their individual holdings on the blockchain.

We will start migrating users' accounts to the BitGo system over the next couple days. We hope to have the full migration completed in less than a week.