175 billion in BC or more out there makes a little pilfery a guarantee On Thu, Dec 7, 2017 at 1:03 PM, Mathew Howard <mhoward...@gmail.com> wrote:
> Seems to me that if somebody (with unlimited funds, presumably) wanted to > kill it, the best way would be to run it up to crazy high prices, and then > crash it... that's going to scare most people off for a long time. > > On Thu, Dec 7, 2017 at 12:29 PM, Brian Webster <i...@wirelessmapping.com> > wrote: > >> Or maybe the World Bank doesn’t like this one bit and sponsored the hack >> to scare people and have them running back to government sponsored paper >> money. Can’t imagine Rothschild’s were going to just sit there and let >> something they didn’t control take over like this. Their empire is way too >> big to just sit still and let a new system take hold. >> >> >> >> >> >> Thank You, >> >> Brian Webster >> >> >> >> >> >> *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Steve Jones >> *Sent:* Thursday, December 07, 2017 11:10 AM >> *To:* af@afmug.com >> *Subject:* Re: [AFMUG] Bitcoin Worth Millions Stolen Days Before US >> Exchange Opens | Business News | US News >> >> >> >> Im wondering if it wasnt an internal graft. Josh was just nearing his >> payout, when this happenned hes like meh. How many thousands of others were >> in the ame spot. The wallet gets miraculously recovered with an apology to >> those who lost their near payout with a promise of "we will try harder" >> Thieves always doing thievy shit and stuff >> >> >> >> On Thu, Dec 7, 2017 at 9:33 AM, Carl Peterson <cpeter...@portnetworks.com> >> wrote: >> >> Pretty much. A good exchange keeps the vast majority of their funds >> offline, i.e on a usb key with a paper copy in a safe, and only keeps >> whatever float they need online and insures it. >> >> >> >> On Thu, Dec 7, 2017 at 10:27 AM, Robert <i...@avantwireless.com> wrote: >> >> So, if I have this right, someone cracked into someones "wallet" got >> their encryption key and used it to generate a new "transaction" that >> creates a new owner of the sum of bitcoin with a new encryption key and >> that act is added to the blockchain distributed database? >> >> On 12/7/17 6:59 AM, Steve Jones wrote: >> >> Not the same. You can identify that money in one way or another >> sonetimes, all the time if its cash and you wrote down the serials. Fdic >> doesnt insure your money. It insures the value of your money in its >> jurisdictional institutuions in exchange for you letting them use that >> value. They just choose the risk level theyre willing to take. Take 100 >> dollar bill to the bank, write down the serial. Come back the next day and >> withdraw it. Different serial, not your money, your moneys value. >> >> The decentralized nature of cryptocurrency means there is nowhere to >> turn. There is no serial only transactions. Coinage aside thats where one >> of the many failures of cryptocurrency falls. The dark nature of it ensures >> there will never be anything about it that makes one bitcoin identifiable >> from another, if that were to happen, it would collapse. >> >> Just wait until the bug is found that answers the initial question, and a >> duplicated and indiscernable wallet hits. Thats a matter of time. Then, >> noone even has to steal, they just invalidate your entire wallet with one >> transaction. With counterfeit money, you can identify it, destroy it, >> remove it from circulation without invalidating someone elses money. >> Thats why fiat and precious metal backed currencies have an accompanying >> authoritative enforcement agency. >> >> On Dec 7, 2017 8:42 AM, "Josh Reynolds" <j...@kyneticwifi.com <mailto: >> j...@kyneticwifi.com>> wrote: >> >> Same as if somebody punches you and takes your wallet, or takes more >> than the 250,000K the FDIC insures out of your $20mil bank account. >> >> On Dec 7, 2017 8:26 AM, "Steve Jones" <thatoneguyst...@gmail.com >> >> >> <mailto:thatoneguyst...@gmail.com>> wrote: >> >> Recreating it is the same as counterfitting. If i lose 100 bucks >> while im out. I cant wake up and when the hangover cures, just >> print a new bill. Crypto currency is by nature "anonymous" >> whoever posseses it owns it, not like a stock or bond thats got >> a trail of identifiable ownership. >> This is why it will never function as an actual currency, its >> just a digital commodity with no inherent safety net. Even a >> gold bar you can stamp. One bitcoin is theoretically >> indiscernable from another, so even if you tracked it, you >> couldnt prove ownership. With no central backing, even if you >> could, theres no enforcement body to make anyone give it >> back.... aside from a hard fork >> >> On Dec 7, 2017 8:17 AM, "Gino A. Villarini" <g...@aeronetpr.com >> <mailto:g...@aeronetpr.com>> wrote: >> >> Right.. Same idea >> >> From: Af <af-boun...@afmug.com >> <mailto:af-boun...@afmug.com>> on behalf of Matt Hoppes >> <mattli...@rivervalleyinternet.net >> <mailto:mattli...@rivervalleyinternet.net>> >> Reply-To: "af@afmug.com <mailto:af@afmug.com>" <af@afmug.com >> <mailto:af@afmug.com>> >> Date: Thursday, December 7, 2017 at 9:38 AM >> >> To: "af@afmug.com <mailto:af@afmug.com>" <af@afmug.com >> <mailto:af@afmug.com>> >> Subject: Re: [AFMUG] Bitcoin Worth Millions Stolen Days >> Before US Exchange Opens | Business News | US News >> >> Right. But this is digital. >> >> On Dec 7, 2017, at 08:24, Gino A. Villarini >> <g...@aeronetpr.com <mailto:g...@aeronetpr.com>> wrote: >> >> Same as you steal paper money, you can’t deactivate the >> stolen notes and draw yourself new ones … >> >> From: Af <af-boun...@afmug.com >> <mailto:af-boun...@afmug.com>> on behalf of Matt Hoppes >> <mattli...@rivervalleyinternet.net >> <mailto:mattli...@rivervalleyinternet.net>> >> Reply-To: "af@afmug.com <mailto:af@afmug.com>" >> <af@afmug.com <mailto:af@afmug.com>> >> Date: Thursday, December 7, 2017 at 9:09 AM >> To: "af@afmug.com <mailto:af@afmug.com>" <af@afmug.com >> <mailto:af@afmug.com>> >> Subject: Re: [AFMUG] Bitcoin Worth Millions Stolen Days >> Before US Exchange Opens | Business News | US News >> >> How do you steal bit coin it's digital currency. Can't you >> just deactivate whatever was "stolen", and re-create it, >> this digital currency is completely foreign to me. >> >> On Dec 7, 2017, at 08:07, Jaime Solorza >> <losguyswirel...@gmail.com >> <mailto:losguyswirel...@gmail.com>> wrote: >> >> https://www.usnews.com/news/business/articles/2017-12-07/bit >> coin-miner-nicehash-reports-hack-theft-of-its-wallet >> <https://www.usnews.com/news/business/articles/2017-12-07/bi >> tcoin-miner-nicehash-reports-hack-theft-of-its-wallet> >> >> Jaime Solorza >> >> >> >> >> >> >> >> -- >> >> Carl Peterson >> >> *PORT NETWORKS* >> >> 401 E Pratt St, Ste 2553 >> <https://maps.google.com/?q=401+E+Pratt+St,+Ste+2553%0D+Baltimore,+MD+21202&entry=gmail&source=g> >> >> Baltimore, MD 21202 >> <https://maps.google.com/?q=401+E+Pratt+St,+Ste+2553%0D+Baltimore,+MD+21202&entry=gmail&source=g> >> >> (410) 637-3707 >> >> >> > >
