1023600+ entries in 0.746s
mircea_popescu: supplemental (yet unrelated) drama : romanian wanna-be author who closed his blog last year cause i laughed at his pretense came back
to declare
that i'm obviously nuts for
thinking he closed his blog because of me.
mircea_popescu: this is why a gf helps, you
tell each you're gonna spend
the day with
the other.
rdponticelli: It's like a wife, bc I'm almost all day with
this play money...
mircea_popescu: "Secure your website first
then bark in front of us u fucking k1d u really cant compare us so grew up and secure all bitcoins site
then bark here"
smickles: mircea_popescu: yeah, i
think D&T may have a good chunk of usd held hostage now
mircea_popescu: That is unacceptable. Regardless of
the future of
the exchange you have an obligation
to disburse funds
to
the ACH account on record.
mircea_popescu: New withdrawals are currently on hold while I work
through
the future of
the exchange.
BTC-Mining: They don't even
TRY! Everything on hot goddam wallet.
rdponticelli: That's how we end up on
the financial system we know
today
BTC-Mining: All
the small exchanges/wallet don't have
the means
to do it.
BTC-Mining: Which
tends
to cost a lot
to implement.
BTC-Mining: And having secure servers for financial
transactions is a VERY COMPLEX FIELD.
There is absolutly ZERO room for error and must be set up correctly.
mircea_popescu: that's not how you go about what he claims he's
trying
to accomplish
BTC-Mining: The
thing is, any server used for financial
transactions is a prime
target for attacks
mircea_popescu: BitFloor is currently
the #4 USD exchange and #1 in
the US.
BTC-Mining: smickles: MtGox seems
to be fine.
They got hacked at some point but managed
through it and improved security.
smickles: so having a hot wallet seems
to be a garaunteed loss
BTC-Mining: Thing is, you can keep operating with a hot wallet for instant withdrawal if you
take care about security and keep it small enough
that you can cover a potential hack.
mircea_popescu: maybe my spartan ideas are more adequate
to some applications
than others.
BTC-Mining: Hey, when you find something and want
to pay for it, but have an online wallet, you still want
to pay immediately
mircea_popescu: you can expect it
till you're blue in
the face. what i expect from an exchange is
TO NOT BE OWNED
BTC-Mining: Not wait 12 hour for
the admin
to login and process manually
BTC-Mining: Just
that it should have a very small amount
BTC-Mining: Oh,
that's right... I'm ranting about
the lack of cold wallet
tho.
mircea_popescu: BTC-Mining why are you such a hater ?
they don't make servers like
they used
to
BTC-Mining: And
there's never a godamn cold wallet ever
BTC-Mining: Ok,
this is getting ridiculous, nearly every goddamn exchange,
trading platform, online wallet have
to close because "someone got access
to servers"
mircea_popescu: rdponticelli
that's why it's called drama.
tragedy + comedy.
rdponticelli: You don't have
to wait
to
the other side of
the story
rdponticelli: The nice
thing about btc is
that comedy and
tragedy happens simultaneously
mircea_popescu: you know someone's registering all
these domains right ?
rdponticelli: It's reaching
the point where it's
tragedy more
than drama
smickles: nefario: yeah, and
there wasn't really a cold wallet
smickles: dammit, i'm sure i had a few coins in
there
nefario: from what I read it's almost all
the hot wallet
BTC-Mining: I've seen before people
think aloud... but not
think visibly...
mircea_popescu: if
they call
these keys
the UNACTUAL keys
then
they are "unactual"
mircea_popescu: the problem with
the current generation of youths is
they honestly believe
the designations
they give
to
things in
their heads are binding
to
the world at large.
rdponticelli: quote bitfloor:
the attacker gained accesses
to an unencrypted backup of
the wallet keys (the actual keys live in an encrypted area) << Nobody
take security seariously here...
kakobrekla: mircea_popescu,
theres a shitton of bit* domains and buisnesses
mircea_popescu: it's entirely contrary
to
their own interest. you make a logo with bit in it, people see and remember "bit"
mircea_popescu: so
the advantage of running a stock exchange : my address now gets all sorts of "insider info" about various bs penny stocks.
smickles: smickles|m was only in
this chan
Namworld: Relaying your name
to
the infinite goatse spam bots
Namworld: Bot spy must not be in
this channel
smickles: got goatse'd 4 more
times in 3 seconds
Namworld: Although, yes. I should definitly work on
that design.
Namworld: Except it's unrelated
to bitcoins?