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Post by stockpicker on Jan 5, 2014 8:23:07 GMT 7
Bitcoin has to be the biggest scam in human and currency history. The man behind, Mr.Fontas, may have started bitcoin by fun but it is now being manipulated and speculated by speculators or rather "druggers" to be having limited issues, a trouble free universal and non-controllable currency and therefore, it has gone up in value, literally pushed up by the speculators, who called themselves "users" of the bitcoins. It is commonly used by the drug dealers in the Silk Road.
In the history of mankind, currency is a form of money always issued by the countries and governments who control the usage and the circulation. It is always backed by the governments. This Bitcoin has none of these controls and backings and therefore, has no protection of the stored value unless a strong country like the US or China is willing to accept it and assume to be its master.
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Post by oldman on Jan 5, 2014 18:45:37 GMT 7
Bitcoin has to be the biggest scam in human and currency history. The man behind, Mr.Fontas, may have started bitcoin by fun but it is now being manipulated and speculated by speculators or rather "druggers" to be having limited issues, a trouble free universal and non-controllable currency and therefore, it has gone up in value, literally pushed up by the speculators, who called themselves "users" of the bitcoins. It is commonly used by the drug dealers in the Silk Road. In the history of mankind, currency is a form of money always issued by the countries and governments who control the usage and the circulation. It is always backed by the governments. This Bitcoin has none of these controls and backings and therefore, has no protection of the stored value unless a strong country like the US or China is willing to accept it and assume to be its master. Agree. But it does show the way forward for anything to be traded on the world markets without the need for a stock exchange. Certainly sets the mind thinking....  |
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Bitcoin
Jan 10, 2014 15:11:22 GMT 7
Post by zuolun on Jan 10, 2014 15:11:22 GMT 7
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Bitcoin
Jan 18, 2014 18:05:36 GMT 7
Post by zuolun on Jan 18, 2014 18:05:36 GMT 7
師奶炒 Bitcoin — 20 Dec 2013
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Post by zuolun on Feb 3, 2014 9:28:18 GMT 7
Buy this $8M mansion with bitcoins — 2 Feb 2014
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Bitcoin
Feb 10, 2014 19:56:25 GMT 7
Post by oldman on Feb 10, 2014 19:56:25 GMT 7
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Post by oldman on Feb 12, 2014 5:10:56 GMT 7
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Post by oldman on Feb 14, 2014 4:30:50 GMT 7
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Post by oldman on Feb 17, 2014 6:41:10 GMT 7
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Post by oldman on Feb 21, 2014 4:45:27 GMT 7
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Bitcoin
Feb 25, 2014 14:53:44 GMT 7
Post by oldman on Feb 25, 2014 14:53:44 GMT 7
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Post by stockpicker on Feb 27, 2014 12:16:41 GMT 7
The World's biggest scam has finally been unfolded. Pity those still holding bitcoins especially those putting in millons thinking about getting billions out of bitcoins..soon, we will find more stories, such as so and so banks have lost so much in bitcoins and will have to declare bankrupt. But bitcoin in circulation is not much .. around $ 7 to $10 billion USD. blockchain.info/charts/market-cap |
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Bitcoin
Feb 28, 2014 17:16:27 GMT 7
Post by oldman on Feb 28, 2014 17:16:27 GMT 7
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Post by oldman on Mar 5, 2014 19:30:51 GMT 7
A small bitcoin bank has shut down. Looks like it is not that difficult to hack into a bitcoin bank....... flexcoin.com/---------------- Flexcoin is shutting down. (March 3 2014)On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, dividing them into these two addresses: 1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu 1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6 As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately. Users who put their coins into cold storage will be contacted by Flexcoin and asked to verify their identity. Once identified, cold storage coins will be transferred out free of charge. Cold storage coins were held offline and not within reach of the attacker. All other users will be directed to Flexcoin's "Terms of service" located at "Flexcoin.com/118.html" a document which was agreed on, upon signing up with Flexcoin. Flexcoin will attempt to work with law enforcement to trace the source of the hack. Updates will be posted on twitter as soon as they become available. Update (March 4 2014)During the investigation into stolen funds we have determined that the extent of the theft was enabled by a flaw within the front-end. The attacker logged into the flexcoin front end from IP address 207.12.89.117 under a newly created username and deposited to address 1DSD3B3uS2wGZjZAwa2dqQ7M9v7Ajw2iLy The coins were then left to sit until they had reached 6 confirmations. The attacker then successfully exploited a flaw in the code which allows transfers between flexcoin users. By sending thousands of simultaneous requests, the attacker was able to "move" coins from one user account to another until the sending account was overdrawn, before balances were updated. This was then repeated through multiple accounts, snowballing the amount, until the attacker withdrew the coins. (Here and Here) Flexcoin has made every attempt to keep our servers as secure as possible, including regular testing. In our ~3 years of existence we have successfully repelled thousands of attacks. But in the end, this was simply not enough. Having this be the demise of our small company, after the endless hours of work we've put in, was never our intent. We've failed our customers, our business, and ultimatley the Bitcoin community. Please direct any and all questions to admin(at)flexcoin(dot)com and we will reply to you as soon as possible. |
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Post by zuolun on Mar 6, 2014 8:43:33 GMT 7
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