Post
Topic
Board Bitcoin Discussion
Re: Bitcoinica MtGox account compromised
by
BadBitcoin (James Sutton)
on 13/07/2012, 17:25:35 UTC
Fool me once, shame on you.
Fool me four times, I'm a fucking idiot  Cheesy

There is probably a lot of truth in this.

whoBTCUSDTotal @5Total @7.75
BadBitcoin0500050005000
lonelyminer476602383035745
MemoryDealers248410124205192517.75
guruvan5000500500
ninjarobot??3862638626
Yankee (BitInstant)????
xjin50080001050011875
dizzy1500250387.5

Maybe we should ask why all those people had that much funds there...?



I read the entire TOS, I felt protected.

The level of personal security of each account was an order of magnitude higher than my banks, I had a 24 character password that was essentially a hash key, as well as a google authenticator with my smart phone, best part?
 I was using bitcoinica as an exchange, I just deposited my money in my account and was planning on turning into btc that same day for an investment with starfish BCB, then the hack happened.

I did my due dilligence on the company, and the risk of the company becoming insolvent was low at that time, please don't get angry at me for believing personal security measures was enough.