Quote from: aq on July 13, 2012, 06:01:06 PM

Quote from: BadBitcoin on July 13, 2012, 05:55:52 PM

Quote from: aq on July 13, 2012, 05:49:05 PM

Quote from: BadBitcoin on July 13, 2012, 05:25:35 PM

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.

So it was no issue for you that they had been hacked a few times before?
Slowly I am starting to understand why they still believe that they can continue running Bitcoinica in the future. In a year from now, everyone will say "yes, they got hacked some 20 times, but I feel that it wont happen again".

After the initial hack, I was extremely put off by bitcoinica and completely avoided them, however upon returning to their site I could see that they began (at least facetiously) taking security very seriously, and I

decided that they had a reputation to match mtgox (another hacked website, however is still widely traded on). I decided to use them for a wire transfer because they had an easier bank name to input at the

bank vs. mtgox's japanese bank, please stop harassing people that lost their shirt in a "semi reputable" business, I don't just throw my money around willy nilly, and your assumption that I do is insulting.

Sorry, did not want to insult anyone. Was just trying to understand how the site got that much trust, after being hacked and once it was public knowledge that it was run by a minor.

I put zhou in utmost regard, he may have been negligent in a hack, but he certainly would have paid us what is ours within the first WEEK of the hack, not sit around on his hands for 3 MONTHS like the intersango/consultancy guys had done, if I knew there was a change of hands of ownership, I wouldn't have used bitcoinica.

I never trusted intersango with my money, I trusted zhou.