Quote from: JayJuanGee on August 04, 2016, 11:47:53 PM

Quote from: JimboToronto on August 04, 2016, 10:51:26 PM

Quote from: JayJuanGee on August 04, 2016, 10:32:53 PM

Sure, there may be some better ways and better systems to accomplish the same thing, yet at the same time, the whole BTC infrastructure is developing and evolving and in that regard, a lot of this exchange activity is inevitable...

Now I agree with you on a personal level there are ways to preserve and secure value, but if everyone did the same as you, including institutions, who the hell knows where bitcoin's price would be or if bitcoin would be as developed as it is.

In any event, as an individual acting in the ecosystem, each of us can choose an approach balancing risk and reward that hopefully fits with his/her personal situation.

Fair enough, but at this stage I'll be selfish and think of my own security first.

Nothing wrong with that... ... Part of the rationale behind efficient market theories is for folks to act in their own self-interests, and to consider what they believe to be their own self-interests from their own perspective. Of course they may get it wrong from time to time, but still....

Kind of related to this whole matter, we have quite a few posts in this thread in which posters are attempting to lecture other folks about what they believe to be in the other person's interest or in the interest of folks who have funds on bitfinex as if they know what is in the self-interests of those bitfinex account holders. That's all fine and dandy, if you happen to have enough information about the other guy's situation.

On the other hand, there may be some guys who may have some unrealistic expectations of wanting to have their cake and eat it too. the balance is not always going to be clear... Bitfinex does have a duty to communicate about this matter and they have a duty to the users of their system, yet at the same time, we continue to kind of shoot in the dark regarding what is actually going on, what happened and what the path forward is going to be. Bitfinex agents are surely weighing their options in order to figure out how to deal with this matter in ways to carry out their duties to their customers while weighing the feasibility of their business model and security practices (that is to the extent that they may not be totally scamming, which seems to be a low possibility, even though the nicest of folks may turn into scammers, if they realize that the scammy option is the most feasible under the current circumstances).

I didn't read your post but I assume it is some kind of twisted logic on why you let others hold your BTC for you. Well, you did that, and now some of your BTC are gone.

You were derided repeatedly for keeping all your coins on exchanges... and now you've paid a cost for that. Either you learn a lesson from this and do a little research on how to properly secure your own keys, or, you don't. It is was your money. Undecided