Post
Topic
Board Bitcoin Discussion
Re: Are early adopters stabilising the market?
by
RomertL
on 17/06/2011, 00:24:16 UTC
That "heist" is an unconfirmed rumor. more FUD.

You are not seriously suggesting that an old forum member faked the heist in order to crash the price? Are you?  

That wouldn't even make any sense.  The fact that a hacker can steal a plaintext wallet.dat is not exactly a secret. This vulnerability has been discussed ad nauseum on this forum and consensus was reached months ago, that it is a good idea to keep a separate savings wallet. Even allinvain admitted that he knew his setup was highly unsafe before his coins were stolen.

The heist revealed nothing that wasn't already known, besides it's not a bitcoin vulnerability but an OS vulnerability.  Thus the market should ignore such news ... unless ... the market is dominated by ignorant, immature amateurs who don't understand bitcoin and are swayed by whatever they read on Gawker.


A more plausible scenario is that someone stole his identity. It's easier to hack a bitcoin.org account than someone's OS.

Not sure I believe it either. It's just too much money to store that way. Anyone here had large quantities stored in one place without encryption or anything? (Don't worry, I'm not going to ask were haha).

But on the other hand, one isolated incident isn't likely to alter the exchange-rate either. That's probably even less effective than the Sell sell sell posts... The current fall is probably the sell-before-weekend-buy-after-syndrome.