Quote from: Kasgel on November 08, 2013, 01:19:16 PM

What if he just refunds people that had more than 1 BTC from the amount that he stole? So not from his own personal money. There are still lots of people that had less than 1 BTC and he would make good profit just from their bitcoins.

Why does the site ask for your email if you had more than 1BTC?
- did we forget to backup the ledger as well as move private key/s offline?

Quote from: gweedo on November 07, 2013, 07:44:21 AM

Everyone in this thread, look at bitcoin-qt and armory together the safes way to handle bitcoins on your computer. Otherwise the best way would be paper wallets, I have a lot of paper wallets.

Armory is a bit of a hassle and for non-IT n00bers, you cannot seriously recommend it with a straight face.

The easiest and best way to 'cold' store 'coin' offline?
Grab vanitygen64 or similar from github; make a few addresses and keep the prvkey offline; send nest egg funds to one of these addresses; make very sure you keep the private key printed in triplicate and each copy stored in a very safe place.

Quote from: muasktak10 on November 07, 2013, 09:01:33 AM

Is using two passwords, one to login, one to authorize funds transfers, and 2fa on coinbase.info enough to combat vulnerabilities from both sides?

The vulnerability here is very likely a combination of greed and lack of supervision. The former will always exist and should thus be assumed and expected. The latter, is up to everyone to demand and insist is mandatory* and a requisite for doing businesses.

The policy everyone needs is "It is not that I don't trust, rather I always favor not having to trust". Put systems in place such that you only trust when there is simply no practical structure to eliminate it.

Quote from: slothbag on November 07, 2013, 08:17:56 AM

Maybe TradeFortress should have spent less time scamming ripple newbies and creating ripplesscam websites and more time securing his own website!

lulz.

In all seriousness, did no one at all ask for a collection of wallet addresses used by the site?

Has no one had any form of peak at the books?

Can anyone verify at all that 4100 BTC was 'there' a week ago and has just in the last 48 hours been moved?

Quote from: romerun on November 07, 2013, 07:36:36 AM

They have been aggressively marketing the site, a lot of giveaway, partner bribe, etc, no fee sending, how do they make money? Other than trying to runaway with user money.

They are 'making money' the old fashioned way - 'so long as the discounted hypthetical future valuation' of the business is increasing, it's perfectly fine to borrow a bit here to spend a bit there. lol.

refer Enron and HFV accounting...
www.youtube.com/watch?v=hR45ja3VjGE‎