Post
Topic
Board Securities
Re: BMF has lost access to it's wallet
by
twentyseventy
on 29/05/2014, 16:16:55 UTC
Hello. This is the letter I never expected I would have to write, primarily because I never saw this coming.

...

I may have slightly panicked; they have assured me a new server can be up in about a day. Fingers crossed!

Regardless of what the specific technical failure might have been, and regardless of whether someone else is going to be able to step in and fix that technical failure for you, it is fairly startling that there doesn't seem to be any hint of an apology in your post or even any acknowledgement of culpability.

Would you agree that ultimately, this has almost nothing to do with the server hardware and everything to do with the decision to store private keys on a web-accessible server that is operated and maintained by somebody else, relying on a backup strategy over which you don't appear to have any direct control or direct involvement? I am not suggesting that it is never a good idea to store private keys on a web-accessible server -- obviously many services could not be operated otherwise. But I would suggest that any decision to do so ought to be undertaken with full awareness of exactly what the h*** is going on with that server, and with an absolute willingness to take full responsibility for it and everything that happens to it. From what I can tell, you have expressed neither familiarity with what is going on nor a willingness to take full responsibility for it.

Am I wrong about that?

I can't agree more - did you learn nothing from the 17K BTC that Bitomat lost?

Your post isn't critical of me, it's just asinine. Anyways no, the intent is not to prevent what you said from being seen, it's to retain a good signal to noise ratio. The last thing that will happen here is people making baseless accusations out of a B-movie like "this is all very convenient, isn't it". If that's all you have, then you have nothing. Tell you what -- you have 100 days to explain your reasoning and provide evidence or I surely will delete your post (but not this record of your post).


It was meant to be critical of you; I've always been wary of your dealings in the past. One of the first things to happen are accusations, baseless or otherwise. I don't see the point in deleting a post if you're going to leave the 'record' of it up - what's the point.

In any case, it's extremely irresponsible to not be checking on the backups with that amount of money at stake.