Quote from: damiano on June 02, 2014, 02:42:57 PM

As mentioned before, this is totally irresponsible.

For someone that is sorta long standing in this community I would of thought a bit better.

Just my .02

Point well taken -- "This" makes me seem totally irresponsible. But the problem is there is a lot you don't understand. You were given a news release and an overtrolled community response. Here's the deal; we had regular, weekly, off-site backups. Even if someone got a hold of the backups they would be unable to take money out of the wallet without the password. And despite people claiming I said "RAID is not a backup" I did not say that. The server is kept on a RAID and so is the backup for access and reduncancy. That does not mean RAID is a backup. It means the server and the backup were on a RAID array. The only reason I mentioned RAID at all was to point out how the server went down. It is otherwise inconsequential. What kind of troll would twist what I said into a claim I believed "RAID was a backup?" Preposterous.

I also kept secondary backups at home. I just finished running through backups of 8 or 9 different wallets. Unfortunately the server's wallet was kept on a local hard drive which had recently failed. Which just goes to show you that nothing is immune; I've had USB drives fail on me before as well. Especially tails partitions, which is a perfect place to keep wallet backups.

But let me tell you what this is really about. People seem to have seized upon the number $10,000 and the word "wallet" as if I had said I had $10,000 in the wallet. I did not say that. In fact someone on IRC told me I had said that (it was fluffypony, more on him below) -- when I pointed out to him that I did not say that, he told me "his point still stands" -- no, it does not stand. It never did. It was a troll. You KNOW it was a troll because of the ridiculous, stupid things people said about my post, such as I was lazy and retarded because had "edited dates on the fly". Please. Don't you realize how dumb that sounds? The only reason I didn't just delete the line is because I have integrity and wanted to show I had made a mistake in my post. Lord knows you don't want trolls stating "OMG he changed the date!! He's a liar!" because oh wow, 10 seconds between edits makes a lie. Nevermind the fact that actually reading the post you would realize the words "May 29th" were a mistake because I mention that the server went down two months ago and half the story is how I have been trying to recover it since then. People, think.

The actual wallet had few bitcoins -- certainly less than three -- if anything. Nothing was in production. I was completely justified in the backup solution I chose. When I said realized losses it was a specific financial term. Now that I have pointed that out I expect you to look it up on investopedia and to understand what I said. What I said was (in short form), we marked down the remaining value of our server and IP, plus the lost data in man hours. Easily $10,000. I had lost at least two weeks' worth of coding. It does not mean the company lost $10,000. In fact, what you should have read from this is that I was exceedingly competent in judging the amount of money we spent on our backup system based on how much was lost.

Now that I have recovered everything except the wallet file the actual loss should be pegged at less than $2,000, twelve hundred of which is the cost point of our new backup system.

Remember the OP?

Quote from: usagi on May 29, 2014, 05:30:00 AM

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

Now let's take things from the troll's point of view, to show just how stupid they have been. How would people have felt if I had posted "We had a server crash, but our $10,000 backup system luckily saved the day!!" You should feel horrified, but instead you probably would feel elated that someone had the good idea to properly back things up. In the industry we call this "ass-backwards". It's difficult to understand, I know, but we lost less money in this crash than we would have if we had initially purchased a $10,000 backup system. And, as mentioned several times now, I just spent $1200 on a new DS-4 and drives. I assure you that this is a risk vs. reward scenario and that there is no one better qualified to explain this to you than ME.

The other thing is the security of the "web wallet". Which had not been under development or production for more than one year. It's last activity was being sold to someone on the OTC network. They couldn't get it to work so I offered them a full refund. What a noble thing for me to do, step out like that for members of the community.

This is what I find so humorous about people like floppypony and team -- they just don't get it. I did the all the right things -- including not overspending on financially unjustifiable redundancy. But it gets worse. Did you know fluffypony is actually a well-known scammer who has ripped off dozens of people with his openrigs scam? I know -- what's he even doing here?

"Extensive research has uncovered many users complaining about not receiving their orders. Out of all 20 users I found, only two users ever received their frame. One of the users who received his frame stated that its build quality was very poor, and included pictures to substantiate their claims."

http://www.reddit.com/r/vertcoin/comments/2590id/hello_members_of_the_cryptocurrency_community/
https://www.bitcoinregime.com/2014/05/10/hello-members-of-the-cryptocurrency-community-important-info-about-openrigs-scam-please-read/