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Showing 4 of 4 results by Missim
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Board Beginners & Help
Re: BIPS Wallet security breach
by
Missim
on 30/11/2013, 21:47:46 UTC
Quote

BS here as well. I can write whatever I like in my TOS. But when it comes to the courts the TOS is as good as shit. You need to make sure your TOS doesn't violate the law first.

How does/did the TOS violate the law?  Which law does it violate?

You had to beg Kris to  realise there was a bug.  And, knowing there was a bug, you left your funds there.  OK....  I wish I was  as smart as you...

Quote
This kind of shit brings in all the security loop-holes.


This kind of statement makes you appear smart, but it is actually without any foundation.

As for your assertion I am Kris, or Kris's shill or  any derivation of that  - I am not.   I lost  btc in this hack.  Unlike you however, I am not looking for a scapegoat.

It's called being an adult and taking responsibility for one's own actions.  If you argue that Kris has to take  responsibility for  the hack, then you are, by implication, saying he did it. 

You yourself allegedly knew the code was not sound.  Yet you didn't tell anyone else, and  in fact kept your btc  stored in Bips.  If you are so good at finding bugs, why did you not start your own service instead of  using  what you saw as an inferior product..  However, such questions divert from the  topic, which is the breach.

It happened.  We lost our btc.  The lesson seems to be to not use hot wallets.
Post
Topic
Board Beginners & Help
Re: BIPS Wallet security breach
by
Missim
on 27/11/2013, 14:31:07 UTC
Well, this market is still very new, so you must treat the investment you make in BTC as something very risky.
I also owned BTC in my webwallet in BIPS. Sure, I lost it all, but high risk does not come with guarantees and I get that and will continue using the processor services of BIPS, as I find their system easy and cost efficient.

Why is it that i'm seeing too many newbie/junior accounts commenting similar stuff here?

Isnt' that obvious? And pathetic if i may add   Cry
Also discouraging about how that problem is going to end  Roll Eyes

I was not aware that posting here was a prerequisite to having an opinion.  The BTC market is  wide - and does not revolve around posting in this forum. And - newbies are allowed to post only here.Wink

As a user of Bips - and one who lost coins-  I am entitled to an opinion. And to be able to post it - regardless of the views of allegedly more distinguished members.

The thread is about the security breach. 

What happened to Bips was bad. This does not make Bips people bad. This is the opinion of  some (myself included).  Bips have no responsibility to return what was stolen. Perhaps many would prefer they did, but the fact is we are dealing with a commodity that- if stolen- there is no redress. We all knew that.

As evidenced above some have been in touch with Bips and have realised that the truth has been told, as much as it can be. 

Waiting for my coins to be returned is not something I will spend my time on.  There is work to be done - that is more productive.
Post
Topic
Board Beginners & Help
Re: BIPS Wallet security breach
by
Missim
on 25/11/2013, 20:29:35 UTC
Use of  bitcoin does require the use of an online wallet. This is the case if  Bitcoin is  going to be accepted mainstream.

I too lost  here - but I blame the hacker - not the victim. From what I read the file system was wiped.  Curious as to why a hacker would do that. Usually get in - get the info  - get out.  Wiping the server clean ensures there is no trace of  how.

I believe some thought needs to be put into the who - as well as the how.

I do also note  a  number of online wallets  have had problems. A number of  the leading wallets in various countries  have been taken down recently.   Denmark, Poland, Czechoslovakia.

Rather than thinking all about me,  let's think all about we.  The BTC  community  has been targeted (and probably always will be) by those who seek to  devalue it.

They seek to destroy the work of hours spent  working out systems that are for the improvement of all.

Why is that?  If the hacker is successful then the value  drops.  And  who profits from that?  The  established systems  would seem to have the most to gain.  Food for thought.

It helps to read the terms.  I think the security was ok -  obviously not enough - hindsight is  20/20.  But one can lock the doors and the thief still breaks the window - or  burns the house down.

I hope Kris - and Bips -  continue.  I hope they focus on the merchant services.  I hope they prosper.

And -  I do hope they find  a  way to  recompense.  But  hey  I'm human.Wink 

If they don't - then I will still use their merchant services. 
Post
Topic
Board Beginners & Help
Re: Do you think BTC will hit $300?
by
Missim
on 07/11/2013, 02:56:22 UTC
The smart money is getting into BTC now as the critical mass has been reached .