Quote from: joepie91 on August 02, 2011, 05:28:54 AM

Before I start, this topic is not intended as trolling. I am entirely serious, and I hope I can wake up some people and make them realize what they are doing.

Bitcoin is about freedom. Freedom to do with your funds what you want. To store them in a way you want, in a way you deem them secure, without having to rely on a third party.

With freedom comes responsibility. Responsibility to take care of the security of your own funds, or to pick a provider you trust and have them take care of it.

If the MyBitcoin crash was a responsibility test, and you lost any considerable amount of money in there, YOU FAILED THE TEST.

Please explain to me how you had the idea that it was a good idea to store considerable funds in a service that has a proven poor track record - remember how hundreds of accounts were cleaned out, all to the same address, and not a single automated red flag regarding fraud was triggered, letting through all the payments? How such an obvious fraudulent transaction went through, and was claimed to have been 'stopped manually', with no real security measures in place? Remember how noone actually appears to really be running the site, and how it is rather 'faceless'? Why would you store any considerable amount of money there? Why did you not store (the majority of) it in a properly secured wallet.dat file on a local machine?

Even if this was not intended as a test, it was a very good one, and you definitely failed it if you indeed lost serious funds.

Just something to think about.

Hmm.. lets recap

1. Mtgox gets hacked. Funds stolen, hashed password list published to internet
2. Allinvain's computer gets hacked. 25,000 BTC stolen
3. Coinpal gets paypal accounts frozen
4. bitcoin4cash.com complains of postal strikes ... does not honor locked in trades
5. TradeHill drops Dwolla
6. Mybitcoin.com disappears
7. Virus appears in wild that steals wallets

Could be that bitcoin in general needs a better track record. Just something to think about.

dtime

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