Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Missing Bitcoins
Old 06-16-2011, 06:35 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Missing Bitcoins

I know very little about Britcoins and do not believe that I have any however, somebody has found a way to steal them.

Quote:
On Monday morning, a user called allinvain posted a message to a bitcoin forum. It began:
Hi everyone. I am totally devastated today. I just woke up to see a very large chunk of my bitcoin balance gone ...
Apparently, someone had hacked into the guy's computer and stolen 25,000 bitcoins. (Here's more on bitcoins.) At current exchange rates, that's about $500,000.
Someone Just Stole $500,000 In Bitcoins : Planet Money : NPR
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-16-2011, 08:18 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
Quote:
Originally Posted by mickeyd View Post
I know very little about Britcoins and do not believe that I have any however, somebody has found a way to steal them.


Someone Just Stole $500,000 In Bitcoins : Planet Money : NPR
Thanks for posting this. However, these are bitcoins, not Britcoins. They are a stateless money, and evidently the organizers are still early in the learning curve.

Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 06-18-2011, 03:35 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Quote:
Originally Posted by haha View Post
Thanks for posting this. However, these are bitcoins, not Britcoins. They are a stateless money, and evidently the organizers are still early in the learning curve.

Ha
Oh, bitcoins. Now I'm not only confused as hell, but also embarrassed.
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 06-18-2011, 04:36 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
I'd rather dabble in Dutch tulip bulbs. At least they are 3 dimensional and I can put them in my hand or plant them and let them multiply.

I am amazed that people would invest in something that is essentially 1s and 0s in somebody's online database.

Follow the virtual money...
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 06-18-2011, 05:43 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,610
Not me. Good, solid government bonds for me. The interest rates are great these days. How could you possibly go wrong with 7.5% on government bonds? And they're denominated in Euros, so you even avoid the problem of the weakening dollar!

Yes sir, that's that ticket. Why, Prime Minister Papandreou himself is spending most of his time these days just keeping them going. What could possibly go wrong?
__________________
Pas de lieu Rhône que nous.
braumeister is offline   Reply With Quote
Old 06-18-2011, 05:51 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
I was making an offbeat reference to this mania from long ago...
Tulip mania - Wikipedia, the free encyclopedia

There is an exhaustive explanation of bitcoins here
http://en.wikipedia.org/wiki/Bitcoin

Pass the tulip bulbs, please.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 06-18-2011, 06:34 PM   #7
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
So bitcoins are crypto-money used extensively by dope dealers and hackers - no wonder the dude got ripped off.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Old 06-18-2011, 08:17 PM   #8
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by mickeyd View Post
Oh, bitcoins. Now I'm not only confused as hell, but also embarrassed.
Shucks, I thought this was about shillings too.

Mods, could one of you edit the title from "Britcoins" to "Bitcoins"? Otherwise we'll go through hell trying to find this thread five years from now. I don't want to get into how I learned that. Thanks.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 06-19-2011, 10:00 AM   #9
Thinks s/he gets paid by the post
ls99's Avatar
 
Join Date: May 2008
Posts: 4,792
Then there was the South Sea bubble.
__________________
There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Old 06-19-2011, 10:20 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by freebird5825 View Post
I'd rather dabble in Dutch tulip bulbs. At least they are 3 dimensional and I can put them in my hand or plant them and let them multiply.

I am amazed that people would invest in something that is essentially 1s and 0s in somebody's online database.

Follow the virtual money...
Hmm. And just how is this different than my online account with Capital One? Your question also explains why we insist on paper statements each month. When the aliens zap us with an EMP and all the computers lose their minds or the next version of Y2K rolls around I want paper evidence that those guys got my money. It also explains, to a great extent, our fascination with real estate that we can go and touch and our reduced interest in stocks that represent intellectual capital or other non-physical things.

About 6-7 years ago we had some computer savvy student/tenants who were making things - developed islands and such - in a multiplayer game that they then sold to other players for internet cash that somehow was converted to about $1500 in American green. I sure didn't understand the why or how, but did spend their rent money.
__________________
calmloki is offline   Reply With Quote
Old 06-19-2011, 11:03 AM   #11
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by calmloki View Post
Hmm. And just how is this different than my online account with Capital One? Your question also explains why we insist on paper statements each month. When the aliens zap us with an EMP and all the computers lose their minds or the next version of Y2K rolls around I want paper evidence that those guys got my money.
I can make my own paper statements anytime I want, and with better paper & numbers, too...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 06-19-2011, 04:24 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Quote:
Originally Posted by calmloki View Post
Your question also explains why we insist on paper statements each month. When the aliens zap us with an EMP and all the computers lose their minds or the next version of Y2K rolls around I want paper evidence that those guys got my money.

.
I still retain my paper statement options with CC and VG and the rest of the world. Sure I can always convert to the online version, but I can't opt back to the paper version (usually). I like to retain as many of my options as possible.

BTW, if the "aliens zap us with an EMP", who will print out and mail our paper statements? Won't their computers be zapped also?
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 06-19-2011, 06:25 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
Quote:
Originally Posted by mickeyd View Post
I still retain my paper statement options with CC and VG and the rest of the world. Sure I can always convert to the online version, but I can't opt back to the paper version (usually). I like to retain as many of my options as possible.

BTW, if the "aliens zap us with an EMP", who will print out and mail our paper statements? Won't their computers be zapped also?
Presumably - but I can show what we had as of last statement and statements going back into the past - and doubt they (the bank, not the aliens) could show any withdrawal we would contest. So I'd say we had best available evidence of funds on deposit.
__________________

__________________
calmloki is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Am I missing anything? Katsmeow FIRE and Money 18 12-08-2009 09:32 AM
My Giblets are Missing! TromboneAl Other topics 9 06-25-2009 10:36 PM
See what we're missing? freebird5825 Other topics 8 12-02-2008 08:06 PM
What am I missing? wsw1963 Hi, I am... 15 09-18-2007 09:59 AM

 

 
All times are GMT -6. The time now is 05:22 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.