May not be physical but this and other incidents show it can be stolen just like physical money.
I never really got what "mining" does. What does the company get from people mining stuff?
[QUOTE=MisterSjeiks;37549439]I never really got what "mining" does. What does the company get from people mining stuff?[/QUOTE]
Bitcoin mining is the systems method of increasing the money supply. It's sort of like printing money, except you run complex algorithms to generate the money. Unless something changed, nothing is produced, no services or anything. It's stabilized because it's very difficult to run these operations and they progressively get more complex causing inflation to level off eventually.
In my mind they should be developing systems to use the power, but it's being literally just burned off on wasted calculations designed to slow down bitcoin mining.
Bitcoin isn't a company really, it's a supposedly decentralized currency. Though various companies are in the business of doing conversion between bitcoins and real market currency.
[QUOTE=MisterSjeiks;37549439]I never really got what "mining" does. What does the company get from people mining stuff?[/QUOTE]
TLDR it's a Minecraft ARG
The first thing I thought when I saw this was "Again?"
Somebody out there is getting really wealthy from hacking bitcoin exchanges, and yet people still throw money blindly at the system...
The guy was a fucking stupid sysadmin. No news here.
[editline]5th September 2012[/editline]
[QUOTE=Dantai;37549323]May not be physical but this and other incidents show it can be stolen just like physical money.[/QUOTE]
No shit, there are plenty of ways to steal bitcoins (and even more ways to steal "real" money.)
I'm pretty sure this has nothing to do with bitcoins being unreliable, this is more like a bank securing all its money in a cardboard box.
[QUOTE=scout1;37551840]The first thing I thought when I saw this was "Again?"
Somebody out there is getting really wealthy from hacking bitcoin exchanges, and yet people still throw money blindly at the system...[/QUOTE]
Because several major robberies later, apparently it's still the best method electronic currency method in front of PayPal and Mondex.
The fact that exchanges get hacked isn't the fault of bitcoin. It's the fault of exchanges taking shitty security measures.
They should take a lesson from the people around them and hash everything and if they need to upgrade store everything on a local server.
[QUOTE=Aide;37560405]They should take a lesson from the people around them and hash everything and if they need to upgrade store everything on a local server.[/QUOTE]
Hash & salt [B]EVERYTHING[/B].
Also AES-256 and all that other good security stuff.
[QUOTE=Van-man;37560434]Hash & salt [B]EVERYTHING[/B].
Also AES-256 and all that other good security stuff.[/QUOTE]
Yeah but look what the guy did
[quote]But Mr Shtylman acknowledged on a forum that he had recently carried out an upgrade of his systems and stored an unencrypted copy of the keys during the process, which the thief took advantage of.[/quote]
It doesn't matter how secure your production DB is if you keep an unencrypted copy handy like this sysadmin decided to do.
[QUOTE]But... he had recently carried out an upgrade of his systems and stored an unencrypted copy of the keys... which the thief took advantage of.[/QUOTE]
These innocent keys will fit nicely here...
[QUOTE]root/www/public/[/QUOTE]
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