And numerous other examples. Bad people are everywhere. Cryptocurrency is a new realm that combines tech with the economy at a different level and currently, it is like a big experiment. It might be an expensive experiment but the learnings are for sure gonna change the face of the internet.
He had kept it offline for most of the past several years, but had connected that device in recent weeks to move them somewhere more secure and sell some. Though he had locked it with a 30-character password, the hackers moved the coins off
At the exchange level, a highly recommended summary of the Mt Gox debacle was discussed recently:
It's always interesting to see HN'ers publicly share here the degree to which they've personally invested in cryptocurrency (non-deletable, non-editable after 1 hour, plus whatever other restrictions). I wonder if HN is willing to delete accounts and/or some or all of their posts?
Edit: to be specific (for gtirloni's sake) - the unusual artificial limits of this site add additional exposure/risk to anyone painting a target on themself here, especially new users and/or years ago when Bitcoin was worth nearly nothing.
I bought 1.5 right around $2500 because I had the money and was willing to lose it. I figured worse case scenario it's a lifetime supply of scratch off lottery tickets in one shot :)
Sold it in one transaction right around $4700, so a nice return. Never buying any more unless it drops below $2k, I think.
I've seen a guy brag about his cryptocurrency stash, and if you went through his post history he'd also talked about where he lived and his profession. If he leaked any other details (through HN or crossreferencing other sites), he might be a really vulnerable target and not even realize it.
I bet you that someone could write a program to deanonymize most people posting on the internet, and then cross correlate with claims about high roller stuff.
He kept 750 coins on an exchange? That's surely asking for trouble, granted it's shouldn't happen that he would lose anything but given the industry and their reputation then I would thought minimizing exposure on exchanges may be prudent
It's the early days-- there are already "non-custodial" exchanges-- shapeshift and changelly.... and atomic swaps are just starting to be experimented with. When lightening network exchanges and atomic swaps and side chains are all perfected in 1-5 years much of the exchange risk will be gone.
This site is unusable on mobile. As soon as the scroll effects kick in the whole browser locks up and scrolling has to be done with a four second delay; when the article is 40% advertisements on mobile, I'm only going to reload the article so many times before I just give up. I don't want to be a part of this new internet anymore, everything is going to shit.
If it is, as an anarchy-capitalist, I'm pretty happy with the ecosystem-- without government control, we have seen a lot of the worst people, including hacks and thefts, yes, and those make the systems and software stronger-- because we have a lot of good people, and a genuine meritocracy without gatekeepers keeping out everyone but the well connected.
My thoughts exactly, the space has seen considerable growth... and yes, there's some bad stuff but the market gets smarter and less vulnerable with time. It's overall a large win imo.
https://www.coindesk.com/former-dogecoin-exchange-ceo-faces-...
He's now a convicted rapist:
https://coinjournal.net/ryan-kennedy-convicted-rape-sentence...
You've also got the owner of the Dogecoin tipbot who stole a bunch of money:
https://gizmodo.com/reddit-users-lose-real-money-after-meme-...
What a fucked up industry.