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[ale] [OT] (but computer and cryptography related) Bitcoin, Litecoin



Ron,

That is exactly why I use CampBX as my Bitcoin exchange rather than 
MtGox which has already been hacked. CampBX is based here in Atlanta and 
they have implemented many of the financial sector level policies and 
procedures to ensure their integrity. In fact with the recent 0.7-0.8 
fork they shut down trading to keep a potential major issue a forked 
block chain could cause.

On 08.04.2013 10:18, Ron Frazier (ALE) wrote:
> Hi Michael,
>
> That's an interesting article.  I have noticed a trend of these type
> of sites getting attacked.  I guess that whenever you put anything
> valuable on a public website, the vipers start attacking it.  There
> are probably many motives for attacking these type of sites, anywhere
> from blackmail to competition among players to outright stealing.
> Bitcoins are prohibitively expensive to mine at this point so my
> interest is in Litecoins.  Many of the same concepts apply.  I think 
> a
> lot of the people that are on the service provider side of this are
> pioneer types, programmers and engineers that are enthusiastic about
> just getting things to work.  They're putting services up there and
> changing them at a rapid pace.  But, they not be the best at 
> security.
> The industry is young and many sites are going through some growing
> pains.  Of course, if you're being DDOSed by a botnet of 100,000 
> pc's,
> that's hard to deal with in any case.  I'm afraid that some of the
> sites are going to have to learn that some of the rules, procedures,
> and audits that the traditional financial world has in place are a
> good thing after all.  I'm trying not to expose any coins I may have
> on a public website for any period of time.
>
> Sincerely,
>
> Ron
>
> On 4/6/2013 8:39 PM, Michael Nolan wrote:
>> 
>> http://thehackernews.com/2013/04/bitcoins-wallet-service-instawallet.html
>>
>> "The digital currency Bitcoin has suffered yet another hack. Bitcoin 
>> wallet site Instawallet has been taken offline after a security 
>> compromise, has suspended its service indefinitely."
>
>
> --
>
> (PS - If you email me and don't get a quick response, you might want 
> to
> call on the phone.  I get about 300 emails per day from alternate 
> energy
> mailing lists and such.  I don't always see new email messages very 
> quickly.)
>
> Ron Frazier
> 770-205-9422 (O)   Leave a message.
> linuxdude AT techstarship.com
>
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