Bitcoin Burglary: Hackers 'Rob Online Bank' | Science

TradeFortress won't be reporting the theft to police.

I found an interesting quote in this guardian article.
TradeFortress, who is Australian, told the Canberra Times that he won't be reporting the incident to the police because of the "extremely limited actions" they could take, given the difficulty of tracing the currency.
While normally I would agree with him, I think that due to the high value nature of the crime, the AFP would likely investigate along with the FBI. We could see international cooperation in a case as big as this.
While the chance of tracking down the hackers is low, it's possible that the hackers slipped up somewhere along the way. Either way it doesn't hurt to file a police report, and given the amount stolen I think it's the least he could do for his users.
submitted by rankiwi to Bitcoin [link] [comments]

I've decided to invest in either LTC, PPC, XPM or Ripple. Which one has the most potential?

Hello, I have a gut feeling that by 2015 at least of one these will follow suit and become semi-mainstream like Bitcoin recently did.
The most confusing part is separating the fanboy bullshit from the true core ideals of the developers behind each one.
For example, one of the top pages you stumble upon when googling Ripple is the site, which was created by TradeFortress who apparently is an 18 year old who chooses to stay anonymous and operates which was supposedly "hacked".
My thoughts on the coins:
Litecoin - Pretty cool, don't know if having faster microtransactions and Scrypt is enough to garner merchant attention for now.
Peercoin - Seems good for long term, apparently cannot be used that well for microtransactions once it appreciates in value.
Primecoin - Don't know much about this coin, honestly. Just heard it has lots of perks but have yet to see any support for it.
Ripple - I think it has good long term potential simply because it appeals to the government and they are more likely to let something like it go mainstream as opposed to letting anarchy prevail and accepting bitcoin, a coin that is currently used in all illegal marketplaces. In fact, after reading the forums and watching some videos these guys seem as close as Circle is to revolutionizing cryptocurrency.
Any input appreciated, thanks.
submitted by BluntKisser to CryptoCurrency [link] [comments]

Bitcoins Value Proposition by Tone Vays Why Does Bitcoin Have Value? - D-Central HOW TO VALUE BITCOIN Bitcoin Price Predicted to 2021 BITCOIN PRICE PLUMMETS IN MINUTES!  WHAT IS NEXT FOR BTC?

Bitcoin price historically dropped to ~ $14,000, but later that day it reaches $16,250 15 December 2017 $17,900 Bitcoin price reached $17,900 22 December 2017 $13,800 Bitcoin price loses one third of its value in 24 hours, dropping below $14,000. 5 February 2018 $6,200 Bitcoin's price drops 50 percent in 16 days, falling below $7,000. Why Short Contract Holders are Losing out. Holders of short contracts of Bitcoin and other major cryptocurrencies like Ethereum and Ripple have lost out massively over the past week, especially as XRP, the native cryptocurrency of Ripple, recorded a three-fold increase in value and ETH, the base currency of the Ethereum network, demonstrated decent gains throughout the same period. A bitcoin user who calls himself TradeFortress says more than 4,100 bitcoins worth about $1.1 million have been robbed from his website. The stolen bitcoins are owned by the users of his website Beyond those two high-profile situations, 2013 saw a number of huge Bitcoin heists from exchanges, including the thefts at the Sheep Marketplace (96,000 bitcoins), GBL and Tradefortress. With the cash value of Bitcoin skyrocketing, these may turn out to be among the most financially costly thefts of the year, Brandt pointed out. Their value is determined by the number of users and investors. Using a program like the Bitcoin Fortress system, you can buy and sell currencies. The idea is that you can buy them when they are low in value, then sell them off when they rise in value. You collect the difference as pure profit. How Does Bitcoin Fortress Work?

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Bitcoins Value Proposition by Tone Vays

Bitcoin price drops 15% in a matter of minutes. What does this mean for bitcoin bulls? Is btc even bullish anymore? Here is what you can look out for on the bitcoin charts. Today I take a walk through my price predictions for Bitcoin – not just through 2018, but extending all the way through to 2021. I also give my predictions on the cryptocurrency space as a whole. Bitcoin The Price Is RIGHT! June 2020 Price Prediction & News Analysis - Duration: 38:19. Krown's Crypto Cave 8,287 views. 38:19. Bitcoin WHEN REFUND SIR?! If you had invested $200 in Bitcoin in 2009 what would it be worth compared to investing $200 in Amazon, Facebook or Google. If you wanted to buy an Alabama peach with your Bitcoin how would you ... Bitcoin Price History in Dollars From 2012 to 2017 (Monthly) - Duration: 2:01. Paddingtonyt 1,883 views. 2:01. 100 Year History Of Silver Prices Proves Its Worth! - Duration: 13:23.

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