A security breach at a purveyor of virtual currency Bitcoins (BTC) has resulted in the loss of very real dollars totaling around $250,000. Bitfloor, a major banking and exchange service for Bitcoins, may be facing shutdown after nearly their entire inventory was stolen.
Bitcoins are an experimental currency used mainly for online transactions. The total number of BTC is limited and new ones can only be "mined" very slowly. The value of a Bitcoin has fluctuated wildly in the three years since the currency was established, from as little as a few pennies to over $30. At today's valuation (around $10 each), the estimated 24,000 BTC stolen from Bitfloor equate to about $250,000.
The founder of Bitfloor, Roman Shtylman, announced the security breach on BitcoinTalk, a forum dedicated to discussion of the currency:
Last night, a few of our servers were compromised. As a result, the attacker gained accesses to an unencrypted backup of the wallet keys (the actual keys live in an encrypted area). Using these keys they were able to transfer the coins. This attack took the vast majority of the coins BitFloor was holding on hand. As a result, I have paused all exchange operations.
You used to have a good job paying 22.50 an hour ($900/week),but you went out and got two $9/hour jobs.
The two $9/hour jobs are still not $22.50, Mitwit. it's $4.50 LESS/hour.
One $9/hour job (assuming an 8 hour day, 5 days a week) pays $360 per week
And how many hours a day can you work a day? 16?
What would both $9 jobs pay you in an 80 hour week? $720
and you'd be $180 short of what you used to make .... about $774 per month short. (using a month as 4.3 weeks)
And you're working 80 hours a week. Nice life, there. ( )
Yeah, that's how the repubes run a country.
Keep the workers under control with 80 hour work weeks and paying them less than half what they used to make.
$774/ month is a huge loss for the average working guy! And then you want to repeal Obamacare too? Nice final touch.
This is not a world I want to see.
Mitwit earns about $384,615/month. He praises the thought that the working guy should go get the two $9/hour jobs.