3 votes

I had $10K stolen from me in Bitcoin!

I had 10k stolen from me in Bitcoin, I shared my status on FB and someone blamed Bitcoin.

I thought you would enjoy my response:

I just want to say I have had about 10k in Bitcoin stolen from me and the feeling is horrible. It taught me a valuable lesson though, Bitcoin is money and If you wouldn't leave your wallet in a room with thieves neither should you do it with Bitcoin. That event also helped me understand just how real and tangible Bitcoin is, Either you got them or you don't..There is no copy and paste like you do with an mp3.

This is a digital commodity, which has the characteristics of Gold, with the transportability from that of a teleportation device. It opens up the entire globe to Finance, Commerce, and Trade. There are over 6 billion people in this world that do not have access to resources because they have been ostracized and cut out by the centrally controlled FIAT money Banking Cartel. Bitcoin don't care... it's the honey badger of money, It welcomes everyone.

Just as the internet opened up channels for us to communicate with the rest of the world Bitcoins allows anyone and everyone to transact with one another. No longer are we subject to the Will and thievery of the central Banking Gangsters who like parasites suck the life from humanity with their monopoly of Money.

More than money, Bitcoin is a protocol, one in which New innovative human evolving businesses can be built upon which will displace these boheimeth creatures of the past. Bitcoin really has so much to offer that not even the greatest Sci-Fi writers could have thought of it. From Smart property, Autonomous agents, Contracts, Endowments, and escrows, Bitcoins does it all.

My intention is not to go onto an Evangelical rant about Bitcoin but to stress to you the Value of such a Technology. Liberating, Earth shattering, Paradigm shifting Value. So I ask, If this is the value that Bitcoin has would you deposit your money with Shady Joe Schmo's Exchange and Trade shop?

Bitcoins teaches us how to Value Real things. For the first time in our lifetimes we are dealing with a Currency that encourages us to be conscious of our Consumption.

Since Bitcoin depends on a Network it also teaches us how to cooperate with one another for our own mutual benefit. It is the ultimate Libertarian currency with socialism and conservatism intertwined into it. It may be some spiritual life intervening force that brought us Bitcoin but most likely, such as young seedling growing through a crack in the concrete, Bitcoin may be just humanities attempt to THRIVE.

Happy Bitcoin everyone PM me if you got any questions.. :)

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A question

I thought they were coded so you could track them down if stolen and they could not be used by someone else is that right?
Or is there no way to recover them?

I lost 40% of every dollar I made to the Federal Reserve!!!

Save Gold / Silver
Spend Bitcoin
Burn Federal Reserve Notes

The Red Coats are coming!

You just got robbed and

You just got robbed and you're happy.

I don't get it.

Somebody once stole my credit card information and went on a spending spree. Discover Card called me, cancelled my card, and refunded my account.

That's good business.

If you had your electronic money stolen from you, you should easily be able to get it back with the proper business infrastructure.

Bitcoin does not have a 1-800 number.

Never be afraid to ask simple questions.

Meh, If you want to steal my

Meh, If you want to steal my wealth stores you're going to have to withstand a barrage of gunfire then get through 2" of steel. Your bitcoins can be stolen by a pimply faced 12 year old still in his underwear swigging down 20 Red Bulls a day. Bitcoin isn't a viable mainstream currency because of the technical bottleneck that makes it a mystery to 99.9% of the population.

"In reality, the Constitution itself is incapable of achieving what we would like in limiting government power, no matter how well written."

~ Ron Paul, End the Fed


Common sense post right here, but I'm not even sure if it's appropriate to call it a technical bottleneck....more like technical BS....about as bad as the FED hearings or the whole keynsian philosophy where they just spout off fancy words and hide behind a veil of complexity and make you feel like you can't understand....eventhough they do have an 'explanation' (it just doesn't make sense though).

With regards to the genuinly curios about how they were stolen..

Unfortunately the hackers are not kind enough to leave a note as to how they did it.

Its not like coming home to your burgled house and seeing a broken window.

I have no idea how my hacker stole my coins.
It could have been an non-encruypted iOS wallet app.
It could have been spy software on my computer
It could have been a predictable password I choose.
It could have been a tech savy genuis from Ukraine, or
An NSA agent with back door access to my Mac that we will learn about in 10 years after the leak is released.

All you can do tighten the security for next time.

Protect your assets and profit from the greatest wealth transfer in history.

I Am sick of the ignorant trolls in bitcoin threads....

Show yourself or shut up.

Live Bitcoin Debate Challange.

Protect your assets and profit from the greatest wealth transfer in history.

But I don't get it....

How did they stole them from you?. That is what I want to know so that we can learn from your mistake...

A good way to defend your freedoms: www.libertymagazine.org

Great Question

I should have included that in there.

I downloaded Malware from what I thought was a reputable site.
They were able to steal my PW's I had saved on my computer.
With access to email and Exchange PW they were able to withdraw my coins.

Moral of the story, Don't store your PW's on your computer and use 2 factor authentication.

it's not gold

I purshased Bitcoins at a rate of around 25 dollars a piece, forgot about them and sold them around 300 dollars.

I could have made more money BUT I never forgot that buying them was just a joke for me.

A joke, because the entire Bitcoin system is a joke. IT IS A BUBBLE!!! It is based on nothing, and it is being propped up by short-selling investors and people whos enthousiasm is fueled by extensive global media coverage (which is filled with ignorance and lies). The rate could drop to 1 dollar tomorrow, and this fact isn't even unthinkable.

End ALL central banks, end the Euro and the European Union

oh boy

here we go again.

His name is Edward Snowden

What is Capitalism?

One glaring question that

One glaring question that pops to mind, HOW did they steal your bitcoins, so maybe others can avoid the same mistake

It's only an advertisement...


Interesting Advertisement Title...


my vendors

don't accept bitcoin.
How would I successfully accept bitcoin as payment from customers when my vendors/creditors/other bills don't accept them?

This is a sincere question.

Sincere Answer

It's only a matter of time before they do.

Check out bitinstant.com, it lets vendors and merchants accept Bitcoin and instantly turn it into FIAT avoiding any exchange change risk. Add that you can avoid Credit Card fees and for a business it becomes a no brainer money saver. The first Businesses that adopt it will have a competitive advantage. Eventually others will follow if they want to stay a float.

Only a matter of time but plenty of Merchants are accepting it already.

I think it's very interesting

that after clicking the title of your post you went on to defend Bitcoin. What I mean by that is that even after it was stolen from you, you still believe in it, in part because it made you feel the same as if you'd had actual physical currency stolen from you.

Among many others, I read and follow what Tom Woods has to say, and he seems very impressed by the concept. Not to mention a multitude of Austrian economists who've weighed-in in a non-negative way regarding Bitcoin. I don't own any, but this post, to me, conveys Bitcoin in a very positive light.

Anyway, sorry for your loss, but thanks for the post. At the very least, it'll get more of us to think.

the more people bitcoin

the more people bitcoin investors convince to buy into their ponzi scheme, the more money they'll make when they sell their coins.

Good investment

no matter what the price is right now since its capped at a total number of total bit coins, and to generate the new money supply requires just a a retarded amount of processing power which increases every time a new block of 25 bit coins enters the economy. for instance u can have your home comp with no special hardware minning and in about 6 months you might have yourself 0.1 bit coins, maybe. unless people as a whole somehow gain trust in fiat currency and loose trust in bitcoin they will continue to gain value quicker than gold. but gold is probably safer unless the gov confiscates it. again.


FYI lastpass is not open source....

Do they have backdoor NSA hacks that we would never know?

http://keepass.info/ this is open source at least.

But go offline with armory....

I had $180k stolen. And I didnt have lots of 180k's as back up, so I got right into the security. :)

My thief is a double millionaire today.

Protect your assets and profit from the greatest wealth transfer in history.


One day these stories will be like Old Western Stories.

Every price rise is bitter sweet. :)

Happy for the money I made, sad for what could have been. :)

But I dont even consider it as the price going up anymore.

I still have the same number of bitcoins today as last month. My wealth did not change.

People holding fiat got poorer.

Protect your assets and profit from the greatest wealth transfer in history.

Are you the gentlemen Trace Mayer spoke about recently?

I heard him in an Interview and he mentioned a friend of his had 180k stolen.

I immediately came back to this post remembering I had heard this before, just wondering.


I think of it in a similar manner. I look at my Bitcoin and think $400 is a steal.

Anyway, There a 10's of thousands of people in our boat. We're still in the beginning stages.

Midas is twice as much. Literally.

Here's a great place to buy silver and gold. Much cheaper than Midas. If anyone knows an even cheaper place, let me know. ;)


When did common sense become a super power? –Patrick F. Holman

That sucks!

Bitcoin is nothing but a ponzi scheme, not unlike "Phone cards" were in the nineties. A good ponzi scheme, but nevertheless a ponzi scheme. It sucks that you had your bitcoins stolen. But, i bought silver at $8 an ounce, and that seemed a better deal. How much are bitcoins worth now?

When did common sense become a super power? –Patrick F. Holman

I sold all my Silver and bought Bitcoins

Despite what that Dipshit Chris Duane was saying.

Since then Silver has fallen -33% and Bitcoin has risen +4000%

I'd say I made the right move.

Bitcoin is the furthest thing from a Ponzi, Like Gold and Silver... It's real Money.

Chris Duane is OK except for Bitcoin

With his fear mongering and misinformation about bitcoin he has shown himself to be of not high moral character, but I like and agree with most of what he puts out.

Protect your assets and profit from the greatest wealth transfer in history.

Are they worth $455.74 today? wow...

In 2001 they were $2. That's quite an investment. "The total number of Bitcoins is capped at 21 million and because the creation of each successive Bitcoin requires a larger amount of payment processing work than the last." So those investing first are the big winners. Us that buy at $455.74 would be moronic, since there is that cap to consider. Right?

When did common sense become a super power? –Patrick F. Holman