4 ms·

So we're likely talking some 50-100 million of dollars being stolen? Insane.

deleted 6y ago
[deleted]
admn2 6y ago
It's only at 12 bitcoin ($120k) right now. (serious question) why do you think it could be as high as $50 to $100 mm? Is there a way to see the total including unconfirmed transactions?
- schoen 6y ago
  I think longtom read this as 9k-50k BTC rather than as 9k-50k transactions.
SV_BubbleTime 6y ago
Hang on... is it “stolen”? If you trick some people into giving their money to you, it’s unethical, but you didn’t force them to hand you their money against their will. I would say “taken” is fair; but “stolen” isn’t exactly right. Plus there is no way it will be that much.
- manquer 6y ago
  Well in a way it is, the point of the verification check box is authenticity that twitter is supposed to guarantee, this breaks that trust
  - deleted 6y ago
    [deleted]
- chmod775 6y ago
  If I dress myself like a valet and you hand me your car keys in front of a hotel, am I stealing the car when I drive off? Well in this case people intended their money to go one place, but they got tricked and it ended up in another. I'd call that stealing. Whether it got technically stolen from the charity or whatever they meant it to go to or from the original owner, that's debatable.
- ncallaway 6y ago
  Yep, theft by fraud is still theft.
- tialaramex 6y ago
  For example, historically the UK had "Theft By Deception" a type of theft in which the requirement is that you deceive people, intentionally, in order to permanently deprive them of something of value rather than just taking it. This was replaced by modern Fraud crimes this century. The new crimes reduce what prosecutors need to show somewhat. With "Theft by deception" there can be a problem if the prosecutor struggles to show that the defendant actually permanently deprived the victim of something of value, especially if the victim realised there was a problem in time to use some sort of "claw back" mechanism. With Fraud the prosecutor can show that the defendant intended to gain even if ultimately that didn't work, so long as the deception actually happened the crime was not merely attempted. All these Tweets are Fraud by False Representation under that replacement law, because the tweet deliberately pretends to be from somebody (e.g. Apple or Bill Gates) when it's actually from the perpetrator of the crime and it's clear that they intended to gain from getting Bitcoin sent to this account even if a prosecutor can't prove how much they actually made.
- anonytrary 6y ago
  If I ask you to give me a loan and I say I'll pay it back with 100% interest in a few days, and then I run away with your loan and never pay it back, then yes, it's stealing. That's all that's happening here, except in units of BTC and not USD...
- maest 6y ago
  The username is pleasingly appropriate for the comment.
bouncycastle 6y ago
I'm not saying that these are all from the hack, I'm saying that the activity on the Bitcoin blockchain has significantly spiked, and it looks like a very large number of transactions have yet to be confirmed. So any amount so far is just the beginning - more is sitting in the mempool ready to be confirmed.
dopamean 6y ago
No. No one is saying that.

deleted 6y ago

[deleted]

It's only at 12 bitcoin ($120k) right now. (serious question) why do you think it could be as high as $50 to $100 mm? Is there a way to see the total including unconfirmed transactions?

schoen 6y ago
I think longtom read this as 9k-50k BTC rather than as 9k-50k transactions.

SV_BubbleTime 6y ago

Hang on... is it “stolen”? If you trick some people into giving their money to you, it’s unethical, but you didn’t force them to hand you their money against their will. I would say “taken” is fair; but “stolen” isn’t exactly right. Plus there is no way it will be that much.

manquer 6y ago
Well in a way it is, the point of the verification check box is authenticity that twitter is supposed to guarantee, this breaks that trust
- deleted 6y ago
  [deleted]
chmod775 6y ago
If I dress myself like a valet and you hand me your car keys in front of a hotel, am I stealing the car when I drive off? Well in this case people intended their money to go one place, but they got tricked and it ended up in another. I'd call that stealing. Whether it got technically stolen from the charity or whatever they meant it to go to or from the original owner, that's debatable.
ncallaway 6y ago
Yep, theft by fraud is still theft.
tialaramex 6y ago
For example, historically the UK had "Theft By Deception" a type of theft in which the requirement is that you deceive people, intentionally, in order to permanently deprive them of something of value rather than just taking it. This was replaced by modern Fraud crimes this century. The new crimes reduce what prosecutors need to show somewhat. With "Theft by deception" there can be a problem if the prosecutor struggles to show that the defendant actually permanently deprived the victim of something of value, especially if the victim realised there was a problem in time to use some sort of "claw back" mechanism. With Fraud the prosecutor can show that the defendant intended to gain even if ultimately that didn't work, so long as the deception actually happened the crime was not merely attempted. All these Tweets are Fraud by False Representation under that replacement law, because the tweet deliberately pretends to be from somebody (e.g. Apple or Bill Gates) when it's actually from the perpetrator of the crime and it's clear that they intended to gain from getting Bitcoin sent to this account even if a prosecutor can't prove how much they actually made.
anonytrary 6y ago
If I ask you to give me a loan and I say I'll pay it back with 100% interest in a few days, and then I run away with your loan and never pay it back, then yes, it's stealing. That's all that's happening here, except in units of BTC and not USD...
maest 6y ago
The username is pleasingly appropriate for the comment.

bouncycastle 6y ago

I'm not saying that these are all from the hack, I'm saying that the activity on the Bitcoin blockchain has significantly spiked, and it looks like a very large number of transactions have yet to be confirmed. So any amount so far is just the beginning - more is sitting in the mempool ready to be confirmed.

dopamean 6y ago

No. No one is saying that.