11 Jan '13, 3pm

Bitcoin exchange hacked via Rails exploit, funds stolen

That is an absolutely terrible lesson to draw from this episode.First and most importantly, Airbnb and Uber are not disrupting industries burdened primarily by consumer safety regulations; they are disrupting industries burdened primarily by barriers to entrance that are designed to direct economic rents to politically favored actors. Huge difference. There is no plausible 'consumer protection' story for preventing licensed livery cab drivers from picking up curb hails, whether on the iphone or otherwise. The law is there to protect the incomes of people who buy cab licences. There is no plausible 'consumer protection' story that would explain why building codes for permanent residence are not good enough for temporary residence as well. The law is there to protect hotel operators from vacation rental competition. So let's not compare Bitcoin with Uber and Airbnb, because ...

Full article: http://news.ycombinator.com/item?id=5043122

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Bitcoin exchange hacked via Rails exploit, fund...

reddit.com 11 Jan '13, 6pm

Bitcoin exchanges are such good targets that using Rails is just flatly unacceptable. There are what, 3-4 server side Rail...

Bitcoin exchange hacked via Rails exploit, fund...

bitcointalk.org 11 Jan '13, 3pm

Quote from: Kumala on Today at 01:58:50 PM Further update: The system was not breached, no passwords were compromised (the...

Bitcoins stolen with Ruby on Rails exploit

bitcointalk.org 13 Jan '13, 1pm

General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations...

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deal.com.sg 17 Jan '13, 11am

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