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BIPS attacked, $1M Stolen -- mcxNOW to become mcxLATER -- Dread Pirate Satoshi?

MB · 2013-11-26 ·00:04:01 ·MadBitcoins
Sponsored by http://Bittylicious.com Support MadBitcoins! at http://MadBitcoins.com November 26, 2013 -- Brasília, Brazil -- For Those Who Think Young - The Joy of MadBitcoins. Here are Today's MadBits: It's Pledge Week again here at MadBitcoins, so if you are a bitcoin corporation, or you know s...

Summary

This episode, broadcast on November 26, 2013, covers major security breaches and industry shifts in the early days of Bitcoin, while also providing a general market update.

1) Main Topics Discussed
* Industry Support: A plea for viewers to donate and advertise to support independent Bitcoin journalism (Mad Bitcoins).
* Market Analysis: Observation of altcoin "mania" alongside the main Bitcoin climb.
* Security Breach: Reporting on the hack of the Bitcoin payment processor, BIPs, resulting in the theft of over $1 million.
* Exchange Closure: Warning that the MCX Now exchange was shutting down for repairs, advising users to withdraw funds by December 20th.
* Historical Mystery: Discussion regarding a potential link between Satoshi Nakamoto and Ross Ulbrich (Dread Pirate Roberts), involving a large transfer of Bitcoin.

2) Key Quotes
* "Bitcoin payment processor BIPs attacked, over $1 million stolen."
* "MCX now is shutting down for a few months to fix the problems."
* "Bitcoin prices are approaching lunar orbit..."

3) People Mentioned
* Satoshi Nakamoto
* Dread Pirate Roberts (Ross Ulbrich)

4) Bitcoin Price if Mentioned
* CoinDesk BPI: Last of 824, high of 831, and low of 775.
* Lightcoin: $11.22.

#madbitcoins#bitcoin#comedy#funny

People mentioned

Satoshi NakamotoDread Pirate Roberts