60-90Million, about 1% of all Bitcoins were stolen Aug 2nd!

Bitfinex got hacked on Aug 2nd 2016. It was one of the worst days for Crypyo-currencies.

When people logged in like me the morning of Aug 2nd, Their hearts dropped! Nobody knew whether the money they had recently deposited, or made had been stolen right from their wallet, forever. It was a day of shock, anxiety, and uncertainty. One thing was for sure.... Bitfinex got robbed, and they will have a very hard time recovering, and probably a lot of people were unhappy, but they should have known the risk, and if they lost all of their money, they are obviously not smart enough to not invest all of your money into one thing. I used to wonder why when you open an account with an exchange, they said trading crypto-currency is very risky, and made you acknowledge this fact.

** I used to think it was a guaranteed smart thing to invest into. It may be smart, but not with enough risk to water down the gain. I believe that most of the risk and downfalls are from afraid business people, bank owners, and politicians that survive off of paper money, and who feel their livelihood and careers are threatened. This is not the case, they will only have to share wealth now that others are given freedom to get wealthy as-well.**

I woke up early in the morning Aug 2nd to see if I had made any progress on my margin trading on Bitfinex. It had been a rough past couple days, with multiple currencies losing fractions of their value.

** Some were expecting a bit of a drop in some Crypto currency prices, but not to the extent that they did due to what happened shortly after.**

It was not the first massive hack. There have been multiple attempts by Media, Courts, Government, and businesses trying to discredit, or manipulate the natural value of these magic coins, the threat of bitcoin is severe to the systems people rely on and want to keep in place. There is naturally conflict between generations that have totally different perspectives and goals/Ideas.

I dont want this to be a long post, since I'm sure if you were affected, you have done your research, and if you are not affected, I want you to hear this as well. and do not wish to dilute the point.

I just want to share my feelings and opinions on these recent and past issues with Crypto.

Not only did someone run off with a percentage of all of the bitcoins in existence, they successfully manipulated the market, which could have, or must have been part or most of their intentions.

**Somebody, had screwed over hundreds if not thousands of peoples hard work. It seems that many people got tricked in a few different ways, making some one person filthy rich. **

At first, I was thinking it looked to me like Bitfinex was to blame, if not behind it. The fact that they are in control, and responsible for programming and security measures. It seems not hard to believe that somebody working on, or creating this Exchange had the intention at some point to take advantage of the fact that they had been given huge amounts of very valued digital money. The fact they the decision was made to out source and hire a company (Bitgo) to hold peoples tokens, and stopped holding cold storage (taking away responsibility and focus from Bitfinex) is an interesting coincident. I also heard someone Traced the wallet that was used to deposit the stolen funds, and it was created in 2013, around the same time Bitfinex was created. I dont want to speculate too much, so I will find the source for this statement and update shortly.

Another Thing I thought about was the fact that Bitfinex has created the best rates you can get by giving them your money to hold. They do this by offering your money to traders to use in trading positions, and profit off of money they dont own. This gives people about 24% interest annually, or a fraction of a percentage per day, making it an obvious decision for anybody that has money sitting around losing value.

So it looks in ways like there are things pointing toward the internal crew and creators of this site itself. We know that people are always looking for ways to make it rich, and I personally know more than one person who has intentionally ruined their companies or possessions, to gain financially.

I no longer believe it was an inside job within the site itself, After a lot of thought, I am leaning towards it being people involved in the current money and profit system, These people are very powerful, and used to getting their way. They are learning to co-exist with other currencies, but not without a fight. We need to always question, and say no to the big corporations and Government!

Think of it this way....
The Banks and royal family have ruled, controlled, and got their way for thousands of years. They have done this through controlling the money, and convincing the population that they should give back the money they work their asses off for. It is actually a form of slavery, just more complicated, deceiving and evolved than brutal blunt physical slavery and torture. We have gotten used to being controlled and compliant, and they have gotten used to pulling the strings, and living disgustingly greedy and UN-controlled, UN-restricted lives. It is at a point where the tables are turning, they have known it is coming, and are trying desperately to resist and control something that is out of their control. This is evolution I am talking about. It is written in the Stars. It is written in our DNA and they are using every tool they have to fight our new consciousness and evolved knowingness.

Bitcoin and Crypto-Currencies were perfectly in sync with our awakening and enlightenment. It is one of the tools we created to help usher in new ways of life and abundance for regular people. Do you think these fearful, controlling dictators we call the bankers like this, NO, do you think they are going to lie down and be defeated without putting up a fight?...would you?... NO frigging way man!

I am not assuming anything, just pointing to a motive behind these consistent attacks. If it were one guy, they would not have time to spend all of this money. it seems to be about controlling the currency itself.

So am I surprised there have been constant attempts to take over huge percentages of the bitcoin supply, nope. Am I surprised that the government and news, which have needed to be bailed out and owned by these banks that have CONTROL OF ALL OF THE MONEY.

Cold storage is Very important while the market is full of so much Steem(pun intended).

Markets are still somewhat amateur and need to hire bigger teams with some hackers on board finding holes in the system, so that they can offer more secure service, people put millions of dollars into these websites, It is time to start taking Crypto more seriously and look at it as a real currency just like hard cash. Maybe more physical coin is needed on the market.
We are going to see more systems collapse, and Crypto currency able to solve a lot of the worlds problems. Obviously some people are not happy, and are maybe pissed off since their stocks value goes down while bitcoin has such a high value, maybe it was a rich businessman who paid a hacker to do his bidding. or maybe it was a bigger conspiracy.

Whatever it is, do not give up, this is the beginning, Crypto is young, and she will not be perfect for a while, but she has a lot to offer, and a hell of a lot of fun to watch.

I am not surprised, when I see massive bitcoin companies and Ideas coming together, but I am surprised how fast they are being created...

Here is my source for a lot of the facts https://www.cryptocoinsnews.com/breaking-bitcoin-exchange-bitfinex-hot-wallet-hacked/

Crypto-currency sites cant stop being hacked, no matter what they do... is the government involved?
http://qz.com/749789/bitcoin-exchanges-cant-stop-getting-hacked-no-matter-what-security-system-they-use/