Hello!

I first wanted to take this post in the Ozcoin thread, but maybe its best to give it an own thread. Not that I have a choice since I am newly registered



So I have been following the latest weeks post in Ozcoin thread, where owner Graet got hacked and lost 923 BitCoins. It was posted to me by a friend that wanted to point out to me how there is much unsafty with bitcoins.
I told him that the problem was not with BitCoins as a system, but Graets lack in security and drew a parallel to people getting their cards skimmed or computers infected with a virus.
Since then People have "chased" the money, and debated about a system to catch stolen money.



Graets money seems to have ended up in a Strongcoin online Wallet according to this post https://bt.irlbtc.com/view/14085.msg1910151#msg1910151 .

As I understand it owner of Strongcoin dogisland then stole this money from the alligated thief and returned it to Graet.

To be honest, I think this is a bigger issue then Graets first loss of money.

I am sorry for your loss Graet but as you said it was your own fault, leaving your system open to such a exploit.
But here dogisland, a "Bank" of bitcoins, took the matter in his own hand as #1 world police and hijacked one of his customers money and gave them to his friend (?) Graet.

What if dogisland one day decides to hijack all his customers money?


First I quote strongcoin.com's firstpage:

Only you. OR, well, dogisland also. And who know who else...?

I hope I have missed something essential here, does anyone care to explain..?


Edit: As a newbie I am not allowed to send messages. I hope someone that can would send them a PM asking them to answer here.
Edit2: Nametypo.

Best of wishes,
Lotus