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Comment by monero-xmr

13 hours ago

Ah yes, I remember all the times they hacked bitcoin

There's a great index of hacks here https://www.web3isgoinggreat.com/?theme=hack

It's breathtaking how frequent these are.

  • That’s like saying the $USD was hacked when a bank gets breached.

    • That's a silly assumption to make. I'm clearly talking about the poor security offered by cryptocurrency, in practice, as evidenced by the frequent hacks impacting cryptocurrency companies.

    • No. It's like saying that cash is risky when a bunch of cash gets stolen or lost.

    • When a bank gets breached, there are mechanisms to make the victims whole, up to and including "Just print money; it's a fiat currency."

      No such mechanisms in Bitcoin, so hacks have longer-term impact.