Comment by happyopossum 13 hours ago That’s like saying the $USD was hacked when a bank gets breached. 4 comments happyopossum Reply 8organicbits 12 hours ago 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. CPLX 11 hours ago No. It's like saying that cash is risky when a bunch of cash gets stolen or lost. braingravy 12 hours ago Are banks breached at the same rate as bitcoin brokers? I think that was op’s point. shadowgovt 6 hours ago 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.
8organicbits 12 hours ago 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.
braingravy 12 hours ago Are banks breached at the same rate as bitcoin brokers? I think that was op’s point.
shadowgovt 6 hours ago 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.
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.
Are banks breached at the same rate as bitcoin brokers? I think that was op’s point.
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.