Comment by happyopossum 3 months ago That’s like saying the $USD was hacked when a bank gets breached. 5 comments happyopossum Reply 8organicbits 3 months 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 3 months ago No. It's like saying that cash is risky when a bunch of cash gets stolen or lost. johnisgood 3 months ago Which it does. :D braingravy 3 months ago Are banks breached at the same rate as bitcoin brokers? I think that was op’s point. shadowgovt 3 months 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 3 months 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 3 months ago No. It's like saying that cash is risky when a bunch of cash gets stolen or lost. johnisgood 3 months ago Which it does. :D
braingravy 3 months ago Are banks breached at the same rate as bitcoin brokers? I think that was op’s point.
shadowgovt 3 months 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.
Which it does. :D
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.