← Back to context Comment by happyopossum 15 hours ago That’s like saying the $USD was hacked when a bank gets breached. 5 comments happyopossum Reply 8organicbits 14 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 14 hours ago Are banks breached at the same rate as bitcoin brokers? I think that was op’s point. CPLX 13 hours ago No. It's like saying that cash is risky when a bunch of cash gets stolen or lost. johnisgood 29 minutes ago Which it does. :D shadowgovt 9 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 14 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 14 hours ago Are banks breached at the same rate as bitcoin brokers? I think that was op’s point.
CPLX 13 hours ago No. It's like saying that cash is risky when a bunch of cash gets stolen or lost. johnisgood 29 minutes ago Which it does. :D
shadowgovt 9 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.
Are banks breached at the same rate as bitcoin brokers? I think that was op’s point.
No. It's like saying that cash is risky when a bunch of cash gets stolen or lost.
Which it does. :D
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.