Alleged Coinomi exploit shows how easy it is to have Bitcoin stolen

Re:Alleged Coinomi exploit shows how easy it is to have Bitc... by yingw787 on Wednesday February 27, 2019 @11:14AM (#19264110)

Of course you can stiff the legal system. But you can only stiff it so far. I Googled "Ethereum steal" and the top three results have figures in the millions, through something as straightforward as a 51% attack. No court system can simultaneously claim to be fair and just and legitimate, and let slide a $1.1M USD theft. And in such situations, other people usually have a bone to pick with said thief too, bolstering resources on your side.

If a cryptocurrency scales and somebody pulls off a Madoff-level theft (>$64B USD), could you guarantee some amount of clawbacks by technology alone? I wouldn't bet on it.

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Re:Alleged Coinomi exploit shows how easy it is to have Bitc... by AgentME on Wednesday February 27, 2019 @02:52PM (#19266378)

>through something as straightforward as a 51% attack

... which has never been done before on Ethereum (or Bitcoin). Are you talking about Ethereum Classic? It's something entirely different and amateur. Using it as a criticism of Ethereum is like complaining banks are untrustworthy because a kid at school called himself a bank and didn't give the money back you lent him.

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