Re:Binance exchange hackers steal bitcoins worth $41m
by rich-tea on Wednesday May 08, 2019 @08:29AM
(#19858161)
Name a technology that isn't susceptible to crooks or incompetence. Bitcoin isn't worse than anything else in that respect.
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Re:Binance exchange hackers steal bitcoins worth $41m
by root_axis on Wednesday May 08, 2019 @08:57AM
(#19858383)
It's pretty obviously worse in practice as massive heists like this are vanishingly rare except in blockchain token land.
Re:Binance exchange hackers steal bitcoins worth $41m
by root_axis on Wednesday May 08, 2019 @01:29PM
(#19861069)
You can equivocate all you'd like, but the reality is that having your cash stolen from the bank is a non-issue while having your bitcoin lost or stolen is pretty much an inevitability without careful OpSec. Your disingenuous link to a google search for "theft+stolen - bitcoin" reflects poorly on your argumentation skills.
Re:Binance exchange hackers steal bitcoins worth $41m
by rich-tea on Thursday May 09, 2019 @02:40AM
(#19865925)
How is it disingenuous? You said that heists were "vanishingly rare" outside of Bitcoin.
As it happens, your cash in the bank is being slowly devalued via inflation as the banks are constantly making new money in the form of loans.
Bitcoin being the way it is is a feature, not a bug. If you don't get it, that's fine, but don't make ridiculous claims like only bitcoin is susceptible to crime and incompetence.
Re:Binance exchange hackers steal bitcoins worth $41m
by root_axis on Thursday May 09, 2019 @12:09PM
(#19869503)
> How is it disingenuous? You said that heists were "vanishingly rare" outside of Bitcoin.
It's disingenuous because what I actually said was:
"MASSIVE HEIGHTS LIKE THIS are vanishingly rare except in blockchain token land."
Emphasis added to highlight your deliberate misreading of what I wrote.