Re:Binance exchange hackers steal bitcoins worth $41m
by akerl_ on Wednesday May 08, 2019 @09:37AM
(#19858666)
I’m not sure I understand the intent of this pedantry: you’re agreeing with me.
The comment I replied to compared bitcoin to cash-in-the-bank, and my point was the same as yours: while I may have handed the bank cash, my ability to get money back isn’t tied to that specific cash, or even to any amount of cash that might be stolen from the bank at all. The money is insured, and so if the bank is robbed, my ability to withdrawal my money is unchanged.
The comment I replied to compared bitcoin to cash-in-the-bank, and my point was the same as yours: while I may have handed the bank cash, my ability to get money back isn’t tied to that specific cash, or even to any amount of cash that might be stolen from the bank at all. The money is insured, and so if the bank is robbed, my ability to withdrawal my money is unchanged.