Re:Czech bitcoin exchange Bitcash.cz hacked, up to 4,000 use...
by miguelrochefort on Wednesday November 13, 2013 @02:12AM
(#6723835)
That's not how it works.
Stealing 100 BTC today is not different from stealing 100 BTC tomorrow.
Their "value" only gets confirmed at the time of the exchange/transaction. Nothing stopped them from stealing that money 2 months ago, and hold it until it reached a high value.
That said, the motivation indeed rises when the value of Bitcoin rises (100 BTC worth $0.01 each is not worth the hack).
Stealing 100 BTC today is not different from stealing 100 BTC tomorrow.
Their "value" only gets confirmed at the time of the exchange/transaction. Nothing stopped them from stealing that money 2 months ago, and hold it until it reached a high value.
That said, the motivation indeed rises when the value of Bitcoin rises (100 BTC worth $0.01 each is not worth the hack).