News for hackers. Stuff that matters.
Re:News is bad for you by mynewwork on Thursday December 12, 2013 @01:23PM (#6896076)
When a hacker gets your credit card info, you're liable for $50 and have the hassle of a few days without your card until you get new one.

When a hacker gets your bitcoin wallet, they can empty out your entire account.

Re:News is bad for you by base698 on Thursday December 12, 2013 @02:08PM (#6896352)
That's why you have multiple wallets, which you can create with a click of a button. It's effortless to create as many wallets as required for you to feel safe.
Re:News is bad for you by pfisch on Thursday December 12, 2013 @06:58PM (#6898174)
It is just sooo much easier to get credit card information though. You literally give all of it to everyone any time you use it.

I don't really know why credit cards don't have a public/private key situation but they don't, so people are just stealing them constantly or applying for them with a bunch of stolen personal information and then running up your credit in ways that are pretty difficult to detect.

A lot of the fraud that is occurring today is because the systems we are using to transmit wealth digitally are inherently very insecure.

Re:News is bad for you by Karunamon on Thursday December 12, 2013 @08:24PM (#6898512)
When the government wishes to make your life miserable and you have a credit card, they can call your credit card company and get your account frozen for reasons.

When the government wishes to make your life miserable and you have a bitcoin wallet, they have to do a lot more work if they want those funds.

Re:News is bad for you by ceol on Thursday December 12, 2013 @10:21PM (#6898891)
Because the government making your life miserable by freezing your account is just as common as someone stealing your credit card, right?
Re:News is bad for you by Karunamon on Friday December 13, 2013 @10:14AM (#6900865)
I bet people losing their bitcoin wallets to an intruder (or indeed any file on their computer) happens less often than credit card theft.
Re:News is bad for you by snth on Friday December 13, 2013 @11:25AM (#6901327)
Well, credit cards are a lot more widely used than bitcoin. So base rate fallacy.