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Re: Bitcoin is Galt's Gulch
Posted: Fri Aug 27, 2021 9:50 am
by bitcoininthevp
seajay wrote: ↑Thu Aug 26, 2021 4:58 pm
present day $600M type thefts/hacks out of the bit coin algorithm would simply scale
This is completely false.
Bitcoin (or what you seem to think of as "bit coin") has not been hacked for loss of funds. Individuals holding bitcoins in insecure ways have lost their coins.
If I leave my gold coins on the front patio and they are taken, does that say more about gold or my security practices.
Re: Bitcoin is Galt's Gulch
Posted: Fri Aug 27, 2021 2:44 pm
by seajay
bitcoininthevp wrote: ↑Fri Aug 27, 2021 9:50 am
seajay wrote: ↑Thu Aug 26, 2021 4:58 pm
present day $600M type thefts/hacks out of the bit coin algorithm would simply scale
This is completely false.
Bitcoin (or what you seem to think of as "bit coin") has not been hacked for loss of funds. Individuals holding bitcoins in insecure ways have lost their coins.
If I leave my gold coins on the front patio and they are taken, does that say more about gold or my security practices.
https://www.independent.co.uk/life-styl ... 01986.html
https://nypost.com/2021/06/24/brothers- ... ged-heist/
https://decrypt.co/49954/bitcoin-theft- ... 021-report
Re: Bitcoin is Galt's Gulch
Posted: Mon Aug 30, 2021 12:22 pm
by bitcoininthevp
Sigh.
This is about Poly Network, not "bit coin".
This is people giving their bitcoins to someone who then stole them.
This is an article saying that because Bitcoins price is increasing its more likely to be stolen.
None of these are even close to someone "hacking bit coin algorithm", seajay.
If I leave my gold coins on the front patio and they are taken, does that say more about gold or my security practices.