[delta7]

Not looking good for the Bitcoiners and the electron boys.

[E. Pluribus Unum]

Not looking good for the Bitcoiners and the electron boys.

Yeah, because banks and stock brokerages and corporations never get hacked.

[bankwalker]

Whatever you say Nostradamus ...

[Jonty30]

Bitcoin could very well fail because of quantum computing, there is no code we could make that quantum computing can’t break within minutes.

[ChildOfThe60s]

All of this would be moot if we abolished fiat currency.

But since governments rule via fiat currency that won’t happen.

[Bikkuri]

They used to say that Bitcoin COULDN’T be hacked...

[butlerweave]

If anyone did it the Chinese did it long ago ,LOL

[VTenigma]

Un-possible, Bitcoin relies on blockchain, it can’t be hacked. (so we were told)

[for-q-clinton]

Why do you say that? it was a hack, not a breach of the bitcoin blockchain

[Vermont Lt]

Wallets have been hacked. Exchanges are hacked. The blockchain hasn’t been hacked.

If you don ‘t own your own “keys” you don’t own your bitcoin.

People write terms liked “hacked” without having the slightest idea what it means.

[EnderWiggin1970]

"Bitcoin" has not been hacked. Individual bitcoin accounts will always be vulnerable since they rely on passwords (like anything else) or private keys. One difference is that you can generate the private keys offline and keep them permanently offline. If this reported loss is real it is because someone was very sloppy with a large account that should certainly have been protected with such offline keys.

Since an offline key can be further divided into multiple parts, bitcoin can be (if you make the effort) more secure than any physical asset like gold, since physically accessing the gold will always give a thief control. By contrast physically accessing 1 of 2 or 3, etc. crypto keys won't get you anything.

[PTBAA]

Couldn’t this be an inside job, with the perps attempting to cover their tracks?

[Uncle Miltie]

Let me know when you can pay your taxes with bitcoin….