re: Bitcoin improvement thread

quote:

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I guess it all comes back to trust anyway despite the fact that the network was designed so that trust wouldn't be necessary.

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You got it.

One write up on bitcoin I saw a couple of days ago specifically said BC was founded based on mistrust....mistrust of governments, central banks, laws, etc.

Yet mistrusting bitcoin itself is becoming more evident every time one of the BC exchanges gets hacked and people lose money.

I guess you saw that "Instawallet" which is a BC "bank" for lack of a better term, was hacked yesterday and the thief made off with an estimated $4.3 million of its customers money. Instawallet has frozen all of its customers accounts for 90 days while it sorts through whose bitcoins got stolen and how, or if, it can replace their money.

Here is a link to the story: LINK

What makes the Instawallet situation really suspicious is a new owner took it over recently and not long after that, this post appeared on a bitcoin forum: "instawallets new owner stole over $40,000 from me be careful people"

I have no idea if the two incidents are related or not.