re: Why bitcoin is worse than a Madoff-style Ponzi scheme

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And I’d add if SHA256 did have a vulnerability that could be exploited to defraud the network, you might want to check that your bank account is still secure because the SHA2 class of hash functions form the basis of much of how we ensure secure connections on the internet today. This post was edited on 12/24 at 11:09 am

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The security of my bank’s internal communications are not my concern. Federal banking regulations, insurance, and the reputation of the institution provide protection of my assets.