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re: Here's why Bitcoin is the future of money
Posted on 5/1/13 at 9:25 am to Poodlebrain
Posted on 5/1/13 at 9:25 am to Poodlebrain
quote:
Secure? Really? I'm not going to rehash all of the security lapses and issues I've already pointed out.
Please link me to the "security lapses and issues" involving bitcoin.
I swear to a deity, if you link to an example of an exchange being hacked or to an individual getting their wallet hacked or something else like that, I'm going to flip my lid because it will become clear that y'all truly have no desire to understand the technology and discuss it honestly.
3
Posted on 5/1/13 at 9:32 am to WikiTiger
quote:
I'm going to flip my lid
Posted on 5/1/13 at 9:43 am to WikiTiger
quote:
I swear to a deity, if you link to an example of an exchange being hacked or to an individual getting their wallet hacked or something else like that, I'm going to flip my lid because it will become clear that y'all truly have no desire to understand the technology and discuss it honestly.
And what you seem to misunderstand is that nobody GAF about the technology per se, they care about the usefulness of the medium. Failures of exchanges or individual hacks are failures of bitcoin, and your repeated refusal to admit that fact makes you by far the most dishonest person in the bitcoin debate, precisely because you are so invested (figuratively, but also I suspect literally) in it.
It's like if I had a computer with the best specs in the world, but the only OS it ran crashed every 30 seconds. I would say that computer sucked. You would "flip your lid" and go on about my failure to honestly admit what a great piece of technology it was. Just look at the specs!
Posted on 5/1/13 at 9:57 am to WikiTiger
LINK provides a start on security lapses and issues.
And for you to suggest that wallets being hacked is not a problem with Bitcoins is disingenuous. The entire system must be considered, and that includes how Bitcoins are stored at the user level. Even users who try and protect their anonymity with Tor exist at an exit node where information is transmitted unencrypted. What is to prevent governments from establishing exit nodes for purposes of monitoring such transmissions?
If I intended to be a Bitcoin thief I would attack a successful merchant who accepts Bitcoins. They have to estasblish routine procedures for processing multiple transactions. Thus they will likely be concentrating many Bitcoins into a single wallet. And lifting a single purse is easier than lifting several.
And for you to suggest that wallets being hacked is not a problem with Bitcoins is disingenuous. The entire system must be considered, and that includes how Bitcoins are stored at the user level. Even users who try and protect their anonymity with Tor exist at an exit node where information is transmitted unencrypted. What is to prevent governments from establishing exit nodes for purposes of monitoring such transmissions?
If I intended to be a Bitcoin thief I would attack a successful merchant who accepts Bitcoins. They have to estasblish routine procedures for processing multiple transactions. Thus they will likely be concentrating many Bitcoins into a single wallet. And lifting a single purse is easier than lifting several.
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