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Agreed. In this case there is an implicit, very large, bug bounty that anyone can cash in. So far there has been one creation of new bitcoin bug and zero spendi

Agreed. In this case there is an implicit, very large, bug bounty that anyone can cash in. So far there has been one creation of new bitcoin bug and zero spending other people's bitcoin bugs. That does not mean it's secure, but at this point it's looking more secure every day.

samsonradu 9y ago
The more centralized bitcoin becomes, and it will, the more vulnerable it will be. As time goes by a few exchanges will become huge BTC storage centers. What if it’s an inside attack and someone steals the data from the servers? Is there any insurance/rollback mechanism in place?