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The protocol itself has not been hacked, but private keys get hacked all the time
by drdrey 9y ago
The protocol itself has not been hacked, but private keys get hacked all the time
- smokeyj 9y agoThis is largely solved with multisignature wallets. But centralized databases have this same attack vector, along with all the challenges of maintaining a database.
- fleetingmoments 9y agoAnd if you get hacked and can prove it, the bank/municipality has the power to correct fraudulent transactions.
- niij 9y agoIf they have the power to reverse the transaction, then what does Bitcoin add over a Database?