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I wouldn't want to be in a business in which the worlds absolute finest hackers and crackers - the elite of the best of the best - make it their full time job -

• lunaru 9y ago
  That sounds like any bank. Computer systems as the source of truth for billions of dollars of assets is not new.
  • hoodoof 9y ago
    I think bitcoin attracts more hacker attention than banks.
  • will_hughes 9y ago
    Banks have the advantage that if they see a huge spike in their outbound inter-bank transfers they can suspend traffic while they investigate it, and then if necessary call up the recieving bank(s) and issue a freeze on those funds. There's already established relationships and agreements for these things. With a cryptocurrency there's nobody to call, you have to convince 50% + 1 of the mining pool to undo any major breach - which is almost certainly never going to happen.