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>Being hacked every which way Do you want to clarify this? If you meant what I think you meant, you're incorrect.
by Snackchez 9y ago
>Being hacked every which way
Do you want to clarify this? If you meant what I think you meant, you're incorrect.
- philipwhiuk 9y agoNot the ledger, the exchanges. And then it's impossible to recover the money because the account it's gone to is anonymous.
- s0rce 9y agoI assume he meant people have had their coins stolen, usually from exchanges, really not much different than your bank getting robbed, although in this cause your money is gone and the exchange doesn't cover the theft.
- ryguytilidie 9y agoI'd say that goes beyond "really not that much different".
- jandrese 9y agoThere is no FDIC for Bitcoin exchanges. Also a distressingly large percentage of the exchanges to date have been either fraudulently or incompetently run and lost the user's bitcoibs and/or fiat money. Nobody would use banks if 4 out of 5 were completely cleaned out by crooks and went out of business.
- solotronics 9y agoyes there is. Gemini is FDIC insured for dollar deposits https://gemini24.zendesk.com/hc/en-us/articles/205823016-Are-my-funds-FDIC-insured- https://gemini24.zendesk.com/hc/en-us/articles/205823016-Are...
- deleted 9y ago[deleted]
- 0wing 9y agoNumerous cases of backdoored wallets, or poorly implemented weak private keys generated from javascript, or straight up theft from deposits. While a tiny aspect of dealing with Bitcoin is secure (key pairs) [1], actually using Bitcoin has proven to be a mess for almost the majority of users. This is not a user friendly experience for most users. [1] https://lbc.cryptoguru.org/about https://lbc.cryptoguru.org/about