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Though the 'experiment' has shown the grave consequences of a security breach. They might be able to fix the current problem, but markets are about trust, and t
by hack_edu 15y ago
Though the 'experiment' has shown the grave consequences of a security breach. They might be able to fix the current problem, but markets are about trust, and the doubt that this causes cannot be undone. We all know it can, and will, be hacked again.
- yaix 15y agoSimilar things have happend on stock exchanges, with automated micro-second trade algorithms running wild. Now those exchanges have learned from past crashs and installed limits and market fluctuation. Bitcoin exchanges will learn and do similar things. It's only just starting.
- hack_edu 15y agoIt is just starting, and there's a long way to go before its fair to compare any aspect of them to your everyday stock exchange that we know. And again, they have to retain trust to get there. Who's to say these countermeasures and limits won't be specifically targeted by a future hack? They're too easy a target.
- deleted 15y ago[deleted]
- espeed 15y agoYou said it right. That is what these "hacks" may be designed to do so it's important to see it for what it is and not to let the idea die.
- cbailey 15y agoIn the past 6 months, I have been issued 3 new credit cards due to security breaches. The stock market has crashed a couple times. Despite these breaches or crashes, I'm not going to cancel my cards and transfer everything to cash. Markets are about risk, and higher risk equals higher return (or loss). Trading in a market like stocks, commodities, forex, bitcoin, etc. carries inherently high risks.
- wmf 15y agoThe price has fallen from $17 pre-crash to around $12, but I can't tell if that's the risk being priced in or just the usual 40% daily volatility.