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I'm actually almost glad Bitcoin has suffered these high-profile attacks. The amount of money actually lost seems to be relatively small, and its better attacks
by weavejester 15y ago
I'm actually almost glad Bitcoin has suffered these high-profile attacks. The amount of money actually lost seems to be relatively small, and its better attacks like this happen now, whilst the market is still small. Without regulation or reversible transactions, Bitcoin security has to be very good indeed, and this is the sort of incident that might encourage better security measures.
Quite frankly, Mt. Gox never struck me as particularly secure. I'm very surprised anyone would keep a large amount of money in it, instead of transferring it out to their accounts.
- danneu 15y agoI agree. Stress tests like this are inevitable, so the sooner they happen, the better hardened Mt Gox and other exchanges can become.