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Since the beginning I've always looked at cryptocurrencies as a free for all. If you're dumb enough to leak your key, then the value is gone. If you send your c
by NorwegianDude 5y ago
Since the beginning I've always looked at cryptocurrencies as a free for all. If you're dumb enough to leak your key, then the value is gone. If you send your currency away to something without looking into it first, then it's your own stupidity. Lost your key? Great job, dumbass. Crypto currency is and has always been a "do what you want, but if you mess up, it's on you" in my eyes.
It seems most people using crypto currencies now have basically no knowledge about it, so I guess this will happen more often in the future. Now, "everyone" is into cryptocurrencies, and most of them could probably not name a single algorithm used for cryptography.
It's so simple to stay anonymous online. If someone took your currency then it's unlikely you'll ever figure out who it was.
Speaking as a dumbass who noticed the news in 2013 about bitcoin reaching $ 1k or something, then realizing the key for a wallet with 52 BTC was on a drive I wiped some years prior to that.
Well played to whoever found a flaw, if that's what happened.
- sureglymop 5y agoMost people will not hold their own wallet. They just buy cryptocurrency through an exchange and let it sit as an "investment". They don't manage the wallet themselves and don't use the cryptocurrency for transactions. They simply think this is a quick way to make money and see it more as a more volatile alternative to the stock market.
- lexapro 5y agoThis is probably >90% of cryptocurrency users. Of course it's just a guess, I wish I knew the real percentage.
- enkid 5y agoAnd then someone hacks the exchange and they lose their money and they ask "how could this happen?" But they mean that literally because they didn't know it was even a possibility.
- sureglymop 5y agoTrue. But to add to it, even if they did know more about it, they want the possibility to "exit" or "sell" quickly because they see it solely as an investment. So it wouldn't change anything.