3 ms·
> Bitcoin works the same way, but in a much more modern way and achieves much better security. Is this true in practice? Haven't there been multiple massive bi
by boplicity 5y ago
> Bitcoin works the same way, but in a much more modern way and achieves much better security.
Is this true in practice? Haven't there been multiple massive bitcoin thefts? If these happened to a bank, you'd have a chance to get your money back. With Bitcoin -- it's just gone.
- TekMol 5y agoThat is not the type of log level security we are discussing. "Security" here means that a piece of data that was written to the log stays there unaltered. "Theft" is on a much higher abstraction level. A "Bitcoin theft" is that someone steals your key and then appends a message to the log "Boplicity pays 17 BTC to Joe. Signed: Boblicity". Stealing your private key does not take place on the blockchain. And all previous entries to the log are still there.
- zach_garwood 5y agoAnd those goalposts just fly by!
- xboxnolifes 5y agoThese are the unmoved goalposts from this comment chain.