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I feel incidents like these raise an interesting question about the long term credibility of any crypto currency system. For instance if a traditional nation st
by MCompeau 15y ago
I feel incidents like these raise an interesting question about the long term credibility of any crypto currency system. For instance if a traditional nation state felt its monetary system was threatened by a crypto currency could they employ an organization such as the NSA to attempt to undermine the credibility of the crypto currency in this way? I know its a very speculative proposition but it makes one wonder if even in a geographically agnostic realm like the internet the force of a nation state is required to maintain crediblity/stability for a new money system.
- Jach 15y agoMuch larger thefts than this in $USD happen pretty frequently, you just don't hear about them that much. I don't know how the government could guarantee any credibility (Edit: beyond already existing measures, this was theft so if the thief is caught there is punishment available and if Linode was negligent they might also be liable)--the stability is inherent in the network. All the BTC thefts have been to improper security measures taken by the owner(s) and in some cases a misplaced trust in the security of others. Anyone or group with over 1000 BTC in one place should be taking way more security precautions than these guys.
- rmc 15y agocould they employ an organization such as the NSA The NSA is a US Governmental organisation. I don't they are available for private tenders. However there are loads of private security companies.