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Yes but the big problem really boils down to "What % of the total bitcoin deposits are in the hot wallet at any given time?" To me bitcoin security should firs
by jboggan 14y ago
Yes but the big problem really boils down to "What % of the total bitcoin deposits are in the hot wallet at any given time?" To me bitcoin security should first be concerned with minimizing this number in any way possible. Hacks will happen; the companies involved need to make sure it's never worth their time.
- toomim 14y ago...and last I heard, coinbase keeps most coins hot! They need to fix this. Brian (ceo) doesn't recommend keeping lots of money there yet for this reason.
- trotsky 14y agoIf you want to be taken seriously as an online wallet then do what every other currency depository does - tell the public about your 3rd party deposit insurance, and tell your insurer about your security. Anyone unable or unwilling to secure insurance has essentially made their advertising slogan "we might as well rob you ourselves"
- illuminate 14y ago"we might as well rob you ourselves" Which appears to be the motto for most all of the wallet-thefts so far.