4 ms·
Like any program or protocol, there are probably dozens of attack vectors that might lead to an exploit in either the clients, or the protocol. I'm not 100% sur
by etchalon 13y ago
Like any program or protocol, there are probably dozens of attack vectors that might lead to an exploit in either the clients, or the protocol. I'm not 100% sure what it'd look like, only that Bitcoin is ultimately something written by humans that runs on computers, and both of those things have proven time and time again to be stupid.
And of course there's nothing different between a compromised computer contained BTC and a cash mattress fire. Yes, in both situations you lose all your money. You're missing the point.
And yes, of course, fiat and bitcoin share the same fundamental weirdness of faith values, the comparison was to gold and silver, not fiat. So the point you're making is moot.
- dragonwriter 13y ago> And of course there's nothing different between a compromised computer contained BTC and a cash mattress fire. The difference is that I can use USD and mitigate the risk of a cash mattress fire by using a bank, savings-and-loan, or credit union, and mitigate the risk of using such an institution by using an FDIC-/FSLIC-/NCUA-insured institution.
- etchalon 13y ago…if you use a bank then why would it matter if your mattress caught on fire…
- dragonwriter 13y agoThat's why the availability of insured banks to place some of one's dollars in mitigates the risk of mattress fires. Is there some part of "mitigate the risk" that wasn't clear to you?