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> As quoted in the article, just make the trouble of stealing cargo more hassle than it's worth. If that were feasible, shipping companies would have done it a

by lutusp 13y ago

> As quoted in the article, just make the trouble of stealing cargo more hassle than it's worth. If that were feasible, shipping companies would have done it already. As to piracy, a robot ship represents an added risk, not a reduced one. Just look at Internet crime and compare it with old-style bank robberies to see my point -- those who robbed Mt. Gox didn't have to risk a face-to-face confrontation with an armed guard. It's the same here. > I'm not saying it'd be easy, but it's not the showstopper you make it out to be. I'll bet that's what the backers of Bitcoin said -- until a week ago.

baddox 13y ago
Has the Bitcoin show been stopped? I've been following the Bitcoin community fairly closely, and I must have missed it.
- lutusp 13y ago
  > Has the Bitcoin show been stopped? No, I don't think so, but the risks inherent in virtual currencies should now be obvious to everyone. Bitcoin may recover, but I think in the long term, much better software and transaction protocols will be required than now exist. Remember also that Mt. Gox wasn't the only large online Bitcoin theft: http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitcoins-stolen-unknown-amount/ http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitc...
  - deleted 13y ago
    [deleted]
gk1 13y ago
> If that were feasible, shipping companies would have done it already. For shipping companies, it's not about feasibility. It's about profits. Thanks to insurance, they can afford to pay a ransom every now-and-then and therefore don't need to make the ships as secure as profits. Having no crew onboard would lower operating costs, leaving them with more money to spend on anti-piracy measures. And even then, they would only do it if the cost of adding said measures is less than the cost of insurance. > Just look at Internet crime and compare it with old-style bank robberies to see my point That's not really a fair comparison, is it. Bank robbers aren't after ransoms, and neither are the guys who robbed MtGox.
- lutusp 13y ago
  >> Just look at Internet crime and compare it with old-style bank robberies to see my point ... > That's not really a fair comparison, is it. As a matter of fact, yes, it is. > Bank robbers aren't after ransoms, and neither are the guys who robbed MtGox. It's all about stealing other people's money. You're trying to say that the method one chooses to steal other people's money is more than a detail.

by lutusp 13y ago

baddox 13y ago

Has the Bitcoin show been stopped? I've been following the Bitcoin community fairly closely, and I must have missed it.

lutusp 13y ago
> Has the Bitcoin show been stopped? No, I don't think so, but the risks inherent in virtual currencies should now be obvious to everyone. Bitcoin may recover, but I think in the long term, much better software and transaction protocols will be required than now exist. Remember also that Mt. Gox wasn't the only large online Bitcoin theft: http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitcoins-stolen-unknown-amount/ http://www.deepdotweb.com/2014/02/13/silk-road-2-hacked-bitc...
- deleted 13y ago
  [deleted]

gk1 13y ago

> If that were feasible, shipping companies would have done it already. For shipping companies, it's not about feasibility. It's about profits. Thanks to insurance, they can afford to pay a ransom every now-and-then and therefore don't need to make the ships as secure as profits. Having no crew onboard would lower operating costs, leaving them with more money to spend on anti-piracy measures. And even then, they would only do it if the cost of adding said measures is less than the cost of insurance. > Just look at Internet crime and compare it with old-style bank robberies to see my point That's not really a fair comparison, is it. Bank robbers aren't after ransoms, and neither are the guys who robbed MtGox.

lutusp 13y ago
>> Just look at Internet crime and compare it with old-style bank robberies to see my point ... > That's not really a fair comparison, is it. As a matter of fact, yes, it is. > Bank robbers aren't after ransoms, and neither are the guys who robbed MtGox. It's all about stealing other people's money. You're trying to say that the method one chooses to steal other people's money is more than a detail.