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Banks don't make websites without being hacked. They do, however, spend more on technical security for a single week than the entire Bitcoin community had spen
by patio11 13y ago
Banks don't make websites without being hacked. They do, however, spend more on technical security for a single week than the entire Bitcoin community had spent on all technology to date, and they have substantial processes in addition to the tech to mitigate risk.
- camus2 13y agoBanks have insurances too,something all these exchanges dont have.No insurer would ever back up a bc exchange.
- rahimnathwani 13y agoInsurance just smooths out risks over time and among different parties. It doesn't reduce the (expected) total losses from events, across the entire industry. Banks have insurance for some risks, yes. They are able to buy insurance for a reasonable price precisely because the insurer perceives that the risks are low and well understood.
- valdiorn 13y agoUnlike Bitcoins sites, you can't clean out the entire holdings of a bank with a SQL injection...