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This may be an interesting hurdle for bitcoin that I've never really considered. Because the real life equivalent of bitcoin is essentially cash you have to tak

This may be an interesting hurdle for bitcoin that I've never really considered. Because the real life equivalent of bitcoin is essentially cash you have to take security extremely seriously. One fuckup and you lose everything. This isn't really like banks where if someone has their account hacked they can have funds reversed if they are quick enough. Even Google couldn't keep their datacenters 100% secure, so how will startups fair against the extremely high security cost? Hopefully sane security measures will become widespread, or bitcoin services may be only run by those who can afford security audits.

NN88 13y ago
Not to be rude...but how are you JUST NOW considering this?
j79 13y ago
I agree. While not bitcoin, I played around with dogecoin for a while (I was tipped about 3000 doge on reddit for a post). Right before Christmas, dogewallet was hacked (where I had transferred my doges to). Some good folk over at reddit band together to work on helping out those of us who were hacked. I create a new wallet, and then submit my info for donation doges. A week or so later, they send me 3000 doges. I didn't realize until I checked my account (a few days after it was sent) that they had sent them. Here's the interesting part - less than an hour after they had sent it to me, those 3000 doges were immediately withdrawn and sent to another address. Thankfully, I was playing around with Doge (so the value was all of a dollar fifty), but the entire thing turned me off. If this was bitcoin, or if I had actual money invested, I would have lost my investment TWICE. I like to think I'm some what technically savvy, but in that moment, I realized I had no clue what the hell had happened. Trying to imagine my parents working with bitcoin...never.
- mgpetkov 13y ago
  I suggest to scan your computer for viruses, spyware, rootkits ... Today I checked my wallets and they are intact. I also run small mining pool and guess what ... no coins are missing.
deleted 13y ago
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NN88 13y ago

Not to be rude...but how are you JUST NOW considering this?

j79 13y ago

I agree. While not bitcoin, I played around with dogecoin for a while (I was tipped about 3000 doge on reddit for a post). Right before Christmas, dogewallet was hacked (where I had transferred my doges to). Some good folk over at reddit band together to work on helping out those of us who were hacked. I create a new wallet, and then submit my info for donation doges. A week or so later, they send me 3000 doges. I didn't realize until I checked my account (a few days after it was sent) that they had sent them. Here's the interesting part - less than an hour after they had sent it to me, those 3000 doges were immediately withdrawn and sent to another address. Thankfully, I was playing around with Doge (so the value was all of a dollar fifty), but the entire thing turned me off. If this was bitcoin, or if I had actual money invested, I would have lost my investment TWICE. I like to think I'm some what technically savvy, but in that moment, I realized I had no clue what the hell had happened. Trying to imagine my parents working with bitcoin...never.

mgpetkov 13y ago
I suggest to scan your computer for viruses, spyware, rootkits ... Today I checked my wallets and they are intact. I also run small mining pool and guess what ... no coins are missing.

deleted 13y ago

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