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Bitcoin and cryptocurrencies should really be capitalizing on the nightmare PR of all these credit card thefts at major retailers. This is way worse than the tr
by untilHellbanned 12y ago
Bitcoin and cryptocurrencies should really be capitalizing on the nightmare PR of all these credit card thefts at major retailers. This is way worse than the transaction fee argument.
- mullingitover 12y agoWhoahahaha no, this does not make bitcoin seem more appealing. At least with credit card breaches nobody loses real money permanently.
- ufmace 12y agoAnd how would they go about capitalizing on the bad PR, considering that Bitcoin security is far, far worse than even the sloppiest credit card system? Virtually every business dealing in Bitcoin has been hacked, and this basically always results in the full balance of their bitcoins being stolen and the attacker getting away with it clean. The credit card system has its issues, but even these massive thefts of numbers generally lead to no financial losses for customers and modest losses for banks and retailers, and the attackers often do get tracked and caught. The biggest complaint on here is that the losses are not high enough to convince these companies to pay serious attention to security.