Crypto Exchange Binance Hacked, $40M+ Stolen in Bitcoin

R-T-B · May 9, 2019

notb said:
Not true. ;-)

True enough for analogy purposes.

notb said:
You can store crypto safely - sure. But it gets very exposed when you use it.

It's not "use" which exposes it. It's key exposure. Utilize the strong wallet encryption provided, and a strong passphrase. Cold wallets need not even factor in... that's more for exchanges.

notb said:
The frequency of incidents with cryptos is absurdly high.

Look at the news links provided. It's rather comparable with banking.

notb said:
You're oversimplifying this saying that cryptos are secure because blockchain is secure. Money safety is about so much more than just database technology. This "so much more" just doesn't exist in the crypto space.
Banks would be just as bad and money would be lost all the time if they weren't controlled and regulated like they are today.

People saying "crypto is insecure" are assuming the technology is insecure, not it's supporting infrastructure. Simply not true.

moproblems99 · May 9, 2019

I see everybody here has a nice case of confirmation bias. Why doesn't everyone just accept that none of you shit is secure and move on?

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Crypto Exchange Binance Hacked, $40M+ Stolen in Bitcoin

R-T-B

moproblems99