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?

System Name	Pioneer
Processor	Ryzen 9 9950X
Motherboard	MSI MAG X670E Tomahawk Wifi
Cooling	Noctua NH-D15 + A whole lotta Sunon, Phanteks and Corsair Maglev blower fans...
Memory	64GB (2x 32GB) G.Skill Flare X5 @ DDR5-6200(Running 1T no GDM)
Video Card(s)	PNY RTX 5080 OC
Storage	Intel 5800X Optane 800GB boot, +2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs, 1x 2TB Seagate Exos 3.5"
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Keyboard	WASD Code v3 with Cherry Green keyswitches + PBT DS keycaps
Software	Gentoo Linux x64 / Windows 11 Enterprise (yes it's legit)

System Name	Wut?
Processor	3900X
Motherboard	ASRock Taichi X570
Cooling	Water
Memory	32GB GSkill CL16 3600mhz
Video Card(s)	Vega 56
Storage	2 x AData XPG 8200 Pro 1TB
Display(s)	3440 x 1440
Case	Thermaltake Tower 900
Power Supply	Seasonic Prime Ultra Platinum

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

R-T-B

moproblems99