Quote:
Originally Posted by Hehe
Oh really? Google "bitcoin heists" and get back to me on safety.
The thief basically stole a hundred millions worth of BTC sitting in front of his/her PC in PJs.
Do you know what it would take to heist 100 million dollar worth of cash or any physical good?
The truth is, any benefit of BTC can be circumvented given enough time and resource. Why? Because it's digital. It might take years before someone comes up with ways, but given the non-destructive nature of BTC transactions and presence, there will be a way to do it.
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Think of Bitcoin as a big bank vault.
This bank vault is safe meaning as of right now there's no way you can steal from it. This might change in the future but as of right now it's solid. You argue that anything digital can be hacked. I beg to differ. If you hacked bitcoin, you would have to convince a large population of computers around the world to let your transaction go though.
When you use an online wallet or an exchange site to transfer bitcoins, you're using a third party to interact with bitcoin. This is a very common security weakness of bitcoin.
I can print out my bitcoin information on a piece of paper and store it under my bed. They are untouchable digitally and unless I was stupid enough to give out that code... it's safe. If you break into my house and steal my piece of paper you've hacked my bitcoins. But you did it via breaking and entering... not because bitcoin is unsafe