Bitcoin hack explained | FT Markets




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The Hong-Kong based Bitfinex exchange has revealed nearly 120,000 bitcoins worth of customer funds were stolen. Alphaville’s Izabella Kaminska looks at what the hack reveals about the bitcoin financial system, and why it is starting to resemble the current financial system.

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9 comments on “Bitcoin hack explained | FT Markets

not worth subscribing…

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1. bitfinex hack, not bitcoin hack
2. most popular way to hold bitcoins is hardware wallet, e.g. trezor, ledger or even a paper wallet, and not third-party
3. you didn't explain shit in the video, the title and video itself is absolutely misleading

you call yourself "financial times", so why are you poking into cryptography, if you don't understand shit about it?

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lol PUT YOUR HARD EARNED MONEY ONLINE!!!!!

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If you don't hold it, you don't own it. If these people would have bought real money; gold, and not something "virtual" then they would still hold their assets. Anything that has to do with electronic entries is subject to up to a 100% total loss.

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You haven't mentioned that it is statists' regulatory requirements to blame in the vulnerability. They forced Bitfinex to switch to a less secure storage.

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Very misleading title and video.

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