Once hailed as unhackable, blockchains are now getting hacked | |
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Anonymous Coward User ID: 75230924 United States 02/21/2019 05:30 PM Report Abusive Post Report Copyright Violation | LOL. Quoting: Anonymous Coward 76584659 "Hacked." My fuckin ass 2 billion got hacked. The crypto currencies themselves arent getting hacked (minus Ethereum Classic) it's the normal internet websites, such as scam sites and exchanges that are getting hacked. Flat out, do not leave a large sum of crypto on exchanges. Period. Ever. End of story. If you leave them on the exchange, you do not have control of the private key. It's essentially like leaving shit load of cash with someone who you dont really know, but consider a friend, whom you think will always keep your money safe for you. "Not your keys, not your crypto." And Ethereum Classic is a shitcoin. It's a left over fork from the orginal Ethereum chain, with next to no development on it. Been that way for years. That was asking to happen. Read up, dumb dumb. [link to coincentral.com (secure)] Reading comprehension is not your strong suit....or, most likely, you’re just a headline reader. From the article: “As far as we know, this kind of attack has not occurred, and there are steps that can be taken to make coins immune to this behavior.” “These attacks are theoretical so far and for the most part, may never be seen, as one of the fundamental design decisions made when developing a cryptocurrency system is how to prevent Sybil attacks.” “Major networks like Bitcoin are constantly under attack from DDoS attempts, but design decisions made in the development of the Bitcoin network act to mitigate the risk of DDoS attempts. In the face of a successful DDoS attack, there is no threat of stolen funds or compromised security, simply a halting of network activity.” “The attacks are expensive to pull off and are quickly corrected by the network’s own self-repairing features. While they could be real threats to the confidence in a cryptocurrency and result in a minimal loss of funds, they are relatively small potatoes.” |
Bit-Con User ID: 77390809 United Kingdom 02/21/2019 05:45 PM Report Abusive Post Report Copyright Violation | Who needs to hack people when Bitcoin miners can charge $50 per transaction just like they did just over a year ago. Face it the only real use for BTC is pipe dreams but so called investors and scams/blackmail. The lightning network uses off block ledgers and the so called nodes are little more than private banks that loan you your own BitCoins so let not call it de-centralized because it is anything but. |
Anonymous Coward User ID: 70664605 Sweden 02/21/2019 05:51 PM Report Abusive Post Report Copyright Violation | Who needs to hack people when Bitcoin miners can charge $50 per transaction just like they did just over a year ago. Quoting: Bit-Con 77390809 Face it the only real use for BTC is pipe dreams but so called investors and scams/blackmail. The lightning network uses off block ledgers and the so called nodes are little more than private banks that loan you your own BitCoins so let not call it de-centralized because it is anything but. BTC is a store of value not a means of transaction. How much would it cost you to send $20k worth of gold to the other side of the planet? |
Buck Rogers User ID: 76916295 United States 02/21/2019 06:37 PM Report Abusive Post Report Copyright Violation | More and more security holes are appearing in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built. Quoting: Anonymous Coward 77256532 [link to www.technologyreview.com (secure)] Blockchain End game is fedcoin |
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