Quote:
Originally Posted by dyna mo
"The risks associated with Bitcoin are worth mentioning as well. The six biggest hacking, theft and fraud incidents involving Bitcoin exchanges, wallets, or investment vehicles have resulted in a total 1.2 million Bitcoins being stolen, out of a total of 11 million Bitcoins in existence. This means that more than 10 percent of all Bitcoin has been stolen, and this does not include many smaller thefts and losses from individual wallets. Just this week, another wallet service was shut down after suffering an attack. Given this environment, Bitcoin startups cannot remain bootstrapped for long and will need to raise more substantial capital from VCs to mitigate these risks with better security and proactive regulatory functions."
|
translation: oh, and by the way $200 Million worth of bitcoins were stolen so far, even though only .00000001% of the world's population use it and that only includes big known heists, but hey, nothing to worry about, they'll just need to beef up the security a little...
