View Single Post
Old 08-03-2016, 07:53 AM  
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,394
Quote:
Originally Posted by ilnjscb View Post
This is why bitcoin is a 1.0 currency. Time for 2.0. There must be some visibility so hacks aren't possible on this scale.
Bitcoin was designed to be decentralized, but exchanges and mining pools have re-centralized it. Rather than everyone being responsible for their own funds, much of the BTC in circulation is held by third parties. The exchanges must be constantly hammered by probes and attacks.
rowan is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote