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oldsoftie

(13,538 posts)

34. But how could it be more secure than our own military or banking programs?

Reply to localroger (Reply #33)

Wed Feb 9, 2022, 08:10 AM

Feb 2022

And let me be the first to admit I know less about programming than Donald Trump knows about manners. Its just that we see "hacks" into all kinds of supposedly secure systems all the time, so it just seems to be a matter of time. Or maybe its much more likely that we see "wallets" hacked and crypto stolen

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Feds arrest married couple, seize $3.6 billion in hacked bitcoin funds [View all] Zorro Feb 2022 OP

A want no part of this. Nope. secondwind Feb 2022 #1

A pretty big f'n deal, this. ancianita Feb 2022 #2

Despite what some think, crypto is not untracable. n/t PoliticAverse Feb 2022 #3

Exactly. Few people seem to know that those "wallets" are all traceable. PSPS Feb 2022 #24

Could have gotten away with it too... JohnnyRingo Feb 2022 #4

To get away with it they would have had to move to Russia and bribe officials. Beakybird Feb 2022 #5

Russian national Ilya Lichtenstein ToxMarz Feb 2022 #11

Or Mar-ma-lardo. SergeStorms Feb 2022 #19

The most secure, unhackable, cheapest, most reliable way to move money bucolic_frolic Feb 2022 #6

Just seems to me that at SOME point someone will figure out the program. oldsoftie Feb 2022 #10

The cryptography behind bitcoin is considered very solid localroger Feb 2022 #33

But how could it be more secure than our own military or banking programs? oldsoftie Feb 2022 #34

Cryptographic strength can become dated localroger Feb 2022 #35

Actually, Bitcoin wasn't hacked; the exchange was hacked localroger Feb 2022 #14

They like saying they stole the money from the bank but the vault was safe. /nt bucolic_frolic Feb 2022 #16

Not really. You can use bitcoin without using an exchange. localroger Feb 2022 #18

Precisely, also before required 2FA security on most exchanges JCMach1 Feb 2022 #21

Crypto seems related to a Ponzi scheme to me. justhanginon Feb 2022 #7

;-{)🖖‍ Goonch Feb 2022 #8

Some folks have lost their bitcoins because they lost their password. keithbvadu2 Feb 2022 #9

Such hacking has always involved something off the blockchain localroger Feb 2022 #30

I remember reading about 1 person . . . toopers Feb 2022 #36

lol she has a TikTok mahatmakanejeeves Feb 2022 #12

How do you "seize" imaginary currency??? TNNurse Feb 2022 #13

Do you mean, like, dollars? Tommymac Feb 2022 #22

The government calls crypto assets securities, even if their only value is some greater fool to sell Eugene Feb 2022 #31

From the DoJ PR nitpicker Feb 2022 #15

Like many, they didn't get caught stealing, they got caught trying to become honest. Tommymac Feb 2022 #23

They were probably really undone by the explosive rise in value localroger Feb 2022 #28

I've never trusted crypto or gotten involved in it IronLionZion Feb 2022 #17

They can't, unless you are sloppy localroger Feb 2022 #32

Cryptocurrencies: Millions of tons of Methane (CH4) released by melting permafrost... Justice matters. Feb 2022 #20

A Russian National and bitcoin. Not shocked. Get rid of bitcoin rockfordfile Feb 2022 #25

Why is the DOJ involved? Mawspam2 Feb 2022 #26

Because they didn't hack the cryptocurrency itself, they hacked an exchange localroger Feb 2022 #29

Our national interest is recovering it from the criminal IbogaProject Feb 2022 #27

A Crucial Clue in the $4.5 Billion Bitcoin Heist: A $500 Walmart Gift Card mahatmakanejeeves Feb 2022 #37