Hacking Coinbase: The Great Bitcoin Bank Robbery# Stock
m*r
1 楼
finally got some time to read about Bitcoin. I am convinced that block chain
tech is revolutionary and it's here to stay, but still have doubts on
Bitcoin itself.
the article on security is alarming to me, not sure how this impacts the bt
holders:
https://finance.yahoo.com/news/hacking-coinbase-great-bitcoin-bank-103035588
.html
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"Coinbase, which is regulated as a money transmitter like PayPal or , isn't
covered by the FDIC or bound by all the consumer protection laws that govern
banks."
"Problems like this--along with unauthorized credit card purchases of
cryptocurrency--cost Coinbase a stunning 10% of all revenue it collects, a
fraud-loss rate 20 times as high as PayPal's"
"That said, even if the blockchain world's combined forces succeed in
capturing cybercriminals, there's no guarantee that victims will get their
money back. Some of the legal precedent for charging cryptocurrency hackers
is still untested, and there are questions as to whether intangible assets
can even be seized. "
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tech is revolutionary and it's here to stay, but still have doubts on
Bitcoin itself.
the article on security is alarming to me, not sure how this impacts the bt
holders:
https://finance.yahoo.com/news/hacking-coinbase-great-bitcoin-bank-103035588
.html
--------------------
"Coinbase, which is regulated as a money transmitter like PayPal or , isn't
covered by the FDIC or bound by all the consumer protection laws that govern
banks."
"Problems like this--along with unauthorized credit card purchases of
cryptocurrency--cost Coinbase a stunning 10% of all revenue it collects, a
fraud-loss rate 20 times as high as PayPal's"
"That said, even if the blockchain world's combined forces succeed in
capturing cybercriminals, there's no guarantee that victims will get their
money back. Some of the legal precedent for charging cryptocurrency hackers
is still untested, and there are questions as to whether intangible assets
can even be seized. "
-----------------