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Title: Can this happen to Bitcoin? Post by: FriddickPrime on November 13, 2017, 07:17:40 AM I saw this article about a week ago and I was wondering if the same freak accident could happen to bitcoin and if not then what prevents it from happening?
Thanks in advance for the info https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether Title: Re: Can this happen to Bitcoin? Post by: OneSortieMan on November 13, 2017, 07:25:26 AM wow 300 million?
jeez the guy that fat thumbed that must feel terrible Title: Re: Can this happen to Bitcoin? Post by: zais on November 13, 2017, 07:42:09 AM I saw this article about a week ago and I was wondering if the same freak accident could happen to bitcoin and if not then what prevents it from happening? all must have an event, a strange incident or an ordinary occurrence like a person who had an accident, a strange accident occurred in bbitcoin and which becomes a question of whether bitcoin is safe or has started in doubts of its safety?Thanks in advance for the info https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether Title: Re: Can this happen to Bitcoin? Post by: nazimmamun on November 13, 2017, 08:03:07 AM don,t know this very well. but modern world somthing happen
Title: Re: Can this happen to Bitcoin? Post by: Gens09 on November 17, 2017, 11:56:37 AM I saw this article about a week ago and I was wondering if the same freak accident could happen to bitcoin and if not then what prevents it from happening? woah that's big. this maybe happened again we don't know when or how but we should just secure our money let's not depend all our money to bitcoin Yes bitcoin is safe but we never know to the developer of btc he's the one who really holds btc so if I were you do not put every money you have in btc have a bank or put it in a safe so that you are not totally 0 when the thing happens again.Thanks in advance for the info https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether Title: Re: Can this happen to Bitcoin? Post by: LoudA__ on November 17, 2017, 12:03:19 PM I saw this article about a week ago and I was wondering if the same freak accident could happen to bitcoin and if not then what prevents it from happening? Thanks in advance for the info https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether I think the wallet was controlled by some group of people so that means that the private key was not given to the users. This will not happen to bitcoin if we have our seed and private key and can't be controlled by other people, unlike crypto currencies in an exchanger. Title: Re: Can this happen to Bitcoin? Post by: bob123 on November 17, 2017, 12:10:35 PM This Incident can't be reproduced on bitcoin.
The bug found, causing to a loss of 300 mln $, was not a bug in the ethereum code itself. That was a bug in an app which sits on a layer above ethereum. To be exactly this happened to a parity wallet provider. Thats comparable to an online wallet provider for btc wallets which has an open exploitable vulnerability. This does not harm bitcoin at all. Its only the mistake from the provider of this DAPP. By the way, this bug already has been published few months ago. But the service provider of the parity eth wallet did not care about that. Now they get what they deserve. |