Hacking is a much bigger threat to bitcoin then the fall of Mt Gox!

[DrBitcoin]

Bitcoin will survive the fall of Mt Gox. I am certain of this, as the businesses surrounding many new technologies stumble in their infancy.

A much bigger threat to the long-term viability of Bitcoin is hacking, and the reduction in mind share that results from hacking claims.

I have several Bitcoims on coinbase, and I am offloading them all into cold storage until sites like coinbase give a guarantee that if you use all of their security measures, theft of coins will be reimbursed back to the victim.

I am a high-tech user, I used to factor authentication on my account and my backup email account, along with random long nonrepeating unrecognizable passwords. But I'm in like the 1%.

We need websites like Coinbase to have official policies on theft, otherwise savoy users won't store their coins there, and less savvy users won't dabble in Bitcoin at all. This has to be the next big change, or this thing will die on the vine!

[franky1]

Bitcoin will survive the fall of Mt Gox. I am certain of this, as the businesses surrounding many new technologies stumble in their infancy.

A much bigger threat to the long-term viability of Bitcoin is hacking, and the reduction in mind share that results from hacking claims.

I have several Bitcoims on coinbase, and I am offloading them all into cold storage until sites like coinbase give a guarantee that if you use all of their security measures, theft of coins will be reimbursed back to the victim.

I am a high-tech user, I used to factor authentication on my account and my backup email account, along with random long nonrepeating unrecognizable passwords. But I'm in like the 1%.

We need websites like Coinbase to have official policies on theft, otherwise savoy users won't store their coins there, and less savvy users won't dabble in Bitcoin at all. This has to be the next big change, or this thing will die on the vine!

you cant hack bitcoin. you can however hack services ontop of bitcoin or con people out of funds. but when it comes to bitcoins whether an innocent user owns them or a scam artist owns them, in the end they are all people, and bitcoins have not been destroyed, only changed hands. same as when you buy something at the bitcoin store. it simply changes hands.

when it comes to investing, smart investors know the difference between bitcoins strengths, and users weaknesses so even when they read that USERS have lost their coins. they know that its not bitcoins fault.

bitcoins has a fixed amount and in the end it does not matter who's hands it is in or how it was obtained, bitcoin wont die. price drops are not a death of bitcoin, but a buying oppertunity for new users. this cycle will repeat again and again for many years.

the best advice is to not panic over the daily drama of bitcoin users (personal and business) but to look at the long term picture.

in 2012 bitcoin went from over $30, down to $14 and then down to $6, purely because of drama in the media (silkroad, bitcoinica&pirate).. but now look at it.

bitcoin drama will just keep circling, yet bitcoin will never die.

[hilariousandco]

We need websites like Coinbase to have official policies on theft, otherwise savoy users won't store their coins there, and less savvy users won't dabble in Bitcoin at all. This has to be the next big change, or this thing will die on the vine!

If you get your coins stolen because of a keylogger on your end then it's that persons fault and the company can't be held accountable. If it's an internal problem or hack on their end they they should return / refund the money at some point.

[Meuh6879]

I am a high-tech user, I used to factor authentication on my account and my backup email account, along with random long nonrepeating unrecognizable passwords. But I'm in like the 1%.

high-tech user ALWAYS retrieve BTC to local bitcoin-QT wallet. 





FAIL.

[DrBitcoin]

I am a high-tech user, I used to factor authentication on my account and my backup email account, along with random long nonrepeating unrecognizable passwords. But I'm in like the 1%.

high-tech user ALWAYS retrieve BTC to local bitcoin-QT wallet.  





FAIL.

Which is MY EXACT POINT! If all we are doing is hoarding Bitcoins for fear of loosing them, then the market will not be free to flourish. These online exchanges offer a great service for people. They allow us to trade Bitcoins like any other commodity, stocks, gold etc. This encourages growth and increases the market cap. The difference is if I put my hard earned dollars into the Nasdaq, there is no fear that my money is going to be outright stollen. If I put my money in a bank, I am FDIC insured up to $250,000.

Every hacker story, whether true or not decreases the public mindshare and scares ordinary people like my parents away from Bitcoin. This is BAD FOR EVERYONE!


Oh yeah...and SUCK MY GOX!

[Sannyasi]

Ignorant topic, bitcoin isn't hackable and exchanges have maybe a 1% influence [if that] on any lasting price change, this big plunge is ignorant people that are panic selling. I gotta say, I saw this coming from a world away and got out of gox almost a year ago for good. This is a grand time to take advantage of peoples unintelligence and buy... man I wish I had some extra money.

[Musent]

Ignorant topic, bitcoin isn't hackable and exchanges have maybe a 1% influence [if that] on any lasting price change, this big plunge is ignorant people that are panic selling. I gotta say, I saw this coming from a world away and got out of gox almost a year ago for good. This is a grand time to take advantage of peoples unintelligence and buy... man I wish I had some extra money.

This is so true. Exchanges only affect the price temporarily.

[whtchocla7e]

I am a high-tech user, I used to factor authentication on my account and my backup email account, along with random long nonrepeating unrecognizable passwords. But I'm in like the 1%.

And you're still not safe.

[E.exchanger]

yeah man hacking is a much bigger threat to the bitcoin system but i guess we can always take measures to avoid it from our end.There are number of 
keyloggers and wallet stealers out there so everyone should always take precautions. I don't know if it has something to do with hacking but once i experience an unknown transaction of  0.00001btc to my wallet wanted me to visit a link in the note, It was totally ignored by me of course