Could bitcoin recover from another 90bn coins hack?

[tokeweed]

If smething big happens that could "break" Bitcoin, transfer to Litecoin, the safe haven coin.

If something big happens and breaks Bitcoin, then Litecoin will follow.
Besides, how do you transfer broken Bitcoins to Litecoins?

Trading them via exchanges.  Like if the 20mb block hard fork does happen as planned, I might hold some LTC.

[BayAreaCoins]

If smething big happens that could "break" Bitcoin, transfer to Litecoin, the safe haven coin.

Bitcoin and Litecoin use the same private keys.

See www.Buttcoins.com to how one private key has different "sister" addresses.

If the 20mb fork happens LTC is for sure going to follow it eventually.

Best to just stick in cash or on real bitcoin.

[tokeweed]

If smething big happens that could "break" Bitcoin, transfer to Litecoin, the safe haven coin.

Bitcoin and Litecoin use the same private keys.

See www.Buttcoins.com to how one private key has different "sister" addresses.

If the 20mb fork happens LTC is for sure going to follow it eventually.

Best to just stick in cash or on real bitcoin.

Eventually, but let's see how it all pans out for BTC first.

[bornil267645]

I don't think BTC was ever hacked and The MT.Gox incident was just like changing hand. The BTC is still in the market and someone out there is using them. I hope new users take lessons from the incident and take precautions.

[zeeshsnrehman2]

i dont think that will be possible. not in my opinion. gox bot was a blessing in disguise

[luv2drnkbr]

Bitcoin would easily recover from a problem like that.  90bn new coins would completely destroy faith in the system, so everybody would move to a new chain that doesn't include that transaction, and since the longest chain is the valid chain, that transaction would disappear from history as it if never happened.  Not only that, it would be happen and be fixed in less than 50 blocks almost certainly.  It would be noticed right away, everybody would freak out, move to a new chain, and then things would settle down after the new chain became longer than the 90bn chain.  And within a day a patched client would come out.  The price would take a huge hit because of the ensuing panic and craziness, but within a few days things would be back to normal and it would just be another fun story in the crazy history of bitcoin.

[anderson00673]

I think that any event at this point be it a hack of bitcoin or an exchange would be very bad.  Coin already has a sketchy reputation at this point because of silk road and mt gox.  Another major incident, or at least an incident that was reported on the news as major, would be very bad right now.  I believe most would flee the currency and never come back.