[2016-06-17] Bitcoin Competitor Hacked

[ducatitalia]

From ZeroHedge: "Finally, all of this just goes to show that when it comes to "money", whether digital, paper, or hard, there is simply no replacement to being able to hold it in one's hand..."

http://www.zerohedge.com/news/2016-06-17/bitcoins-largest-competitor-hacked-over-59-million-ethers-stolen-ongoing-attack

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[nwfella]

Holy crap!!  Current balance: 3,641,694.24 ether

Price down from $18.50ish to $14.62 currently on bitfinex

[Kprawn]

I wonder how many of these Eth pumpers are going to sing Vitalik Buterin's praises now after this happened? Child genius? I guess Coindesk are going to do a 360 on supporting DAO now? We have

been saying this for a while now.... Bitcoin has stood the test of time for 7 years now, and people still want to invest in dodgy untested crypto currencies? I think much of the pushing in the Bitcoin

price are people running away from ETH now, and not just the Chinese speculating on the Bitcoin Halving. 

[InvoKing]

''with some comparing the DAO as the possible Ether equivalent of bitcoin's once largest and now bankrupt exchange, Mt Gox.''

Every cryptocurrency have an up and down period but for now this is the weakest time for the ether dudes, will it survive or simply follow the other shitcoins? We will see