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Piper67 (OP)
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March 16, 2013, 07:40:40 PM
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http://motherboard.vice.com/blog/weathering-the-storm-bitcoin-finds-new-resiliency
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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March 16, 2013, 08:25:13 PM
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Article was OK.
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A password reset later, the thieves were able to empty BitInstant’s account on Bitcoin exchange WirGox.
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