[2016-08-11]Recent Bitfinex Hack Does Not Shake The Bitcoin Protocol

[BTCBinary]

Recent Bitfinex Hack Does Not Shake The Bitcoin Protocol

Although the past week and a half have not been overly positive for Bitcoin, the cryptocurrency remains very resilient. The Bitfinex hack could have easily crippled any other currency or investment vehicle, but not Bitcoin. Although some media outlets blame this as the Bitcoin network being hacked, nothing could be further from the truth...

http://www.newsbtc.com/2016/08/11/recent-bitfienx-hack-does-not-shake-the-bitcoin-protocol/

[Kaneki]

Hacks like these are not out of the ordinary in the Bitcoin world, yet none of them succeeded in keeping the cryptocurrency down. Unlike what most people may want to believe, Bitcoin will not be destroyed that easily. A hack reflects badly on the concept of Bitcoin, but that does not affect the technology. Nor does it bring down the price for an extended period either.