Bitcoin security is safe now?

[harizen]

We all know that a few days ago South Korean Exchanges Bithumb hacked an estimated loses $ 31.5 million worth of crypto currency. I think Bitcoin Security should be more complicated.

What do you think?

https://www.theguardian.com/business/2018/jun/20/south-korea-bithumb-loses-315m-in-cryptocurrency-heist

The one that were hacked was the exchange itself and not the bitcoin itself.

Security of the exchange must be improved but if a hacker focused too much on their goal and spend time on it, they will really have a chance to breached the system by any means even how secured and well maintained the security is. Again, "FOCUSED". Cryptocurrency is no doubt one of the most targeted now by the hackers for an obvious reason.

Why would people lazily leave their funds in exchanges in the first place anyways? What is the point of it? To avoid receiving fees for the deposit fees that are needed? It is entirely 50/50 decision that would lead to a 100% of something not probably gonna happen. I had left few tokens in some exchanges like EtherDelta, but they were just half a token in its composition and I just leave it as a dying investment anyway since I sold it all out when the token I was holding peaked.

Not literally leaving their funds but for a trader, it's really necessary to just leave their funds on an exchange so that they won't missed an action. They understand the risks here that's why it can be only applied to those big exchanges. I see nothing wrong about it.

Anyways Etherdelta is not a good example here.

[1715091386]

1715091386

[omonuyak]

We all know that a few days ago South Korean Exchanges Bithumb hacked an estimated loses $ 31.5 million worth of crypto currency. I think Bitcoin Security should be more complicated.

What do you think?

https://www.theguardian.com/business/2018/jun/20/south-korea-bithumb-loses-315m-in-cryptocurrency-heist

I will advise that more security tokens should be build on blockchain technology in other for us to develop some security that can fight hackers and others criminal activities.  
The exchange should spend time in developing they project in other to safeguard and build investors confidence as many people are afraid of living their fund at exchange because of scam.

[Agaguk24]

I think, after all this time, that bitcoin is safe software-wise; it's only as safe as the practices of the people using it though.

[emberbekas]

We all know that a few days ago South Korean Exchanges Bithumb hacked an estimated loses $ 31.5 million worth of crypto currency. I think Bitcoin Security should be more complicated.

What do you think?

https://www.theguardian.com/business/2018/jun/20/south-korea-bithumb-loses-315m-in-cryptocurrency-heist

Other bad news from the exchange site. And this is a warning for traders to be more cautious in choosing exchange sites and always send back our coins to our own wallets if we already finish with our actions in exchange sites. The security hole exists on the exchange site, Bithumb in this case.

[megacrypto]

Bitcoin is very secure and strong now compared to a couple of ears ago. It's about centralized exchanges secrity state, not BTC itself.

[_CryptoBrain]

In all thefts and hacking, it's not the crypto currency that is to blame, but the exchanges where people keep all their money. Be smarter and keep your money on official crypto currency purses and then no one will steal anything from you.

[Parodium]

Bitcoin will never be safe until the exchanges and other points of weakness step up their security game. The protocol itself is pretty much unhackable but privileged parties operating between the user and their coins are often vulnerable, unfortunately, sometimes by design.

[Traderbtcc]

We all know that a few days ago South Korean Exchanges Bithumb hacked an estimated loses $ 31.5 million worth of crypto currency. I think Bitcoin Security should be more complicated.

What do you think?

https://www.theguardian.com/business/2018/jun/20/south-korea-bithumb-loses-315m-in-cryptocurrency-heist

It's not about Bitcoin's security getting compromised. This is just exchanges letting their guard down and getting hacked. So it has absolutely nothing to do with Bitcoin or its security. What we all should be more concerned about is the exchanges we do keep our funds and how tight their security is. Bithumb for instance, didn't had that covered.

[websoftwareengineer]

We all know that a few days ago South Korean Exchanges Bithumb hacked an estimated loses $ 31.5 million worth of crypto currency. I think Bitcoin Security should be more complicated.

What do you think?

https://www.theguardian.com/business/2018/jun/20/south-korea-bithumb-loses-315m-in-cryptocurrency-heist

Bitcoin security or cryptocurrency security will be only safe depending on the market who is holding the coins so you should always look at the reputation of the exchanger before investing or placing your coins in their market.

[kenel]

it all looks like a planned action. I don't think it's really that simple. about hacking-do not break the wallet itself, and accesses to it. this different things

[trumper]

Nothing is 100% safe, most people even those who use very complicated encryption and storage methods for coins are obsessed now.