"In December, 40 million credit card numbers and 70 million addresses, phone numbers and additional pieces of personal information were stolen from the retail giant Target by hackers in Eastern Europe."
That is massive! and shows how much work needs to be done, to secure the traditional payment methods like credit and debit cards. Something they might learn from
BTC it seems.
The
BTC protocol have only been compromised once, and rectified almost emmediately, because it was viewable publically and spotted quickly. Compare that to the amount of times credit cards and debit cards are being hacked daily.
"Credit and Debit cards" are not being hacked. Individual companies storing data are being hacked.
That isn't the equivalent of the Bitcoin protocol being compromised, it is the equivalent of exchange/wallet sites being hacked.
And that has happened.... quite a lot.
As a proportion of total currency, do you think a greater %age of USD has been lost through credit/debit card hacks and scams or of Bitcoin lost through hacks and scams?
I'm betting on the latter.