What if most of the hacking of exchanges is the government?

[nextgencoin]

http://www.zerohedge.com/news/2015-02-16/moscow-based-security-firm-reveals-what-may-be-biggest-nsa-backdoor-exploit-ever

[dsly]

Recently, there was an article of being a computer virus launched by the government as well.
I highly doubt its the government behind it though.

[rich93]

I'm sure any big government's cyberwarfare division could hack any bitcoin exchange they want whenever they want. However I think they have more important things to worry about and probably don't care about bitcoin. I strongly suspect most of the big hacks on exchanges are inside jobs.

[nextgencoin]

I'm sure any big government's cyberwarfare division could hack any bitcoin exchange they want whenever they want. However I think they have more important things to worry about and probably don't care about bitcoin. I strongly suspect most of the big hacks on exchanges are inside jobs.

You could be right but I disagree that Governments or at least those in real power financially don't care about Bitcoin as it threatens the system they rely on.

[Arnab biswas]

yes jobs can hack the bitcoins...but its also yry that many compnies are accepting bitcoin as a payment too...so why they are using it when they can hack it

[Q7]

I'm sure any big government's cyberwarfare division could hack any bitcoin exchange they want whenever they want. However I think they have more important things to worry about and probably don't care about bitcoin. I strongly suspect most of the big hacks on exchanges are inside jobs.

Well they do worry about bitcoin. As an alternative currency it could be very well competing against fiat and what they worry most is when transactions are all based on bitcoin and could lose control over the monetary system. However having said,I agree that it is unlikely that they are the one who carried out the attack.

[Brewins]

I'm sure any big government's cyberwarfare division could hack any bitcoin exchange they want whenever they want. However I think they have more important things to worry about and probably don't care about bitcoin. I strongly suspect most of the big hacks on exchanges are inside jobs.

Maybe just some low rank people that wanna make some money?

Might be too tempting have such non existent tech and don't use it to get some personal advantage

[Shattered]

I'm sure any big government's cyberwarfare division could hack any bitcoin exchange they want whenever they want. However I think they have more important things to worry about and probably don't care about bitcoin. I strongly suspect most of the big hacks on exchanges are inside jobs.

You could be right but I disagree that Governments or at least those in real power financially don't care about Bitcoin as it threatens the system they rely on.

I think its being grossly naive to think that Governments dont "care" about Bitcoin.
A system that doesnt centralize power is very dangerous to the powers currently running the show.

If current governments used BTC instead of the magic monopoly money they never stop printing, there would a lot less wars.

If you have to account for every single finite measure of currency, things get real interesting real fast.
It would be real interesting to live in a country where every single dollar spent by the government was visible on the blockchain.

[koelen3]

Why would govt involve in this
If they are against it , they can just issue legal orders or if they really want to do it , they would do  bigger hack , so the exchnge goes totally down not small stealings

[Kazimir]

Then all the more reason to hurry up and get these decentralized P2P exchanges up and running.

[kpitti]

This is not probably happen as I hope they have more important things to do  . I am in doubt there is a logic reason for goverment to do that.

[Fernandez]

Another tinfoil case.

The sites were hacked because there is no dearth of hackers trying to make money.

[maurya78]

Quite possible, I see govt hackers as key players interested in exploiting vulnerabilities in the btc ecosystem

[Sage]

Another tinfoil case.

The sites were hacked because there is no dearth of hackers trying to make money.

Marginalization is a common tactic of a government shill.

The OP brings up some very important dynamics we all need to be aware of.  Calling them "tinfoil case" only reveals your own ignorance.

To think the power structures behind central banking won't use every tool at their disposal to protect their interests is just plain ignorance.

[smoothie]

Some but not most.

[coinut]

read the article in the OP ... crazy! not surprised though, Trojan's and viruses in the firmware/bios of hardware.

I wonder if it was possible to make a scanner to scan bios's and firmware on the motherboard and hardrives?

I would try it out for fun, although it would have to be from trusted sources for obvious reasons lol     

[Silly Money]

Whilst I don't really believe the government was behind such hackings, this sort of thing could easily happen. All you would need is a rouge NSA employee who sees hoe easy it is to spy on certain bitcoin companies and take their coins at his own will. We already know the staff at the NSA have abused their position looking at and sharing personal images they shouldn't so theft of money or data is the next step up and could make them very rich so greed can always take over.

[Kakmakr]

Yes Snowden showed everyone what governments are doing and what they can do if they are not stopped ^frown^

Do you think it is individual people within governments or a whole group within special sections?

[Brooker]

Why would govt involve in this
If they are against it , they can just issue legal orders or if they really want to do it , they would do  bigger hack , so the exchnge goes totally down not small stealings

They probably will do that in the long run and try cripple bitcoin via regulations and laws etc but those things take time to pass and bitcoin isn't really a threat at the moment, but I doubt the gov is stealing people's bitcoins though maybe someone who works for them could.

[pooya87]

every day you hear a new article on bitcoin on a not so famous news website. what is this, a Conspiracy theory. and what next tinfoil hats