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RE: Why the BitfinEx hack/bitcoin theft isn't a big deal in the long run
Word. Something I commented earlier which falls in line with what you're saying: the situation with bitfinex is like a bank having 100 dollar bills in a cardboard box at the bottom of a broom closet. When someone breaks into the closet and still the money it's not the trust in the U.S. dollar that gets ruined, it's the trust in the bank stupid enough to store the money in a closet.
Exactly. and I'm sure they did all their due diligence. I mean, the amount of money that was stolen? Exchanges are prime targets for unscrupulous hackers. they'll poke and prod and pick until they find a loose board to pry open.
The best part is all the people claiming this will be the end of bitcoin... a few years ago bitcoin had nowhere near the support it does now and Mt. Gox lost 400 million or something... investors still got interested in bitcoin. This isn't even a quarter of that and they're saying this is the end? Right... no where near it. It's okay though, let 'em sell. Then there's just more for us to buy!
Yeah. The mainstream is always ready to pounce on anything and declare it the end of bitcoin. That's what soros pays them for, you know :P