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RE: Dashpay Magazine: Taiwanese ATM Funds Theft Showcasess Versatility of Cryptocurrency

in #money8 years ago

I think it's a bit rich to say that crypto currency is much safer. There are different risks involved in crypto currency and the default situation is the person loses their money. It doesn't help adoption of crypto currencies to give people a false sense of security. What does help is to highlight how risky managing money is and warn people to understand the risks.

In the ATM theft, no customers lost any of their money and the police were able to recover 75% of the stolen funds.

police were able to arrest three suspects and retrieve about NT$60 million of the stolen money on Sunday.
Source

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Agree with @djleo
People use Bitcoins and any other coins need to heed on their keys while in banking systems we keep debit cards, bank books, and passwords. Storing private information digitally, like @djleo mentioned, would expose people in difference risks, as has been revealed in recent hard forks.

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