Help me understand... - page 3. | Bitcointalksearch.org

AtheistAKASaneBrain

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Quote from: waterpile on February 23, 2015, 08:43:44 AM

Quote from: ?? on ??

Quote from: waterpile on February 22, 2015, 05:31:26 AM

Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

I hope you know not all these recent hacks were real. Some of them were simple inside jobs, where the owner or someone from his inner circle simply accessed the machine used to store coins and move the money to his own address. You can't simply hack a cold wallet and this is what happened in some of these cases.

Yes, well who knows what really happened. This kind of incidents is a bad image for bitcoin to a person who doesn't know much about bitcoin they would think it as an entire scam scheme..

It's a fact all clueless people tend to think when an exchange gets hacked bitcoin itself gets hacked. Sad to see.

waterpile

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Quote from: ?? on ??

Quote from: waterpile on February 22, 2015, 05:31:26 AM

Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

I hope you know not all these recent hacks were real. Some of them were simple inside jobs, where the owner or someone from his inner circle simply accessed the machine used to store coins and move the money to his own address. You can't simply hack a cold wallet and this is what happened in some of these cases.

Yes, well who knows what really happened. This kind of incidents is a bad image for bitcoin to a person who doesn't know much about bitcoin they would think it as an entire scam scheme..

lyth0s

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World Class Cryptonaire

Quote from: waterpile on February 23, 2015, 12:22:34 AM

Quote from: 1Referee on February 22, 2015, 06:19:58 PM

Quote from: waterpile on February 22, 2015, 05:31:26 AM

Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

You lost fait. Ok, tell me in who exactly you lost faith?

If you lost faith in the amateur and noob exchange operators I will 100% agree with you.

If you lost fait in Bitcoin, then you don't know what exactly happened.

There are so many people blaming Bitcoin for being unsecure while it is not the fault of Bitcoin.

Blame the shitty exchanges, they get hacked and robbed. Not Bitcoin.

I'm not blaming bitcoin, I just hate that these hacking is so common incidents that it would make an average joe think that holding to bitcoin is not safe..

Holding your own bitcoin is relatively safe unless you allowed your computer to become infected with viruses/trojans etc. Allowing someone else to hold your coins for you is never safe. Would you allow a non-insured overseas 3rd party to hold all of your cash for you?

waterpile

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Quote from: 1Referee on February 22, 2015, 06:19:58 PM

Quote from: waterpile on February 22, 2015, 05:31:26 AM

Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

You lost fait. Ok, tell me in who exactly you lost faith?

If you lost faith in the amateur and noob exchange operators I will 100% agree with you.

If you lost fait in Bitcoin, then you don't know what exactly happened.

There are so many people blaming Bitcoin for being unsecure while it is not the fault of Bitcoin.

Blame the shitty exchanges, they get hacked and robbed. Not Bitcoin.

I'm not blaming bitcoin, I just hate that these hacking is so common incidents that it would make an average joe think that holding to bitcoin is not safe..

lyth0s

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I had a really good response from another friend of mine which I'll share here for people that are truly interested in the general population's mindset.

Quote

Some people only see the reasons not to do something, they scour their minds for the perceived reasons that something will fail. Complacency, procrastination and subrogation of their rights is easier than understanding, making your own decisions and and taking responsibility for your own life. They enjoy relying on the current system to take care of them.

I really think that says it best.

1Referee

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Quote from: waterpile on February 22, 2015, 05:31:26 AM

Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

You lost fait. Ok, tell me in who exactly you lost faith?

If you lost faith in the amateur and noob exchange operators I will 100% agree with you.

If you lost fait in Bitcoin, then you don't know what exactly happened.

There are so many people blaming Bitcoin for being unsecure while it is not the fault of Bitcoin.

Blame the shitty exchanges, they get hacked and robbed. Not Bitcoin.

SharkyBTC

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Fun fact: most people are fools. Give it ten years and everyone will be kicking themselves for not jumping on the Bitcoin train earlier.

Possum577

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Loose lips sink sigs!

Tons of banks in the early 1900's got robbed or went out of business, it didn't eliminate the need for banks. I think bitcoin will survive beyond the hacks. Maybe some bitcoin insurance agencies should be formed to cover people's losses.

People preach doom and gloom because they are focused on the news today, rather than the impact of that news over years. If you take a longer view of the currency you can see how it could become very successful. Also, the volatility of the price is a barrier for entry for new users. If I'm buying my first Bitcoin today I'd be pretty concerned that my $230 could become $120 over night...that's a scary thing! Why would I put my spending money into something so volatile?

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: waterpile on February 22, 2015, 05:31:26 AM

Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

"hacking" of the exchanges will stop once the owners back their bussines with their own personal funds. transparent ownership and bussinesses would stop all this.
Were long way from worldwide acceptance, but if that is to come, all those dreams of 100k / bitcoin might come true, like it happened with 100$ dream not do long ago.

cheers

Q7

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The growth potential is there. There's no denying. In fact we can see more businesses starting to adopt bitcoin. But however, with the price fluctuating drastically this basically hinder more businesses to adopt the coins until it has become stable. Still a long way to go but yeah, we are heading in the right direction.

waterpile

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Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith

lyth0s

legendary

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Merit: 1000

World Class Cryptonaire

When most anti-bitcoin people talk about bitcoin all I hear is how the price is not stable and it can't be used everywhere yet and not everyone uses bitcoin yet. To me this just shows how much growth potential there is with bitcoin. It shows me how much added value bitcoin will/would have with massive acceptance and usage. To me the fact that the bitcoin economy is growing and it continues to get new developments (think Bitcoin 2.0 world) shows me that it's on the right path to increase in adoption and usefullness.

Why do people see "doomed to failed, because it's not already big", while I see "Has tremendous growth potential, because it's not already big nor the defacto world currency".

All opinions, insight etc is GREATLY appreciated. I seriously have the hardest time wrapping my head around this one.

Bears feel free to flame-on, I'm greatly interested in what you all have to say along with the bulls.

Topic: Help me understand... - page 3. (Read 3548 times)