First of all hacking is a hobby but when there is too much money involved it just crooses the line for hacking to be generalized by hobby. It becomes as proffression first of all. NOW crypto currencie exchanges maintain security by seriously so they always keep the algorithm in a different by the time spend. Please note that Btc or block chain basically not getting hacked its a flaws of exchange houses and hacker break into exchanhe houses. Now to understand the relation its so hard to break the code for havker of there is only single person occupied.
So basically its done by a group of syndicated hackers which send numorous error code or signal to API which makes it confuse and hence it got hacked.
So people who are involving with these crimes they are proffessional. And yeas its a rich proffression. But without loving the proffression or works no one get succeeded.
Yes, no one can hack blockchain. Maybe with the creation of quantum computers in the future its possible that it can be hacked. Mostly today, the reason why some banks, exchanges,or hodlers were hacked were mostly due to human error.
Profession? Is thievery a profession/hobby? Unless these hackers work against thieves I wouldn't call it a profession or hobby. It can be indeed very profitable if the hacker is skilled, but it never ends well when you take something that doesn't belong to you, there are serious consequences not only on the human law's sphere, but in a superior sphere as well.
Temporarily these thieves can think they are very successful, and they will indeed enjoy this money and their status, but on long term they will surely regret about doing this... Unfortunatelly, I believe in the future virtual crimes will become more common and it will help to spread fear among people when dealing with Crypto-Currency.
Let's not focus more on the unethical hackers. There are two types of hackers. Ethical and unethical hackers. If you're a white hat (ethical hacker), you can help the government to develop systems to trace or fight against unethical hackers.
https://www.quora.com/Is-hacking-a-professionThinking from the ethical hackers perspective, it's already a very profitable "profession". Many of these skilled people are already employed in some governments and they are very helpful not only tracking thieves, but spying another nations too. These guys have high status in government's agencies, respect from their countries authorities and a lot of money, but in many cases they can't tell others what their profession is. And the importance of such "workers" in every country is increasing year by year as technology is developed.
However some people will say these hackers are unenthical as well, because some government's tasks aren't so ethical by some points of view... Like when spying people and foreigner nations, for an example.I agree with you. Even if they are working for the government as an ethical hackers, the mere fact that they are hacking or invading other countries privacy just to get an edge when it comes to war or any future disputes is also considered an unethical act.
We may already have reached peak hacker, at least in the number of coins nickable. In future exchanges will be run by actual professionals who are held to certain standards. Even today after all this time there are still places like Coincheck that are wide open. That won't happen in future.
Also tracing hackers will become ever more possible as law enforcement techniques become more sophisticated.
The richest people involved in crypto in the future will be exchange owners. No matter what direction the market goes, people still want to swap coins. And I'm not convinced decentralised exchanges will be adopted by Mr. Average for fiat swappage at least.
Yes, law enforcement will be tough I agree with that but as we move forward to technology there are many special or talented individuals that are born everyday. So we can't really assure ourselves that hackers will always be caught.
but does Jeff Bezos also plunge into the world of crypto?
does Bill Gates also take part in the world of crypto?
supposedly, if the richest work is from crypto, I think they must be investors in crypto too
There are lots of people that we don't know that are richer than those guys. They just hide their identities to protect their illegal activities and for them to evade taxes.
Crypto is not the only area that you can earn lots of money. There are still many areas where in people are earning tons of money.
