Topic: Why thefts and hackers stealing wallets is a good thing... - page 2. (Read 1947 times)

Security. Would you put your money in a bank that was getting robbed all the time?(ignoring any deposit insurance or anything like that)

Also note that people just don't carry cash around like they used to. One reason(other than convenience, although cash is not really all that inconvenient IMO.) is that carrying cash around isn't secure. When you lose your debit card or credit card, at least it can be cut off and the thief can't keep spending your money. You might even get it back. So yes, cash money IS flawed, because it's really NOT a good idea to have money just spilling out of your wallet all the time.

Also, seeing monetary theft as good for you... well that my friend is antisocial thinking. That's all there is to it. Good for you till your wallet gets stolen. I've got mine, !@$% everyone else.

Also, computers are flawed(computers will always be hackable). Since bitcoin depends on computers, it is too flawed. However, I don't think anyone here or anywhere is expecting a flawless victory with any currency. EVERY currency has flaws. Less flaws is good. More is bad.

I don't know that it will make it stronger, but it will certainly help define its place in the economy.

Im just thinking, why is it a bad thing that wallets get stolen and mt gox gets hacked? Technically, someone is still holding bitcoins and it should be the markets job to incentivise people to secure their assets themselves and not take too much risk... If someone argues that Bitcoin is bad because its insecure, that simply isnt true, the software may not be 100% out of the box or your computer may be compromised, but thats like arguing that cash money is flawed if someone has a fat wallet full of money sticking out of their pocket... Also, if a hacker steals a bunch of wallets via a trojan and tries to sell off all his bitcoins on an exchange, even better for me, because the price will simply go down and people with actual faith in the underlying bitcoin system will buy them.... I dont beleive you can argue bitcoins is flawed because the client may get hacked, any more than you can argue the USD is flawed because banks get robbed... In fact, I beleive its a good thing, as it will simply punish hoarders who have no clue on security, I mean, if you have 500,000 USD worth of bit coins, surely you can spend 50,000 or even 5000 on some decent security (or hire someone to do it)....

Who here agrees with me and beleive whatever doesnt kill Bitcoin complete will only make it stronger?