Bitcoin Heists and Hacks - Notable Thefts and Scams ...

The real problem with Bitcoin enthusiasts.

Keep in mind whilst reading this, I am one myself. But I feel like these things irk me a bit and make bitcoin folk look fanatical as opposed to forward thinking.
-Too many unrealistically cite that Bitcoin will take down big banking. This is not only laughable and unrealistic, but would take half a century to even begin to happen. It also makes one look like a loon to anyone willing to hear a pitch.
-Too often bitcoiners attach politics to why they like bitcoin. I do understand that it will probably take a few bold politicians to make bitcoin succeed as a currency, but this board often reads like a chain of ridiculous libertarian conspiracy threads.
-The great victories aren't celebrated as much as fear and panic. Square is a great victory, celebrate it. Understand that Bitcoin, the technology and startups and the acceptance of it as a currently in a toddler stage. Lay off the negatives, sit back, watch the infrastructure mount and enjoy it. We will either be a pack of "Itoldyousoers" or look like a colossal bushel of boners. Regardless, we're all along for the ride.
-Posting every article mentioning Bitcoin doesn't help perception of those that are new to the reddit. Post thoughtful, well researched ones. Coindesk is fantastic(and reputable) for insiders, but anyone beginning to embrace Bitcoin will not take it seriously. Also, posting articles that incite panic written by people that merely read the wikipedia about Bitcoin is foolish. Self edit, reddit.
-Be the forward thinkers that you are. A lot of people have money tied into Mt Gox. Hopefully, they will retrieve set money and all will be fine in the not too distant future. But understand that something that begins unregulated will attract bad people attempting to game a new system. As more responsive and reputable(hopefully US based) companies rise from the large amount of capital tied in, the insolvent or poorly run companies will fizz out quickly.
-Warren Buffet is entitled to his opinion. He's one of the greatest investors that's ever lived, but doesn't care for tech stocks or Bitcoin. It's not that it frightens him, he just doesn't understand it in terms of guaranteed profit. Many feel this way at the moment, which is why the market cap has dropped a bit as of recently. Even the bulls are looking like bears. Lay off the guy, he has a different opinion than you or I do.
-Have a better understanding off mass adoption. A few ATMs are a good start, but until someone who has never owned a bitcoin can go on his/her phone/computeor atm and acquire one in less than a minute, it won't happen. The atms will hopefully get better and easier to use with time, but the tech surrounding bitcoin needs to improve a great deal before everyone you know embraces it. Try telling someone they have to sign up to a site, confirm their bank, identity and wait for 5 days while they have their debit card in their hand and see which form of payment they choose. We'll get there and I believe in(a few of) the startups popping up, but we're not there yet. When every store has a btc qr code scanner as an option, we've made it.
-After trying to explain how it works, explain how useful it could be for migrant workers. Explain how Western Union and their robberies could be quieted by Bitcoin. It may not sell people on purchasing one or getting into it, but it expresses the nature of bitcoin and the freedom it brings. It's a great way of making folks understand.
-Be patient.
I wrote this with positive intentions.
Update: Really enjoying reading all the posts and debates on here. All healthy and none hateful.
submitted by Hegla to Bitcoin [link] [comments]

The Most Top 10 Bitcoin Exchange Stolen Hacks  Biggest Bitcoin Robbery  Bitcoin Basics English The cryptocurrency market just suffered a theft worse than Mt. Gox Bitcoin heist: NiceHash hacked for $68 million in bitcoin - TomoNews Former CEO of collapsed MtGox bitcoin exchange arrested in Japan A STORY OF 8,50,000 BITCOIN ROBBERY. MT. GOX CASE STUDY EXPLAINED..8,50,000 बिटकॉइन की रॉबरी

Many other major Bitcoin supporters and exchanges were quick to aim to the collapse of MtGox as an isolated incident that was more about mismanagement than any specific problem with all the digital currency it self. ‘As with any new industry, there are particular bad actors that must be weeded down, which is what we are seeing today,’ groups including Coinbase and BTC China said in a ... Bitcoin Users Scramble as Major Exchange MtGox Goes Offline Two Bitcoin traders hold protest signs right in front of this MtGox Tokyo headquarters on Tu If you know anything about the history of Bitcoin, you’re probably familiar with the name Mt. Gox. It was the preeminent Bitcoin exchange based out of Japan, established in 2010 by Jed McCaleb, who is also the founder of Ripple. In 2013, Mt. Gox became the most significant global exchange, but starting in 2011, it was the victim of ongoing ... Many other major Bitcoin supporters and exchanges were quick to point to your collapse of MtGox being an isolated incident that was more about mismanagement than any particular problem with all the digital money itself. ‘As with any industry that is new there are certain bad actors that should be weeded down, and that’s what we are seeing today,’ groups including Coinbase and BTC China ... Mt Gox, which was one of the major Bitcoin exchanges, has shut down due to large-scale robbery and DDoS attacks. Right now, when you go to the Japan-based company’s site, you only get a message saying that they have “close[d] all transactions for the time being in order to protect the site and our users,” and that they will be “closely monitoring the situation.”

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The Most Top 10 Bitcoin Exchange Stolen Hacks Biggest Bitcoin Robbery Bitcoin Basics English

Bitcoin Falls - Round Two! Whale Trader Games, Playing The Charts, Gemini, CFTC Regulations - Ep160 - Duration: 22:27. Coin Mastery 42,157 views Shout out to Mt. Gox! NiceHash was started in 2014 as a marketplace for miners to rent out their hash rate to others. The market cap for BitCoin is currently worth over $225 billion. The ... The cryptocurrency market just suffered a theft worse than Mt. Gox Bitcoin prices and the value of other cryptocurrencies dropped on Friday as Tokyo-based Coincheck Inc. revealed that as much as ... HELLOW FRIENDS THIS VIDEO IS ABOUT TOP EXCHANGED HACKED AND THEIR CASE STUDIES.. LIKE COMMENT SHARE SUBSCRIBE* ===== Ethereum mining rig price ... To Buy the book "BITCOIN BASICS: LOGIC AND MAGIC OF DIGITAL GOLD" click on the link :: https://amzn.to/2KiEj9S For Bitcoin and Cryptocurrency news follow our...

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