Re: Help me understand...

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..

Bad pr really scares the average joe into getting bitcoins. Of course, as long as there is money involved, there will be scammers, launderers and thieves trying to get into the scene and get some money. Bitcoin is also considered as money, so yeah, thieves, scammers, and launderers wouldn't be out in the scene as they will try and try to get some money out of people.