Post
Topic
Board Bitcoin Discussion
Re: Hacks and thefts are mostly a good sign
by
shockD
on 31/07/2012, 07:16:55 UTC
i agree (although i'm still pissed about probably losing 3.5 btc but whatever).  Although it really does suck that we seem to be plagued with thieves it does show that overall the currency is valuable and has a future.  Its the same as when the trolls started showing up on sealswithclubs.eu lobby.  They annoyed the crap out of everyone but my point was they are a sign of growth.   Of course a thief is much worse than a troll and what happened on btc-e today is awful and my heart goes out to ppl who were burned for more serious amounts of money.  Same way with the bitcoinica fiasco, it really sucks that ppl have the capacity to stoop so low.  But big picture is that btc gets stronger.

Both bitcoinica and btc-e are (were) financial sites and on the surface looked sketchy as hell.  Go figure, there were holes in both. Anyone who is severely distressed by losses from either wasn't cautious and placed funds they couldn't lose in something that looked fucking crummy with a cursory examination. Survival of the fittest refers to those who put significant sums they couldn't afford to lose in either of these as well.

Get in/get out with your funds as quickly as you can and don't ever place more than you can afford to lose in some cheeseball btc exchange. That goes for *all* of them, there isn't a single one that's not cheesy as fuck yet.

Use your brains people. At this point, the people losing funds deserve it.