Post
Topic
Board Bitcoin Discussion
Re: 40,000 stolen Bitcoin suspect Zhou Tong's co-founder is currently doing an AMA
by
Towlie
on 09/11/2015, 15:16:15 UTC
this is why centralization is dangerous especially if combined with bitcoin where there is no regulation, you get the usually "i was hacked all funds vanished"

bitcoin should only work with decentralized system for anything

This can happen with fiat too. Inside jobs are exclusive to crypto but the currency being digital makes it easier to move and blame on hackers especially in such a young industry without much regulation and many people putting all their faith in certain companies.