Post
Topic
Board Bitcoin Discussion
Re: Is Cryptsy more evidence that it is impossible to really secure crypto?
by
Bitcoinpro
on 15/01/2016, 09:16:18 UTC
The bitcoin bandwagon brigade has always preached how secure crypto is but it seems like every exchange has gotten hacked. Is securing crypto a pipe dream? Is this what the BTC experiment has taught us?

IMO yeah, pretty much.  Even a very secure system is ultimately dependent on the employees, so will always be susceptible to an inside job.  One of the selling points of crypto, the non-reversibility, ends up being the flaw for these sorts of situations.  Even the NSA can't secure their systems so I don't see this problem going away.

It was a fraudulent scheme from the start, warnings where put out

scam acussations go back for years