Post
Topic
Board Service Discussion
Re: Mt.Gox Account secured with Yubikey but still had 29 BTCs stolen
by
CIYAM
on 14/09/2013, 17:37:05 UTC
there should be a way to reverse these type of transactions when something unauthorized occurs. that's the weakness of BTC right now.

Bitcoin doesn't work like that but exchanges could very easily let you set up your account so that say a BTC transfer won't occur until 24+ hours after requesting it giving you time to cancel such theft attempts.

Bitcoin's *strength* is that it isn't reversible - but that does make it harder when building services that use it to help protect the users (it's always going to be a trade-off between speed and expense).