Re: it is certainly true that bitcoin is unsafe, but the alternatives are unsafer

Quote from: fatca on November 10, 2013, 01:31:08 PM

http://bitcoinviews.com/live-is-bitcoin-proving-to-be-plain-and-simply-unsafe

Of course, 45 percent of bitcoin exchanges fail. If you know the admin's root password, you can obviously visit the exchange server and steal all its money, if they did not use a receive-only deterministic wallet. How do the admin get their password? From the hosting company, of course.

The matter of your server security. You may store hot wallet, database and other sensitive data in the encrypted folder, which automatically unmount on every root/user login. You may use the first server like a transparent proxy to your main server, which send you sms on every unauthorized login, etc. There are many similar simple solutions, but very often exchangers are managed by enthusiasts, not bank-level security specialists.