Post
Topic
Board Beginners & Help
Re: Is this all just one big joke?
by
Xephan
on 26/07/2011, 17:37:58 UTC
I want to believe that Bitcoin is strong and will rebound, but its really hard to have faith in it when recently it has been hacked for a huge sum of coins. http://www.internetevolution.com/author.asp?section_id=771&doc_id=231208&f_src=internetevolution_gnews and now the most attractive feature of Bitcoin is now nule and void.

Bitcoin is still unhacked, what was hacked is MtGox and their silliness in using unsalted password and md5 which had been discouraged for years from use for hashing sensitive data.

Quote
http://gizmodo.com/5824503/anonymous-bitcoin-purchases-arent-actually-anonymous You are not anonymous on the Bitcoin network and that makes it very unattractive to me. Im so glad I did not spend hundreds of dollars on Bitcoin when it obviously is not secure or anonymous like it claims. I really wanted to be apart of this. I think its a great idea and it the future of currency. Can someone please convince me to look past these major flaws.

Bitcoin does not claim to be anonymous like cash, just closer to anonymity. If you don't put your identifiable information all over the place and take special care, then even that research analysis method would find it close to impossible to pin you down.